The Jr. Accountant performs accounting tasks, financial analysis, manages month-end closing duties, and ensures accuracy in financial reporting and payables processing.
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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:
The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML's expertise light the path to innovation, safety and styling.
Job Responsibilities:
JOB OVERVIEW
The Jr. Accountant is responsible for performing accounting, financial analysis and month end close duties.
Salary Range: $63,500 - $73,500
FORMAL QUALIFICATIONS• A post-secondary diploma in an accounting or finance discipline is required• CPA designation or actively pursuing designation an asset• Proficiency in Excel and Power BI• Problem analysis and resolution skills
CORE COMPETENCIES• Solid understanding of GAAPs• Thorough knowledge of full accounts payable/receivable process• Proficient knowledge of CM (or other ERP system) an asset• Excellent time management, planning and organizational skills• Attention to detail / organizational skills• Good interpersonal skills and ability to work in a team environment• Excellent written and verbal communication skills• Innovative, self motivated and excited to take initiative• Maintains confidentiality.• Able to work to deadlines with minimal supervision.
KEY JOB RESPONSIBILITIES
Responsibilities will evolve based on the skill set and level of experience of the Jr. Accountant and will consist of, but is not limited to:• Prepare Journal entries, required accruals and general ledger account reconciliations• Cost variance analysis• Preparation of various internal and corporate financial reports• Intercompany reconciliations and accruals• Liaise with purchasing department to ensure all supplier related issues are resolved effectively and efficiently• Ensure accurate and timeliness of payables processing• Manage vendor payments in accordance with their terms, review and approve payments• Daily treasury functions including cash reporting, clearing of cashed cheques, wire transfers, and EFTs, and cash forecasting• Assist with special projects, including review & implementation of effective systems & controls• Completion of other finance related projects and initiatives as assigned• Maintenance of standard costing environment• Track customer issues, support sales team and provide updates• Quote customer changes and obtain appropriate documentation and approvals• Ensure policies comply with SOX controls and financial policies.• Performs all duties in accordance with IATF and ISO standards.• Maintains safe working practices and compliance with the provisions of the Occupational Health & Safety Act and Regulations
ACCOUNTABILITY / PERFORMANCE MEASURES• Delivery performance to plan on all assigned activities• Accuracy and quality of A/R and A/P information• Continuous improvement initiatives• Working capital• Meeting deadlines
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.
Worker Type:
Regular / Permanent
Group:
Magna Mechatronics, Mirrors & Lighting
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:
The Mechatronics, Mirrors and Lighting group specializes in automotive technologies that are driving the future of mobility. Combining a deep systems knowledge to develop unique vehicle access experiences, intelligent visions systems and advanced automotive lighting technologies, MML's expertise light the path to innovation, safety and styling.
Job Responsibilities:
JOB OVERVIEW
The Jr. Accountant is responsible for performing accounting, financial analysis and month end close duties.
Salary Range: $63,500 - $73,500
FORMAL QUALIFICATIONS• A post-secondary diploma in an accounting or finance discipline is required• CPA designation or actively pursuing designation an asset• Proficiency in Excel and Power BI• Problem analysis and resolution skills
CORE COMPETENCIES• Solid understanding of GAAPs• Thorough knowledge of full accounts payable/receivable process• Proficient knowledge of CM (or other ERP system) an asset• Excellent time management, planning and organizational skills• Attention to detail / organizational skills• Good interpersonal skills and ability to work in a team environment• Excellent written and verbal communication skills• Innovative, self motivated and excited to take initiative• Maintains confidentiality.• Able to work to deadlines with minimal supervision.
KEY JOB RESPONSIBILITIES
Responsibilities will evolve based on the skill set and level of experience of the Jr. Accountant and will consist of, but is not limited to:• Prepare Journal entries, required accruals and general ledger account reconciliations• Cost variance analysis• Preparation of various internal and corporate financial reports• Intercompany reconciliations and accruals• Liaise with purchasing department to ensure all supplier related issues are resolved effectively and efficiently• Ensure accurate and timeliness of payables processing• Manage vendor payments in accordance with their terms, review and approve payments• Daily treasury functions including cash reporting, clearing of cashed cheques, wire transfers, and EFTs, and cash forecasting• Assist with special projects, including review & implementation of effective systems & controls• Completion of other finance related projects and initiatives as assigned• Maintenance of standard costing environment• Track customer issues, support sales team and provide updates• Quote customer changes and obtain appropriate documentation and approvals• Ensure policies comply with SOX controls and financial policies.• Performs all duties in accordance with IATF and ISO standards.• Maintains safe working practices and compliance with the provisions of the Occupational Health & Safety Act and Regulations
ACCOUNTABILITY / PERFORMANCE MEASURES• Delivery performance to plan on all assigned activities• Accuracy and quality of A/R and A/P information• Continuous improvement initiatives• Working capital• Meeting deadlines
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.
Worker Type:
Regular / Permanent
Group:
Magna Mechatronics, Mirrors & Lighting
Top Skills
Erp Systems
Excel
Power BI
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