Financial AnalystMagna International Inc. • Markham, York Region, CA
Financial Analyst
Magna International Inc. • Markham, York Region, CA
1 day ago
Job type
- Full-time
Job descriptionJob 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 : 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. Job Responsibilities : Mission of the Position : The Financial Analyst provides financial planning and analyses for the Toronto Engineering Center located in Markham, Ontario. This role involves monitoring financial data against plans, forecasts, and budgets, as well as gathering, organizing, and documenting relevant financial information. The analyst identifies trends, explains financial results, and prepares detailed reports and presentations for review by management at all levels. Additionally, they consolidate operating and financial projections to support the development of short-term andlong-term business plans. In addition, this position will assist with administration activities related to the Toronto Engineering Centre. Key Responsibilities : Accounting Receive and verify invoices and requisitions for goods and services Verify transactions comply with financial policies and procedures. Process posting of invoices and payments to Sage ACCPACC including capital purchases. Set up and post AP accrual on a monthly basis. Verify accuracy of bi-weekly payable cheque runs. Reconcile processed work by verifying entries and comparing system reports to balances. Ensuring intercompany balances are reconciled at month end and documented appropriately Charge expenses to accounts and cost centers by analyzing invoice / expense reports; recording entries. Maintain accounting ledgers by verifying and posting account transactions ensuring accuracy of GL coding. Verify vendor accounts by reconciling monthly statements and related transactions Maintain historical records by filing documents for suppliers and different projects. Protect organization’s value by keeping information confidential. Process intercompany invoices for group & engineering fees. Ensure intercompany balances are reconciled at month end Apply payments as they are received to the appropriate customer / intercompany partner. Provide support in the preparation of annual budget and quarterly forecast of the organization. Creating and submitting capital expense requests in Kepion for approval, reviewing and updating capital purchase information regularly. Preparing and analyzing financial data of Toronto Engineering Centre in CMF binders for September Hard close and December Roll forward. Conducting month end closing – creating, reviewing, and posting journal entries, reconciliations, creating j-Level journal entries in HFM / OneStream, confirming balances with divisions. Analyzing and presenting monthly performance data during operational reviews. Analyzing BP / Forecast and presenting updated information during monthly Proforma reviews. Tracking and reviewing of NA finance KPIs (CAPEX, Absorption, EBIT, Headcount, project spending, etc.) Special projects and / or duties as assigned. Engineering Office Administration Assist Engineering staff in maintaining up to date cost summaries for each project. Prepare Monthly, Quarterly and Year-end reports of department spending by program and non-program areas with comparison to budget. Assist in the financial preparation of reports for special programs such as COCA and SR&ED. Track cross border internal charges and the cost of engineering services provided to divisions in different countries. Assist in keeping the Dovico system up to date and accurate, as well as pull reports from the system for individual programs, individuals and the overall department. Assist Engineering staff in obtaining quotations for outsourced services and components as required. Work with engineering personnel and suppliers to ensure correct invoices and receiving documentation are received, reviewed, and filed. Track and verify accuracy for all expense reports including back up documents for the department prior to submission. Tracking and consolidating Key Measurement Indicators (KMI’s). Provide administration support and coordination for the ISO / IATF process as required. Track project hours, external costs for projects and comparing them to the budget and forecast. Explain variances as required. Coordinate delivery and pickup of test samples and components as needed. Follow Magna’s Code of Conduct and Ethics and related compliance policies. Additional duties and responsibilities as assigned. Customers and Business Interfaces Engineering Personnel Engineering Business Office Group Office Finance External Suppliers The above is intended to describe the key internal / external customer or supplier groups of this position. Requirements and Qualifications : Business or Accounting Diploma from Community College or equivalent. Minimum two years’ experience in an office environment with responsibility for various finance, accounting and administrative tasks. Effective written and oral communication skills, strong organizational ability. Proficient in Excel, Word, PowerPoint, Outlook and Accpac (or similar accounting software). Ability to effectively collaborate with various personnel including engineering, accounting, management, and suppliers. Ability to proactively solve problems and assertively deal with issues within area of responsibility. Health & Safety / Magna Standards / Additional Requirements Practice and maintain integrity while following Magna’s Charter and Constitution. Follow Magna’s Code of Conduct and Ethics and related compliance policies. Supports and adheres to policies, procedures, and operational guidelines related to established quality management system (IATF). Create a positive work environment by demonstrating and sharing functional / technical knowledge. Develop and maintain a responsive and cooperative working relationship with internal and external customers. Treat everyone with dignity, trust and respect. Drive the development of new technologies to improve quality, efficiency and reduce cost. Complete additional duties and responsibilities as assigned. Understand applicable Environmental, Health & Safety policies and procedures in the workplace. Report injuries, accidents, illnesses, near misses, property damage to your supervisor / manager and / or a JHSC member immediately. Follow safety rules as specified in the Employee Handbook. Comply with requirements for the use or operation of machines or equipment. Work in compliance with the OSHA Section 28, Subsection (1) (a), (b), (c), and (d). The above is intended to describe the requirements for the performance of this position. It is not to be construed as an exhaustive statement of requirements and qualifications. ## 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,
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Financial Analyst • Markham, York Region, CA
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