Senior Treasury Analyst

Magna International; Aurora; Hybrid; CAD 42,000 - 110,000; Full time

Job summary

A leading automotive technology company is seeking a Senior Treasury Analyst to oversee cash management and liquidity functions. The role involves analyzing daily cash positions, forecasting cash flows, and generating reports. Candidates should have a degree in business or finance and expertise in MS Suite. The position offers remote work options and comprehensive employee benefits.

Benefits

Remote work options

Health programs

Extensive training program

Parking for vehicles

Qualifications

• 2 - 5 years of experience in an analytics role.
• Ability to conduct advanced analysis.
• Experience and proficiency with MS Suite.

Responsibilities

• Reconcile daily cash positions against actual results.
• Analyze cash positions to determine funding needs.
• Support cash forecasting processes and perform variance analysis.

Skills

Advanced analysis

MS Suite proficiency

Communication

Team collaboration

Education

University degree in business or finance

Accounting designation

Post graduate qualifications

Tools

Excel

Power BI

Treasury Management Systems

OneStream

Job description

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Direct message the job poster from Magna International

Magna is more than one of the world’s largest suppliers in the automotive space. They are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, Magna’s ecosystem of interconnected products combined with their complete vehicle expertise uniquely positions the company to advance mobility in an expanded transportation landscape.

About the Role

The Treasury group is responsible for the management of our global funding, capital raising, liquidity management and various aspects of our risk management - including currencies, interest rates, market access, retirement programs and strategies that manage the protection and safeguarding of our assets through insurance programs. The group is also responsible for providing guidance to senior management and the Board on macroeconomic conditions and their implications for our business.

We are looking to hire a Senior Treasury Analyst who will support the North America Cash & Liquidity function. This role will provide support for cash management, short-term cash forecasting, compilation & analysis of global cash positions and global treasury reporting requirements.

Your Responsibilities

Daily Cash Management North America

• Reconciliation of daily cash positions against actual results and manage the resolution of any discrepancies
• Analyze cash positions of all cash pools to determine funding needs and initiate cross funding
• Manage cash through the co-ordination of information related to receipts, disbursements and bank position reporting
• Strive to maintain minimal cash float balances
• Ensure proper reporting & management of standalone cash balances

Cash Forecasting

Support cash forecasting processes and perform variance analysis

Continuously improve forecasting compliance & accuracy

Communicate with operating groups and divisions to understand all daily cash flows

Reporting

Produce monthly Global Cash Review

Perform monthly financial reporting and analysis related to global cash and bank indebtedness

Review daily cash reporting in Power BI for accuracy of reported balances, investments and borrowings

Review and understand reported changes in balances, investments and borrowings

Other

Assist in Treasury related projects as assigned

Explore new technology and reporting tools for Treasury

Who we are looking for

Completion of a university degree in business or finance

Accounting designation is an asset

Post graduate qualifications are desirable but not required

Requires the knowledge & ability to conduct advanced analysis

Experience and proficiency with MS Suite (Excel, PowerPoint, Word) is essential

Knowledge and experience with OneStream is an asset

PowerBI and Treasury Management Systems is an asset

Your preferred qualifications

Minimum 2 - 5 years of work experience in an analytics role

Ability to work with other people – in person and virtual

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.

In addition, we offer you the following site benefits :

Remote work to the extent of up to 2 days per week for a good work-life balance

Health programs, sports and team events

An extensive training program and exciting internal development opportunities

In addition to the statutory holiday entitlement, 24 / 12 and 31 / 12 are free of work and no vacation days must be consumed for this purpose

Parking for two-wheelers, four-wheelers or electric vehicles

Seniority level

Seniority level

Associate

Employment type

Employment type

Full-time

Job function

Job function

Finance

Industries

Motor Vehicle Manufacturing

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