New Business Finance Manager

Magna International•Troy, MI

7d•Hybrid

About The Position

The New Business Finance Manager will support the Global organization on all “global quote” activities involving more than one region as well as “greenfield” opportunities. This position’s responsibilities are as follows: ESSENTIAL DUTIES & RESPONSIBILITIES: Continue to develop quoting standards for each region and their respective divisions (QCA model, burden rate development….) Train regional leads on all global standards so they can disseminate to the divisions in their respective regions. Develop and maintain the Commercial Finance Policy & Procedures (annual update of interest rates, discount rates, tax rates and accounting treatment guidelines by region and by country as required). Support the development and implementation of policy & procedures which promote best in class commercial performance (use of analytics, benchmarking information and other). Take lead role in the comparison of regional QCA submissions for the same program to ensure that the assumptions are consistent and that all differences can be explained as either regional market differences (labor rates…) or process driven differences in support of our NBO strategy. The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.

Requirements

Minimum Bachelor’s Degree in Finance/Accounting/Engineering.
10 years automotive program, product finance and costing experience.
Including hands on customer commercial negotiation interface.
Thorough user understanding of Microsoft and other business software applications.
Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer

Nice To Haves

CPA/MBA/Masters designation a plus.
Knowledge of global automotive product program financials preferred.

Responsibilities

Continue to develop quoting standards for each region and their respective divisions (QCA model, burden rate development….)
Train regional leads on all global standards so they can disseminate to the divisions in their respective regions.
Develop and maintain the Commercial Finance Policy & Procedures (annual update of interest rates, discount rates, tax rates and accounting treatment guidelines by region and by country as required).
Support the development and implementation of policy & procedures which promote best in class commercial performance (use of analytics, benchmarking information and other).
Take lead role in the comparison of regional QCA submissions for the same program to ensure that the assumptions are consistent and that all differences can be explained as either regional market differences (labor rates…) or process driven differences in support of our NBO strategy.