Finance Analyst

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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:

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

Job Responsibilities:

Job title:

Finance Analyst

Job Introduction:

The Financial Analyst is responsible for analyzing financial data, preparing reports, supporting budgeting and forecasting processes, and providing insights that help management make informed business decisions. The role involves monitoring financial performance, identifying trends and risks, and ensuring financial accuracy and compliance.

Major Responsibilities:

• Financial Planning & Analysis (FP&A)
  • Prepare annual budgets, quarterly forecasts, and long-term financial plans.
  • Analyze actual financial performance against budgets and forecasts.
  • Provide variance analysis and recommend corrective actions.
  • Support business units with financial planning and reporting requirements.
• Financial Reporting
  • Prepare monthly, quarterly, and annual financial reports.
  • Develop management dashboards and key performance indicators (KPIs).
  • Ensure accuracy and completeness of financial information.
  • Present financial findings and recommendations to management.
• Business Analysis
  • Conduct profitability, cost, and investment analyses.
  • Support pricing, cost optimization, and business case development.
  • Analyze market trends and business performance metrics.
  • Identify financial risks and opportunities to improve profitability.
• Budgeting & Forecasting
  • Coordinate budget collection and consolidation activities.
  • Maintain financial models for forecasting revenue, costs, and cash flow.
  • Monitor budget utilization and recommend adjustments where required.
• Compliance & Controls
  • Ensure compliance with company policies and financial regulations.
  • Support internal and external audit activities.
  • Assist in improving financial processes and internal controls.
• Stakeholder Support
  • Partner with business leaders to provide financial guidance.
  • Support strategic projects, investment evaluations, and management decisions.
  • Prepare ad hoc financial analyses and presentations as required.

Knowledge and Education:

• Bachelor's degree in Finance, Accounting, Economics, Commerce, or related field.
• Strong understanding of financial statements and accounting principles.
• Advanced proficiency in Microsoft Excel.
• Knowledge of Power BI, Tableau, or financial reporting tools is an advantage.

Work Experience:

• 3-7 years of experience in Financial Planning & Analysis, Finance, or Accounting.
• Experience with ERP systems (SAP, Oracle, Workday, etc.) preferred.

Skills and Competencies:

• Financial Analysis and Modelling
• Budgeting and Forecasting
• Business Acumen
• Analytical and Problem-Solving Skills
• Attention to Detail
• Communication and Presentation Skills
• Stakeholder Management
• Time Management
• Data Interpretation and Reporting

Preferred Certifications:

• MBA (Finance)
• CA / CMA / CPA / CFA (preferred but not mandatory)

Health, Safety & Environment (HSE):

Maintains safe work practices, complies with Magna H&S requirements, and participates in training and hazard reporting.

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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