IT Finance Analyst

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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:
Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That's what we're passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.
Job Responsibilities:
The IT Finance Analyst plays a central role in ensuring financial transparency, process consistency, and cost efficiency across the global IT organization. This position is responsible for driving accurate reporting, enabling data-driven decision-making, coordinating planning cycles, and supporting IT leadership with relevant financial insights. The role also owns key IT financial processes such as billing, approvals, and standardized reporting frameworks.
1. Actuals Review Model & Financial Performance Analysis (Monthly)

• Develop and maintain a structured review model comparing Actuals, Budget, and Forecasts.
• Perform in-depth cost driver analysis at global and local levels.
• Conduct trend, variance, and year-over-year analyses.
• Prepare management reporting packages and present results.
• Ensure transparency across IT services, programs, vendors, and regions.

2. Coordination of Budgeting & Forecasting (4x a year - Budget, Forecasting)

• Lead planning and consolidation of IT budgets and forecasts.
• Coordinate inputs from local IT teams, controllers, and finance stakeholders.
• Ensure alignment with corporate controlling and governance.
• Create forecasting models and scenario analyses.
• Provide clear explanations of assumptions, deviations, and outlooks.

3. Establishment of Standardized Reporting Processes (include in 1 and 2)

• Define and implement unified financial reporting processes.
• Develop templates, reporting guidelines, and controls.
• Improve reporting efficiency and data governance.
• Support the use of reporting tools and platforms.

4. Billing Process Ownership (ongoing - operational controlling)

• Serve as end-to-end owner of the IT Billing Process.
• Ensure accuracy, transparency, and timely settlement of outgoing IT charges.
• Lead billing-related meetings and cross-functional alignment.
• Support invoice tracking and reconciliation.

5. Support of IT Cost Reduction Initiatives

• Develop business cases and financial impact analyses.
• Evaluate cost-saving opportunities.
• Conduct license, contract, and application cost reviews.
• Support global IT savings programs with financial modeling.

6. Establishment of Approval Processes

• Implement financial approval workflows for IT expenditures.
• Ensure compliance with governance and internal controls.
• Define decision rights and approval thresholds.
• Support investment justifications and CapEx/Opex approvals.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 4+ years of finance/controlling experience (manufacturing preferred).
• Advanced Excel skills.
• Experience in Hyperion and SAP.
• Strong communication and presentation skills.
• High accuracy, detail orientation, and independence.
• Power BI knowledge or certification preferred.
• High confidentiality and sense of ownership.

Key Behavioral Traits

• Analytical mindset.
• Adaptability and flexibility.
• Strong collaboration skills.
• Process discipline and governance focus.

Work Environment
Office environment; minimal travel required. May occasionally collaborate in manufacturing-related environments.
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 Powertrain