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Financial Analyst

Company: Magna International
Location: Muncie
Posted on: June 15, 2022

Job Description:

Job Number: 45466 -Group: Magna Powertrain - -Division: Muncie -Job Type: Permanent/Regular -Location: MUNCIE -Group IntroductionTransforming 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.

Role Summary Collaborate with other financial staff in the company to provide financial and accounting support to the controller, management, and department heads who establish goals and budgets for the organization. A strong focus on fixed assets will exist. Key Responsibilities

  • Assist the Controller/Assistant Controller with Month-end, quarter-end, and year-end schedules and templates
  • Collect and analyze data about a company's operational costs
  • Prepare forecasts and budgets
  • Assist with establishing working budgets for departments and analyze the performance against these budgets
  • Set standard costs of manufactured goods
  • Develop and analyze cost standards
  • Establish costs of business processes such as administration, labor, shipping, etc.
  • Prepare monthly reconciliations of key balance sheet and income statement accounts and investigate key variances
  • Preparing audit reports and presenting findings to management
  • Recommending changes to the company's processes and policies to reduce cost and maximize profit
  • Advise management on appropriate costing based on financial data
  • Help manage the company's balance sheet and accounting books
  • Supporting other company accountants with invoicing (both accounts payable and accounts receivable)
  • Prepare reports and projections based on financial data
  • Evaluate current and previous financial data
  • Study business and economic trends
  • Determine a company's value by examining its financial statements
  • Responsible for identification, recording, valuation, accounting, reporting and timely capitalization of capital projects, the reconciliation and reporting of capital work in progress and to carryout revaluation
  • Complex analyses concerning sales volumes, comparison of actual parts sold to budgeted
  • Administer the Fixed Asset sub-ledger, complete with all necessary reporting and controls. Generate and enter depreciation entry.
  • Participate in both internal and external financial audit preparation
  • Assist in the preparation/analysis/submission of the annual Budget/Reforecast Key Qualifications/Requirements
    • University Degree or College Diploma - Accounting background required
    • Three (3) years related experience required
    • Working knowledge of SAP, considered a definite asset
    • Hard working and goal oriented
    • Must be computer literate and have proven experience in PC Software such as MS Office, especially Excel, knowledge of database is an asset
    • Highly developed time management and follow-up skills with the ability to handle multiple-tasks
    • Strong task ownership and superior work ethic
    • Strong Communication skills required (both spoken and written)
    • Must be flexible in respect to hours of work, including weekends. Additional Information 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 to comply with GDPR requirements and your local Data Privacy Law.

Keywords: Magna International, Muncie , Financial Analyst, Professions , Muncie, Indiana

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