Cost 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:
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:
Summary:
Responsible for the processing of accounts payable transactions, maintaining the AP sub-ledger, and processing payments to division suppliers. This position also provides service in support of internal inquiries and vendor communications. It will assist in month end reporting and work on special projects/assignments as needed.
Candidates MUST have current manufacturing experience, automotive manufacturing is a plus.
REQUIRED SKILLS/EXPERIENCE

• Bachelor's degree in accounting, finance, Industrial Engineering / Costing or related field.
• At least 5 years finance experience in a manufacturing operation.
• Strong Microsoft Excel skills. Experience with SAP preferred
• Able to appreciate and maintain proper level of confidentiality, using discretion and tact.
• Must be able to interact effectively with other team members.
• Demonstrate a maturity of judgement, leadership skills, attention to detail and exceptional organizational, listening, communication and presentation skills in all aspects of the job function.
• Ability to work flexible hours in a fast-paced environment in order to meet customer requirements.

DUTIES:

• Perform Costing and Material Analysis Functions including Bill of Material structures setup
• Perform and report Labor costing analysis
• Participate in the close process including labor variance, material variance and inventory analysis
• Compile documentation for financial audits
• Preparation and submittal of monthly, quarterly, & annual schedules to group office regarding specific GL account reconciliations and supplemental information used in consolidated corporate disclosures.
• Assist with Compliance & Maintenance of Sarbanes-Oxley requirements.
• Analyzes, adjusts, and reconciles issues identified through Month end close review.
• Setup/revise (as required) part numbers in ERP system
• Setup/revise (as required) Bill of Materials structures for assemblies and finished goods products in ERP system
• Ensure part number effective dates are current to releases in ERP system
• Track and verify Engineering Design and Develop costs are within budget.
• Analyze and report weekly Sales/Cost of Sales
• Setup Service Parts and Structures in ERP system including entry and verification of price and cost
• Track profit/loss on Prototype Sales
• Assist in analyzing inventory levels and transactions for recording purposes
• Monitor the cycle counts general ledger account
• Develop labor and burden rates required for standard cost development
• Setup labor and burden routings for assemblies and finished goods
• Roll standard costs as required; Update current and frozen costs in system
• Develop analysis to review all component cost/price changes resulting from VAVE initiatives, Economics, etc. including all Customer CR's
• Verify Purchase Order Pricing
• Update all pricing issued from Customer's web-based system (i.e., GM Supply Power System)
• Compare standard to actual costs for inaccuracies and update Senior Management as appropriate
• Work closely with Purchasing and Sales for all program cost/price changes
• Provides support to departmental Senior Management and Corporate Management for detail data requests, some on a regular/weekly basis and some on ad hoc basis.
• Creation and Distribution of Monthly Management Reports, and ad hoc reporting as required. Specialty projects as assigned on as needed basis.
• Other duties as assigned

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 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:
Regular / Permanent
Group:
Magna Seating