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What we offer:Job Responsibilities:
Financial Leadership
- Serve as a strategic business partner to the General Manager and Leadership Team.
- Provide financial guidance and recommendations to support operational and business decisions.
- Lead the development and execution of the division's financial strategy and objectives.
- Promote financial awareness and accountability throughout the organization.
Financial Planning & Analysis
- Lead annual budget preparation and monthly forecasting processes.
- Analyze actual financial results against budget, forecast, and prior year performance.
- Identify risks, opportunities, and trends impacting divisional profitability.
- Prepare and present monthly financial performance reviews to divisional and corporate leadership.
- Develop financial models and business cases to support capital investments and operational initiatives.
Accounting & Financial Reporting
- Ensure accurate and timely month-end, quarter-end, and year-end financial close processes.
- Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards.
- Maintain the integrity of the general ledger and related financial systems.
- Oversee all accounting functions, including accounts payable, accounts receivable, fixed assets, payroll accounting, and inventory accounting.
- Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required.
Cost Accounting & Manufacturing Finance
- Oversee standard costing and inventory valuation processes.
- Monitor manufacturing performance, labor efficiency, overhead spending, material usage, and inventory controls.
- Analyze product profitability and support customer quoting activities.
- Review and validate cost savings initiatives and operational improvement projects.
- Partner with operations to identify opportunities to improve plant financial performance.
Internal Controls & Compliance
- Ensure adherence to Magna financial policies, procedures, and internal control requirements.
- Maintain compliance with SOX requirements where applicable.
- Coordinate internal and external audits and implement corrective actions as necessary.
- Safeguard company assets through strong financial controls and risk management practices.
- Ensure compliance with applicable federal, state, provincial, and local financial regulations.
Treasury & Cash Management
- Monitor divisional cash flow and working capital performance.
- Manage banking relationships and treasury activities as required
- Optimize inventory, receivables, and payables to improve cash flow and financial performance.
Leadership & Talent Development
- Acts with integrity, accountability, and professionalism.
- Promotes a culture of continuous improvement and operational excellence.
- Collaborates effectively across divisions and corporate functions.
- Supports Magna’s commitment to quality, safety, environmental responsibility, and customer satisfaction.
- Lead, mentor, and develop the finance team.
- Establish performance objectives and development plans for department personnel.
- Foster a culture of accountability, continuous improvement, and employee engagement.
- Support succession planning and talent development initiatives within the finance organization.
Key Performance Indicators (KPIs)
- EBITDA performance versus budget and forecast.
- Working capital and cash flow performance
- Inventory accuracy and inventory turns.
- Forecast accuracy.
- Cost reduction and productivity achievement.
- Financial close timeliness and accuracy.
- Audit and compliance results.
- Department employee engagement and development metrics.
- Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.
- CPA, CMA, or equivalent professional designation preferred.
- Minimum 7-10 years of progressive finance or accounting experience in a manufacturing environment – automotive experience preferred.
- Minimum 5 years in a leadership role in a manufacturing environment – automotive experience preferred.
- Experience with budgeting, forecasting, cost accounting, inventory management, and financial reporting.
- Experience supporting operations within a high-volume manufacturing environment.
- Strong understanding of manufacturing accounting and cost control principles.
- Advanced financial analysis and problem-solving skills.
- Demonstrated ability to influence and partner with cross-functional leaders.
- Strong business acumen and strategic thinking capabilities.
- Excellent communication and presentation skills.
- Proficiency with SAP ERP systems and Microsoft Office applications, particularly Excel.
- Proven leadership, coaching, and team development abilities.
- Ability to manage multiple priorities in a fast-paced manufacturing environment.
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:
Group:
Skills Required
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field
- CPA, CMA, or equivalent professional designation
- 7–10 years of progressive finance or accounting experience in a manufacturing environment
- Automotive industry experience
- At least 5 years of leadership experience in a manufacturing environment
- Experience with budgeting, forecasting, cost accounting, inventory management, and financial reporting
- Experience supporting operations in a high-volume manufacturing environment
- Strong understanding of manufacturing accounting and cost control principles
- Advanced financial analysis and problem-solving skills
- Ability to influence and partner with cross-functional leaders
- Strong business acumen and strategic thinking capabilities
- Excellent communication and presentation skills
- Proficiency with SAP ERP systems and Microsoft Office, particularly Excel
- Leadership, coaching, and team development abilities
- Ability to manage multiple priorities in a fast-paced manufacturing environment
What the Team is Saying
Magna International Compensation & Benefits Highlights
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Healthcare Strength — Company materials highlight comprehensive medical, dental, vision, disability and life insurance in the U.S., paired with wellness initiatives and a confidential Employee & Family Assistance Program.
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Retirement Support — U.S. filings and recruiting pages describe a 401(k) with a 50% match on the first 6%, a deferred profit‑sharing component, and at some sites a 3% base company contribution after six months.
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Strong & Reliable Incentives — Profit sharing and performance‑linked rewards are embedded in the total‑rewards philosophy and documented in filings, with recent materials indicating these programs remain active.
Magna International Insights
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 171,000 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
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.
