Financial Analyst

Magna International•Duncan, SC

About The Position

The Financial Analyst analyzes and prepares financial statements and reports, including income and inventory statements, balance sheets, and statements of financial position. The role performs advanced, independent, and objective financial and business analyses of fixed capital, investment proposals, and other special financial studies, and supports the finance function through planning, reporting, and analysis. The analyst assists with month-end processes, prepares journal entries and monthly balance sheet reconciliations, supports forecasts and budgets, analyzes business trends and financial results, and prepares findings and recommendations for management. The role also supports fixed-asset and tooling projects, inventory analysis, invoice and purchase requisition reviews, and audit schedules. It follows Magna policies, procedures, work instructions, and standards and makes recommendations for continuous improvement. The posting describes three experience tiers: Analyst I (0–2 years), Analyst II (3–5 years), and Analyst III (6–8 years) of relevant financial-environment experience. The position will not be sponsored now or in the future. The worker type is listed as Regular / Permanent.

Requirements

Strong written and verbal communication skills for preparing reports and communicating with customers.
Strong organizational and project management skills.
Attention to detail and ability to manage multiple projects.
Analytical skills and critical-thinking capabilities.
Competence with ERP software, Hyperion, Microsoft Excel, Microsoft Word, and Lotus Notes.
Working knowledge of English.
Analyst I: Bachelor's degree in accounting or finance, or equivalent experience, and 0–2 years of experience in an appropriate financial environment.
Analyst I: Demonstrated initiative in confronting and resolving problems; effective written and verbal communication and interpersonal skills; analytical ability; ability to organize and prioritize work with minimal supervision; and proficiency with computers, including spreadsheets and graphics.
Analyst II: Bachelor's degree in accounting or finance, or equivalent experience, and 3–5 years of experience in an appropriate financial environment.
Analyst II: Project management experience, strong leadership and communication skills, ability to interact with and influence all segments of the organization, and proficient knowledge of manufacturing systems with competence in most phases of database management and information reporting.
Analyst III: Bachelor's degree in accounting or finance, or equivalent experience, and 6–8 years of experience in an appropriate financial environment.
Analyst III: Independent judgment and discretion supported by broad knowledge of accounting and financial analysis techniques, and experience in general supervision and project management.

Nice To Haves

Analyst III candidates may possess or be working toward a CPA, CMA, or MBA.

Responsibilities

Assist with month-end processes, including journal entry preparation and financial analysis.
Prepare monthly balance sheet reconciliations and roll-forward analysis.
Assist with weekly, monthly, and annual forecasts.
Generate forecasts and analyze trends in sales, finance, and other areas of the business.
Analyze profit-and-loss income statements and report findings and recommendations to management.
Conduct economic research and studies concerning rates of return, depreciation, and investments.
Research details related to purchase requisitions and invoice approvals.
Create, track, and close out fixed-asset projects.
Track tooling costs, analyze spending, and manage invoicing to the OEM.
Perform inventory analysis.
Prepare audit schedules and supporting documentation.
Assist with budget preparation.
Follow Magna policies, procedures, work instructions, and standards, and recommend continuous improvements.