Senior Financial Analyst

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:
Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
Job Responsibilities:
As a Senior Financial Analyst, your main objective will be to analyze financial data, perform financial forecasting, and provide valuable insights and recommendations to support strategic decision-making within the organization. You will be part of the process for preparing and compiling financial information for budget and forecast cycles for Corporate North America. In addition to these recurring responsibilities, periodically there will be new initiatives, aimed at strengthening internal reporting, improving processes and identifying areas for improvement. You will work closely with cross-functional teams and management to assess financial performance, identify trends, and implement strategies to drive sustainable growth. You will be part of the North American Corporate Accounting team and working closely with the corporate teams in Europe and Asia.
Your Responsibilities

• Develop and maintain complex financial models to support financial planning, budgeting, and forecasting activities.
• Monthly and quarterly detailed review of the P&L, variance analysis, and reconciliation.
• Collaborate with cross-functional teams to develop and manage the company's budgeting and forecasting process. This involves creating financial models, analyzing variances, and providing insights on financial performance to support budgeting decisions.
• Prepare and distribute accurate and timely financial reports to management, executives, and other key stakeholders. This includes creating dashboards, executive summaries, and financial presentations that highlight key performance indicators (KPIs) and metrics.
• Prepare management reports to analyze budget-to-actual variance and track department spending vs. actual.
• Identify opportunities for process improvement, including streamlining reporting processes, enhancing financial analysis tools, and automating manual tasks.

Who we are looking for

• Bachelor's degree in finance, Accounting, Economics, or a related field, with at least 3 years of experience in financial analysis, budgeting, and forecasting.
• Strong analytical skills with proficiency in financial modeling, forecasting techniques, and producing meaningful reports.
• Effective communicator with strong interpersonal skills, able to work independently while supporting the Corporate Accounting team.
• Excellent attention to detail, ability to synthesize complex financial information, and deliver quality work in a fast-paced environment.
• Proficiency in MS Office (Excel, PPT, SharePoint) and financial systems (SAP, OneStream, Hyperion), with preferred expertise in Power Query, Power BI, and VBA.
• Professional designations (e.g., CFA, CPA) preferred, with knowledge of both quantitative and qualitative financial analysis techniques.

Please Note

• Accommodations for disabilities in relation to the job selection process are available upon request.
• Candidates will be required to complete a Criminal Records Check, and if deemed necessary, a Credit Check as part of the candidate selection process.

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 to comply with GDPR requirements and your local Data Privacy Law.
Worker Type:
Regular / Permanent
Group:
Magna Corporate