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What we offer:Job Responsibilities:
GENERAL DESCRIPTION:
This position is accountable to be the financial champion for programs starting with the initial quote for business and well into the programs production life.
Compensation: $70,000 to $90,000
JOB FUNCTIONS:
- Coordinate the receipt of all program costs required for quote capital, and review the latter for reasonableness
- Prepare production part costs for new programs, and maintain these costs throughout the program life
- Prepare costing and customer quotations for all production parts, prototypes, deviations and tooling throughout the life of the program, and manage the process for obtaining customer purchase orders through the program manager
- Maintain management status reports for product design & development (PDD) costs, production parts, prototypes, tooling and pre-production costs for assigned programs
- Maintain selling prices on drive, and calculate sales accruals monthly for production parts
- Review and approve all cost changes that are made to drive master files that affect program costs
- Member of the cross functional team (CFT) for designated programs, and responsible that all financial activities on these programs, and responsible that all financial activities on these programs, as reflected in the Financial
- Panel charts are well managed. These activities include, Product Design & Development (PDD) costs, production parts, tooling, prototypes, pre-production costs and program specific capital
- Develop fiscal program sales and cost of sales budgets based on Magna planning volumes
- Occasional communications with customer regarding clarifying information submitted on a request for quote (RFQ), or equivalent
- Maintain all drive major and minor sales codes for designated programs
- Bank reconciliations
- Develop business case for new programs
- Assist with development of tooling strategy
- Maintain Cost Reduction Roadmaps
- Minimal travel as required. Ability to travel to the U.S. required.
- Follow the duties and responsibilities specified under the Occupational Health & Safety Act
- Ensure adherence to established safety, quality and housekeeping standards.
- Attends Environmental Health and Safety training
- Report any known hazard, defect, incident or compliance issue to the employer or supervisor
- Understand BILL 168 and uphold the policies that prohibit domestic violence, workplace violence and harassment in the Workplace.
- Support Controller in preparation of the annual business plan and quarterly forecasts
- Support the accounting month end close activities and preparation of the financial statements and reporting
- Perform other duties as required
PERFORMANCE MEASURES:
- 5S
- Budgeting/forecasting accuracy
- Customer satisfaction (internal/external)
- Execute all programs/projects within the established budget
- Forecasting accuracy
- Meets all timelines as assigned
- On-time month-end reporting
- On-time quote capitals
- On-time requests for quotes
- Overall program contribution margin improvements
- Past due receivables
Required Qualifications:
Education & Experience
- Completion of community college diploma/certificate.
- 3 to less than 5 years of work-related experience.
- Professional designation (CPA) preferred.
- Previous supervisory experience preferred
- Previous experience in the manufacturing industry preferred
Core Competencies
- Controls Finances
- Analyses Data
- Attends to Details
- Communicates Effectively
- Multi-Tasks
- Sound Computer Knowledge
- Forecasting, Budgeting & Financial Modelling Skills
- Ethical
- Team – Worker
- Interpersonal and Customer Service
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 / PermanentGroup:
Skills Required
- Completion of community college diploma or certificate
- 3 to less than 5 years of work-related experience
- Professional designation (CPA)
- Previous supervisory experience
- Previous experience in the manufacturing industry
- Forecasting, budgeting and financial modelling skills
- Sound computer knowledge
- Bank reconciliations
- Support accounting month-end close and prepare financial statements and reporting
- Ability to travel to the U.S. (minimal travel expected)
- Ability to develop business cases and cost reduction roadmaps
What the Team is Saying
Magna International Compensation & Benefits Highlights
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Healthcare Strength — Benefits include medical, dental, vision, and pharmacy coverage alongside disability and life insurance, plus mental‑health support via an Employee & Family Assistance Program and wellness programs. Voluntary options such as pet and auto/home insurance further expand the health-related offering.
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Retirement Support — Retirement programs feature a 401(k) with company match and profit sharing, with corporate filings confirming the U.S. 401(k) plan and employer contributions. Other long‑term levers like equity programs and performance bonuses add to wealth‑building potential.
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Wellbeing & Lifestyle Benefits — Company materials highlight a total‑rewards commitment and programs such as donation‑matching and an employee disaster relief fund that provide added support. Work‑life and development elements (e.g., PTO, parental leave, flexible work, and tuition reimbursement) are presented for many roles.
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.
