Financial Analyst

Magna International Inc.; Vaughan; On-site; CAD 65,000 - 75,000; Full time

Job summary

Magna Exteriors is seeking a Financial Analyst to support the Assistant Controller with financial analysis, budgeting, forecasting and reporting. This role requires attention to detail and the ability to work across departments to drive performance and strategic decisions.

The position encompasses management reporting, capital spend tracking, and ownership of month-end and year-end processes, including audits. Overtime and occasional travel may be required for objective achievement.

Qualifications

• Post secondary degree/diploma in accounting and/or finance required.
• Minimum 2 years of relevant experience (co-op included).
• Detail oriented with strong analytical skills and ability to handle high data volumes.
• Strong organizational skills to prioritize tasks and meet deadlines.
• Proficiency in ERP/MRP and Microsoft Office, especially Excel & PowerPoint.
• Excellent English written and verbal communication.
• Knowledge of automotive manufacturing is an asset.
• CPA designation pursuit is an asset.
• Overtime and travel may be required.

Responsibilities

• Assist in weekly operational analysis and reporting.
• Collect and analyze data related to department performance; support improvement actions.
• Collaborate with cross-functional stakeholders on capital expenditure submissions.
• Generate ad-hoc management reports as required.
• Track capital spending and support new analytical reports on budget vs. spend.
• Support month-end close for capital and tooling; journal entries and reconciliations.
• Assist with year-end closing and external audit file preparation.
• Support audit and balance sheet analysis as needed.
• Lead and mentor staff within the department; conduct regular meetings and training.

Skills

Attention to detail

Analytical thinking

Data analysis

Time management

English communication

Education

Accounting/Finance degree or diploma

Tools

ERP/MRP systems

Microsoft Excel & PowerPoint

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 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

The Financial Analyst will play a critical role in supporting the Assistant Controller by providing financial analysis, budgeting, forecasting, and reporting. This position requires a detail-oriented individual with strong analytical skills and the ability to work collaboratively across departments to drive financial performance and support strategic decision-making.

KEY JOB RESPONSIBILITIES

Management Reporting

• Assist in the compilation of weekly operational analysis and reporting.
• Collect, monitor and analyze data related to the overall effectiveness of the department; benchmarking and analyzing these trends to establish action plans for continuous improvement (QOS process and weekly scorecard support).
• Work closely with cross department stakeholders to assemble necessary documents for the initiation of capital expenditure request submissions.
• Generate Ad-Hoc management reports and/or schedules as required.

Financial Reporting and Tracking

• Perform detailed tracking of capital spending and assist in the maintenance and or implementation of new analytical reports surrounding company’s spending against budget.
• Assist in the overall month-end close process pertaining to the capital and tooling aspect of the business. This includes and is not limited to: Preparation of month end journal entries, Proposal of month end accrual entry, Performing the detailed account reconciliations pertaining to capital and tooling, Organizing and distributing tooling information to relevant internal stakeholders.
• Support the year-end closing process, which entails the preparation of the assigned financial sections relating to the year-end external audit file.
• Support the Assistant Controller in facilitation of efficient and timely year-end audit and perform ad-hoc working capital and balance sheet related analysis on an as needed basis.

Other Responsibilities

• Promote company culture and ensure discipline to all company policies and procedures.
• Responsible and accountable to lead, manage, support and provide direction to 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.
• 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.
• Seek out and correct unsafe acts or conditions, to ensure all health and safety policies are followed.
• Conduct planned workplace inspections, as scheduled by the Environmental, Health and Safety Department.
• Ensure compliance and enforcement of Customer Specific Requirements, QMS (IATF16949), Health and Safety (ISO 45001), EMS (ISO14001), and security (PIP) requirements.
• Ensure, with the cooperation of other Co-Ex-Tec departments and Corporate that the division achieves and maintains the highest possible Customer rating for satisfaction; strive for zero defects in all areas of the business.
• Any other reasonable duty required by Management.

QUALIFICATIONS & SKILLS

• Post Secondary Degree/Diploma in the field of accounting and/or finance required.
• Minimum of 2 years of relevant experience (relevant co-op experience can be included).
• Detailed oriented individual with a desire to hone his/her analytical skills and an affinity to work with high volume of data.
• Strong organizational skills with ability to prioritize tasks and meet demanding timelines.
• Proficiency in ERP/MRP fully integrated systems and Microsoft Office, especially Excel and PowerPoint.
• Strong interpersonal and communication skills with proficiency in English written and verbal communications.
• Knowledge of the automotive manufacturing environment considered an asset.
• Intention to pursue an accounting designation (CPA) considered an asset.
• Overtime and travel may be required to support achievement of objectives.

Compensation

$65,000-75,000/year

Awareness, Unity, Empowerment

At Magna, we believe that a diverse workforce is critical to our success.

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 Exteriors

We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people. In the right environment, your ideas can turn into industry-changing automotive technologies and improve the lives of people around the world. Let’s create the future of mobility, together.

Learn more about us: Sustainability Innovation Interview-Tips