Financial Analyst

Job Number: 67473
Group: Magna Mechatronics, Mirrors & Lighting
Division: Dortec - Newmarket
Job Type: Permanent/Regular
Location: NEWMARKET
Work Style:

About us

We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML's expertise light the path to innovation, safety and styling.

About the Role

This position is accountable to be the financial champion on programs starting with the initial quote for business and well into the programs production life.

Your Responsibilities

• Coordinate the receipt of all program costs required for quote capital, and review the latter for reasonableness
• Prepare production part costs for new programs, and maintain these costs throughout the program life
• Prepare costing and customer quotations for all production parts, prototypes, deviations and tooling throughout the life of the program, and manage the process for obtaining customer purchase orders through the program manager
• Maintain management status reports for product design & development (PDD) costs, production parts, prototypes, tooling and pre-production costs for assigned programs
• Maintain selling prices on drive, and calculate sales accruals monthly for production parts
• Review and approve all cost changes that are made to drive master files that affect program costs
• Member of the cross functional team (CFT) for designated programs, and responsible that all financial activities on these programs, and responsible that all financial activities on these programs, as reflected in the Financial Panel charts, are well managed. These activities include, Product Design & Development (PDD) costs, production parts, tooling, prototypes, pre-production costs and program specific capital
• Manage accounts receivable from the customer for any pricing discrepancies that arise from incorrect pricing, currency, effective dates and quantities
• Develop fiscal program sales and cost of sales budgets based on Magna planning volumes
• Occasional communications with customer with regard to clarifying information submitted on a request for quote (RFQ), or equivalent
• Maintain all drive major and minor sales codes for designated programs
• Develop business case for new programs
• Assist with development of tooling strategy
• Maintain Cost Reduction Roadmaps
• Minimal travel as required
• Perform other duties as required

Who we are looking for

• Completion of community college diploma/certificate.
• 3 to less than 5 years of work related experience.
• Professional designation (CA, CGA or CMA) preferred.

Your preferred qualifications

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

• Conveniently located close to Highway 404.
• Medical and Dental Benefits.
• Profit Sharing (EEPPP) and Group RRSP Program.
• Company Paid Basic Life Insurance and AD&D.
• Corporate Plans for Roger's Cellphone Data Plans.
• Employee Discounts: Auto and Home Insurance, Retail. Restuarants, etc.

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.