Plant Controller — Strategic Finance & Cost Control

Magna International Limited; Muncie (IN); On-site; USD 110,000 - 150,000; Full time

Job summary

Magna Powertrain seeks an experienced accounting leader to oversee plant accounting operations, including GL, AP, AR, payroll, and fixed assets, and to drive monthly, quarterly, and annual financial reporting.

The role requires a Bachelor's in Accounting/Finance, 7+ years in accounting with 3+ in manufacturing, CPA preferred, and strong GAAP and cost accounting knowledge. SAP experience and advanced Excel are essential, with leadership responsibilities across the plant finance team.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field; CPA preferred.
• 7+ years of accounting experience, including 3+ years in manufacturing or automotive.
• Supervisory or team leadership experience required.
• Strong knowledge of GAAP, cost accounting, financial reporting, and internal controls.
• Experience with ERP systems (SAP preferred) and advanced Excel skills.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent written and verbal communication; able to present financial information to non-financial personnel.
• Knowledge of budgeting, forecasting, and variance analysis techniques.
• Ability to work under tight deadlines and manage multiple priorities.
• Experience with audits, compliance, and regulatory reporting.

Responsibilities

• Oversee all accounting operations for the plant, including GL, accounts payable, accounts receivable, payroll, and fixed assets.
• Prepare and analyze monthly, quarterly, and annual financial statements.
• Ensure compliance with internal controls, corporate policies, and external regulations.
• Administer cost accounting systems for accurate inventory, product costing, and variance analysis.
• Lead the plant budgeting and forecasting process, including variance analysis and reporting.
• Provide financial analysis to support business decisions, including operational performance, capital investments, and cost reduction initiatives.
• Monitor cash flow, working capital, and plant financial performance.
• Manage internal and external audits, including preparation of schedules and documentation.
• Develop and maintain accounting policies, procedures, and standards to improve efficiency and compliance.
• Mentor and develop accounting staff, including performance management and training.
• Collaborate with plant management, finance, and corporate teams to support operational and strategic objectives.
• Implement and maintain financial reporting tools and dashboards for operational decision-making.
• Review and approve journal entries, reconciliations, and account analyses.
• Participate in process improvement initiatives, including automation of accounting processes and system enhancements.
• Evaluate financial risks and provide recommendations to mitigate exposure.
• Support month-end, quarter-end, and year-end close processes.
• Provide guidance on cost management, productivity improvement, and operational efficiencies.
• Ensure timely and accurate reporting of plant performance metrics to corporate finance.
• Maintain knowledge of industry best practices, accounting regulations, and emerging trends.

Skills

GAAP knowledge

Cost accounting

Financial reporting

ERP systems (SAP)

Advanced Excel

Analytical thinking

Communication skills

Budgeting & forecasting

Audits & compliance

Education

Bachelor’s degree in Accounting/Finance

CPA preferred

Tools

SAP ERP

Job description

Magna Powertrain seeks an experienced accounting leader to oversee plant accounting operations, including GL, AP, AR, payroll, and fixed assets, and to drive monthly, quarterly, and annual financial reporting.

The role requires a Bachelor's in Accounting/Finance, 7+ years in accounting with 3+ in manufacturing, CPA preferred, and strong GAAP and cost accounting knowledge. SAP experience and advanced Excel are essential, with leadership responsibilities across the plant finance team.