Job Responsibilities:Position Overview:This role will assist the Magna Powertrain global finance team with business planning, forecasting, and tracking of actual financial performance.
- Salary: $88,000 - $100,000 annually
- Immediate, open position
Key Responsibilities:- Responsible for monthly consolidation reports and ensure all the information reflected in OneStream (OS) accurately.
- Maintain OS journal entries and load top level adjustments into OS.
- Participate monthly result review with divisions, and follow-up with divisions ensure data integrity in the financial reporting system (OS).
- Prepare monthly and quarterly internal and external reports requested by MPT.
- Perform balance sheet review monthly/quarterly to understand major fluctuations.
- Mapping
- AR/AP aging report
- Working Capital
- Miscellaneous accrual
- Tooling and engineering inventory
- Other Assets continuity schedule
- Support/train divisions' personnel and effectively communicate with divisions for the questions and queries related to the reporting and OS.
- Involve in annual review of divisions' Controller Model File (CMF) to ensure compliance with Magna policies and accounting practices.
- Update/standardize reporting templates regularly to ensure all the reports are captured the latest information/requests from MPT and Magna.
- Monitor actual costs to ensure the costs within the budget/forecast, and be able to explain the improvement/deterioration at high level.
- Develop standardized budget/forecast templates for operation divisions which will be used to quantify improvement/deterioration of the business over the business planning horizon at a relevant level (e.g. understand the annual impact on contribution margin of volume, givebacks/quick savings, material cost improvement/deterioration, annual labour cost increases etc.)
- Ensure that BP/FCST templates fulfil reporting requirements [anticipate/incorporate required inputs to minimize/eliminate additional requests of divisions]; and
- Ensure that base data in business plan is defined at a level that is relevant to tracking of actual results in OS.
- Participate in business plan and forecast reviews with divisions and MPT.
Involvement in preparation of budget and forecast presentations for MPT and Magna.
- Follow Magna's Code of Conduct and Ethics and related compliance policies.
Additional duties and responsibilities as assigned.
Preferred Qualifications:- CPA designation (CGA, CMA, or CA) or equivalent
- 3-5 years' experience in a global consolidation environment at a manufacturer
- Knowledge of US GAAP
- Consolidation & reporting experience in OneStream (OS)
- Strong financial & data analysis skills
- Strong computer application skills (MS Excel and MS PowerPoint)
- Good verbal and written communication skills combined with interpersonal skills
- Ability to travel domestically and internationally, approximately 5% of the time
Worker Type:Regular / Permanent
Group:Magna Powertrain
