Assistant Controller

Magna International; Newmarket; On-site; CAD 100,000 - 120,000; Full time

Benefits offered by this job

Medical and Dental Benefits

Profit Sharing (EEPPP) and Group RRSP

Company Paid Basic Life Insurance and

Job summary

Magna International, a leader in automotive technologies, seeks a finance leader to oversee the Mechatronics, Mirrors & Lighting department. You will supervise staff, manage budgeting, month-end close, and financial reporting while ensuring compliance with GAAP and Sarbanes‑Oxley.

The role offers strategic impact and growth within a dynamic team. The position demands a post-secondary degree, 2+ years supervisory experience, and an accounting designation.

Qualifications

• Post-secondary Degree/Diploma in a related field.
• Minimum 2 years related experience.
• Accounting Designation (C.A., C.M.A., C.G.A.)
• Previous supervisory experience preferred.

Responsibilities

• Lead, manage, support and direct staff in the department with goals/objectives, performance reviews and training plans.
• Maintain staffing levels and develop succession plans for current and future needs.
• Develop and execute an annual strategic department plan aligned to company objectives and industry trends.
• Collect, measure and monitor data to drive continuous improvement (QOS process).
• Develop and implement new processes to support changing business demands.
• Facilitate monthly department meetings and open-door communication.

Skills

Supervisory experience

Accounting knowledge

Education

Post-secondary Degree/Diploma in related field

Job description

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 Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML's expertise light the path to innovation, safety and styling.

Job Responsibilities

• Responsible and accountable to lead, manage, support and provide direction to all staff within the department through effective goals/objectives setting, performance monitoring and reviews, communication, and the execution of on-the-job training and development plans.
• Ensure a robust department structure by maintaining effective staffing levels and creating succession plans and related employee development plans to support current and future needs.
• Develop and execute an annual strategic plan for the department supporting company performance objectives and industry/field related benchmarking and trends.
• Collect, measure and monitor data related to the overall effectiveness of the department; benchmarking and analyzing these trends to establish action plans for continuous improvement (QOS process).
• Develop and implement new processes and procedures, as needed to support changing business demands.
• Facilitate effective two-way communication through department meetings (minimum monthly) and an Open Door philosophy.
• Facilitate and promote a work environment based on fairness and concern for people, in accordance with the principles of the Magna Employee Charter.
• Ensure visibility and accessibility to employees, by practicing Management By Walking Around (MBWA).
• Accountable for department budget preparation, approval and attainment.
• Ensure accounting practices are in accordance with Magna, Intier, GAAP, and Sarbanes-Oxley policies and requirements.
• Responsible overall for the month end close process, including but not limited to:

• The approval of all journal entries
• Ensuring completeness of accruals
• Management of all financial reporting requirements
• Management and financial analysis of monthly financial statements.

• Responsible for preparing weekly/month/quarterly forecasts
• Manage the year-end closing process, which includes year-end financial statements preparation, completion of external audit file requirements and to liase with external auditors to ensure an efficient and timely year-end audit.
• Manage the annual budget process and reporting requirements.
• Support department managers in understanding departmental cost structures and identify and promote opportunities for improvement.
• Identify, document, and communicate all accounting policies, procedures and standards
• Maintain the signing authorization master list.
• Ensure all accounting and payroll records are properly archived.
• Management of payroll system.
• Ensure confidentiality of all proprietary and human resources related information.
• Overtime and travel may be required to support achievement of objectives.
• Perform other duties as required

Qualifications And Skills

• Post-secondary Degree/Diploma in a related field.
• Minimum 2 years related experience.
• Accounting Designation (C.A., C.M.A., C.G.A.)
• Previous supervisory experience preferred.

Salary Range: $100,000 to $120,000 annually Vacancy Status: Immediate, open position

Site Benefits

• Conveniently close to Highway 404 (Newmarket) /400 (Bradford)
• Medical and Dental Benefits
• Profit Sharing (EEPPP) and Group RRSP Program
• Company Paid Basic Life Insurance and AD&D
• Corporate Plans for Roger's Cellphone Data Plan
• Employee Discounts: Auto and Home Insurance, Retail, Restaurants, etc.

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 Mechatronics, Mirrors & Lighting