Sr. Financial Analyst

Recruiter
Magna International Inc.
Location
Concord, Ontario, Canada
Salary
Competitive salary
Posted
16 Sep 2020
Closes
17 Sep 2020
Ref
541386217
Group Introduction

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.

Role Summary

To report and support Magna Powertrain Driveline Systems global finance team in the business planning and forecasting process and tracking of actual performance; including:
  • Analyze entity level KMIs in the business plan/forecast and providing management reports on improvements/deterioration at a relevant level to base year;
  • Analyze and report actual performance versus the established KMIs while critically evaluating the nature of the variances and explaining next steps communicated by the operating entities;
  • Maintain actual, forecast and budget data within the financial reporting consolidation tool (HFM);
  • Participate in ad-hoc and business case reviews as needed.


Key Responsibilities

  • Responsible for monthly consolidation reports and ensure all the information reflected in HFM accurately.
  • Develop standardized budget/forecast templates for operation divisions which will be used to quantify improvement/deterioration of the business over the business planning horizon at a relevant level (e.g. understand the annual impact on contribution margin of volume, givebacks/quick savings, material cost improvement/deterioration, annual labour cost increases etc.)
    • Ensure that BP/FCST templates fulfil reporting requirements [anticipate/incorporate required inputs to minimize/eliminate additional requests of divisions]; and
    • Ensure that base data in business plan is defined at a level that is relevant to tracking of actual results in HFM.
  • Maintain HFM journal entries and load top level adjustments into HFM
  • Participate monthly results review with divisions, and follow-up with divisions ensure data integrity in the financial reporting system (HFM)
  • Monitor actual costs to ensure the costs within the budget/forecast, and be able to explain the improvement/deterioration at high level
  • Prepare monthly and quarterly internal and external reports requested by Driveline and MPT
  • Perform balance sheet review monthly/quarterly to understand major fluctuations
  • Support/train divisions' personnel and effectively communicate with divisions for the questions and queries related to the reporting and HFM
  • Update/standardize reporting templates regularly to ensure all the reports are captured the latest information/requests from MPT and Magna
  • Assist with developing key performance measure reports to aid management in monitoring business and/or functional performance
  • Follow Magna's Code of Conduct and Ethics and related compliance policies
  • Additional duties and responsibilities as assigned


Key Qualifications/Requirements

  • CPA designation (CGA, CMA, or CA) or equivalent
  • 3-5 years' experience in a global consolidation environment at a manufacturer
  • Knowledge of US GAAP
  • Consolidation & reporting experience in Hyperion Financial Management (HFM)
  • Strong financial & data analysis skills
  • Strong computer application skills (MS Excel and MS PowerPoint)
  • Good verbal and written communication skills combined with interpersonal skills
  • Ability to travel domestically and internationally, approximately 5% of the time


Additional Information

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

03-Finance F-Permanent/Regular

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