Cost Accountant

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.

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.

Minimum Requirements

• Bachelor’s Degree in accounting, finance, or related field. CPA, CMA, or MBA a plus.
• Five or more years accounting experience in a manufacturing environment or suitable experience.
• Strong project management skills.
• Strong computer skills including Microsoft Excel.
• Experience with standard costing, especially in SAP, an advantage.
• Communicate clearly with customer focus.
• Assign the highest priority to customer satisfaction while meeting commitments to achieve business objectives.
• Ability to work independently and solve problems.

Job Specific

• Manage assigned areas of the General Ledger, including inventory accounts (Production, Tooling, Prototype, MRO Spares)
• Operate in compliance with Sarbanes-Oxley requirements
• Analyze monthly spending
• Contribute to the preparation of annual plant budget and quarterly forecasts
• Develop annual material, labor and overhead standards
• Ensure accuracy of plant production reporting
• Perform analysis of manufacturing costs and variances
• Work with Materials department to optimize and accurately report inventory
• Examine, analyze and interpret production variances for manufacturing and financial management including material, labor, and overhead variance
• Inventory valuation and reconciliation including perpetual, WIP, in transit, capitalized variances and excess & obsolete inventory reserves
• Standard cost development and maintenance, including cost rolls, review BOM, routings, & Purchase Order history
• Update and maintain Product Line Profitability analysis
• Support Program Management as program controller, providing business cases and other input to quotes for new business and customer change orders
• Review and resolve Standard Costing issues prompted by the ERP system
• Contribute to continuous improvement and cost reduction activities.
• All other duties as assigned.

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.

As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team.

Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.

Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.

If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.

Regular / Permanent

Magna Powertrain