Cost Accountant

Magna International•Muncie, IN

About The Position

What we offer: At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are. Group Summary: Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.

Requirements

Minimum Requirements Bachelor’s Degree in accounting, finance, or related field.
Five or more years accounting experience in a manufacturing environment or suitable experience.
Strong project management skills.
Strong computer skills including Microsoft Excel.
Communicate clearly with customer focus.
Assign the highest priority to customer satisfaction while meeting commitments to achieve business objectives.
Ability to work independently and solve problems.

Nice To Haves

CPA, CMA, or MBA a plus.
Experience with standard costing, especially in SAP, an advantage.

Responsibilities

Manage assigned areas of the General Ledger, including inventory accounts (Production, Tooling, Prototype, MRO Spares)
Operate in compliance with Sarbanes-Oxley requirements
Analyze monthly spending
Contribute to the preparation of annual plant budget and quarterly forecasts
Develop annual material, labor and overhead standards
Ensure accuracy of plant production reporting
Perform analysis of manufacturing costs and variances
Work with Materials department to optimize and accurately report inventory
Examine, analyze and interpret production variances for manufacturing and financial management including material, labor, and overhead variance
Inventory valuation and reconciliation including perpetual, WIP, in transit, capitalized variances and excess & obsolete inventory reserves
Standard cost development and maintenance, including cost rolls, review BOM, routings, & Purchase Order history
Update and maintain Product Line Profitability analysis
Support Program Management as program controller, providing business cases and other input to quotes for new business and customer change orders
Review and resolve Standard Costing issues prompted by the ERP system
Contribute to continuous improvement and cost reduction activities.
All other duties as assigned.