Staff Accountant

Magna International, Inc

Holly, Michigan

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JOB DETAILS

SKILLS

Accounting, Accounting Close, Accounting Policies, Accounts Payable, Accounts Receivable, Actuals, Automotive Industry, Automotive Technology, Balance Sheet, Cargo/Freight, Corporate Finance, Cost Accounting, Cross-Functional, Data Mapping, Data Quality, Documentation, Electronics, Electronics Manufacturing, External Audit, Finance, Financial Analysis, Financial Operations, Financial Planning and Analysis (FP&A), Financial Reporting, General Ledger Accounting, Generally Accepted Accounting Principles (GAAP), IR (Infrared), Internal Audit, Inventory Costs, Inventory Cycle Counts, Journal Entries, Maintain Compliance, Manufacturing, Microsoft Excel, Profit & Loss, Quality Management, Reconciliation, SAP, Safety/Work Safety, Sarbanes-Oxley Act (SOX), Supply Chain Operations, System Test, Test Plan/Schedule, Time Management, Variance Analysis

LOCATION

Holly, Michigan

POSTED

30+ days ago

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:

Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That's what we're passionate about at Magna Electronics, and we do it by creating world-class Electronic systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex Electronic 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 Electronics.

Job Responsibilities:

Position Summary

The Staff Accountant supports the plant's financial operations by maintaining accurate general ledger records, preparing balance sheet reconciliations, supporting month-end and quarter-end close processes, validating data between SAP and OneStream, and ensuring compliance with internal controls and SOX requirements. Reporting to the Assistant Controller, this role partners with AP/AR, Cost Accounting, FP&A, Operations, and Group / Corporate Finance to ensure timely and accurate financial reporting.

General Ledger Management

• Prepare and post journal entries in SAP, including accruals, reclasses, inventory-related entries, and standard accounting adjustments.

• Ensure proper documentation, approvals, and compliance with accounting policies and U.S. GAAP.

• Support month-end and quarter-end close activities under the direction of the Assistant Controller.

• Validate the accuracy of SAP actuals flowing into OneStream, resolving mapping or data issues.

Balance Sheet Reconciliation Ownership

• Prepare timely monthly balance sheet reconciliations for assigned accounts.

• Investigate reconciling items and partner with AP, AR, Cost Accounting, and Operations to resolve root causes.

• Maintain high-quality reconciliation documentation aligned with SOX/internal control requirements.

Account Mapping & Master Data Governance

• Maintain and validate account mappings between SAP and OneStream to ensure accurate financial reporting.

• Support chart-of-accounts governance and ensure consistent account usage across the plant.

• Assist with system testing when mapping rules or reporting structures are updated.

Internal Controls & SOX Compliance

• Execute required journal entry controls, reconciliation approvals, and financial data validations.

• Participate in quarterly user access reviews for SAP and OneStream.

• Prepare audit support schedules and assist with internal/external audit inquiries.

• Identify opportunities to improve internal controls and standardize processes.

Financial Reporting Support

• Prepare month-end schedules and supporting documentation for plant and corporate reporting.

• Provide variance explanations for P&L and balance sheet accounts.

• Support FP&A by ensuring alignment of SAP data with OneStream reporting.

• Assist the Assistant Controller with ad hoc analysis and reporting requests.

Cross-Functional Collaboration

• Work with Cost Accounting on inventory account accuracy, PPV, scrap entries, cycle count adjustments, and other manufacturing-related financial impacts.

• Collaborate with AP/AR to resolve unmatched receipts, aged items, and transactional discrepancies.

• Partner with Operations and Supply Chain on GR/IR cleanup, freight accruals, and inventory movement accuracy.

Qualifications & Experience

Education:

• Bachelor's degree in Accounting, Finance, or related field.

Experience:

• 3-5 years of accounting experience; manufacturing experience strongly preferred.

• Hands-on experience with SAP for accounting activities.

• Familiarity with OneStream for financial reporting and data validation.

• Strong understanding of U.S. GAAP and internal control frameworks.

Technical Skills

• Strong Excel skills

About the Company

Magna International, Inc

We are a leading global automotive supplier with 347 manufacturing facilities and 94 product development, engineering and sales centres in 27 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.

COMPANY SIZE

10,000 employees or more

INDUSTRY

Automotive and Parts Mfg

FOUNDED

1957

WEBSITE

http://www.magna.com/

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