Disbursements Analyst

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.

Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.

Responsible for the payment of all vendors to the Troy facility including the related accounting and financial analysis. Disbursements Analyst is responsible for preparing all accounting functions for a program. Prepares reporting, reconciliations, journal entries, results, business plan, billings, and other assigned duties in line with the program.

•    Responsible for managing the Troy Group Office (GO) Accounts Payable process which includes the three- way match (invoice, receipt, and PO), answering and resolving vendor inquiries and discrepancies.
•    Prepare, analyze, and release weekly payment processing runs (checks/wires/ACH, attach support to payments, coordinate the signing of the checks).
•    Prepare, reconcile, and release bank deposits as required (checks, cash) and prepare the deposit support schedule, ensuring that correctly coded ledger entries are made.
•    Prepare, track, and ensure wire transfers are booked appropriately and in consideration of cash position of GO Troy. 
•    Analyze invoices for any required State Use Tax self-assessments and prepare the summary reconciliation schedule and payment of the State Use taxes. 
•    Reconcile supplier statements and the Accounts Payable subledger to the General Ledger and resolve and reconcile discrepancies.
•    Prepare journal entries to be posted in SAP.
•    Complete the audit of Troy’s expense reports and serves as a contact point for  
Concur expense reporting issues for the GO Troy entity.
•    Analyzes and updates the monthly inter/intra company invoices and resolves discrepancies and recommends cost distribution to appropriate entities.
•    Analyzes and prepares monthly departmental reporting of discretionary costs (cell phone, etc), ensures that the accounts balance to each department.
•    Ensures accurate and correct headcount reporting and completes the monthly headcount report, as well as resolve errors and discrepancies.
•    Analyzes and prepares audit support schedules and completes the Controllers Audit file as required.
•    Complete the preparation and issuance of the vendor 1099 reports, resolves discrepancies, and adjusts entries accordingly.
•    Serves as backup for the Accountant position which includes weekly cash forecasting, daily banking, preparing journal entries and reconciling accounts.
•    Practice and maintain integrity while following Magna’s Charter and Constitution.
•    Create a positive work environment by demonstrating and sharing functional / technical knowledge.
•    Develop and maintain a cooperative working relationship with internal and external customers.
•    Promote and seek excellence in all aspects of business.
•    Supports and adheres to policies, procedures and operational guidelines related to established quality management system (IATF).
•    Comply with safety policies and procedures to ensure duties of self are performed in a safe manner.
•    Follow Magna’s Code of Conduct and Ethics and related compliance policies.
•    Perform additional duties and responsibilities as assigned.

• Bachelor’s Degree in Accounting or Finance required
• 1-3 years in an accounting or finance role a plus; experience with manufacturing a plus.

• Proficient in Microsoft Office Excel and an aptitude to quickly learn other software and applications; experience in SAP preferred.

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.

Internal and External opportunities provided

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.