Financial Analyst

Magna International•Concord, ON

4d•CA$65,000 - CA$75,000

About The Position

The Financial Analyst will play a critical role in supporting the Assistant Controller by providing financial analysis, budgeting, forecasting, and reporting. This position requires a detail-oriented individual with strong analytical skills and the ability to work collaboratively across departments to drive financial performance and support strategic decision-making.

Requirements

Post Secondary Degree/Diploma in the field of accounting and/or finance required
Minimum of 2 years of relevant experience (relevant co-op experience can be included)
Detailed oriented individual with a desire to hone his/her analytical skills and an affinity to work with high volume of data
Strong organizational skills with ability to prioritize tasks and meet demanding timelines
Proficiency in ERP/MRP fully integrated systems and Microsoft Office, especially Excel and PowerPoint
Strong interpersonal and communication skills with proficiency in English written and verbal communications

Nice To Haves

Knowledge of the automotive manufacturing environment considered an asset
Intention to pursue an accounting designation (CPA) considered an asset

Responsibilities

Assist in the compilation of weekly operational analysis and reporting.
Collect, monitor and analyze data related to the overall effectiveness of the department; benchmarking and analyzing these trends to establish action plans for continuous improvement (QOS process and weekly scorecard support).
Work closely with cross department stakeholders to assemble necessary documents for the initiation of capital expenditure request submissions.
Generate Ad-Hoc management reports and/or schedules as required.
Perform detailed tracking of capital spending and assist in the maintenance and or implementation of new analytical reports surrounding company’s spending against budget.
Assist in the overall month-end close process pertaining to the capital and tooling aspect of the business. This includes and is not limited to: Preparation of month end journal entries, Proposal of month end accrual entry, Performing the detailed account reconciliations pertaining to capital and tooling, Organizing and distributing tooling information to relevant internal stakeholders.
Support the year-end closing process, which entails the preparation of the assigned financial sections relating to the year-end external audit file.
Support the Assistant Controller in facilitation of efficient and timely year-end audit and perform ad-hoc working capital and balance sheet related analysis on an as needed basis.
Promote company culture and ensure discipline to all company policies and procedures.
Responsible and accountable to lead, manage, support and provide direction to staff within the department through effective goals/objectives setting, performance monitoring and reviews, communication, and the execution of on-the-job training and development plans.
Facilitate effective two-way communication through department meetings (minimum monthly) and an Open Door philosophy.
Facilitate and promote a work environment based on fairness and concern for people, in accordance with the principles of the Magna Employee Charter.
Seek out and correct unsafe acts or conditions, to ensure all health and safety policies are followed.
Conduct planned workplace inspections, as scheduled by the Environmental, Health and Safety Department.
Ensure compliance and enforcement of Customer Specific Requirements, QMS (IATF16949), Health and Safety (ISO 45001), EMS (ISO14001), and security (PIP) requirements.
Ensure, with the cooperation of other Co-Ex-Tec departments and Corporate that the division achieves and maintains the highest possible Customer rating for satisfaction; strive for zero defects in all areas of the business.
Any other reasonable duty required by Management