Accounts Payable Analyst

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:
This position will be part of a new start-up joint venture between LM Manufacturing and Magna Seating. The seating JIT Assembly is located in Detroit, Michigan
LM Manufacturing is seeking a detail-oriented and proactive Accounts Payable Analyst to join our finance team. The successful candidate will be responsible for ensuring the smooth and accurate processing of accounts payable activities, including vouching invoices into SAP, reconciling vendor accounts, handling inquiries from vendors, and processing weekly payment runs in accordance with payment terms. This is a great opportunity for an individual who thrives in a fast-paced, team-oriented environment and has a strong eye for detail.
Key Responsibilities:
Invoice Vouching:• Vouch invoices into SAP in a timely and accurate manner, ensuring proper coding and compliance with company policies.• Review and verify invoices against purchase orders and receipts to ensure accuracy before entering into the system.
Vendor Account Reconciliation:• Reconcile vendor accounts on a regular basis to ensure the AP subledger accurately matches the vendor's records.• Investigate and resolve discrepancies between vendor statements and internal records, ensuring all issues are addressed in a timely manner.
Vendor Inquiries:• Act as the primary point of contact for vendor inquiries regarding accounts payable and payment status.• Respond to and resolve payment and invoice-related questions in a professional and timely manner.
Weekly Payment Runs:• Process weekly payment runs, ensuring that payments are made in accordance with established payment terms.• Verify payment amounts, prepare payment batches, and coordinate with the treasury team to ensure payments are processed on schedule.
Record Maintenance:• Maintain accurate records of all accounts payable transactions and ensure proper documentation is filed for audit purposes.• Assist with the preparation of year-end audits and provide supporting documentation as needed.
Compliance and Process Improvement:• Ensure compliance with company policies and regulatory requirements related to accounts payable functions.• Identify opportunities for process improvements within the AP department and recommend solutions to streamline operations.
Qualifications:
Education:
Bachelor's degree in Accounting, Finance, or related field preferred; or equivalent work experience.
Experience:• Minimum of 3-5 years of experience in accounts payable, finance, or a related field.• Experience with SAP or similar ERP system preferred.
Skills:• Strong attention to detail and accuracy.• Excellent organizational and time management skills.• Ability to handle multiple tasks and meet deadlines.• Strong communication skills, both written and verbal, to effectively interact with vendors and internal teams.• Proficiency in Microsoft Excel; experience with accounting software (SAP) a plus.
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.
Worker Type:
Regular / Permanent
Group:
Magna Seating