Job Description
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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:
Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.
Scope of Position
- Manages the timely and accurate reporting of financial information and ensures all business transactions conform to the established procedures. Maintains general ledger and company interface to ensure accounting accuracy and analyzes and verifies accuracy of financial transactions. Creates journal entries, reconciles sub-ledgers, prepares financial statements and monthly/quarterly reporting. Liaises with auditors, financial institutions and government revenue agencies as required and prepares government returns.
Minimum Requirements
- Bachelor’s degree in Accounting, Finance, or related field; CPA preferred.
- 5+ years of accounting experience, preferably in automotive manufacturing or high-volume production environment.
- Strong knowledge of GAAP, internal controls, and financial reporting standards.
- Experience with ERP systems such as SAP, QuickBooks, or equivalent.
- Advanced Excel skills, including formulas, pivot tables, and reporting functions.
- Strong analytical, organizational, and problem-solving skills.
- Excellent verbal and written communication skills.
- Ability to manage multiple priorities and deadlines while ensuring accuracy.
- Experience preparing journal entries, reconciliations, and financial statements.
- Knowledge of government reporting requirements and tax filings is preferred.
Job Specific Responsibilities
- Prepare, post, and review journal entries to ensure accurate and timely financial reporting.
- Maintain the general ledger and ensure proper reconciliation of all accounts.
- Reconcile sub-ledgers, including accounts payable, accounts receivable, payroll, and inventory accounts.
- Prepare monthly, quarterly, and annual financial statements and reports for management review.
- Analyze financial transactions and resolve discrepancies to maintain accurate records.
- Monitor and enforce internal controls to ensure compliance with corporate policies and GAAP.
- Support month-end and year-end closing processes, ensuring deadlines are met.
- Collaborate with auditors during internal and external audits, providing documentation and explanations as required.
- Prepare and submit government reports and tax filings, ensuring compliance with applicable laws.
- Provide guidance and support to other accounting team members as needed.
- Assist in the implementation of process improvements, automation, and system upgrades within accounting functions.
- Review and update accounting procedures and policies to enhance accuracy and efficiency.
- Liaise with banks, financial institutions, and other external parties as needed.
- Assist management with ad hoc financial analyses, reporting, and decision-making support.
- Ensure accounting activities align with corporate objectives and operational requirements.
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, 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 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.
Regular / Permanent
Magna Powertrain
