Assistant Controller

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:
The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.
Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.
Job Responsibilities:
Position Summary:
The Assistant Controller will manage and deliver day-to-day financial support for the company in accordance with the Magna's established policies and procedures in order to maintain the integrity of all financial information. This individual should be ready to roll-up their sleeves, deep dive financial issues and support the controller in maintaining and enforcing internal controls. The Assistant Controller will also play an integral role in the annual budget preparation, quarter forecasting, working capital management, and financial close processes.
Position Responsibilities:
Financial Reporting:• Assist in managing the overall month end close process, including but not limited to:
o The approval of journal entries
o Ensuring completeness of accruals
o Ensuring all Exteriors Group office reporting requirements are met within required deadlines• Perform first level review and approve month-end balance sheet reconciliations; require timely adjustment of any unreconciled/unsupported balances.• Supervise year-end closing process, which includes first level review of year-end financial statements preparation, completion of external audit file requirements (a.k.a Controller Model File) and liaise with internal/external auditors to ensure an efficient and timely year-end audit.• Responsible for accurate reporting of capital expenditures, fixed asset reporting and amortized tooling related balance accounts• Review and analyze manufacturing/cost variance to identify and adjust inaccuracies with system standards and production inefficiencies.
Internal Controls, Procedures:• Develop and implement financial processes and procedures, as needed to support changing business demands.• Review and ensure accounting practices are in accordance with Magna, GAAP, and Sarbanes-Oxley policies and finance policies.• Ensure system controls in place are compliant with Magna defined policies.• Identify, document, and communicate all accounting policies, procedures and standards• Identify and recommend improvements to existing controlling processes
Annual Budget Planning and Quarterly Forecasting:• Assist in the development and execution of the annual strategic plan that supports company performance objectives and industry/field related benchmarking and trends, with specific focus on working capital and fixed asset management• Oversee and produce credible forecasting of working capital, capital expenditure and tooling balances• Support the Controller in complex analysis of foreign exchange and execution of foreign currency hedges
Management Reporting:• Perform weekly analysis and reporting of operational results• Collect, measure and monitor data related to the overall effectiveness of the department; benchmarking and analysing these trends to establish action plans for continuous improvement (QOS process).• Design and implement management reporting templates to support operational decisions that flexes to ever changing business conditions• Ad-Hoc management reporting and analysis projects
Skills/Experience Required:
Educational Requirements: Post-Secondary Degree specializing in the Finance and Accounting Stream required. Accounting Designation (CPA CA and CPA CMA) 2 years post designation experience preferred.
Minimum Experience Two to five years financial management experience in an automotive Tier 1 manufacturing environment, or equivalent combination preferred
Computer Skills: Good working knowledge of all MS Office Applications.
Communication Skills: Strong interpersonal skills with proficiency in written and verbal communications
Additional Education/Experience/Skills: Very strong analytical and organizational skills with ability to prioritize and meet demanding timelines. Solid work ethic with ability to work overtime and travel (limited) in order to support achievement of objectives
Key Competencies:• Budget Attainment• Budgeting/forecasting accuracy• Departmental Succession Plan and Employee development plans• Detailed forecasting methodology• EOS Metrics• On-time month-end reporting• On-time quote capitals• KOI Measurables• Year end audit binder submission for external auditor's - timely completion and management of audit staff
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 Exteriors