Jr. Financial Analyst (Co-op)

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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:

• Receive and verify invoices and requisitions for goods and services.
• Ensure intercompany balances are reconciled at month end.
• Verify vendor accounts by reconciling monthly statements and related transactions
• Ensuring intercompany balances are reconciled at month end and documented appropriately
• Participate in the overall consolidation of the group’s financial results in accordance with reporting timelines and parent company policies
• Follow-up with product groups and operating entities on data integrity in the financial reporting system (HFM)
• Bring visibility to potential exceptions to accounting policies and procedures
• Support the creation of key financial reports and other key operating metrics on a monthly basis for distribution to executive management
• Prepare internal and external reporting schedules on a quarterly basis with emphasis on group accruals
• Assist with planning and communication to product groups and regional teams for reporting timelines (quarter end, year-end etc.)
• Assist with preparation and review of month-end binders to ensure appropriate documentation are maintained for audit review
• Review of operating entity balances sheets to understand major fluctuations
• Assist in the Global Office budget preparation through analytics and data integrity
• Assist in the annual review of divisional year-end files to ensure compliance with parent company policies and accounting practices
• Follow Magna’s Code of Conduct and Ethics and related compliance policies
• Additional duties and responsibilities as assigned

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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