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 special financial studies, while supporting planning, reporting, and analysis across the finance function. Responsibilities include supporting month-end close, preparing journal entries and balance sheet reconciliations, assisting with forecasts and budgets, analyzing financial trends and results, researching purchase requisitions and invoice approvals, tracking fixed-asset projects and tooling costs, performing inventory analysis, and preparing audit support. The position follows Magna policies and procedures and recommends continuous improvements.

Requirements

Strong written and verbal communication skills, including the ability to prepare reports and communicate 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.
Must meet the stated physical requirements, including lifting up to 35 lbs. as needed; standing, walking, bending, and sitting for extended periods; maintaining proper vision; and remaining alert to surroundings.

Nice To Haves

For Analyst II: project management experience, strong leadership and communication skills, ability to influence across the organization, knowledge of manufacturing systems, and competence in database management and information reporting.
For Analyst III: experience in general supervision and project management, and possession of or progress toward a CPA, CMA, or MBA.

Responsibilities

Assist with the month-end process, including preparing journal entries and performing financial analysis.
Prepare monthly balance sheet reconciliations and roll-forward analyses.
Assist in preparing weekly, monthly, and annual forecasts.
Generate forecasts and analyze trends in sales, finance, and other areas of the business.
Analyze profit and loss statements and report findings and recommendations to management.
Conduct economic research and studies of 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.