Sr. Financial Analyst Reporting Operations NA

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.

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.

Position Overview:

To support the North American Operations of Magna Powertrain in the consolidation and financial reporting processes, including monthly analysis of operating results, validation of data accuracy and integrity across various financial systems, participation in monthly operating results meetings, and support of other financial projects and initiatives. Additionally, co‑develop and support the Magna Powertrain global Business Planning and Forecasting processes, ensuring alignment with corporate objectives, financial requirements, and operational priorities.

Salary :
Starting at $90,000 + Annual Discretionary Bonus

• Financial Reporting and Analysis
• Assist in the preparation of the monthly First Indication Report (FIR) to communicate Group financial results.
• Generate and distribute key monthly financial reports to management.
• Prepare the monthly P&L summary by division and present key results and variances to the Product Group Finance Team.
• Identify and bring visibility to potential exceptions to Magna’s accounting policies and procedures.
• Assist in preparing financial presentations for quarterly review meetings, highlighting key financial results, trends, and variances.
• Prepare quarterly financial schedules and reporting packages for submission to Magna International to support external reporting requirements.
• Consolidation Lead the overall consolidation of Group financial results, ensuring adherence to MPT and Magna reporting timelines, including coordinating and managing the divisional results load into One Stream.
• Review divisional balance sheets to identify and understand significant fluctuations, unusual movements, and key financial risk areas.
• Ensure appropriate month‑end supporting documentation is maintained online and readily available to support internal and external audit requirements.
• Follow up with divisions to resolve data integrity issues and One Stream‑related discrepancies, ensuring accurate and timely financial reporting.
• Business Planning and Forecasting Lead the consolidation and standardized financial reporting of the Group’s annual 7‑Year Business Plan, ensuring accuracy and adherence to reporting requirements.
• Assist in reviewing divisional Business Plans to assess reasonability of key financial assumptions, including sales, margins, P&L rolls, and other major drivers.
• Support divisional controllers with One Stream submissions, including load templates, troubleshooting, and resolution of data integrity issues.
• Analyze and consolidate quarterly divisional forecasts, identifying key trends, variances, and risks for Group‑level reporting.
• Assist in the preparation of quarterly forecast and Business Plan presentations for…