Talent.com
Accounts Receivable
Accounts ReceivableMagna International, Inc • Newmarket, ON, Canada
No longer accepting applications
Accounts Receivable

Accounts Receivable

Magna International, Inc • Newmarket, ON, Canada
8 days ago
Job type
  • Permanent
Job description

Job Description

Job Description

What we offer :

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.

Job descriptions may display in multiple languages based on your language selection.

What we offer :

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.

Group Summary :

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.

Job Responsibilities :

General :

  • Immediate, open position
  • Starting at $52,000

Daily Accounts Receivable Processing :

  • Review and post daily customer payments in SAP.
  • Verify accuracy of daily customer invoicing. Investigate and analyze payment receipt discrepancies and determines the appropriate actions required to resolve issues
  • Issue Customer Debit and Credit notes with applicable documentation and ensure appropriate approval is obtained
  • Issue manual invoicing for non-production sales and perform all necessary administrative processes on a as needed basis
  • Maintain tracking and ensure appropriate internal approvals for customer quality charge-back and deductions
  • Review and maintain AR aging and perform collection activities, as required
  • Support the weekly cashflow forecasting by providing the Assistant Controller with analysis and customer payment receipt scheduling expectation
  • Review and monitor banking and lockbox activity and redirect information to relevant accounting function
  • Contract Review of customer price changes and retro calculations and corresponding debit / credit memos
  • Maintain filing system for all debit and credit memos
  • Maintain warranty binder
  • Prepare and perform bank deposits, as required
  • Daily Accounts Payable Processing :

  • Assisting in the following job functions :
  • Enter production and non-production supplier invoices
  • Code expenses and cross reference freight bills
  • Check accuracy of invoice calculation, assign account numbers for General Ledger, distribute and investigate all discrepancies / variances
  • Acquire approval signatures from specific Departmental Managers according to predetermined criteria
  • Ensure all invoices are approved by appropriate person before payment is processed
  • Ensure time sensitive payables are paid by the appropriate due dates to avoid late payment penalties
  • Verify expense reports, coding to correct accounts
  • Prepare cheques, wires and EFT for payments
  • Maintain accurate sub-ledger of Accounts Payable liability
  • Maintain supplier debit log
  • Respond to supplier Accounts Payable inquiries and reconcile supplier statements
  • Match invoices to PO's, receiving slips and / or packing slips before entry of non-production invoices
  • Enter Debit and Credit memos in SAP
  • Complete and maintain payment registers
  • Maintain filing system for all paid and unpaid invoices
  • Archive paid invoices on an annual basis
  • Check all statements for cleared debit memos and update log
  • Obtain vendor statements on a monthly basis
  • Vendor reconciliations for top 80% to be completed at month end
  • Verify expense reports, coding to correct accounts for billing to other divisions
  • Perform miscellaneous other accounting functions as requested by the Assistant Controller or Controller
  • Month-end responsibilities :

  • Perform month-end reconciliation of all accounts receivable balances, both external and intercompany
  • Ensure and enforce appropriate sales cutoff as part of month-end processes. This involves resolving any out of sequence shipments and zero-dollar invoice investigation with materials / shipping department.
  • Ensure month-end reconciliation documentation is completed in time for review
  • Financial reporting pertaining to all accounts receivable balances
  • A / R General Responsibilities :

  • Ensure, with cooperation of other Cam-Slide departments
  • Ensure enforcement of Customer Specific Requirements and Quality Management System without compromising either Cam-Slide or its' customers
  • Initiate and / or participate in continuous improvement activities
  • Attend authorized training in order to develop and / or maintain relevant job-related knowledge, techniques, skills, and / or certification
  • Follow all department standardized work instructions / procedures
  • Other reasonable duties required by the Assistant Controller or Controller
  • Skills and Qualifications :

  • Completion of post-secondary education.
  • 1-5 years' experience in accounting with focus in Accounts Receivable
  • SAP and Automotive Industry experience is strongly considered an asset
  • Experience with an integrated ERP system environment is essential
  • Proficient with Excel and MSOffice software tools
  • Demonstrates strong attention to detail and excellent organizational skills
  • Demonstrates well developed communication, organizational, interpersonal and analytical abilities
  • Demonstrates ability to work independently with minimal supervision
  • Awareness, Unity, Empowerment :

    At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.

    Notice regarding the use of AI :

    As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system.

    These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team.

    Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.

    If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.

    Worker Type : Regular / Permanent

    Group : Magna Seating

    Create a job alert for this search

    Accounts Receivable • Newmarket, ON, Canada

    Similar jobs
    Manager, Accounts Receivable

    Manager, Accounts Receivable

    AccorCorpo • Toronto, ON, Canada
    Full-time
    We are worldwide Augmented Hospitality leaders, the best at what we do.Heartists is what we call ourselves, generous, passionate, attentive and free, whether we are welcoming guests, connecting wit...Show more
    Last updated: 30+ days ago • Promoted
    Accounts Receivable Clerk

    Accounts Receivable Clerk

    Schroeder Ambulatory Centre • Richmond Hill, ON, Canada
    Full-time
    Overview and Purpose of the Role.Reporting to the Director of Finance, this role is responsible for managing the complete Accounts Receivable function, ensuring timely billing and collection of rev...Show more
    Last updated: 30+ days ago • Promoted
    Accounts Receivable Analyst (Collections)

    Accounts Receivable Analyst (Collections)

    CDW • Toronto, ON, CA
    Full-time
    Quick Apply
    At CDW, we make it happen, together.Trust, connection, and commitment are at the heart of how we work together to deliver for our customers. It’s why we’re coworkers, not just employees.Coworkers wh...Show more
    Last updated: 2 days ago
    Coordinator, Accounts Receivable

    Coordinator, Accounts Receivable

    RioCan Real Estate Investment Trust • Toronto
    Full-time
    For over 30 years, our entrepreneurial mindset and strategic vision have fueled our growth into one of Canada’s largest and most successful REITs. Our retail-focused and mixed-use portfolio reflects...Show more
    Last updated: 8 days ago • Promoted
    Accounts Payables and Receivables Administrator- Mercedes-Benz Toronto Queensway (25498)

    Accounts Payables and Receivables Administrator- Mercedes-Benz Toronto Queensway (25498)

    Zanchin Auto Group • Toronto
    Full-time
    Accounts Payables and Receivables Administrator.Mercedes-Benz Toronto Queensway.Zanchin Automotive Group, a privately-owned network of 35+ successful dealerships that welcomes talent and enthusiasm...Show more
    Last updated: 4 days ago • Promoted
    Customer Service Agent - 50k-60k / Year - Remote

    Customer Service Agent - 50k-60k / Year - Remote

    Spade Recruiting • Georgina, Ontario
    Remote
    Full-time
    Quick Apply
    We’re looking for enthusiastic, self-driven, individuals to assist existing and prospective clients within our organization. This position will work with multiple clients throughout the day pr...Show more
    Last updated: less than 1 hour ago • Promoted • New!
    Accounts Receivable Solutions Specialist

    Accounts Receivable Solutions Specialist

    PureFacts Financial Solutions • Toronto
    Full-time
    PureFacts is a global leader in revenue management, client reporting, and data-driven solutions for the wealth and asset management industry. Our mission is to empower financial services firms with ...Show more
    Last updated: 8 days ago • Promoted
    Accounts Payable Manager

    Accounts Payable Manager

    Klick Health • Toronto, ON, Canada
    Full-time
    The Klick Group—comprising Klick Health (including Klick Katalyst and btwelve), Klick Media Group, Klick Applied Sciences (including Klick Labs), Klick Consulting, and Klick Ventures—is...Show more
    Last updated: 17 days ago • Promoted
    Delivery Driver - Receive 100% of Customer Tips

    Delivery Driver - Receive 100% of Customer Tips

    DoorDash • STOUFFVILLE, Ontario, CA
    Full-time
    Available in over 100 cities in Canada, DoorDash connects local businesses and local drivers (called Dashers) with opportunities to earn, work, and live. All you need is a mode of transportation (bi...Show more
    Last updated: 2 days ago • Promoted
    Product Manager, Accounts Receivable

    Product Manager, Accounts Receivable

    Zone & Co • Toronto, ON, Canada
    Full-time
    Zone & Co is on a mission to empower finance professionals to drive strategic growth through seamless, intelligent operations. We build cloud-native software solutions on Oracle NetSuite, automa...Show more
    Last updated: 8 days ago • Promoted
    Accounts Payable / Accounts Receivable Clerk

    Accounts Payable / Accounts Receivable Clerk

    APT & Solid GC • Richmond Hill, ON, Canada
    Full-time
    Job Title : Accounts Payable / Accounts Receivable Clerk.Company : All Professional Trades.Location : 66 Leek Crescent, Richmond Hill, ON. Job Type : Full-Time On-site, 8 : 00AM to 4 : 00 PM.Salary : $45,000...Show more
    Last updated: 30+ days ago • Promoted
    Accounts Payable / Receivable Specialist

    Accounts Payable / Receivable Specialist

    Global Industrial Company • Richmond Hill
    Full-time
    For over 70 years Global Industrial has been an industry leader providing private label and brand name industrial equipment and supplies to businesses throughout North America.We carry over one mil...Show more
    Last updated: 8 days ago • Promoted
    Accounts Receivable Specialist Dilawri Group of Companies - Ontario Region Mississauga, ON

    Accounts Receivable Specialist Dilawri Group of Companies - Ontario Region Mississauga, ON

    Dilawri Group of Companies • Toronto
    Full-time
    WANT TO WORK for one of Canada’s Best Managed Companies?.Dilawri Group of Companies is now actively searching for a detail-oriented and organized. Accounts Receivable (AR) Specialist.National Head O...Show more
    Last updated: 8 days ago • Promoted
    Arithmetic Private Tutoring Jobs Hawkestone

    Arithmetic Private Tutoring Jobs Hawkestone

    Superprof • Hawkestone, Canada
    Full-time +1
    Superprof is Canada's #1 tutoring platform, and we're actively recruiting passionate tutors! Whether you're a student, a professional, or simply someone who loves teaching, join the largest communi...Show more
    Last updated: 30+ days ago • Promoted
    Accounts Payable Manager

    Accounts Payable Manager

    Classic Fire + Life Safety • Toronto, ON, Canada
    Full-time
    Thank you so much for considering our company in your career search! Classic Fire + Life Safety is a leader in the fire protection and life safety industry because of our talented, knowledgeable, a...Show more
    Last updated: 2 days ago • Promoted
    Accounts TSR (Hybrid)

    Accounts TSR (Hybrid)

    Zensurance • Toronto
    Full-time
    Zensurance is redefining commercial insurance for Canadian businesses.As a leading InsurTech, we make getting the right coverage simple, fast, and accessible through a digital-first experience.Our ...Show more
    Last updated: 8 days ago • Promoted
    Accounts Payable Manager

    Accounts Payable Manager

    Vaco by Highspring • Aurora, Ontario, Canada
    Permanent
    Lead all AP operations across regions, vendors, and systems.Ensure timely and accurate invoice processing and payment execution. Be accountable for daily results; this is not a passive oversight rol...Show more
    Last updated: 8 days ago • Promoted
    Vice President, Client Financial Services ( account receivable)

    Vice President, Client Financial Services ( account receivable)

    Livingston International • Toronto, Canada
    Full-time
    The Vice President, Client Financial Services (CFS) provides global strategic and operational leadership for Livingston International’s credit and collections function. This role develops and execut...Show more
    Last updated: 16 days ago • Promoted