Financial Cost Analyst - Milton, Canada - Magna International Inc

Magna International Inc

Verified Company

Milton, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary
The Financial Cost Analyst will be responsible for all inventory valuation, coordinating and reconciling inventory counts, month end inventory settlement, preparing account analysis, foreign exchange and other exposures analysis, business plan, forecast and reforecast support, overhead and labour rate maintenance, reconciliations and reports

Minimum Requirements

CPA designation or currently enrolled in CPA program
Minimum college diploma in accounting or business
Ability to perform root cause analysis and problem solve
Proficient with Microsoft Office Applications
Experience using CMS or a similar ERP system
Strong organizational, research and interpersonal skills
Ability to present financial analysis to different levels of management
Strong attention to accuracy and detail
Good understanding of US GAAP
Ability to uphold confidentiality
Demonstrates the ability to work effectively in a team environment
Ability to work overtime to meet customer needs
Ability to adhere to strict deadlines, work well under time constraints and strong time management skills

Job Duties and Responsibilities

Develops and maintains standard material, labour and overhead rates for inventory
Analysis of sales prices and cost changes on monthly basis. Follows up with other departments on reason for prices changes
Ensures thorough analysis that CMS system properly accounts for costs and revenues
Performs and analyzes period end accounting close in CMS
Reconciles inventory and other accounts, including coordinating the annual physical inventory count audit and/or auditing and analyzing the cycle count results.
Prepares sales analysis weekly and monthly per requirements
Analyzes financial results and prepare forecasts
Supports preparation of the annual business plan.
Setup new vendors in ERP system and for EFT payments
Coordinates and facilitates analysis of tooling costs and revenues with commercial team and prepares all cost summaries for the company
Prepares tooling journal entries and F6 reconciliation at month end
Performs quarterly currency exposures
Help with coordination of tooling and capital invoices for proper signoffs and circulates in a timely manner. Tracks and keeps audit file for Customer audit
Supports creation of the annual yearend audit file for the inventory, tooling, revenue and expense sections.
Oversees CMS projects (EDI invoices, Steel resale) and aid in processing until projects implemented
Follows and complies with all Operational Procedures and Policies as outlined in the Employee Handbook, Quality and Environment programs (i.e. TS16949, ISO14001)
Understands, promotes and lives by Magna's philosophies and Employee Charter
Adheres to Modatek's core values; integrity, respect, trust, honesty, fairness and loyalty
Performs other duties as required

Physical Requirements

Physically able to perform the essential duties of the position

Working Conditions

Office Environment

Team MemberHealth & Safety Responsibilities

Use or wear the protective equipment required by Modatek Systems and work in compliance with the Ontario Occupational Health & Safety Act and the regulations
Report to his/her Leader or designate any contravention of the act, any known hazards or defects in equipment
Do not alter any protective device, engage in horseplay/inappropriate conduct or operate any equipment that may endanger himself/herself or any other Team Member

Job Types:
Full-time, Permanent

Benefits: