Plant Controller

Posted 8 Hours Ago
Be an Early Applicant
Muncie, IN, USA
Hybrid
Senior level
Automotive • Hardware • Robotics • Software • Transportation • Manufacturing
Dream big. With Us. Let's create the future of mobility, together.
The Role
Manage all plant accounting operations including general ledger, AP/AR, payroll, fixed assets, cost accounting, budgeting, forecasting, and financial reporting. Ensure GAAP compliance, internal controls, audits, inventory/product costing, variance analysis, and provide financial analysis to support operational and capital decisions. Lead accounting staff, drive process improvements, implement reporting tools and dashboards, and partner with plant and corporate teams to monitor cash flow and plant performance.
Summary Generated by Built In

Job descriptions may display in multiple languages based on your language selection.

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:

Scope of Position
  • Manages accounting and financial policies, procedures and practices to ensure adequate control, recording, reporting and analysis of the company's business transactions, operating results, assets and liabilities.  Analyzes trends to report to management.  Administers planning and budgeting systems and general/cost accounting functions in a plant.
Minimum Requirements
  • Bachelor’s degree in Accounting, Finance, or related field; CPA preferred.
  • 7+ years of accounting experience, including at least 3 years in manufacturing or automotive industry.
  • Prior supervisory or team leadership experience required.
  • Strong knowledge of GAAP, cost accounting, financial reporting, and internal controls.
  • Experience with ERP systems (SAP preferred) and advanced Excel skills.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent communication skills, both written and verbal, with ability to present financial information to non-financial personnel.
  • Knowledge of budgeting, forecasting, and variance analysis techniques.
  • Ability to work under tight deadlines and manage multiple priorities.
  • Experience with audits, compliance, and regulatory reporting.
Job Specific Responsibilities
  • Oversee all accounting operations for the plant, including general ledger, accounts payable, accounts receivable, payroll, and fixed assets.
  • Prepare and analyze monthly, quarterly, and annual financial statements and reports.
  • Ensure compliance with internal controls, corporate policies, and external regulations.
  • Administer cost accounting systems and procedures to ensure accurate inventory, product costing, and variance analysis.
  • Lead the plant budgeting and forecasting process, including variance analysis and reporting.
  • Provide financial analysis to support business decisions, including operational performance, capital investments, and cost reduction initiatives.
  • Monitor cash flow, working capital, and plant financial performance.
  • Manage internal and external audits, including preparation of schedules and documentation.
  • Develop and maintain accounting policies, procedures, and standards to improve efficiency and compliance.
  • Mentor and develop accounting staff, including performance management and training.
  • Collaborate with plant management, finance, and corporate teams to support operational and strategic objectives.
  • Implement and maintain financial reporting tools and dashboards for operational decision-making.
  • Review and approve journal entries, reconciliations, and account analyses.
  • Participate in process improvement initiatives, including automation of accounting processes and system enhancements.
  • Evaluate financial risks and provide recommendations to mitigate exposure.
  • Support month-end, quarter-end, and year-end close processes.
  • Provide guidance on cost management, productivity improvement, and operational efficiencies.
  • Ensure timely and accurate reporting of plant performance metrics to corporate finance.
  • Maintain knowledge of industry best practices, accounting regulations, and emerging trends.
.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

Skills Required

  • Bachelor's degree in Accounting, Finance, or related field
  • CPA
  • 7+ years of accounting experience, including at least 3 years in manufacturing or automotive industry
  • Prior supervisory or team leadership experience
  • Strong knowledge of GAAP, cost accounting, financial reporting, and internal controls
  • Experience with ERP systems
  • Experience with SAP
  • Advanced Excel skills
  • Experience with budgeting, forecasting, and variance analysis techniques
  • Experience with audits, compliance, and regulatory reporting
  • Strong analytical, problem-solving, and decision-making skills
  • Excellent written and verbal communication skills

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The Company
HQ: Aurora, Ontario
171,000 Employees
Year Founded: 1957

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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About our 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.

Typical time on-site: Not Specified
HQGlobal Headquarters - Aurora, Ontario, Canada
Bangalore, Karnataka, India
Graz, Austria
Lowell, Massachusetts
Monterrey, Mexico
Munich, Germany
Pune, Maharashtra, India
Sailauf, Germany
Saltillo, Mexico
US Headquarters - Troy, Michigan
Learn more

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