Financial Analyst

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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.
Group Summary:
Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
Job Responsibilities:
Group Description
At Magna, we create technology that disrupts the industry and solves big problems for consumers, our customers, and the world around us. We're the only mobility technology company and supplier with complete expertise across the entire vehicle.
We are committed to quality and continuous improvement because our products impact millions of people every day. But we're more than what we make. We are a group of entrepreneurial-minded people whose collective expertise gives us a competitive advantage. World Class Manufacturing is a journey and it's our talented people who lead us on this journey.
As we further expand, we are seeking a highly analytical and experienced Senior Financial Analyst to join our Finance team and support our PB&F functions.
Role Summary
As a Financial Analyst, your main objective will be to analyze financial data, perform financial forecasting, and provide valuable insights and recommendations to support strategic decision-making within the organization. You will be part of the process for preparing and compiling financial information for budget and forecast cycles for Corporate North America. In addition to these recurring responsibilities, periodically there will be new initiatives, aimed at strengthening internal reporting, improving processes and identifying areas for improvement. You will work closely with cross-functional teams and management to assess financial performance, identify trends, and implement strategies to drive sustainable growth. You will be part of the North American Corporate Accounting team and working closely with the Corporate teams in Europe and Asia.
Key Responsibilities

• Develop and maintain complex financial models to support financial planning, budgeting, and forecasting activities.
• Monthly and quarterly detailed review of the P&L, variance analysis, and reconciliation.
• Collaborate with cross-functional teams to develop and manage the company's budgeting and forecasting process. This involves creating financial models, analyzing variances, and providing insights on financial performance to support budgeting decisions.
• Prepare and distribute accurate and timely financial reports to management, executives, and other key stakeholders. This includes creating dashboards, executive summaries, and financial presentations that highlight key performance indicators (KPIs) and metrics.
• Prepare management reports to analyze budget-to-actual variance and track department spending vs. actual.
• Identify opportunities for process improvement, including streamlining reporting processes, enhancing financial analysis tools, and automating manual tasks.

Key Qualifications/Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Minimum 3 years of experience in financial analysis, budgeting, forecasting, or related roles
• A team player with strong interpersonal and communication skills, with the ability to work independently while providing support to the Corporate Accounting team
• Strong analytical skills with the ability to synthesize complex financial information effectively
• Proficiency in financial modeling and forecasting techniques
• Experience in conducting financial analysis and producing meaningful reports
• Knowledge and application of quantitative & qualitative financial analysis techniques
• Excellent attention to detail and ability to deliver quality work in a face-paced environment
• Strong verbal and written communication skills, with the ability to present complex financial concepts in a clear and concise manner
• Professional designations (e.g., CFA, CPA) are preferred
• Proficiency in MSO (e.g., Excel, PPT, SharePoint) and financial systems (e.g., SAP, OneStream, Hyperion)
• Strong working knowledge of Power Query, Power BI, VBA, and such would be highly desirable

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 or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
Worker Type:
Fixed Term (Fixed Term)
Group:
Magna Corporate