Sr. Accountant

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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:

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.

Job Responsibilities:

PURPOSE OF POSITION:

The senior accountant plays a critical role in managing financial activities within Magna Structures Tennessee. This position ensures the accuracy of the financial records, compliance with regulations, and provides insightful analysis to support the business's processes and efficiency.

Responsibilities

• Assist with month-end and year-end closing processes including OneStream loading
• Prepare month-end journal entries
• Prepare and review necessary financial reports, statements, and templates
• Oversee general ledger maintenance and reviewing trial balance
• Prepare schedules and monthly binders ensuring Magna Minimum controls are met
• Actively involved in inventory processes-costing, cycle counts, standard vs actual cost reviews/roll-ups/reports and ensuring correctness of BOMs by shop-floor verification
• Assisting in the budgeting and forecasting processes
• Responsible for the tracking and reporting of capital & tooling projects per Magna guidelines
• Actively support the implementation and tracking of all cost reduction programs
• Assist in the preparation of the annual Controller's Model file.
• Applies accounting expertise to ensure financial records & statements are in accordance with GAAP and Magna Finance Policy.
• Maintain compliance with Mafact guidelines related to Finance
• All other duties as required

Education and/or Experience:

• Bachelor's degree in accounting, finance, or related field preferred
• Minimum 5 years relevant experience - manufacturing experience a plus

Knowledge, Skills, and Abilities:

• ERP systems (CMS)
• GAAP compliance
• Financial and variance analysis
• Budgeting and forecasting
• Reconciliation
• Auditing

AREAS OF TRAINING REQUIRED:

Must have New Hire Orientation, Safety, and Understanding of the Charter prior to or within the first two weeks of assuming the role.

Work Conduct (Health, Safety, Quality, Cost and Environment)

Every associate is required to; work safely and contribute to the health and safety of others; and deliver products & services conforming to required quality standards without negative impact to the environment or company (unnecessary cost or scandal exposure).This is an important condition of employment and it is the duty of each employee to accept and follow established policies, rules, procedures and instructions, especially pertaining to, but not limited to: the use of personal protective equipment; controlled access in restricted areas; qualified operation of machinery; mandated cost commitment; approved access to data; and general conduct in accordance to corporate image, the environment, management, piers and subordinates.

Despite the best efforts in establishing the policies, rules, procedures and instructions mentioned in this provision, they do not cover every probability and or general situations where it is deemed to constitute "common sense."

The individual is accountable to immediately address unsafe conditions and non-compliance issues.

MONITORED FOR COMPETENCY:

The Team Member's job progress will be monitored for competency by performance assessments conducted by Supervisor and/or Department Manager.

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 o