Magna

Controller, Plant

Magna • $110K — $130K *
Lancaster, OH 43130In-Person
Manufacturing & Automotive
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, Business Administration, or related field required.
  • CPA, CMA, or equivalent professional designation preferred.
  • 7-10 years of progressive finance or accounting experience in a manufacturing environment - automotive experience preferred.
  • 5 years in a leadership role in a manufacturing environment - automotive experience preferred.
  • Proficient in budgeting, forecasting, cost accounting, and financial reporting.
  • Strong understanding of manufacturing accounting and cost control principles.
  • Proficiency with SAP ERP systems and Microsoft Office applications, particularly Excel.

Responsibilities

  • Serve as a strategic business partner to the General Manager and Leadership Team.
  • Lead annual budget preparation and monthly forecasting processes.
  • Ensure accurate and timely month-end, quarter-end, and year-end financial close processes.
  • Oversee standard costing and inventory valuation processes.
  • Ensure adherence to Magna financial policies, procedures, and internal control requirements.
  • Monitor divisional cash flow and working capital performance.
  • Lead, mentor, and develop the finance team.

Benefits

  • Promotes a culture of continuous improvement and operational excellence.
  • Supports Magna's commitment to quality, safety, environmental responsibility, and customer satisfaction.
  • Opportunity for leadership development and succession planning initiatives.
  • Collaborative work environment across divisions and corporate functions.
Full Job Description
Job descriptions may display in multiple languages based on your language selection.

Position Summary

The Controller is responsible for the division's overall financial management and accounting operations. This role provides leadership and direction for all financial activities, including budgeting, forecasting, financial reporting, cost accounting, internal controls, compliance, and strategic financial analysis. The Controller serves as a key member of the Division Leadership Team and partners with operational leaders to drive financial performance, support business decisions, and ensure adherence to Magna financial policies and reporting requirements.

Key Responsibilities (these are not all-inclusive and may be modified at any time as deemed necessary)

Financial Leadership
  • Serve as a strategic business partner to the General Manager and Leadership Team.
  • Provide financial guidance and recommendations to support operational and business decisions.
  • Lead the development and execution of the division's financial strategy and objectives.
  • Promote financial awareness and accountability throughout the organization.


Financial Planning & Analysis
  • Lead annual budget preparation and monthly forecasting processes.
  • Analyze actual financial results against budget, forecast, and prior year performance.
  • Identify risks, opportunities, and trends impacting divisional profitability.
  • Prepare and present monthly financial performance reviews to divisional and corporate leadership.
  • Develop financial models and business cases to support capital investments and operational initiatives.


Accounting & Financial Reporting
  • Ensure accurate and timely month-end, quarter-end, and year-end financial close processes.
  • Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards.
  • Maintain the integrity of the general ledger and related financial systems.
  • Oversee all accounting functions, including accounts payable, accounts receivable, fixed assets, payroll accounting, and inventory accounting.
  • Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required.


Cost Accounting & Manufacturing Finance
  • Oversee standard costing and inventory valuation processes.
  • Monitor manufacturing performance, labor efficiency, overhead spending, material usage, and inventory controls.
  • Analyze product profitability and support customer quoting activities.
  • Review and validate cost savings initiatives and operational improvement projects.
  • Partner with operations to identify opportunities to improve plant financial performance.


Internal Controls & Compliance
  • Ensure adherence to Magna financial policies, procedures, and internal control requirements.
  • Maintain compliance with SOX requirements where applicable.
  • Coordinate internal and external audits and implement corrective actions as necessary.
  • Safeguard company assets through strong financial controls and risk management practices.
  • Ensure compliance with applicable federal, state, provincial, and local financial regulations.


Treasury & Cash Management
  • Monitor divisional cash flow and working capital performance.
  • Manage banking relationships and treasury activities as required
  • Optimize inventory, receivables, and payables to improve cash flow and financial performance.


Leadership & Talent Development
  • Acts with integrity, accountability, and professionalism.
  • Promotes a culture of continuous improvement and operational excellence.
  • Collaborates effectively across divisions and corporate functions.
  • Supports Magna's commitment to quality, safety, environmental responsibility, and customer satisfaction.
  • Lead, mentor, and develop the finance team.
  • Establish performance objectives and development plans for department personnel.
  • Foster a culture of accountability, continuous improvement, and employee engagement.
  • Support succession planning and talent development initiatives within the finance organization.


Key Performance Indicators (KPIs)
  • EBITDA performance versus budget and forecast.
  • Working capital and cash flow performance
  • Inventory accuracy and inventory turns.
  • Forecast accuracy.
  • Cost reduction and productivity achievement.
  • Financial close timeliness and accuracy.
  • Audit and compliance results.
  • Department employee engagement and development metrics.


Required Knowledge, Skills and Abilities
  • Bachelor's degree in Accounting, Finance, Business Administration, or related field required.
  • CPA, CMA, or equivalent professional designation preferred.
  • Minimum 7-10 years of progressive finance or accounting experience in a manufacturing environment - automotive experience preferred.
  • Minimum 5 years in a leadership role in a manufacturing environment - automotive experience preferred.
  • Experience with budgeting, forecasting, cost accounting, inventory management, and financial reporting.
  • Experience supporting operations within a high-volume manufacturing environment.
  • Strong understanding of manufacturing accounting and cost control principles.
  • Advanced financial analysis and problem-solving skills.
  • Demonstrated ability to influence and partner with cross-functional leaders.
  • Strong business acumen and strategic thinking capabilities.
  • Excellent communication and presentation skills.
  • Proficiency with SAP ERP systems and Microsoft Office applications, particularly Excel.
  • Proven leadership, coaching, and team development abilities.
  • Ability to manage multiple priorities in a fast-paced manufacturing environment.

Worker Type:

Regular / Permanent

Group:

Magna Seating

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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