Sr. Financial Analyst

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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 Financial Analyst ensures the timely and accurate completion of monthly, quarterly, and yearly close of multiple entities and ensures all deadlines are met.

ESSENTIAL DUTIES & RESPONSIBILITIES:

-  Preparing and reviewing journal entries for global consolidations, including all equity related transactions, capital infusions, and dividends.

-  Assist in preparation of budget, quarterly forecasts, and quarterly review meeting (QRM) presentation to Magna Management.

- Perform monthly closing procedures for multiple Group Office entities. This includes reporting variances to budget, latest forecast and prior year

-  Gathering, analyzing, and consolidating financial information from divisions into a single, consolidated set of financial statements and reporting to Management, including Quarterly and Year End Deliverables for Magna International.

-  Perform various checks related to monthly consolidations, including monthly top-side journal entries.  Support global locations with questions/requests related to their monthly close.  

-  Prepare Budget and Forecast support files for Group Office as well as the One Stream load files.

- Understanding of foreign currency translation and currency effects.

- Assist in preparing annual audits, internal control, US regulatory reporting, and Sarbanes-Oxley compliance.

-  Code, record, and obtain proper approval for transactions, especially intercompany transactions between divisions, Exteriors Group Offices, and Magna head office and/or other Magna Groups. 

-  Prepare the Transfer Pricing Group Office Allocations and year end entries

-  Assist in preparing annual tax packages, including preparation of year end CMF (Controller Model File)

-  Preparing Cross Border Payment and Tax Packages requested by Magna Tax.  Preparing legal entity financial statements for Canadian tax returns.

-  Perform other duties as may be assigned by Director of Finance

• Some travel may be required

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/Skills/Special Knowledge

• Bachelor’s degree in accounting is required. CPA Accounting designation preferred.  MBA or other Master’s degree is a plus.   

• Good working knowledge and familiarity with Solomon (Microsoft Dynamics accounting software) / Acc Pac / SAP / HFM / One Stream preferred.  Knowledge of SmartView or QuickView is a plus.

• Experience using Hyperion Financial Management (HFM) or OneStream preferred.

• Experience in technical accounting and strong understanding of US GAAP accounting, audit, and consolidation procedures

• Strong analytical and problem-solving skills. Proven ability to prioritize multiple tasks, ensuring that deadlines are met, effective organizational skills and must be detail oriented.