Controller, Plant

Magna International; Lancaster, Northern (OH, KY); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical/Dental/Vision/Prescription

Short and Long term disability

Company paid life insurance and AD&D

401k with a company match

Flexible Spending Account

H.S.A (with qualifying medical plan)

Profit Sharing (after 2 years service)

Plant Quarterly Bonus opportunity

Safety Shoe Allowance

Vacation (based on length of service)

10 Paid Holidays

3 Paid Personal Days, 1 sick day

Tuition Reimbursement

Magna Family Scholarship Program

Job summary

Magna is seeking a Controller at the Lancaster, Ohio plant to lead the division's financial management, including budgeting, forecasting, reporting, and cost accounting. This role partners with the General Manager and operational leaders to drive performance and ensure compliance with Magna policies.

Responsibilities include month-end close, inventory and asset accounting, manufacturing finance, internal controls, audits, and financial analysis to support strategic initiatives.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.
• CPA, CMA, or equivalent professional designation preferred.
• 7-10 years of progressive finance or accounting experience in a manufacturing environment – automotive experience preferred.
• 5 years in a leadership role in a manufacturing environment – automotive experience preferred.
• Experience with budgeting, forecasting, cost accounting, inventory management, and financial reporting.
• Experience supporting operations within a high-volume manufacturing environment.
• Strong understanding of manufacturing accounting and cost control principles.
• Advanced financial analysis and problem-solving skills.
• Proficiency with SAP ERP systems and Microsoft Office applications, particularly Excel.
• Excellent communication and presentation skills.
• Ability to manage multiple priorities in a fast-paced manufacturing environment.

Responsibilities

• Lead annual budget preparation and monthly forecasting processes.
• Analyze actual financial results against budget, forecast, and prior year performance.
• Identify risks, opportunities, and trends impacting divisional profitability.
• Prepare and present monthly financial performance reviews to divisional and corporate leadership.
• Develop financial models and business cases to support capital investments and operational initiatives.
• Ensure accurate and timely month-end, quarter-end, and year-end financial close processes.
• Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards.
• Maintain the integrity of the general ledger and related financial systems.
• Oversee all accounting functions, including accounts payable, accounts receivable, fixed assets, payroll accounting, and inventory accounting.
• Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required.
• Oversee standard costing and inventory valuation processes.
• Monitor manufacturing performance, labor efficiency, overhead spending, material usage, and inventory controls.
• Analyze product profitability and support customer quoting activities.
• Review and validate cost savings initiatives and operational improvement projects.
• Partner with operations to identify opportunities to improve plant financial performance.
• Ensure adherence to Magna financial policies, procedures, and internal control requirements.
• Maintain compliance with SOX requirements where applicable.
• Coordinate internal and external audits and implement corrective actions as necessary.
• Safeguard company assets through strong financial controls and risk management practices.
• Monitor divisional cash flow and working capital performance.
• Manage banking relationships and treasury activities as required
• Optimize inventory, receivables, and payables to improve cash flow and financial performance.
• Acts with integrity, accountability, and professionalism.
• Promotes a culture of continuous improvement and operational excellence.
• Collaborates effectively across divisions and corporate functions.
• Lead, mentor, and develop the finance team.
• Establish performance objectives and development plans for department personnel.
• Foster a culture of accountability, continuous improvement, and employee engagement.

Skills

Financial leadership

Forecasting

Cost accounting

Inventory management

Financial analysis

Stakeholder communication

Leadership

SOX compliance

Education

Bachelor’s degree in Accounting, Finance, Business Administration, or related field

CPA or CMA preferred

Tools

SAP ERP

Microsoft Excel

Job description

## Controller, PlantApply: Lancaster, Ohio, US: Full time: Posted Today: R00261384**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 an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.**Job Responsibilities:**# **What we offer:**## At Magna, 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.## # **Benefits:**## •Medical/Dental/Vision/Prescription## •Short and Long term disability## •Company paid life insurance and AD&D coverage## •401k with a company match## •Flexible Spending Account## •H.S.A (with qualifying medical plan)## •Profit Sharing (after 2 years service)## •Plant Quarterly Bonus opportunity## •Safety Shoe Allowance## •Vacation (based on length of service)## •10 Paid Holidays## •3 Paid Personal Days, 1 sick day## •Tuition Reimbursement## •Magna Family Scholarship Program# # # **Group Summary:**# ## Magna is an innovative leader in the development and manufacturing of high-quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.# **Position Summary**## The Controller is responsible for the division's overall financial management and accounting operations. This role provides leadership and direction for all financial activities, including budgeting, forecasting, financial reporting, cost accounting, internal controls, compliance, and strategic financial analysis. The Controller serves as a key member of the Division Leadership Team and partners with operational leaders to drive financial performance, support business decisions, and ensure adherence to Magna financial policies and reporting requirements.# **Key Responsibilities** *(these are not all-inclusive and may be modified at any time as deemed necessary)***Financial Leadership*** Serve as a strategic business partner to the General Manager and Leadership Team.* Provide financial guidance and recommendations to support operational and business decisions.* Lead the development and execution of the division's financial strategy and objectives.* Promote financial awareness and accountability throughout the organization.**Financial Planning & Analysis*** Lead annual budget preparation and monthly forecasting processes.* Analyze actual financial results against budget, forecast, and prior year performance.* Identify risks, opportunities, and trends impacting divisional profitability.* Prepare and present monthly financial performance reviews to divisional and corporate leadership.* Develop financial models and business cases to support capital investments and operational initiatives.**Accounting & Financial Reporting*** Ensure accurate and timely month-end, quarter-end, and year-end financial close processes.* Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards.* Maintain the integrity of the general ledger and related financial systems.* Oversee all accounting functions, including accounts payable, accounts receivable, fixed assets, payroll accounting, and inventory accounting.* Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required.**Cost Accounting & Manufacturing Finance*** Oversee standard costing and inventory valuation processes.* Monitor manufacturing performance, labor efficiency, overhead spending, material usage, and inventory controls.* Analyze product profitability and support customer quoting activities.* Review and validate cost savings initiatives and operational improvement projects.* Partner with operations to identify opportunities to improve plant financial performance.**Internal Controls & Compliance*** Ensure adherence to Magna financial policies, procedures, and internal control requirements.* Maintain compliance with SOX requirements where applicable.* Coordinate internal and external audits and implement corrective actions as necessary.* Safeguard company assets through strong financial controls and risk management practices.* Ensure compliance with applicable federal, state, provincial, and local financial regulations.**Treasury & Cash Management*** Monitor divisional cash flow and working capital performance.* Manage banking relationships and treasury activities as required* Optimize inventory, receivables, and payables to improve cash flow and financial performance.**Leadership & Talent Development*** Acts with integrity, accountability, and professionalism.* Promotes a culture of continuous improvement and operational excellence.* Collaborates effectively across divisions and corporate functions.* Supports Magna’s commitment to quality, safety, environmental responsibility, and customer satisfaction.* Lead, mentor, and develop the finance team.* Establish performance objectives and development plans for department personnel.* Foster a culture of accountability, continuous improvement, and employee engagement.* Support succession planning and talent development initiatives within the finance organization.**Key Performance Indicators (KPIs)*** EBITDA performance versus budget and forecast.* Working capital and cash flow performance* Inventory accuracy and inventory turns.* Forecast accuracy.* Cost reduction and productivity achievement.* Financial close timeliness and accuracy.* Audit and compliance results.* Department employee engagement and development metrics.# # **Required Knowledge, Skills and Abilities*** Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.* CPA, CMA, or equivalent professional designation preferred.* Minimum 7-10 years of progressive finance or accounting experience in a manufacturing environment – automotive experience preferred.* Minimum 5 years in a leadership role in a manufacturing environment – automotive experience preferred.* Experience with budgeting, forecasting, cost accounting, inventory management, and financial reporting.* Experience supporting operations within a high-volume manufacturing environment.* Strong understanding of manufacturing accounting and cost control principles.* Advanced financial analysis and problem-solving skills.* Demonstrated ability to influence and partner with cross-functional leaders.* Strong business acumen and strategic thinking capabilities.* Excellent communication and presentation skills.* Proficiency with SAP ERP systems and Microsoft Office applications, particularly Excel.* Proven leadership, coaching, and team development abilities.* Ability to manage multiple priorities in a fast-paced manufacturing environment.