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Financial Analyst

Job Number:  61777
Group:  Magna Mechatronics, Mirrors & Lighting
Division:  Dortec - Newmarket
Job Type:  Permanent/Regular

Newmarket, ONTARIO, CA, L3X 2S2

Work Style: 



Job Number: 61777 
Group: Magna Mechatronics, Mirrors & Lighting  
Division: Dortec - Newmarket 
Job Type: Permanent/Regular 
Location: NEWMARKET 


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.


So, what's in it for you?
Full-time permanent position with full benefits (health and dental flex plans), paid time off, RRSP match plus a Magna Base Contribution, profit sharing, flexible working arrangements, advancement opportunities, tuition reimbursement, incentive programs, employee discounts and so much more! If this sounds enticing, apply today!

Role Summary

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

Key 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

Key Qualifications/Requirements

  • Completion of community college diploma/certificate.
  • 3 to less than 5 years of work related experience.
  • Professional designation (CA, CGA or CMA) preferred.

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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