Financial Analyst

About the Role

Magna Mechatronics & Mirrors develops intelligent access and vision systems that enhance vehicle safety, functionality, and user interaction. As a global automotive supplier and full-system partner, Magna brings together expertise across Mechatronics and Mirror systems to deliver integrated solutions that support the evolution of vehicle architectures.

Key Responsibilities

• Responsible for assisting in month-end process, including journal entry preparation and financial analysis.
• Prepares monthly balance sheet reconciliations and roll-forward analysis.
• Assists in the preparation of weekly, monthly, and annual forecasts.
• Generates forecasts and analyzes trends in sales, finance, and other areas of business.
• Analyzes profit and loss income statements and prepares reports on findings to make recommendations to management.
• Performs economic research and studies of rates of return, depreciation, and investments.
• Researches details related to purchase requisitions and invoice approvals.
• Works to create, track, and close out fixed asset projects.
• Tracks tooling costs, spend analysis, and invoicing to the OEM.
• Performs inventory analysis.
• Prepares audit schedules and support.
• Assists with budget preparation.
• Understands and follows existing Magna policies, procedures, work instructions, and standards, and makes recommendations for continuous improvements.

Requirements & Tech Stack

• Demonstrates strong written and verbal skills.
• Possesses strong organizational and project management skills.
• Detail-oriented with the ability to multi-task projects.
• Possesses analytical skills and shows critical thinking capabilities.
• Competent in use of computer software including; ERP, Hyperion, Microsoft Excel, Word, and Lotus Notes.

Qualifications

Analyst I

• Bachelor’s degree in accounting or finance (or equivalent experience), with 0-2 years experience in an appropriate financial environment.
• Demonstrated strong initiative in confronting and resolving problems.
• Effective in written and verbal communications, proven skills in interacting with others.
• Possess analytical skills.
• Ability to organize and prioritize work with minimal supervision.
• Proficient in use of computers, including spreadsheets and graphics.

Analyst II

• Bachelor’s degree in accounting or finance (or equivalent experience), three to five years experience in an appropriate financial environment.
• Experience in project management.
• Strong leadership and communication skills with ability to aggressively interact and influence all segments of the organization.
• Proficient knowledge in manufacturing systems, competent in most phases of data base management and information reporting.

Analyst III

• Bachelor’s degree in accounting or finance (or equivalent experience), six to eight years of experience in an appropriate financial environment.
• Exercises independent judgment and discretion utilizing broad knowledge for accounting and financial analysis techniques.
• Experience in general supervision and project management.
• Possess or working toward a CPA, CMA, or MBA.

Physical Requirements

• Must be able to lift up to 35 lbs. as needed.
• Must be able to stand, walk, bend, and sit for extended periods of time.
• Must maintain proper vision requirements.
• Must be able to maintain alertness to their surroundings.
• Must have working knowledge of English.