Accounts ReceivableMagna International Inc. • Newmarket, ON, CA

Accounts Receivable

Magna International Inc. • Newmarket, ON, CA

6 days ago

Job type

Permanent

Job description

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

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