Controller

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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:

POSITION SUMMARY:

The Controller is responsible for supporting both the Department Leader and the Assistant Department Leader by overseeing all Finance functions. The Controller is expected to maintain adherence to the Magna Minimum Controls and is responsible for employees in finance and accounting functions. The Controller will have excellent presentation, motivational and team building skills and balance multiple tasks in a fast-paced manufacturing environment with a positive attitude.

This position has been posted to fill an existing vacancy.

POSITION SALARY

$125,000 - $155,000 CAD Annually

This range reflects only the base salary and does not include other components of our total compensation package, such as bonuses, the Continuous Improvement Program, GRRSP Matching, MBC Program, and other variable benefits.

WHO WE ARE LOOKING FOR:

• Must poses a CPA.
• Minimum 5 years of experience in a manufacturing environment.
• Minimum 3 years of leadership experience.
• Experience with integrated financial / manufacturing software packages and SAP.

DUTIES & RESPONSIBILITIES:

• Adhere to Magna Minimum Controls Guidelines
• Provide future development/direction for department (continuously improve processes).
• Safeguard all financial documents and keep all financial matters private and confidential.
• Responsible for maintaining the accuracy and integrity of the general ledger accounting system.
• Protect the assets of the company by continual review and awareness of internal control issues, with appropriate recommendations for improvements.
• Ensure SOX guidelines are adhered to.
• Analyze and approve all general ledger reconciliations to ensure compliance with both internal and external audit tests as required.
• Analyze and present month end financial statement package to senior leadership
• Analyze monthly actual results compared to budget and forecast. Investigate variances and make recommendations to improve operations.
• Prepare periodic reports for management and corporate requests.
• Ensure an accurate cost tracking and allocation system for the plant is maintained. Ensure the accuracy and integrity of the costing and inventory systems.
• Ensure proper approval, recognition, tracking and safeguarding of capital assets.
• Monitor accounts receivable/payable ensuring that all amounts are collected/paid on a timely basis.
• Ensure the timely and accurate payment of all payroll and related benefits.
• Oversee the recognition of tool revenue/expense/profit.
• Oversee the preparation of the annual financial budget, 7-year plan and monthly forecasts.
• Ensure all department deliverables meet the required deadlines.
• Liaison with internal and external auditors to ensure compliance and complete year end working papers.
• Be involved in ongoing continuous improvement efforts, to improve timeliness and accuracy of information reporting, and minimize the use of company resources.
• Establish and ensure the Formet Business Plan and Departmental Goals and Objectives are met (People, Investor, Customer)
• Develop and support departmental succession plans.
• Develop programs for record retention, continuous improvement, build standards and job training.
• Participate in the creation and implementation of clearly defined rules of conduct and communications.
• Lead the Finance team and ensure their development by monitoring their performance, providing feedback, mentoring and coaching.
• Attend meetings with Department Leaders, Steering Team, and extended Steering Team.
• Perform other duties as designated.

SALARY TEAM MEMBER BENEFITS:

• Weekly pay via direct deposit.
• Vacation entitlement: 2 weeks of paid vacation (3 weeks after 3 years) + 4 company paid holidays + 2x ½ days = 15 days annually.
• Medical and dental benefits after 1 month of employment.
• Free on-site counselling.
• Magna will contribute an amount equal to 3% of regular earnings every week to your retirement savings (MBC program).
• Profit sharing paid in the second quarter of every year (EEPPP Program).
• Matched GRRSP.
• Company paid life insurance and accidental death and dismemberment (AD&D).
• Optional group life insurance and critical illness insurance for self and spouse.
• Safety shoe, prescription safety glasses and custom molded earplug allowance.
• Company BBQ, holiday parties and company events.
• Corporate social responsibility initiatives - 6k for water walk, support local charities (Hospice of Elgin, Adopt a Family (12 in total), STEGH), Children’s Health Foundation and many more).
• Magna Service Award Program.
• Roger’s and Bell cellphone data plan available - as low as $50/month!
• Subsidized cafeteria with daily specials including hot vegetarian options - we are known for our amazing cafeteria! Free coffee, juice, and tea.
• Educational Assistance Program.
• Employee discounts: new vehicles, amusement parks, etc.
• Plant-wide continuous improvement program: 2025 bonus = $1930
• You get to work with a FANTASTIC Team! One Team, One Formet!

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.

AI-Assisted Screening Disclosure

As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.

Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.

If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.

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