Financial Analyst (70410)

About the Role

Reporting to the Controller, the Financial Analyst is responsible for ensuring and maintain the quality & integrity of the standard cost environment, inventory and tooling accounts of the division.

Your Responsibilities

• Monitoring and tracking of customer tooling workorder budgets.


• Invoice completed tooling projects; follow up on collections, close out tooling inventory accounts.


• Prepare audit schedules related to customer tooling where required & assist with inquiries.


• Maintenance of standard manufacturing costs, review of Bill of Material accuracy, performs cost rolls.


• Co-ordinate with purchasing/business development to ensure cost data is accurate.


• Responsible for the inventory accounting cycle, reporting and variance analysis (includes MRO).


• Responsible for the completion of monthly journal entries, balance sheet reconciliations of all inventory and tooling accounts and analysis as assigned.


• Completion of various reports, internal and government.


• Providing financial support to the business units; supporting the annual budgeting and forecasting processes

Who we are looking for

• Results and detailed oriented


• Willingness to take ownership for tasks and responsibilities.


• Organized, poised and relaxed, able to meet prescribed deadlines, sometimes under pressure.

• Able to analyze data, recognize areas of concern, investigates and provides recommendations to Management.


• Strong oral and written communication skills.


• Work effectively with cross-functional teams.

• Detailed knowledge and understanding of GAAP.

Your preferred qualifications

• University degree in accounting or related field


• CMA/CPA designation (or near completion) is preferred.


• Four years’ experience in a manufacturing environment.


• High proficiency Excel skills.


• CMS experience is a plus.

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

Candidates will be required to complete a Criminal Records Check and, if deemed necessary, a Credit Check as part of the candidate selection process.

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.

Site Benefits

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.