Magna

Assistant Controller

Magna$100K — $120K *
Legal & Accounting
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Post-secondary Degree/Diploma in a related field.
  • Minimum 2 years related experience.
  • Accounting Designation (C.A., C.M.A., C.G.A.) required.
  • Previous supervisory experience preferred.

Responsibilities

  • Lead and manage departmental staff, setting clear goals and monitoring performance.
  • Maintain effective staffing levels and develop succession plans.
  • Create and execute an annual strategic plan aligned with company objectives.
  • Collect and analyze performance data to identify improvement opportunities.
  • Implement new processes to adapt to changing business demands.
  • Foster open communication through regular department meetings and an open-door policy.
  • Ensure financial reporting aligns with established accounting standards.

Benefits

  • Convenient location near Highway 404/400 for easy access.
  • Comprehensive medical and dental benefits.
  • Participation in profit-sharing and group RRSP.
  • Company-paid life insurance and AD&D coverage.
  • Corporate cellphone plans and employee discounts for insurance and retail.
Full Job Description

Job descriptions may display in multiple languagesbased on your language selection.

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.

Job Responsibilities:

  • Responsible and accountable to lead, manage, support and provide direction to all staff within the department through effective goals/objectives setting, performance monitoring and reviews, communication, and the execution of on-the-job training and development plans.
  • Ensure a robust department structure by maintaining effective staffing levels and creating succession plans and related employee development plans to support current and future needs. 
  • Develop and execute an annual strategic plan for the department supporting company performance objectives and industry/field related benchmarking and trends.
  • Collect, measure and monitor data related to the overall effectiveness of the department; benchmarking and analyzing these trends to establish action plans for continuous improvement (QOS process).
  • Develop and implement new processes and procedures, as needed to support changing business demands.
  • Facilitate effective two-way communication through department meetings (minimum monthly) and an Open Door philosophy.
  • Facilitate and promote a work environment based on fairness and concern for people, in accordance with the principles of the Magna Employee Charter.
  • Ensure visibility and accessibility to employees, by practicing Management By Walking Around (MBWA).
  • Accountable for department budget preparation, approval and attainment.
  • Ensure accounting practices are in accordance with Magna, Intier, GAAP, and Sarbanes-Oxley policies and requirements.
  • Responsible overall for the month end close process, including but not limited to:
  • The approval of all journal entries
  • Ensuring completeness of accruals
  • Management of all financial reporting requirements
  • Management and financial analysis of monthly financial statements.
  • Responsible for preparing weekly/month/quarterly forecasts
  • Manage the year-end closing process, which includes year-end financial statements preparation, completion of external audit file requirements and to liase with external auditors to ensure an efficient and timely year-end audit.
  • Manage the annual budget process and reporting requirements.
  • Support department managers in understanding departmental cost structures and identify and promote opportunities for improvement.
  • Identify, document, and communicate all accounting policies, procedures and standards
  • Maintain the signing authorization master list.
  • Ensure all accounting and payroll records are properly archived.
  • Management of payroll system.
  • Ensure confidentiality of all proprietary and human resources related information.
  • Overtime and travel may be required to support achievement of objectives.
  • Perform other duties as required

Qualifications and Skills:

  • Post-secondary Degree/Diploma in a related field.
  • Minimum 2 years related experience.
  • Accounting Designation (C.A., C.M.A., C.G.A.)
  • Previous supervisory experience preferred.

Salary Range: $100,000 to $120,000 annually

Vacancy Status: Immediate, open position

Site Benefits:

  • Conveniently close to Highway 404 (Newmarket) /400 (Bradford)
  • Medical and Dental Benefits
  • Profit Sharing (EEPPP) and Group RRSP Program
  • Company Paid Basic Life Insurance and AD&D
  • Corporate Plans for Roger's Cellphone Data Plan
  • Employee Discounts: Auto and Home Insurance, Retail, Restaurants, etc.

Worker Type:
Regular / Permanent

Group:

Magna Mechatronics, Mirrors & Lighting

About Magna

Magna Careers

Join Magna’s dynamic team of professionals and be part of a company that’s leading the way in automotive innovation. At Magna, we offer unparalleled job opportunities in an environment that values diversity, leadership, and growth. Work You’ll Do At Magna, we are committed to fostering an inclusive culture where every team member is empowered to contribute, innovate, and excel. We believe that diverse perspectives lead to groundbreaking ideas and better decisions. Joining our team means you’ll work alongside some of the industry’s most talented professionals, using state-of-the-art technology to create revolutionary automotive solutions. Lead in a Unique Market Position Magna stands at the forefront of the automotive industry, combining advanced technology, deep industry expertise, and a commitment to innovation that drives us forward. As a leader in our field, we offer careers that are not just jobs, but pathways to personal and professional growth. Explore Magna’s Job Opportunities Whether you’re looking for a position in engineering, design, production, or management, Magna has a place for you. Our global presence offers a wealth of opportunities for career advancement, professional development, and networking. From internships that provide real-world experience to leadership roles that challenge your skills, Magna is dedicated to helping you reach your full potential. Innovative Work Environment Magna is committed to innovation and excellence. Our team is constantly pushing the boundaries of what’s possible in the automotive world, making it an exciting place to grow your career. We encourage creativity and initiative, and we reward our employees with the benefits and support they need to succeed both professionally and personally. Be Part of a Great Team At Magna, you’ll find a collaborative environment that values teamwork and open communication. Our employees share a common goal: to lead the industry through innovation, efficiency, and sustainability. With diversity training and a focus on inclusive employment practices, Magna is a place where everyone can thrive. Future-Proof Your Career With Magna, you’re not just finding a job; you’re building a career. We offer extensive training and development programs to help you continue learning and evolving as a professional. With opportunities for advancement and a culture that promotes from within, Magna empowers you to design a career path that meets your ambitions. Stay Connected Join Our Team Search for open positions that match your skills and interests. We are always on the lookout for passionate, curious, and innovative team players. Explore the possibilities that Magna offers. SEARCH MAGNA JOBS Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Magna.
Learn more about Magna
Size
161,000 employees
Market Cap
$15.9 billion
Industry
5 Year Trend
-0.1%
NASDAQ

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