Plant Accountant

Magna International•Mississauga, ON

About The Position

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. Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.

Requirements

Full Cycle General Ledger Accounting
Month-End and Year-End Closing
Cost Accounting & Inventory Management
Financial Reporting & Analysis
Balance Sheet Reconciliations
Cost Control & Process Improvement
Compliance & Internal Controls
Collaborative Support

Responsibilities

Record, review, and analyze all journal entries related to manufacturing operations.
Ensure completeness and accuracy of the general ledger in accordance with accounting standards.
Reconcile ledger accounts on a periodic basis to maintain data integrity.
Lead and coordinate the month-end close process, including accruals, amortizations, and inventory adjustments.
Prepare and review financial statements, ensuring compliance with corporate policies and standards.
Assist with the year-end closing procedures, including audit preparation and supporting schedules.
Monitor and analyze production costs, including labor, materials, and overhead, ensuring alignment with JIT principles.
Support inventory cycle counts, physical audits, and reconciliation of inventory accounts.
Validate inventory valuation based on JIT inventory flow and costs.
Prepare internal management reports highlighting variances and financial trends.
Support plant budgeting, forecasting, and performance analysis initiatives.
Perform detailed reconciliations of all balance sheet accounts, resolving discrepancies timely.
Maintain documentation and audit trail for all reconciliations.
Collaborate with manufacturing, procurement, and engineering to identify cost efficiencies.
Lead or participate in process improvement initiatives related to accounting or inventory management.
Ensure adherence to company policies, accounting standards, and internal controls.
Support internal and external audit activities with accurate and complete documentation.
Work closely with plant operations, supply chain, and finance teams to ensure accurate financial data.
Provide financial insights and support managerial decision-making.