Financial Analyst

2 weeks ago


Newmarket, Canada Magna International Inc. Full time

**Group Description**

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.

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

**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

**QUALIFICATIONS & SKILLS**:

- Completion of community college diploma/certificate.
- 3-7 years of work related experience.
- Professional designation (CA, CGA or CMA) preferred or in progress
- Previous experience in the manufacturing industry preferred


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