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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:
Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.
Responsibilities:
- Salary: $80,000 - $95,000
- Immediate, open position
- Prepare working papers as required by Internal and External audit
- Prepare weekly and monthly scrap reports and publish to management
- Complete inputs to weekly Run Rate Report
- Prepare Weekly and Monthly Sales, Material and Labour Estimates
- Responsible for the maintaining of accurate Bill of Materials for all parts
- Responsible for the calculation, processing and payment of all supplier surcharges and rebates, including monthly accruals
- Responsible for the Tracking and Reporting of Monthly Cost Savings (CI) including Material Savings and Increases to a Part Number level.
- Responsible for the tracking of Tariff costs and assist in the preparation of Audit documents
- Prepare weekly estimate of Future Sales, Material and Labour
- Responsible for preparing Quarterly and Annual Sales Budgets and Forecasts with accurate sales, costing, and forecasting of commodities
- Reconciliation of Month End Inventory Sub-Ledger to General Ledger
- Responsible for tracking all changes to Part Costing and reasons for change
- Responsible for periodic updates in Frozen costing, including annual cost update in SAP
- Ensure Quality Chargebacks are costed and coded in a timely manner
- Assist in the preparation of Activity Based Costing models and Profitability by part number and program
- Responsible for Monthly Sales Reconciliation and Contribution Margin Analysis
- Review weekly inventory reports – comments on losses and changes in reserves
- Work closely with Materials team to prepare appropriate inventory reserves at month end
- Manage year-end close and all standard cost updates in the SAP system
- This position is the Finance Auditor for all physical inventories
- Assist in the preparation of annual budget and quarterly forecasts – current costs, foreign currency purchases, rebates etc
- Maintain detailed analysis on steel increases and reports both internally and to Group Office
- Complete month end reporting / analysis on inventory variances, reserves
- Review AP invoice price discrepancies and provide direction to the AP team on invoice processing
- Responsible for Monthly Manufacturing Survey (Statistics Canada)
- Responsible for maintaining the MAFACT cost section / biannual bill of material reviews
- Accrue requisitions at month-end and other expenses as required
- Other duties as assigned by a Supervisor or Manager
- Must comply with all ISO 14001 (Environmental) and OHSAS 18001 (Health and Safety) systems and standards as it pertains to their work
- Adhere to the IATF16949 Standard as required
- Abide by all AODA and C-TPAT procedures that apply to their position
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.
Notice regarding the use of AI:
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.
If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.
Regular / Permanent
Magna Seating