Magna Powertrain is a premier supplier for the global automotive industry, focused on creating world-class powertrain systems. The Jr. Financial Analyst (Co-op) will be responsible for verifying invoices, reconciling vendor accounts, and assisting in the financial reporting process, contributing to the overall financial results of the group.
Responsibilities
Receive and verify invoices and requisitions for goods and services
Ensure intercompany balances are reconciled at month end
Verify vendor accounts by reconciling monthly statements and related transactions
Ensuring intercompany balances are reconciled at month end and documented appropriately
Participate in the overall consolidation of the group’s financial results in accordance with reporting timelines and parent company policies
Follow-up with product groups and operating entities on data integrity in the financial reporting system (HFM)
Bring visibility to potential exceptions to accounting policies and procedures
Support the creation of key financial reports and other key operating metrics on a monthly basis for distribution to executive management
Prepare internal and external reporting schedules on a quarterly basis with emphasis on group accruals
Assist with planning and communication to product groups and regional teams for reporting timelines (quarter end, year-end etc.)
Assist with preparation and review of month-end binders to ensure appropriate documentation are maintained for audit review
Review of operating entity balances sheets to understand major fluctuations
Assist in the Global Office budget preparation through analytics and data integrity
Assist in the annual review of divisional year-end files to ensure compliance with parent company policies and accounting practices
Follow Magna’s Code of Conduct and Ethics and related compliance policies
Additional duties and responsibilities as assigned
Qualification
Required
Receive and verify invoices and requisitions for goods and services
Ensure intercompany balances are reconciled at month end
Verify vendor accounts by reconciling monthly statements and related transactions
Ensuring intercompany balances are reconciled at month end and documented appropriately
Participate in the overall consolidation of the group's financial results in accordance with reporting timelines and parent company policies
Follow-up with product groups and operating entities on data integrity in the financial reporting system (HFM)
Bring visibility to potential exceptions to accounting policies and procedures
Support the creation of key financial reports and other key operating metrics on a monthly basis for distribution to executive management
Prepare internal and external reporting schedules on a quarterly basis with emphasis on group accruals
Assist with planning and communication to product groups and regional teams for reporting timelines (quarter end, year-end etc.)
Assist with preparation and review of month-end binders to ensure appropriate documentation are maintained for audit review
Review of operating entity balances sheets to understand major fluctuations
Assist in the Global Office budget preparation through analytics and data integrity
Assist in the annual review of divisional year-end files to ensure compliance with parent company policies and accounting practices
Follow Magna's Code of Conduct and Ethics and related compliance policies
Additional duties and responsibilities as assigned
Preferred
Magna International is a mobility tech company and auto supplier that engages in body exteriors, structures, power, vision, and seating.
