Finance Co-op Student

4 months ago

St Thomas, Canada Magna International Inc. Full time

**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**:
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.

**About the Role**:
The Finance Intern is responsible for providing financial support to the Finance Department in order to ensure effective, efficient and accurate financial, and administrative operations. Under the general direction of the Financial Controller, the Finance Intern performs a variety of administrative duties in accordance with standard departmental and ISO/AITF-16949 procedures or general instructions. The incumbent must possess good communication skills, both verbal and written, to exchange and/or collect information from various contacts inside and outside the Finance department. The incumbent works in an office environment but may be exposed to some elements such as temperature and noise when passing through the plant area.

**Your Responsibilities**:

- Enter supplier invoices and match to goods receipts in system while ensuring internal control compliance.
- Obtain required approvals for all FTC payments.
- Process payment runs to create payments to suppliers (cheques and electronic funds transfers) and obtain required payment approvals.
- Responsible for preparing general ledger reconciliations on a monthly basis.
- Enter supplier debit notes to suppliers for costs related to quality issues or defective materials.
- Verify invoice quantities and amounts and code for distribution/payment, where necessary.
- Prepare daily and weekly labour reports and communicate labour statistics to senior management.
- Complete the required number of vendor statement reconciliations monthly.
- Assist in the preparation of year-end audit papers for the division.
- Intermediate level excel skills - formulas, formatting, sumIF, etc.
- CMS - AP and GL sections.
- Assist in the organization and completion of the annual fixed asset inventory.
- Determine ways to improve or streamline the approval, invoice posting or payment process.
- Respond to supplier payment status inquiries in a professional manner.
- Work with various team members to achieve FTC invoice approvals.

**Who we are looking for**:
Someone Who:

- Has excellent communication, interpersonal and organizational skills.
- has previous employment experience in a similar role (preferred, but not required).

**Your preferred qualifications**:

- Working towards a degree in Accounting, Finance, or Business-related field.
- Computer literacy in related software required I.e. Microsoft Office, (Excel, Word)

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

**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.
- $24.55/hour ($51,064 annually)
- 4% vacation
- Potential bonus of $2k annually

**Site Benefits**:

- Weekly pay via direct deposit.
- Company Barbecues and Christmas Party.

**Awareness. Unity. Empowerment.**:

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