General Accountant

Found in: Talent CA 2 C2 - 7 days ago

St Thomas, Canada CB Canada Full time

Job Number: 48625 
Group: Cosma International  
Division: Formet Industries 
Job Type: Permanent/Regular 
Location: ST. THOMAS 

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.



Role Summary

This position is responsible for tracking, recording and preparation of the Divisions financial status.

Key Qualifications/Requirements
  • Completion of post-secondary education in Business / Finance.
  • Minimum 2 years of general accounting experience, manufacturing experience preferred.
  • Experience with integrated financial / manufacturing software packages, an asset.

Note: Those currently holding or working towards a recognized accounting designation will be given preference.

Key Responsibilities
  • Perform all duties and promote themselves in a manner that reflects Formet Expectations and Formet’s Visions/Values through Magna’s Employee Charter.
  • Follow and abide by all government, Legal, Magna and Formet rules and regulations.
  • Contribute to continuous improvement and cost reduction activities.
  • Safeguard all financial/personnel documents and keep all financial/personnel matters private and confidential.
  • Develop and maintain good procedures and systems for all required financial tracking.
  • Protect the assets of the company by continual review and awareness of internal control issues, with appropriate recommendations for improvements.
  • Ensure that all applicable general ledger accounts are reconciled / analyzed to a level acceptable to both internal and external audit tests.
  • Monitor and forecast weekly cash flow, generating required internal cash flow reports. Maintain accounts receivable records.
  • Monitor accounts receivable, ensuring that any overdue amounts are collected on a timely basis.
  • Issue manual invoices and debit memos as required.
  • Set up and maintain production and service sales prices in SAP.
  • Perform retro billing for production and service sales, as required.
  • Maintain general ledger and accounts receivable sub ledger master records in SAP.
  • Maintain foreign exchange rates in SAP.
  • Perform bank and petty cash reconciliations, and maintain all required banking documentation.
  • Prepare any required returns under various tax legislation including HST, R&D tax credits and Stats Canada, etc.
  • Issue blanket HST purchase exemption certificates, as required.
  • Verify reconciliation of A/R intercompany balances, and resolve intercompany disputes.
  • Prepare and reconcile general ledger entries for payroll recording / labour distribution.
  • Prepare Ceridian interface to general ledger for payroll recording/ labour distribution for salary/hourly payroll.
  • Prepare and reconcile GRRSP files for transmission to Magna/Sun Life.
  • Reconcile payroll remittance accounts for EHT, WSIB, and CRA.
  • Liaison with internal and external auditors to ensure compliance, perform YE Working Papers.
  • Be involved in ongoing continuous improvement efforts, to improve timeliness and accuracy of information reporting, and minimize the use of company resources.
  • Prepare overtime reports for management.
  • Prepare daily and weekly sales reports for management.
  • Analyze cost centre reports for MOH analysis.
  • Maintain and reconcile scrap revenue
  • Assist in the preparation of the annual business plan and other forecasts as required.
  • Perform other duties as designated.
Additional Information

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.

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