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Group Accountant
4 months ago
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.
Group Summary
The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.
Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.
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.
About the RoleThe Group Accountant is responsible for the general accounting, banking and accounts payable functions for the US and Canadian Group Office.
Your Responsibilities
- Maintain Group Office ledgers. Perform the month-end close and ensure all month-end close processes are followed and completed timely and accurately according to the closing calendar.
- Prepare all applicable recurring and standard monthly journal entries. Update allocation templates and prepare all corresponding entries.
- Prepare journal entries for all banking transactions including cash receipts and payments.
- Provide support to the Finance Department & Staff, including various month-end tasks such as Inter-company statements, journal entries and Group Office reports.
- Prepare weekly cash flow for Group Office ledgers and report to Corporate Treasury using an online system, Integrity.
- Perform inter-company reconciliation monthly and provide assistance to divisions in solving out-of-balances to ensure intercompany balances remain in balance.
- Prepare month end account reconciliations, including balance sheets and bank reconciliations.
- Perform all aspects of the accounts function by matching purchase orders to Invoices. Create purchase orders and distribute purchase order information to the requisitioner for ordering. Code invoices, expense reports, check requests with appropriate accounting information and obtain approval and signatures for payment from authorized personnel.
- Enter and maintain timely and accurate vendor and invoice information into the accounting software accordance with financial policy, procedures, and contractual agreements. Identify errors or discrepancies and resolve before processing.
- Prepare batch check runs, wire transfers, and ACH transactions including backup documentation. Reconcile accounts payable related accounts. Submit journal entry requests to the Financial Analyst for adjustment to the general ledger, if necessary.
- Research and resolve any outstanding balances on accounts and communicate with vendors.
- Complete credit applications for potential vendors.
- Facilitate preparation and approval of various bank transfer forms as requested and track the process to ensure forms are complete, approved, processed, and filed.
- Assist in other areas of accounting as needed including accounts payable, cost, and accounts receivable.
- Perform other duties as may be assigned by the Director – Financial Reporting.
- Assist in preparing annual audit and tax packages.
- Prepare year-end audit files – Controller Model Files (CMF) for group office entities.
- Organize the accounting storage area and send/recall boxes from storage.
The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.
- Business Acumen: Able to focus on delivering services in a way that enhances / maximizes profitability; ensure that team delivers service in a way that brings out the organization's value and competitive advantage; educate team on important developments within the organization; discuss relevant industry developments with team.
- Entrepreneurial Drive for Results: The ability to find creative solutions and generate results in a dynamic market environment. Need to have a strong sense of urgency and the ability to infuse that in others.
- Influencing & Communication Skills: Keen listening, open-mindedness, and strong interpersonal skills so that necessary alliances with internal & external groups can be forged and developed quickly. Comfortable communicating both formally and informally with senior executives and communicate openly and equitably with peers & subordinates throughout Magna Exteriors & customer organizations.
- Technical / Functional Understanding: Able to serve as a source of technical / functional issues & perspective to others; demonstrate a breadth of technical/functional knowledge outside of core specialty; provide others with opportunities for technical growth; develop the technical competence of others as a way to achieve results; hold people accountable for technical excellence.
To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Skills/Special Knowledge – Bachelor’s Degree in Accounting. 2-5 years of accounting experience required.
Experience – Working knowledge of Word, Excel, Accpac, and Solomon. Good communication skills, Effective organizational skills, Experience in accounting, functions of manufacturing business operations. Detail oriented, high level of ownership, and accuracy. The ability to process large amounts of numerical data. Ability to take responsibility and be accountable. Able to work autonomously and as part of a broader team. Strong time management and prioritization skills.
Physical Demands/Work Environment – Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer, may require travel.
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.
