Senior Financial Analyst

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:
The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.
Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.
Job Responsibilities:
POSITION SUMMARY:
The Senior Financial Analyst ensures the timely and accurate completion of monthly, quarterly, and yearly close of multiple entities and ensures all deadlines are met.
ESSENTIAL DUTIES & RESPONSIBILITIES:
- Financial Reporting Prepare internal management financial reports and financial analyses as required on weekly, monthly and quarterly basis.
- Financial Analysis• Secure approval on capital expenditures, as necessary• Assist the Director of Finance with preparation of annual business plan and quarterly reviews.• Assist in preparing annual consolidated business plan and quarterly presentations to Magna Corporate Management with Director of Finance and VP Finance.• Prepare ad hoc financial presentations for VP Finance.
- Preparing and reviewing top-side journal entries for North America, including all equity-related transactions, capital infusions, and dividends.
- Perform monthly closing checks for NA divisions. This includes Fixed Assets, Asset Disposals, Intangible Assets, Other Assets, Deferred Revenue, Pension, RMB, Equity transfers, Sales by customer, VADD, and Intercompany out-of-balance checks.
- Assist in the preparation of quarterly deliverables to Magna Corporate, including Fixed Asset, Intangibles, Investments, Long Term Debts, Other Assets, Head Counts, Social Contributions, Judgmentals, Wins and Losses schedules.
- Gathering, analyzing, and consolidating financial information from divisions into a single, consolidated set of financial statements and reporting to Management, including Quarterly and Year End Deliverables for Magna International.
- Load Budget and Forecast files for adjusting entities (mainly North American) to OneStream
- Understanding of foreign currency translation and currency effects.
- Assist in preparing annual audits, internal control, US regulatory reporting, and Sarbanes-Oxley compliance.
- Some travel may be required
The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Skills/Special Knowledge
Bachelor's degree in accounting is required. CPA Accounting designation preferred. MBA or other Master's degree is a plus.
Good working knowledge and familiarity with Solomon (Microsoft Dynamics accounting software) / Acc Pac / SAP / HFM / OneStream preferred. Knowledge of SmartView or Quick View is a plus.
Experience using Hyperion Financial Management (HFM) or OneStream preferred.
Experience in technical accounting and strong understanding of US GAAP accounting, audit, and consolidation procedures
Strong analytical and problem-solving skills. Proven ability to prioritize multiple tasks, ensuring that deadlines are met, effective organizational skills and must be detail oriented.
Excellent communication skills both written and verbal. Strong degree of initiative and judgment. Automotive experience preferred. Comfortable working individually, or with a team, in a fast-paced, deadline driven environment.
Experience - At least 5 years of public or corporate accounting experience is strongly preferred. Excellent knowledge of Excel and Word.
Physical Demands/Work Environment - Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer. Minimal travel.
KEY BEHAVIORAL TRAITS FOR SUCCESS:
1. Business Acumen: Able to focus on delivering services in a way that enhances / maximizes profitability; ensure that team delivers service in a way that brings out the organization's value and competitive advantage; educate team on important developments within the organization; discuss relevant industry developments with team.
2. Entrepreneurial Drive for Results: The ability to find creative solutions and generate results in a dynamic market environment. Need to have a strong sense of urgency and the ability to infuse that in others.
3. Influencing & Communication Skills: Keen listening, open-mindedness, and strong interpersonal skills so that necessary alliances with internal & external groups can be forged and developed quickly. Comfortable communicating both formally and informally with senior executives and communicate openly and equitably with peers & subordinates throughout Magna Exteriors & customer organizations.
4. Technical / Functional Understanding: Able to serve as a source of technical / functional issues & perspective to others; demonstrate a breadth of technical/functional knowledge outside of core specialty; provide others with opportunities for technical growth; develop the technical competence of others as a way to achieve results; hold people accountable for technical excellence.
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.
Worker Type:
Regular / Permanent
Group:
Magna Exteriors