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What we offer:Job Responsibilities:
1. Strategic Planning (30%)
Collaborate with senior leadership to formulate medium- and long-term financial strategies, considering:
New vehicle launches and market acceptance
Production capacity and supply chain constraints
R&D investment in electric and autonomous vehicle technologies
Fluctuations in raw material costs and currency exchange rates
Conduct in-depth market analysis to capture trends in consumer behavior, regulatory impacts (e.g., emissions and fuel efficiency), and competitive activities.
Build and maintain complex financial models incorporating industry metrics such as production volume, sales mix (vehicle segments), and warranty-related costs.
2. Financial Analysis & Reporting (30%)
Prepare accurate, timely, and segmented financial reports by vehicle categories (e.g., luxury, EV, commercial vehicles).
Analyze financial and operational performance to identify trends, risks, and opportunities, especially those unique to the automotive sector such as inventory management and cost controls.
Support the development of executive presentations and performance commentary tailored to an audience familiar with automotive business dynamics.
Perform standard cost and variance analysis to track actuals against expectations.
3. Budgeting & Forecasting (20%)
Work closely with departmental heads (Sales, Production, Maintenance, Manufacturing, and Program) to develop and maintain annual budgets and rolling forecasts.
Monitor actual results versus budget/forecast and provide variance analysis, taking into account production delays, marketing effectiveness, and shifts in customer demand.
Conduct scenario planning and sensitivity analysis to evaluate the financial impact of key industry changes such as new government regulations, technological disruption, or macroeconomic trends.
Lead and coordinate capital expenditure (CapEx) planning initiatives.
4. Financial Consolidation & Close Process (10%)
Oversee the monthly financial close process, ensuring accuracy, consistency, and compliance with corporate timelines.
Consolidate financial statements across business units and geographic regions to deliver a unified financial overview.
5. Team Leadership & Development (10%)
Lead, coach, and develop a team of FP&A professionals, instilling a strong understanding of the automotive sector.
Support recruitment, onboarding, and upskilling of team members to ensure continued performance and adaptability.
Promote a culture of collaboration, accountability, and continuous improvement across the team.
6. Automotive Industry-Specific Focus
Provide financial modeling and due diligence support for mergers and acquisitions (M&A) in the automotive space.
Remain informed on key trends such as environmental regulation, fuel efficiency standards, and innovation in EV and autonomous technology.
Leverage financial systems and planning tools commonly used in the automotive industry (e.g., Hyperion, Oracle, SAP).
Bachelor's degree in Finance, Accounting, Business Administration, or a related field (CPA or MBA preferred).
5–7 years of progressive experience in financial planning and analysis, preferably within the automotive industry or a manufacturing environment.
Advanced analytical skills and a strong understanding of financial modeling and forecasting techniques.
Proficient in financial reporting standards (GAAP or IFRS) and industry-specific accounting practices.
Excellent verbal and written communication skills, with the ability to present financial insights clearly to both technical and non-technical audiences.
Strong leadership capabilities with a proven track record of building and managing high-performing teams.
Highly proficient in financial systems and software tools such as Excel, Hyperion Planning, Oracle, and SAP.
1. Technical Skills (70%)
Financial modeling and forecasting
Financial reporting and performance analysis
Budgeting, standard costing, and variance analysis
Understanding of GAAP/IFRS accounting principles
Knowledge of FP&A systems (e.g., Hyperion Planning, Oracle, SAP)
2. Analytical Skills (20%)
Problem-solving and critical thinking
Market and data analysis
Scenario and sensitivity analysis
Trend identification and strategic interpretation
3. Communication Skills (10%)
Executive-level presentation development
Cross-functional collaboration
Effective written and verbal communication
Influencing and stakeholder engagement
Competitive compensation and benefits package
High visibility with senior leadership and cross-functional teams
Strategic involvement in shaping the company’s future within the automotive industry
Access to ongoing learning and development opportunities in financial planning and automotive trends
Group:
Skills Required
- Bachelor's degree in Finance, Accounting, Business Administration, or related field
- CPA or MBA
- 5-7 years progressive experience in financial planning and analysis
- Experience within the automotive industry or a manufacturing environment
- Advanced financial modeling and forecasting skills
- Proficiency in financial reporting standards (GAAP or IFRS) and industry-specific accounting practices
- Highly proficient in Excel, Hyperion Planning, Oracle, and SAP
- Strong leadership capabilities with proven team building and management experience
- Excellent verbal and written communication skills and executive presentation ability
- Experience with budgeting, standard costing, variance analysis, consolidation, and monthly close processes
- Experience supporting M&A financial modeling and due diligence (automotive focus)
What the Team is Saying
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.
