Jobs at Magna

Job descriptions may display in multiple languages based on your language selection. 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: The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML's expertise light the path to innovation, safety and styling. Job Responsibilities: 1. Strategic Planning (30%) - Collaborate with senior leadership to formulate medium- and long-term financial strategies, considering: - New vehicle launches and market acceptance - Production capacity and supply chain constraints - R&D investment in electric and autonomous vehicle technologies - Fluctuations in raw material costs and currency exchange rates - Conduct in-depth market analysis to capture trends in consumer behavior, regulatory impacts (e.g., emissions and fuel efficiency), and competitive activities. - Build and maintain complex financial models incorporating industry metrics such as production volume, sales mix (vehicle segments), and warranty-related costs. 2. Financial Analysis & Reporting (30%) - Prepare accurate, timely, and segmented financial reports by vehicle categories (e.g., luxury, EV, commercial vehicles). - Analyze financial and operational performance to identify trends, risks, and opportunities, especially those unique to the automotive sector such as inventory management and cost controls. - Support the development of executive presentations and performance commentary tailored to an audience familiar with automotive business dynamics. - Perform standard cost and variance analysis to track actuals against expectations. 3. Budgeting & Forecasting (20%) - Work closely with departmental heads (Sales, Production, Maintenance, Manufacturing, and Program) to develop and maintain annual budgets and rolling forecasts. - Monitor actual results versus budget/forecast and provide variance analysis, taking into account production delays, marketing effectiveness, and shifts in customer demand. - Conduct scenario planning and sensitivity analysis to evaluate the financial impact of key industry changes such as new government regulations, technological disruption, or macroeconomic trends. - Lead and coordinate capital expenditure (CapEx) planning initiatives. 4. Financial Consolidation & Close Process (10%) - Oversee the monthly financial close process, ensuring accuracy, consistency, and compliance with corporate timelines. - Consolidate financial statements across business units and geographic regions to deliver a unified financial overview. 5. Team Leadership & Development (10%) - Lead, coach, and develop a team of FP&A professionals, instilling a strong understanding of the automotive sector. - Support recruitment, onboarding, and upskilling of team members to ensure continued performance and adaptability. - Promote a culture of collaboration, accountability, and continuous improvement across the team. 6. Automotive Industry-Specific Focus - Provide financial modeling and due diligence support for mergers and acquisitions (M&A) in the automotive space. - Remain informed on key trends such as environmental regulation, fuel efficiency standards, and innovation in EV and autonomous technology. - Leverage financial systems and planning tools commonly used in the automotive industry (e.g., Hyperion, Oracle, SAP). Qualifications: - Bachelor's degree in Finance, Accounting, Business Administration, or a related field (CPA or MBA preferred). - 5–7 years of progressive experience in financial planning and analysis, preferably within the automotive industry or a manufacturing environment. - Advanced analytical skills and a strong understanding of financial modeling and forecasting techniques. - Proficient in financial reporting standards (GAAP or IFRS) and industry-specific accounting practices. - Excellent verbal and written communication skills, with the ability to present financial insights clearly to both technical and non-technical audiences. - Strong leadership capabilities with a proven track record of building and managing high-performing teams. - Highly proficient in financial systems and software tools such as Excel, Hyperion Planning, Oracle, and SAP. Core Competencies: 1. Technical Skills (70%) - Financial modeling and forecasting - Financial reporting and performance analysis - Budgeting, standard costing, and variance analysis - Understanding of GAAP/IFRS accounting principles - Knowledge of FP&A systems (e.g., Hyperion Planning, Oracle, SAP) 2. Analytical Skills (20%) - Problem-solving and critical thinking - Market and data analysis - Scenario and sensitivity analysis - Trend identification and strategic interpretation 3. Communication Skills (10%) - Executive-level presentation development - Cross-functional collaboration - Effective written and verbal communication - Influencing and stakeholder engagement Benefits of the Role: - Competitive compensation and benefits package - High visibility with senior leadership and cross-functional teams - Strategic involvement in shaping the company’s future within the automotive industry - Access to ongoing learning and development opportunities in financial planning and automotive trends 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: Regular / Permanent Group: Magna Mechatronics, Mirrors & Lighting