Financial Analyst

Magna International

Financial Analyst

Posted 6 Hours Ago

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Lancaster OH USA

Hybrid

Senior level

Automotive • Hardware • Robotics • Software • Transportation • Manufacturing

Dream big. With Us. Let's create the future of mobility together.

The Role

Prepare and maintain accurate accounting records for tooling fixed assets and program-related POs; perform reconciliations journal entries variance analysis support month-end close and assist controllers with forecasts and audits.

Summary Generated by Built In

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What we offer:
At Magna you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees providing them with the support and resources they need to succeed. As a member of our global team you can expect exciting varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures mechanisms and hardware as well as foam and trim products for global automotive heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research finding the ease of operation to be comfortable convenient and connected.
Job Responsibilities:
What we offer:
At Magna we invest in our employees providing them with the support and resources they need to succeed. As a member of our global team you can expect exciting varied responsibilities as well as a wide range of development prospects because we believe that your career path should be as unique as you are.
Benefits:
• Medical/Dental/Vision/Prescription
• Short and Long term disability
• Company paid life insurance and AD&D coverage
• 401k with a company match
• Flexible Spending Account
• H.S.A (with qualifying medical plan)
• Profit Sharing (after 2 years service)
• Plant Quarterly Bonus opportunity
• Safety Shoe Allowance
• Vacation (based on length of service)
• 10 Paid Holidays
• 3 Paid Personal Days 1 sick day
• Tuition Reimbursement
• Magna Family Scholarship Program
Group Summary:
Magna is an innovative leader in the development and manufacturing of high-quality complete seating systems. Our solution includes seating structures mechanisms and hardware as well as foam and trim products for global automotive heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research finding the ease of operation to be comfortable convenient and connected.
REQUIRED SKILLS/EXPERIENCE

Professional accounting designation (CMA CGA CPA or CA)
A minimum of five (5) years post qualification experience in accounting in a manufacturing setting
Experience in automotive manufacturing is an asset.
Practical relevant experience with Microsoft Office.
Good math skills and the ability to analyze data.
Strong listening and communication (verbal and written) skills.
Attention to detail and strong organizational skills.
Ability to work well in a fast paced environment and with a variable workload (flexible hours).
Ability to understand anticipate and follow direction while exercising maturity of judgement.
Must be able to interact effectively with other team members.
Ability to maintain confidentiality and use discretion and tact.

DUTIES:

Complete accurate and consistent accounting records
Adherence to Government and Corporate policies and procedures
Perform banking functions and bank reconciliations as required
Review all capital expenditures to ensure proper account code distribution
Maintain monthly fixed assets addition schedule and all supporting documents
Maintain monthly tooling and analysis reconciliation schedule
Maintain manage track and update program related Purchase Orders and cash disbursements related to programs
Update the program proforma income statements as required
Reconcile balance sheet accounts related to tooling inventory fixed assets and prepare journal entries periodically
Support engineering and program managers with various tasks such as entering requisitions
Responsible to review and analyze various cost accounts and prepare required journal entries for month end close
Prepare and input journal entries into the general ledger related to tooling and fixed assets
Prepare various variance analysis actual versus budget and forecast
Work closely with AR and AP team to ensure all invoices related to tooling programs are prepared on time and fully supported
Prepare update and fully understand various Microsoft excel spreadsheets for various analysis and reconciliations
Assist the Controller and Assistant Controller in the preparation of the financial section of the business plan and the periodic forecast along with tasks related to audits
Perform miscellaneous other accounting functions as requested by the Assistant Controller and Controller
Other duties as required.

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 or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
AI-Assisted Screening Disclosure
As part of our commitment to a fair consistent and efficient recruitment process we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.
Under conditions defined by applicable law you may have the right to request an explanation of how AI is used to support decision-making.
If you have any questions or concerns about this process feel free to contact our Talent Attraction team.
Worker Type:
Regular / Permanent
Group:
Magna Seating

Skills Required

Professional accounting designation (CMA CGA CPA or CA)
A minimum of five (5) years post qualification experience in accounting in a manufacturing setting
Experience in automotive manufacturing is an asset
Practical relevant experience with Microsoft Office
Good math skills and the ability to analyze data
Strong listening and communication (verbal and written) skills
Attention to detail and strong organizational skills
Ability to work well in a fast paced environment and with a variable workload (flexible hours)
Ability to understand anticipate and follow direction while exercising maturity of judgement
Must be able to interact effectively with other team members
Ability to maintain confidentiality and use discretion and tact

What the Team is Saying

Magna International Compensation & Benefits Highlights

Healthcare Strength—Health coverage includes medical dental and vision in the U.S. with wellness and mental‑health support through an Employee & Family Assistance Program; some locations are highlighted as offering “exceptional” coverage. This signals solid core protection across major health needs.
Retirement Support—A 401(k) with company match profit‑sharing and pension/other long‑term programs are cited and company materials confirm ongoing company‑funded retirement and benefit obligations. This indicates substantive long‑term financial support beyond base pay.
Wellbeing & Lifestyle Benefits—Offerings include FSAs/HSAs disability and life insurance wellness programs and discounts such as pet/auto insurance and retailer perks. Flexible schedules hybrid/remote options tuition reimbursement job training and conferences broaden work‑life and development support.

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The Company

HQ: Aurora Ontario

171000 Employees

Year Founded: 1957

What We Do

We are a mobility company that innovates like a start-up and thinks like a technology company. This helps us anticipate change in one of the most complex industries in the world and respond quickly. We depend on a team of 171000 dynamic entrepreneurial-minded employees in an environment where great ideas flourish. Our presence spans 343 manufacturing operations and 88 product development engineering and sales centers in 29 countries. We understand that you need a career as unique as you are. Whether you want to advance your existing expertise or try something completely different we are committed to your growth.

Why Work With Us

At Magna our engineering team is advancing mobility for everyone and everything. Joining this team means being a part of the design development and manufacturing of the world’s most advanced mobility technology. Innovations that move families shape communities and improve lives. You can follow your passions and shape your own career path.