Senior Corporate Accountant

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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:

The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.

Job Responsibilities:

POSITION SUMMARY:

The Senior Accountant ensures the timely and accurate completion of monthly, quarterly, and yearly close of ESE project-based accounting for engineering projects in CAS (Cost Accounting System).

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Maintain the Engineering projects in CAS (Cost Accounting System) and provide financial information to Engineer managers. 

• Setting up projects, keeping track of Engineer hours, and ensuring timely approval of their timesheets.

• Review monthly activity reports for accuracy and prepare the monthly invoices with supporting documents.

• Prepare monthly project reconciliations, account analysis, and journal entry preparations.

• Prepare and maintain WIP and engineering labor and after-closing hours reports.

• Prepare contract labor and book necessary accruals for month end.  

• Resolve any discrepancy in hours, timesheets, and department numbers.  Make necessary adjustments in a journal entry booked for each department. 

• Analyze project status reports and develop action plans for variance, including the review of unbilled and deferred revenue.

• Prepare and maintain transfer tax schedules. 

• Prepare accurate departmental financial statements. 

• Assist with month-end and year-end closing processes.

• Prepare and distribute necessary financial reports to program managers for review.

• Assist with the ESE engineering budget and forecasts.

• Support and prepare various account reconciliations.

• Various other general accounting duties as they are needed.

• Perform other duties as may be assigned by the group’s management team.

The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education - Bachelor’s Degree in Accounting required.

Experience/Special Knowledge/Skills

• Minimum 5+ years of working experience in a public or large corporate accounting role is required.

• Experience with SAP (FI, CO, and WBS element) is preferred.

• Experience using HFM or OneStream is preferred, but not required.

• Experience in accounting for R&D and project accounting is a plus.

• Proficiency in Microsoft Excel.

• Strong analytical and problem-solving skills. Proven ability to prioritize multiple tasks, ensuring that deadlines are met.

• Must possess exceptional communication skills, oral and written.

• Excellent organizational and interpersonal skills along with a strong sense of time management and problem-solving abilities.

• Must have the ability to work independently with minimal supervision while under pressure of deadlines and provide a high degree of accuracy.

• Must be a team player, highly motivated, experienced in working with a high degree of confidentiality, discretion, and integrity in