Magna

Controller

Magna • $125K — $155K *
St Thomas, ON N5P 1A1In-Person
Manufacturing & Automotive
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • CPA certification mandatory
  • 5+ years in a manufacturing environment
  • 3+ years of leadership experience
  • Familiarity with integrated financial/manufacturing software
  • Experience with SAP required

Responsibilities

  • Maintain adherence to Magna Minimum Controls Guidelines
  • Support continuous improvement in finance processes
  • Safeguard financial documents and maintain confidentiality
  • Ensure accuracy of the general ledger accounting system
  • Audit compliance for internal and external standards
  • Analyze month-end financial results and present to leadership
  • Manage and track operational costs and inventory systems

Benefits

  • Weekly pay via direct deposit
  • 2 weeks vacation (3 weeks after 3 years) + holidays
  • Medical and dental benefits after 1 month
  • 3% retirement savings contribution weekly
  • Profit sharing in the second quarter
  • Company-paid life and AD&D insurance
  • Subsidized cafeteria offerings including free beverages
  • Education assistance opportunities
  • Employee discounts on various services and products
  • Participation in community service and CSR initiatives
Full Job Description
Job Responsibilities:

POSITION SUMMARY:

The Controller is responsible for supporting both the Department Leader and the Assistant Department Leader by overseeing all Finance functions. The Controller is expected to maintain adherence to the Magna Minimum Controls and is responsible for employees in finance and accounting functions. The Controller will have excellent presentation, motivational and team building skills and balance multiple tasks in a fast-paced manufacturing environment with a positive attitude.

This position has been posted to fill an existing vacancy.

POSITION SALARY

$125,000 - $155,000 CAD Annually

This range reflects only the base salary and does not include other components of our total compensation package, such as bonuses, the Continuous Improvement Program, GRRSP Matching, MBC Program, and other variable benefits.

WHO WE ARE LOOKING FOR:
  • Must poses a CPA.
  • Minimum 5 years of experience in a manufacturing environment.
  • Minimum 3 years of leadership experience.
  • Experience with integrated financial / manufacturing software packages and SAP.


DUTIES & RESPONSIBILITIES:
  • Adhere to Magna Minimum Controls Guidelines
  • Provide future development/direction for department (continuously improve processes).
  • Safeguard all financial documents and keep all financial matters private and confidential.
  • Responsible for maintaining the accuracy and integrity of the general ledger accounting system.
  • Protect the assets of the company by continual review and awareness of internal control issues, with appropriate recommendations for improvements.
  • Ensure SOX guidelines are adhered to.
  • Analyze and approve all general ledger reconciliations to ensure compliance with both internal and external audit tests as required.
  • Analyze and present month end financial statement package to senior leadership
  • Analyze monthly actual results compared to budget and forecast. Investigate variances and make recommendations to improve operations.
  • Prepare periodic reports for management and corporate requests.
  • Ensure an accurate cost tracking and allocation system for the plant is maintained. Ensure the accuracy and integrity of the costing and inventory systems.
  • Ensure proper approval, recognition, tracking and safeguarding of capital assets.
  • Monitor accounts receivable/payable ensuring that all amounts are collected/paid on a timely basis.
  • Ensure the timely and accurate payment of all payroll and related benefits.
  • Oversee the recognition of tool revenue/expense/profit.
  • Oversee the preparation of the annual financial budget, 7-year plan and monthly forecasts.
  • Ensure all department deliverables meet the required deadlines.
  • Liaison with internal and external auditors to ensure compliance and complete year end working papers.
  • Be involved in ongoing continuous improvement efforts, to improve timeliness and accuracy of information reporting, and minimize the use of company resources.
  • Establish and ensure the Formet Business Plan and Departmental Goals and Objectives are met (People, Investor, Customer)
  • Develop and support departmental succession plans.
  • Develop programs for record retention, continuous improvement, build standards and job training.
  • Participate in the creation and implementation of clearly defined rules of conduct and communications.
  • Lead the Finance team and ensure their development by monitoring their performance, providing feedback, mentoring and coaching.
  • Attend meetings with Department Leaders, Steering Team, and extended Steering Team.
  • Perform other duties as designated.


SALARY TEAM MEMBER BENEFITS:
  • Weekly pay via direct deposit.
  • Vacation entitlement: 2 weeks of paid vacation (3 weeks after 3 years) + 4 company paid holidays + 2x ½ days = 15 days annually.
  • Medical and dental benefits after 1 month of employment.
  • Free on-site counselling.
  • Magna will contribute an amount equal to 3% of regular earnings every week to your retirement savings (MBC program).
  • Profit sharing paid in the second quarter of every year (EEPPP Program).
  • Matched GRRSP.
  • Company paid life insurance and accidental death and dismemberment (AD&D).
  • Optional group life insurance and critical illness insurance for self and spouse.
  • Safety shoe, prescription safety glasses and custom molded earplug allowance.
  • Company BBQ, holiday parties and company events.
  • Corporate social responsibility initiatives - 6k for water walk, support local charities (Hospice of Elgin, Adopt a Family (12 in total), STEGH), Children's Health Foundation and many more).
  • Magna Service Award Program.
  • Roger's and Bell cellphone data plan available - as low as $50/month!
  • Subsidized cafeteria with daily specials including hot vegetarian options - we are known for our amazing cafeteria! Free coffee, juice, and tea.
  • Educational Assistance Program.
  • Employee discounts: new vehicles, amusement parks, etc.
  • Plant-wide continuous improvement program: 2025 bonus = $1930
  • You get to work with a FANTASTIC Team! One Team, One Formet!


Worker Type:

Regular / Permanent

Group:

Cosma International

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
Manufacturing & Automotive
5 Year Trend
-0.1%
NASDAQ
MGA
* Ladders Estimates

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