Overview

Financial Analyst Job at Magna International Inc. – in Penetanguishene, ON

Group Description

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.

Role Summary

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.

Key Responsibilities

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

General Responsibilities:
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.

Key Qualifications/Requirements

Qualifications:
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

Core Competencies

Attends to Details

Organizes Work

Communicates Effectively

Multi-Tasks

Results Orientated

Mathematical Aptitude

Time Conscious

Dependable

Copes with Deadlines

Leads by Example

Trains Others

Exercises Judgement

Maintains Confidentiality

Coaches/Mentors

Approachable

Additional Information

Accommodations for disabilities in relation to the job selection process are available upon request.

03-Finance F-Permanent/Regular

About the Company

Company: Magna International Inc. –

Company Location:  Penetanguishene, ON

Estimated Salary:

About Magna International Inc. -