Controller

POSITION SUMMARY:

Responsible to manage all financial oversight of plant operations to include: financial planning; performance analysis and reporting; preparation of monthly and annual P & L statements, balance sheets, general ledger and cost accounting activities; capital and operating budget development and statutory reporting for the Division. Provide business analysis to understand manufacturing variance, variable and fixed costs, impacts of productivity improvements and capital investments.

• Oversee all Division financial and accounting functions to include: ERP system; general ledger; accounts payable and receivable sub-ledgers; inventory control; fixed asset sub-ledger; financial planning; budgeting and forecasting; cost accounting, etc.

• Monthly Financial Statement Preparation and variance analysis for division
• Monthly, Quarterly and Annual reporting schedules for Group office
• Annual Budget and Business Plan Preparation
  • Coordination with other divisional managers
  • Combine corporate guidelines with division objectives
• Manufacturing Cost Analysis
  • Inventory costing and valuation
  • Assessment and determination of material, labour, overhead
  • Overhead cost model
• Support commercial activities with regards to business and program profitability and new business analysis
• Working Capital Management
  • A/R collection
  • Tooling and Production Inventory management and control
  • A/P management
• Continuous Improvement
  • Analysis of continuous improvement ideas
  • Obtain and share knowledge of other division ideas
  • Proactive sharing of ideas and information
• Sarbanes Oxley and Magna minimum control checklist compliance
• Financial forecasting - short, medium and long term
• Other Areas
  • Foreign exchange management and reporting
  • Capital spending analysis and support
  • Intercompany transactions
  • Compliance with local tax regulations, if not managed by Magna / Group

• Maintain effective communication and coordination with all internal customers, Plant leaders and Team Members; maintain positive employee relations
• Follow the principles of the Magna Employee Charter
• Promote and practice “safety first” by immediately addressing any hazards, defective equipment or unsafe conditions within the department
• Support new program launches
• Provide motivation and results-oriented environment
• Conduct performance evaluations of direct reports as specified by company goals
• Ensure Team Members are adequately trained and capable of performing the work required
• Interface with suppliers and financial sources as required
• Ensure inventory levels are maintained, as required
• Prepare reporting systems for other departments’ budgets
• Report on status of departmental projects as required
• Prepare special reports and analyses as requested by the Division GM, or Group personnel
• Provide required support to Sales and Engineering personnel in quotations on new or existing programs
• Ensure all Team Member documentation is maintained
• Handle confidential information on a regular basis
• Encourage safety and housekeeping practices and lead by example
• Promote and facilitate Open Door Process and Fair Treatment
• Participate in Continual Improvement activities
• Adhere to customer requirements, Business Operating System and company policies
• IATF16949 awareness and adherence,
• ISO14001 awareness and adherence,
• Lean Manufacturing and 5S concepts awareness and adherence,
• Enforce company and safety rules, document violations and propose necessary disciplinary actions.
• Perform other duties as assigned

MINIMUM JOB REQUIREMENTS:

• University Degree in Finance or Business Administration and Accounting Designation (CPA) is required.
• Extensive background in financial analysis, cost accounting, budgeting and forecasting
• Minimum of 5+ years progressively more responsible experience in the Accounting/Finance discipline within a manufacturing environment, with supervisory experience

SKILLS AND COMPETENCIES:

• Mastery in the following professional/technical competencies:
  • using analytics to drive insight, relevant business processes, internal control systems, financial modeling and risk management
• High attention to detail and data accuracy
• Excellent verbal and written communication skills. This will include presenting financial information to non-financial users.
• Ability to manage and schedule multiple priorities and meet deadlines in a fast paced environment
• Exceptional leadership skills in change management, strategic thinking and leading/developing people
• Proficient in MS Office Excel, Word, and PowerPoint advanced presentations.
• Knowledge of LEAN and Problem Solving tools experience is an asset
• Background with information technology would also be considered a strong asset