Cost Accountant

Job Number: 70196
Group: Magna Seating
Division: Magna Seating Detroit
Job Type: Permanent/Regular
Location: HIGHLAND PARK
Work Style:
About us
We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.
Forward. For all.
Group Summary
Magna is an innovative leader in the development and manufacturing of seating structures, foam and trim, mechanisms, and complete seats for global automotive, heavy truck and bus industries. Seating is at the center of the consumer vehicle experience and our seating solutions are developed from consumer research, prioritizing comfort, convenience and connectivity.
About the Role
Under the direction of the Controller, the Cost Accountant is responsible for ensuring and maintaining the quality & integrity of the price, cost & inventory information within an automotive seating environment. Provide explanations for business performance and identifying areas of improvement.
Your Responsibilities

• Maintenance of standard manufacturing cost
• Coordinating with purchasing to ensure SAP master cost data is accurate and in sync
• Reviewing Bill of Material (BOM) accuracy in a just-in-time (JIT) environment that utilizes a Component Based Manufacturing process
• Calculation of Overhead and Labor rates incorporated into standard costs
• Contribution Margin analysis of all programs
• Perform monthly analysis of inventory in terms of LCM and In-Transit
• Maintain understanding of offline inventory systems (i.e.: MRO)
• Responsible for monthly Balance Sheet reconciliation of all inventory accounts
• Responsible for coordination, maintenance, and processing of Retroactive Vendor Pricing and Customer Pricing

Who we are looking for

• A bachelor's degree in accounting/economics or related field, is preferred, or an equivalent combination of education and extensive experience

• Minimum of five (5) to seven (7) years of progressive financial experience in a manufacturing environment

Your preferred qualifications

• Must be strong analytically
• Must have excellent interpersonal skills along with oral and written communication skills
• Must be a self-starter with demonstrated organization and prioritization skills
• Experience with SAP FI/CO, a plus
• Solid MS office EXCEL skills
• Experience in JIT/Component Based cost accounting is preferred

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.
Site Benefits
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.
Nearest Major Market: Detroit