Sr Capital Buyer

· Remote

Location

Remote

Type

Full Time

Job Description

Magna InternationalJobs
Sr Capital Buyer

Sr Capital Buyer

Posted 7 Hours Ago
Be an Early Applicant
Novi MI USA
Hybrid
Senior level
Automotive • Hardware • Robotics • Software • Transportation • Manufacturing
Dream big. With Us. Let's create the future of mobility together.
The Role
Manage sourcing and procurement for high-complexity capital equipment tooling automation facilities and infrastructure. Lead strategic sourcing supplier selection commercial negotiations cost and ROI analysis contract management and cross-functional project support to ensure project budgets schedules and technical requirements are met.
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:
Independently manages the sourcing procurement and commercial activities associated with capital equipment tooling facilities automation and infrastructure investments in accordance with company policies and procedures. Supports engineering manufacturing operations and program teams through strategic sourcing supplier management cost analysis and project execution to achieve company objectives. Provides capital procurement expertise recommendations and direction to project teams. Generally completes the following duties and responsibilities with the support of purchasing management.
Essential Duties and Responsibilities
  • Generally assigned to high-complexity capital equipment tooling automation facilities and infrastructure projects..
  • Develops and utilizes knowledge of capital equipment markets supplier capabilities and cost structures to achieve cost reduction and investment optimization objectives through competitive sourcing market testing value analysis/value engineering (VA/VE) and total cost of ownership analysis..
  • Develops sourcing strategies for capital expenditures (CapEx) and presents recommendations to management for approval.
  • Leads commercial negotiations for capital equipment tooling facility expansions automation systems services and installation contracts.
  • Supports manufacturing operations facilities and engineering teams with sourcing activities while ensuring alignment to approved project budgets timing technical requirements and corporate purchasing strategies..
  • Prepares bid analyses and sourcing recommendations based on cost quality technical capability supplier capacity project timing and risk assessment.
  • Evaluates supplier quotations identifies cost-saving opportunities challenges supplier assumptions and negotiates competitive pricing and contractual terms.
  • Establishes pricing and commercial agreements in a timely manner and maintains all required supporting documentation.
  • Supports project teams during equipment design specification development supplier selection equipment acceptance and project implementation phases.
  • Conducts supplier capability assessments commercial evaluations and capacity reviews for capital projects.
  • Negotiates and manages engineering changes scope modifications and project-related commercial impacts throughout equipment installation and launch phases.
  • Collaborates with engineering manufacturing maintenance finance operations and project management personnel to ensure successful project execution.
  • Supports capital appropriation requests by developing cost estimates sourcing strategies and supplier recommendations.
  • Maintains accurate records of capital expenditures supplier contracts project savings and investment approvals.
  • Drives continuous improvement initiatives and cost reduction projects related to manufacturing equipment facilities and automation investments.
  • Assists purchasing management with development of presentations and business cases for executive leadership approval of capital investments
  • Supports supplier performance management activities related to quality delivery installation commissioning and warranty performance.
  • Ensures compliance with company purchasing policies financial controls and capital approval processes
  • Supports Internal/External Audit efforts regarding ISO 9001:2015 and IATF 16949 requirements applicable to capital sourcing activities.
  • Supports the requirements as detailed in Standard Operating Procedure 8000 (Quality Management System).
  • Ensures work is performed in a manner consistent with organizational health safety environmental and sustainability objectives.

Qualifications
To perform this job successfully an individual must be able to perform each essential duty and responsibility satisfactorily.
Education
Bachelor's degree (or equivalent) in Business Administration Supply Chain Management Engineering Finance or related field; or a combination of equivalent education and work experience.
Experience/Special Knowledge/Skills
Five (5) years preferred of purchasing strategic sourcing capital procurement engineering manufacturing or related experience.
Knowledge of capital equipment automation systems tooling facilities projects and industrial manufacturing processes.
Ability to apply quantitative analysis skills with a fundamental understanding of material labor burden structures and cost drivers.
Ability to evaluate and analyze equipment quotations project budgets supplier proposals and total cost of ownership.
Strong understanding of capital project management and procurement processes.
Experience with competitive bidding contract negotiation and supplier management.
Knowledge of cost reduction methodologies including VA/VE global sourcing standardization and project optimization.
Ability to interpret equipment specifications technical drawings statements of work and project schedules.
Strong financial and quantitative analysis skills including ROI payback NPV and investment justification concepts.
Working knowledge of APQP manufacturing systems automation technologies and industrial equipment procurement.
Strong communication and presentation skills both verbal and written.
Strong organizational skills and the ability to manage multiple capital projects simultaneously.
Demonstrated ability to independently solve complex commercial and project-related issues.
Proficient with word processing spreadsheet project management and database applications.
Preferred Competencies
Capital equipment sourcing
Manufacturing automation procurement
Facilities and infrastructure sourcing
Contract negotiation
Project management
Supplier development
Cost modeling and financial analysis
Investment justification and ROI analysis
Risk management
Cross-functional leadership
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

  • Bachelor's degree in Business Supply Chain Engineering Finance or equivalent education/experience
  • Experience in purchasing strategic sourcing capital procurement engineering or manufacturing
  • Knowledge of capital equipment automation systems tooling facilities projects and industrial manufacturing processes
  • Experience with competitive bidding contract negotiation and supplier management
  • Ability to perform financial and quantitative analysis including ROI payback and NPV
  • Ability to evaluate equipment quotations supplier proposals and total cost of ownership
  • Working knowledge of APQP and manufacturing systems
  • Proficient with word processing spreadsheet project management and database applications
  • Strong communication presentation and organizational skills; ability to manage multiple capital projects
  • Experience with VA/VE global sourcing standardization and cost reduction methodologies
  • Supplier capability assessment commercial evaluations and capacity reviews experience

What the Team is Saying

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Magna International Compensation & Benefits Highlights

  • Healthcare StrengthHealth 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 SupportA 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 BenefitsOfferings 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.

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Magna International Teams

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About our Teams

Magna International Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Majority of roles are hybrid with flexibility. Please speak with our recruiting team for specific details on hybrid work.

Typical time on-site: Not Specified
HQGlobal Headquarters - Aurora Ontario Canada
Bangalore Karnataka India
Graz Austria
Lowell Massachusetts
Monterrey Mexico
Munich Germany
Pune Maharashtra India
Sailauf Germany
Saltillo Mexico
US Headquarters - Troy Michigan
Learn more

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Date Posted

06/25/2026

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