Controller, Regional IT Finance & Controlling

Magna International; Bengaluru; On-site; INR 2,500,000 - 4,200,000; Full time

Benefits offered by this job

Health insurance

Employee development

Global exposure

Job summary

Magna International Limited is seeking a Controller for Regional IT Finance & Controlling in India (Bengaluru). The role leads monthly financial reporting, budgeting, forecasting, and governance for the India IT organization, collaborating with the Global IT Finance team to ensure strong controls and timely reporting.

The incumbent will support SAP S/4HANA Cloud initiatives, develop management commentary, and drive continuous improvements in financial processes.

Qualifications

• Professional accounting designation (CA/CPA/CMA/ACCA) or equivalent.
• Bachelor’s degree in accounting, finance, business, or related field.
• 7+ years of progressive experience in accounting, financial reporting, controlling, or FP&A, preferably multinational.

Responsibilities

• Lead monthly, quarterly, and year-end financial reporting for the India IT organization with accurate and timely submissions.
• Prepare management reporting, forecasts, variance analysis, accruals, balance-sheet reviews, and financial commentary.
• Establish and monitor local financial controls, policies, and procedures, including approvals, reconciliations, and supporting evidence.
• Support budgeting, planning, forecasting, and IT service pricing activities with data collection and validation.
• Coordinate with global IT Finance team and local stakeholders for governance and reporting.

Skills

Excel

PowerPoint

Power BI

Data Warehouses

SAP Finance

S/4HANA

Month-end close

Management reporting

Forecasting

Budgeting

Internal controls

Cross-functional teams

Education

Professional accounting designation (CA/CPA/CMA/ACCA)

Bachelor’s degree in accounting/finance/business

Tools

SAP S/4HANA Cloud

Job description

Job descriptions may display in multiple languages based on your language selection.

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:

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

Job Responsibilities:

The Controller, Regional IT Finance & Controlling - India is responsible for financial reporting, controlling, budgeting, forecasting, cost management, and financial governance for Magna’s India IT operations. The role reports to the Manager, Finance & Controlling and works closely with local stakeholders and the Global IT Finance team to maintain a strong local financial control and governance environment, support accurate and timely reporting, and contribute to a range of regional and global finance activities and priorities. The position will also support the finance activities required for the SAP S/4HANA Cloud implementation in India.

Your Responsibilities

• Lead monthly, quarterly, and year-end financial reporting for the India IT organization, ensuring complete, accurate, and timely submissions.
• Prepare management reporting, forecasts, variance analysis, accruals, balance-sheet reviews, and financial commentary, clearly identifying key drivers, risks, and required actions.
• Establish, document, monitor, and continuously improve local financial controls, policies, and procedures, including appropriate review, approval, reconciliation, and supporting-evidence requirements.
• Maintain effective financial governance for the India IT office and ensure compliance with applicable accounting standards, Magna finance policies, internal-control requirements, and local obligations in coordination with relevant specialists.
• Support annual budgeting, business planning, forecasting, and IT service pricing activities including data collection, modelling, validation, documentation, and stakeholder follow-up.
• Monitor operating expenses, headcount-related costs, project spending, capital expenditures, and other key cost drivers; identify financial risks, control gaps, trends, and opportunities to improve financial performance and cost management.
• Partner with India business leaders, local finance teams, and the Global IT Finance team to support decision-making and contribute to regional and global reporting, analysis, projects, and continuous-improvement activities.
• Coordinate accounting, audit, tax, treasury, payroll, procurement, and compliance-related activities affecting the India IT office, maintaining clear ownership and timely resolution of issues.
• Prepare ad-hoc financial analysis, business cases, and management presentations, and perform other finance and controlling responsibilities as required.

SAP S/4HANA Cloud Support

• Support regional finance activities associated with the SAP S/4HANA Cloud implementation in India.
• Assist with finance process documentation, data validation, testing, reporting requirements, user acceptance, and implementation readiness.
• Work with project teams and business stakeholders to ensure that local financial-control, governance, and reporting requirements are appropriately reflected in the solution.

Who we are looking for

• A recognized professional accounting designation such as CA, CPA, CMA, ACCA, or equivalent is required, together with a bachelor’s degree in accounting, finance, business, or a related field.
• 7 or more years of progressive experience in accounting, financial reporting, controlling, or FP&A, preferably within a multinational environment.
• Strong hands-on experience with month-end close, management reporting, budgeting, forecasting, variance analysis, balance-sheet review, and internal controls.
• Strong understanding of financial governance and control design, including the ability to document processes, identify control gaps, and implement practical improvements.
• Experience with SAP finance and controlling processes is required; exposure to an SAP S/4HANA implementation, migration, testing, or stabilization is an asset.
• Advanced Microsoft Excel skills and strong proficiency with PowerPoint; experience with Power BI, data warehouses, or similar reporting tools is an asset.
• Experience working effectively with global, virtual, and cross-functional teams across time zones.

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:

An overview of our benefits will be discussed during the recruitment process.

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 based on 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.

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, 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 Corporate