Senior Financial Analyst

Magna International•Aurora, ON

37d•$88,000 - $100,000

About The Position

Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain. Position Overview: This role will assist the Magna Powertrain global finance team with business planning, forecasting, and tracking of actual financial performance.

Nice To Haves

CPA designation (CGA, CMA, or CA) or equivalent
3-5 years’ experience in a global consolidation environment at a manufacturer
Knowledge of US GAAP
Consolidation & reporting experience in OneStream (OS)
Strong financial & data analysis skills
Strong computer application skills (MS Excel and MS PowerPoint)
Good verbal and written communication skills combined with interpersonal skills
Ability to travel domestically and internationally, approximately 5% of the time

Responsibilities

Responsible for monthly consolidation reports and ensure all the information reflected in OneStream (OS) accurately.
Maintain OS journal entries and load top level adjustments into OS.
Participate monthly result review with divisions, and follow-up with divisions ensure data integrity in the financial reporting system (OS).
Prepare monthly and quarterly internal and external reports requested by MPT.
Perform balance sheet review monthly/quarterly to understand major fluctuations. Mapping AR/AP aging report Working Capital Miscellaneous accrual Tooling and engineering inventory Other Assets continuity schedule
Support/train divisions’ personnel and effectively communicate with divisions for the questions and queries related to the reporting and OS.
Involve in annual review of divisions’ Controller Model File (CMF) to ensure compliance with Magna policies and accounting practices.
Update/standardize reporting templates regularly to ensure all the reports are captured the latest information/requests from MPT and Magna.
Monitor actual costs to ensure the costs within the budget/forecast, and be able to explain the improvement/deterioration at high level.
Develop standardized budget/forecast templates for operation divisions which will be used to quantify improvement/deterioration of the business over the business planning horizon at a relevant level (e.g. understand the annual impact on contribution margin of volume, givebacks/quick savings, material cost improvement/deterioration, annual labour cost increases etc.) Ensure that BP/FCST templates fulfil reporting requirements [anticipate/incorporate required inputs to minimize/eliminate additional requests of divisions]; and Ensure that base data in business plan is defined at a level that is relevant to tracking of actual results in OS.
Participate in business plan and forecast reviews with divisions and MPT. Involvement in preparation of budget and forecast presentations for MPT and Magna.
Follow Magna’s Code of Conduct and Ethics and related compliance policies.
Additional duties and responsibilities as assigned.