Financial Analyst Job at Magna International Inc. – in Penetanguishene, ON
The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML’s expertise light the path to innovation, safety and styling.
TECHFORM MECHATRONICS IS #HIRING FINANCIAL ANALYSTS!
Are you ready to accelerate your career? Are you prepared for a challenge? Join the Techform team in Penetanguishene!
At Techform Mechatronics, we are Developing Passionate People That Deliver Innovative Access Experiences. The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML’s expertise light the path to innovation, safety and styling.
What’s in it for you?
Full-time permanent position with full benefits (health and dental flex plans), vacation plan, RRSP match, profit sharing, advancement opportunities, incentive programs, employee discounts and so much more! If this sounds enticing, apply for the position below!
Reporting to the Divisional Controller, the Financial Analyst is the financial champion on various automotive manufacturing programs for the program life cycle.
The following is a more detailed list of the Financial Analyst’s responsibilities:
A thorough understanding of production processes and products
Work in collaboration with other departments such as Engineering, Inside Sales, Purchasing, Operations and Sales
Standard cost rate development
Coordinate the receipt of all program costs required for quote capital, and review the latter for reasonableness
Prepare production part costs for new programs, and maintain these costs throughout the program
Assist to prepare costing and customer quotations and business case for all production parts, prototypes, alerts and tooling throughout the life of the program
Review and approve all cost changes that are made to drive master files that affect program costs. Standard cost and gross margin reporting and analyses
Member of the cross functional team (CFT) for designated programs, and responsible that all financial activities on these programs
Maintain Cost Reduction Roadmaps including active identification and participation in continuous improvement and cost reduction activities
Perform month-end procedures – inventory, inventory variances, journal entries, account recs, etc.
Assist with sales forecasting on a quarterly basis
Provide profitability analysis on a part/product/customer basis
Provide financial analysis related to long-term agreement pricing
Continuously improve the effectiveness of the quoting process
Perform other duties as required
Ensure that all environmental requirements are identified and addressed when performing duties.
Ensure that all safety requirements are being carried out when performing duties.
Comply with defined Business Management and Environmental Management Systems requirements.
Provide support for the continuous improvement initiatives within Techform.
Provide support in the attainment of Techform’s operating system goals as outlined by the key graphs.
Carry out all duties focusing on the goal of internal and external customer satisfaction.
Other duties as may be assigned by the supervisor or designate.
Post-secondary degree/diploma in an accounting or business discipline is required
Active involvement or achievement in an accounting designation is an asset
Ability / capability to spend time on the production floor and understand production processes and products is required
Possess a high level of initiative and ability to drive improvements
Strong business acumen and sound knowledge of cost accounting and business analytical techniques
Strong excel and computer skills is required
Strong written and verbal communication skills are required
The ability to work under general direction as well as showing initiative is required
Attends to Details
Copes with Deadlines
Leads by Example
Accommodations for disabilities in relation to the job selection process are available upon request.
About the Company
Company: Magna International Inc. –
Company Location: Penetanguishene, ON