Summary

This role will assist the Magna Powertrain global finance team with business planning, forecasting, and tracking of actual financial performance.

1. Salary: $88,000 - $100,000 annually
2. Immediate, open position

Key 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.

1. Mapping
2. AR/AP aging report
3. Working Capital
4. Miscellaneous accrual
5. Tooling and engineering inventory
6. 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.)

1. Ensure that BP/FCST templates fulfil reporting requirements [anticipate/incorporate required inputs to minimize/eliminate additional requests of divisions]; and
2. 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.

Preferred Qualifications:

- 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

Skills

• Analytical Thinking
• Communications Skills
• Excel
• Team Collaboration