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Magna International

This is a Contract position in Brampton, ON posted September 17, 2023.

Job Number: 58987
Group: Cosma International
Division: Promatek Research Centre
Job Type: Permanent/Regular
Location: BRAMPTON

Group Description

Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market.

Key Qualifications/Requirements

• Bachelor’s degree in business/ finance

  • Recognized accounting designation.

• Minimum 5 years cost accounting experience in a manufacturing environment, using standard or activity based accounting system, including financial reporting.
• Experience with integrated financial/manufacturing software packages, such as SAP, Hyperion, and Capital Management Software.
• Strong Computer literacy

  • Microsoft Office (very strong with Excel and Powerpoint)
  • Microsoft PowerBi an asset

• Excellent organizational and communication skills in English.
• Strong work ethic

  • Attention to detail
  • Presentation skills
  • Report writing
  • Interpersonal communication
Key Responsibilities

• Manage all financial planning and budgeting for the division.
• Manage the system that reports/reviews operating results, internally/externally, as required.
• Acts as liaison with internal and external auditors as required.
• Help to ensure the operation is legal, ethical, and for financial reporting purposes, follows generally accepted accounting principles and adhere to Magna Minimum Control Procedures/Policies
• Provide financial analysis support and approval of all purchase requisitions.
• Oversee establishment of purchasing systems and monitors day-to-day purchasing processes to achieve budget control and adherence to fiscal policies.
• Review and approve new vendor.
• Support Employees with purchasing details, final price, and negotiation of T&C’s.
• Maintenance of standard cost tracking and allocation system by collecting analysing operation data and establishing standard or expected costs.
• Establish policies and procedures to ensure accurate tracking of material, labour and overhead costs in the plant.
• Prepare monthly departmental analysis of actual results compared to budget and forecast.
• Liaison with the sales engineering department and assist in preparation of business quotations.
• Assist in the review and preparation of capital requests
• Support Engineering team with R&D Project financial business case analysis
• Track all prototype and tooling sales/costs, providing margin analysis and ensuring maximum recovery.
• Prepare any required returns under various tax legislation including HST provincial and federal income tax, R&D tax credits etc.
• Commitment and to promote continuous improvement and take advantage of cost reduction opportunities.
• Other duties as may be required.

Additional Information

General Expectations:
• Continuously adhere to and apply the Magna Employee’s Charter, the Magna Corporate Constitution, and the Cosma Way of Thinking in all aspects of position and interaction with others.
• Appreciate and maintain proper level of confidentiality.
• Understand, promote and work by Promatek’s vision statement.
• Work in a safe, organized, effective, efficient and proactive manner.
• Able to work overtime, including afternoon, evening shifts and weekends as required.
• Travel may be required occasionally. Note: some of the travel may be outside North America. Must have valid passport and driver’s license.
• Demonstrates ability to work effectively within a team environment.

Working Conditions:
• Office and manufacturing environment

Health & Safety:
• Work in a safe, organized, effective, efficient and proactive manner.
• Ensure all safety and non-safety plant rules and regulations are followed.
• Ensure adherence to established quality and housekeeping standards.
• Review and adhere to Promatek’s health & safety, environmental, operating procedures, and policies.
• Understand and uphold the principles of Bill 168 which prohibits domestic violence, workplace violence, and workplace harassment.
• In addition to the above, the duties include those specified under the Occupational Health & Safety Act, Sec. 28.

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

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.