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Financial Analyst

Company: Magna International Inc.
Location: Bowling Green
Posted on: September 20, 2022

Job Description:

Job Number: 47955
Group: Cosma International
Division: Bowling Green Metalforming
Job Type: Permanent/Regular
Location: BOWLING GREEN Group Description Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market. Role Summary To support the BGM Finance Department with growing financial reporting & analysis requirements. To improve the frequency and scope of reporting and record keeping. To assist with month-end closing support. Key Responsibilities Responsible for preparation of reports to include, but not limited to Cost of Quality by production department, Labor Efficiency and Productivity by program, Weekly Major Spending Variances, and Monthly Detailed Contribution Margin reports. Responsibilities also consist of validating other department cost savings, maintaining/assisting with resolution of outstanding lists, assisting with analysis/forecasting of various statements/reports along with month ending journal entry support. Key Qualifications/Requirements ESSENTIAL FUNCTIONS OF THE POSITIONS: Prepare cost of quality by Department - Press, Frames, Cradles and Body
Prepare labor efficiency and productivity reports by program
Assist in preparing and analyzing actual forecast business plan department statements to support monthly spending reviews
Prepare weekly tracking of major spending variances
Validate other departments' cost savings
Assist with weekly, monthly, quarterly, and business plan forecasting and analysis
Prepare monthly detailed contribution margin report (COSMA) and analysis
Maintain outstanding lists with customer/commercial and purchasing departments and assist with resolving
Month ending statement - accruals and recommendations
Build tooling database in SAGE
Assist with monthly COSMA tooling report
Month ending journal entry support POSITION REQUIREMENTS SKILL (Ability to do the job)
Must have good problem solving skills
Must have good communication and organizational skills
Must have a good working knowledge of standard cost system
Must be able to pay good attention to detail
Additional Information PHYSICAL DEMANDS Some of the physical demands for this position include the ability to sit for prolonged periods of time, and occasional bending and stooping. EQUIPMENT / TOOLS USED Some of the equipment and tools used are a computer, telephone, copier/printer, fax machine, and a calculator. EDUCATION High School Diploma or GED required; Bachelor's degree in Accounting or a related field is preferred, or equivalent experience TECHNICAL TRAINING Experience with integrated financial/manufacturing software packages, SAP preferred. OTHER Computer skills; proficient in Microsoft Word, and Excel. WORK EXPERIENCE Minimum of 3-5 years of financial reporting and analysis, cost accounting, month ending journal entries.
Automotive manufacturing WHAT ADDITIONAL SKILLS OR ABILITIES WOULD BE HELPFUL FOR THE JOB? Leadership development skills
Ability to manage projects/programs to meet BGM needs
Lean manufacturing concepts
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 to comply with GDPR requirements and your local Data Privacy Law.

Keywords: Magna International Inc., Bowling Green , Financial Analyst, Professions , Bowling Green, Kentucky

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