Controller (MML)

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Job Number : 63451

Group : Magna Mechatronics, Mirrors & Lighting

Division : Mechatronics, Mirrors & Lighting Group Office

Job Type : Permanent / Regular

Location : NEWMARKET

Work Style : About us

About us

We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility.

Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML's expertise light the path to innovation, safety and styling.

About the Role

The Controller is responsible for the review and preparation of the financial results, supporting the annual business plan and 7 year strategic plan, quarterly forecast, and the quarterly and annual financial reporting, under the policies and guidelines established by Magna.

This position will play a key role in the financial leadership of the business whilst delivering the overall agreed targets while working in close cooperation with the other team members.

Your Responsibilities

GENERAL

• Supports the finance function for the global group, ensuring the integrity of the accounting policies and standards, the financial governance of the company and the internal control environment
• Implements changes in Magna’s accounting policies and ensures existing Magna accounting policies are applied in the group
• Review the consolidated and divisional financial results, monthly / quarterly / annually vs. the budget and forecast
• Prepare month end reports for head office and group management review
• Responsible for group office reporting, including journal entry review, monthly reconciliation review, key account analysis, and variance reporting (including budget to actual analysis).
• Responsible for developing the group office budget and tracking / reporting actual spend (including periodic reviews with functional leadership), and group office fee allocations
• Liaise with the internal and external audit team during annual and quarterly reviews
• Supports the global annual business plan and 7 year plan reviews and final consolidations and related presentations
• Contribute to the overall leadership, direction setting and strategic development of the business
• Support strategic projects (i.e system conversion, restructuring, relocation, M&A, key commercial negotiation, compliance initiatives)
• Provide the VP Finance and Global Director, Finance with advice, input and counsel of a holistic business nature, operating as a high-quality business partner, initiating value adding decisions and opportunities
• Reviews performance of cash flow, working capital, capital expenditure, ROFE, financial ratios, and net cost reductions versus forecast and business plan for the global group
• Identifies foreign currency exposure by currency for a five-year rolling period, formulates and implements foreign currency strategy, places foreign currency contracts where appropriate
• Ensures system of Internal Control, documentation, and reviews are being performed
• Supports the safeguarding of assets, integrity, and accuracy of financial systems, policies and procedures, and policy enforcement
• Upholds the principles of the Magna Employee’s Charter, Magna’s Operational Principles, Magna’s Environmental Health and Safety Policy & Procedures, Magna Closures, Mirrors, and Lighting Quality Policy, Program Execution Process and Business Protocols.

Must understand and respect the laws and cultures in countries which Magna conducts business & Magna compliances

Additional duties and responsibilities as assigned

LEADERSHIP RESPONSIBILITY

• Directly manages staff of 1
• Carries out management responsibilities in accordance with Magna’s policies and applicable laws
• Responsibilities include interviewing, hiring, training and developing employees; planning, assigning, and directing work;

evaluating, rewarding and managing performance and addressing complaints

FINANCIAL & LEGAL RESPONSIBILITY

• Support a business plan of 5 billion in revenue
• Support Magna’s public company reporting requirements
• Financial and operational knowledge, as well as knowledge of regulations, policies and procedures that affect the company
• Must understand and respect the laws and cultures in countries which Magna conducts business & Magna compliances

Your preferred qualifications

EDUCATION

University degree in Finance or Accounting, with a CPA / CA designation OR equivalent

KNOWLEDGE, SKILLS, & ABILITIES

• 3+ years financial management and leadership experience for a region or a substantial BU, gained within a complex, challenging international environment, preferably in the manufacturing / automotive industry
• Experience in financial control and reporting, financial planning, audit, compliance, treasury, tax, and cash management
• Experience in managing, developing, and motivating a professional organization; in complex business in terms of divisions, brands and distribution channels

Accommodations for disabilities in relation to the job selection process are available upon request.

Candidates will be required to complete a Criminal Records Check and, if deemed necessary, a Credit Check as part of the candidate selection process.

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.

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 to comply with GDPR requirements and your local Data Privacy Law.