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Accounting Manager

Job Number:  60701
Group:  Magna Powertrain
Division:  MSM
Job Type:  Permanent/Regular

Vaughan, ONTARIO, CA, L4H 0S9

Work Style: 



Job Number: 60701 
Group: Magna Powertrain  
Division: MSM 
Job Type: Permanent/Regular 
Location: VAUGHAN 


Group Introduction

Advancing mobility. Making automotive technology that is smarter, cleaner, and safer, while still fun to drive. And making it for everyone. That’s what we’re passionate about at Magna Powertrain. We do it by creating world-class powertrain solutions for conventional, hybrid, and pure electric vehicles. We’re making electrification more than a buzzword, we’re bringing it to the road. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.


Minimum Qualifications:

  • Must have University degree in accounting or finance
  • Must be working towards CPA designation
  • Minimum five (5) years of progressive accounting experience in a manufacturing environment 
  • Must possess sound knowledge of PC based computer software (e.g.-accounting/ Microsoft office)
  • Demonstrated strong technical knowledge of Canadian GAAP and SOX404
  • Experience with, and excellent knowledge of TS16949 and ISO14001 systems
  • Excellent documentation and organizational skills
  • Excellent initiative, leadership and problem solving skills
  • Highly developed time management and follow-up skills with the ability to handle multiple-tasks
  • Strong task ownership and superior work ethic
  • Excellent English language communication skills (both written and verbal)
  • Must be flexible in respect to hours of work including weekends
  • Ability to work independently without frequent supervision.


Key Responsibilities:

  • Manage the financial controls & reporting of the production cycle, including customer purchase orders and commercial agreements.
  • Review and approve requisitions in SAP
  • Set up and maintain Pricing Conditions for customer sales in SAP
  • Review and approve employee expense reimbursement reports and forward to Payroll for payment
  • Prepare journal entries in SAP to ensure all bank transactions are properly accounted for
  • Manage the financial control & reporting of fixed assets, including accounting for fixed assets, capital plan and appropriation, tracking of fixed asset commitments and asset impairment assessment.
  • Manage the financial control & reporting of manufacturing costs, including actual manufacturing costs, manufacturing department budgets & forecasting, cost containment and headcount reporting & projections.
  • Manage other financial responsibilities, including corporate financial reporting (monthly, quarterly, annual requirements), month-end closing process and business plan.
  • Prepare monthly reconciliations for all balance sheet accounts with the Finance team
  • Manage & track customer billing tooling commitments and compliance
  • Ensure plant financials are compliant with all Magna Corporate & legal requirements and regulations.
  • Assist with the financial analysis and advice as required to the Controller.
  • Work in compliance with SOX 404 requirements, including audit preparation.
  • Responsible for the safeguarding of company assets through approval and proper account distribution of all expenditures and reviewing and following up on all open receivables on an ongoing basis.
  • Lead preparation of the annual budget and periodic updated forecasts as well as subsequent monthly variance analysis.
  • Lead with the preparation of the annual audit file and coordinate with the external auditors in their subsequent examination of the divisions financial statements.
  • Ensure that a complete and accurate set of accounting records is maintained according to Generally Accepted Accounting Principles and following corporate procedures.
  • Participate in annual physical inventory count process
  • Supervise Finance administrative staff.
  • Control working hours of employees within department through ADP system; ensure attendance is monitored and approve vacation, floaters, etc.
  • Objectively prepares and conducts employee appraisals in a timely manner.

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