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:
Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market.
Job Responsibilities:
POSITION SUMMARY:
Responsible to manage all financial oversight of plant operations to include: financial planning; performance analysis and reporting; preparation of monthly and annual P & L statements, balance sheets, general ledger and cost accounting activities; capital and operating budget development and statutory reporting for the Division. Provide business analysis to understand manufacturing variance, variable and fixed costs, impacts of productivity improvements and capital investments.
- Oversee all Division financial and accounting functions to include: ERP system; general ledger; accounts payable and receivable sub-ledgers; inventory control; fixed asset sub-ledger; financial planning; budgeting and forecasting; cost accounting, etc.
- Monthly Financial Statement Preparation and variance analysis for division
- Monthly, Quarterly and Annual reporting schedules for Group office
- Annual Budget and Business Plan Preparation
- Coordination with other divisional managers
- Combine corporate guidelines with division objectives
- Manufacturing Cost Analysis
- Inventory costing and valuation
- Assessment and determination of material, labour, overhead
- Overhead cost model
- Support commercial activities with regards to business and program profitability and new business analysis
- Working Capital Management
- A/R collection
- Tooling and Production Inventory management and control
- A/P management
- Continuous Improvement
- Analysis of continuous improvement ideas
- Obtain and share knowledge of other division ideas
- Proactive sharing of ideas and information
- Sarbanes Oxley and Magna minimum control checklist compliance
- Financial forecasting - short, medium and long term
- Other Areas
- Foreign exchange management and reporting
- Capital spending analysis and support
- Intercompany transactions
- Compliance with local tax regulations, if not managed by Magna / Group
- Maintain effective communication and coordination with all internal customers, Plant leaders and Team Members; maintain positive employee relations
- Follow the principles of the Magna Employee Charter
- Promote and practice "safety first" by immediately addressing any hazards, defective equipment or unsafe conditions within the department
- Support new program launches
- Provide motivation and results-oriented environment
- Conduct performance evaluations of direct reports as specified by company goals
- Ensure Team Members are adequately trained and capable of performing the work required
- Interface with suppliers and financial sources as required
- Ensure inventory levels are maintained, as required
- Prepare reporting systems for other departments' budgets
- Report on status of departmental projects as required
- Prepare special reports and analyses as requested by the Division GM, or Group personnel
- Provide required support to Sales and Engineering personnel in quotations on new or existing programs
- Ensure all Team Member documentation is maintained
- Handle confidential information on a regular basis
- Encourage safety and housekeeping practices and lead by example
- Promote and facilitate Open Door Process and Fair Treatment
- Participate in Continual Improvement activities
- Adhere to customer requirements, Business Operating System and company policies
- IATF16949 awareness and adherence,
- ISO14001 awareness and adherence,
- Lean Manufacturing and 5S concepts awareness and adherence,
- Enforce company and safety rules, document violations and propose necessary disciplinary actions.
- Perform other duties as assigned
MINIMUM JOB REQUIREMENTS:
- University Degree in Finance or Business Administration and Accounting Designation (CPA) is required.
- Extensive background in financial analysis, cost accounting, budgeting and forecasting
- Minimum of 5+ years progressively more responsible experience in the Accounting/Finance discipline within a manufacturing environment, with supervisory experience
SKILLS AND COMPETENCIES:
- Mastery in the following professional/technical competencies:
- using analytics to drive insight, relevant business processes, internal control systems, financial modeling and risk management
- High attention to detail and data accuracy
- Excellent verbal and written communication skills. This will include presenting financial information to non-financial users.
- Ability to manage and schedule multiple priorities and meet deadlines in a fast paced environment
- Exceptional leadership skills in change management, strategic thinking and leading/developing people
- Proficient in MS Office Excel, Word, and PowerPoint advanced presentations.
- Knowledge of LEAN and Problem Solving tools experience is an asset
- Background with information technology would also be considered a strong asset
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:
Cosma International
