Financial Analyst

2 weeks ago


Brampton, Canada Magna International Inc. Full time

**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.

**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.

**About the Role**:
Reporting to the Director of Finance, the Financial Analyst is accountable for supporting the analysis of the financial statements for nine operating facilities in Canada. The individual will ensure the accuracy of the financial statement close process, performance of internal controls (including account reconciliations), analysis and timely, insightful, action-oriented variance reporting and overall leading-edge financial support. The role is based out of Cosma International Group Office in Brampton.

**Your Responsibilities**:

- Consolidation of financials of the nine Canadian operating plants, ensuring data is accurately represented.
- Responsible for assisting in month end process, including journal entry preparation and financial analysis. Focus on analysis of data and providing recommendations.
- Validation checks (opening balances, continuity accounts, headcount).
- Prepare monthly balance sheet reconciliations including, but not limited to, intercompany reconciliations, capital spending, and other liability accruals.
- Submission of monthly and quarterly schedules to Cosma International Group Office.
- Support preparation of quarterly presentation to Cosma International Group Office.
- Support the annual budgeting and quarterly forecasting processes.
- Provides ad hoc assistance on projects/initiatives within the unit/team.
- Identify opportunities and provide recommendations to streamline reporting and other existing processes to improve efficiency and enable better business decisions.
- Analyze and interpret financial and operational performance and tracking of key operational objectives and strategic initiatives.

**Who We Are Looking For**:

- Completion of University or college education in Business Administration, Commerce, Finance or related fields.
- Professional accounting designation (CMA, CGA, CA), or equivalent is preferred.
- 1 to 3 years of related experience

**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.

In addition, we offer you the following site benefits:

- Hybrid work environment
- An extensive training program and exciting internal development opportunities
- On-site subsidized cafeteria

**Awareness. Unity. Empowerment.**:


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