Financial Analyst, Senior II

BorgWarner is a global product leader in powertrain solutions. We focus on developing leading powertrain technologies that improve fuel economy, emissions, and performance. Our facilities are located across the globe to provide local support for our diverse customer base.
BorgWarner is a company of independent thinkers who share a passion for the latest vehicle technology, enjoy working in a fast-paced, collaborative environment, and desire to play a key role in transforming the transportation landscape.
We engage this talented group of employees with meaningful work, amazing technologies, world-class facilities, and a culture that respects diversity and rewards excellence. It’s an atmosphere that fosters personal growth and allows you to propel your career to the next level.

Senior Accounting Analyst, Payroll, Benefits & Accounting Operations

Responsible for payroll, benefits, pension, lease, and expense accounting, including reporting, forecasting, and coordination of key accounting processes.

 Payroll & Employee Benefits Accounting

• Manage the end-to-end accounting cycle for payroll and employee benefits, including weekly accrual postings, salary payments, payroll withholdings, and benefits. Ensure payroll transactions are accurately recorded through journal entries and properly reflected in the general ledger and supporting subledgers, maintaining clear documentation and full traceability through supporting workpapers.

• Prepare and manage the payroll and benefits forecast (monthly and annual), documenting headcount drivers and compensation trends, and providing clear explanations of variances vs actuals, including burden rate, volume, and timing differences.

• Perform weekly and monthly payroll analysis, including balance sheet and P&L review, trend analysis, and validation of account activity. Ensure proper tie-out between subledger and general ledger, particularly for intercompany or cost allocation entries across different reporting units.

Pension Plan Accounting & Operational Coordination

• Record and analyse the actuarial valuations for the pension plan, including recognition of short-term and long-term benefit obligations, service cost, and remeasurements (actuarial gains and losses) impacting both P&L and OCI, ensuring accurate financial statement presentation.

• Maintain and monitor pension-related balance sheet accounts in SAP, ensuring balances for long-term employee benefit obligations are complete, accurate, and supported by actuarial reports and internal schedules.

• Coordinate weekly defined contribution funding instructions with the fiduciary and monitor related cash movements, ensuring contributions and recoveries are properly recorded and aligned with the plan activity.

• Perform comprehensive monthly reconciliations across all pension-related data sources, including trustee statements, investment reports, record keeping records, and internal books, ensuring full alignment and timely resolution of variances.

• Act as an active member of the Pension Plan Committee, supporting discussions and decision-making related to the plan, and applying strong knowledge of pension accounting and financial impacts.

Lease Accounting

• Manage Lease Accounting, including initial recognition and subsequent measurement of right-of-use (ROU) assets and lease liabilities and recording of interest expense and amortization, ensuring accurate schedules over the lease term.

Travel & Expense (T&E)

• Oversee the employee expense (T&E) cycle at a regional level, including administration of Concur and its interface with SAP for accounting purposes. Ensure proper review, posting, and accounting of expense reports and reimbursements, maintaining compliance with policies and accurate classification.

Prepaid Expenses

• Manage the accounting of prepaid expenses, including employee insurance policies and property insurance, ensuring systematic amortization to P&L.

Close, Reconciliations & Sox Controls

• Manage the period-end close and reconciliation process for all the above cycles (payroll, benefits, pension, lease, prepaid expenses, and T&E), including preparation of robust workpapers and review of journal entries, accruals, reclassifications, and balance sheet reconciliations. Ensure all accounts are fully supported, differences are investigated and resolved timely, and balances are aligned between subledgers, third-party reports, and the general ledger.

• Support audit and compliance activities by providing clear reconciliations, supporting schedules, and explanations of balances and transactions, for internal, external, and statutory audits.

• Drive process improvements and strengthening of internal controls across all assigned accounting cycles, improving efficiency, accuracy, and overall quality of financial reporting.

EDUCATION/EXPERIENCE

 

• 5+ years of experience in general ledger accounting, including payroll, benefits, and balance sheet reconciliations, with exposure to external audits.

• Bachelor’s degree in Accounting or Finance.

• Strong knowledge of Mexican GAAP (NIF), including NIF D-3, and familiarity with US GAAP (ASC 715) for employee benefits and pension accounting.

• Solid understanding of accounting cycles, accruals, and financial close processes, with the ability to analyse and reconcile complex accounts.

• Experience with ERP and reporting systems (preferably SAP and OneStream).

• Advanced Excel skills (data analysis and reconciliations).

• Strong analytical and problem-solving skills, with attention to detail and ability to identify and resolve discrepancies.

• Ability to prepare clear reconciliations, supporting schedules, and audit-ready documentation.

• Strong communication and teamwork skills, with a collaborative mindset and the ability to work effectively within the team and with cross-functional and external stakeholders (auditors, fiduciaries, consultants)

• Strong English communication skills required to support regular interaction with corporate teams

Internal Use Only: Salary

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