Financial Analyst

Job Number: 54139
Group: Magna Electronics
Division: Magna Electronics Auburn Hills
Job Type: Permanent/Regular
Location: HOLLY
Group Description
Magna's ADAS technologies are shaping an autonomous future and improving lives.
Full autonomy is coming. But to create the technology which will bring it into view, you need the desire and ability to adapt complete ADAS systems or modular solutions to any vehicle, for any mobility need.
Magna's electronics solutions connect OEMs to their customers with features that improve their lives. It's our expertise across the entire vehicle, key strategic partnerships and culture of innovation that allow us to make our industry-leading technologies road-ready. And it is how we'll continue to build a safer, smarter and more connected mobility experience for all people.
Role Summary
The Financial Analyst (FA) is a key member of the program cross-functional team (CFT). They are the key point of contact for all program financial metrics for the program lifecycle from award of business to end of life. They act as a business partner to the Program Manager and CFT. The FA supports decision making through monitoring of financial KPIs and ensuring decisions are data driven with the goal of improving program financials.
Key Responsibilities

• Business Partner to the CFT for designated programs, and responsible for all financial activities on these programs, and responsible that all financial activities on these programs, as reflected in the Financial Panel charts, are well managed. These activities include, Product Design & Development (PDD) costs, production parts, tooling, prototypes, pre-production costs and program specific capital
• Coordinates the receipt of all program costs required for quote capital, and review the latter for reasonableness
• Maintains production part costs throughout the program life
• Maintains and updates all cost forecasts in order to accurately project timing of engineering and capital (tooling & equipment) spend
• Maintains sell price trackers and calculate sales accruals monthly for production parts. Monitors price giveback status as well as tooling and engineering amortization tracking
• Support accounts receivable team in the resolution of pricing discrepancies that arise from incorrect pricing, currency, effective dates, and quantities
• Maintain Cost Reduction Roadmaps with the view of improving contribution margin and supporting CFT priority setting
• Maintain management status reports for product design & development (PDD) costs, production parts, prototypes, tooling and pre-production costs for assigned programs. Presents Program dashboard at Program and Executive reviews
• Review and approve all cost changes that are made to ERP that affect program costs
• Develop fiscal program sales and cost of sales budgets based on Magna planning volumes in support of Quarterly Forecast and Business planning process

Key Qualifications/Requirements

• 4-year college degree, preferably in business or finance
• At least 2 years in costing or finance positions
• Microsoft Office Programs - intermediate level
• Microsoft Excel - expert level
• Able to work effectively in a global environment
• Able to work effectively with cross functional teams
• Excellent communication skills
• Critical analysis skills
• Commercial awareness
• Strong interpersonal skills - Position interacts with all levels of the organization

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.
Nearest Major Market: Detroit