Controller, Plant

Job descriptions may display in multiple languages   based on your language selection. 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: Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected. Job Responsibilities: What we offer: At Magna, 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. Benefits: •Medical/Dental/Vision/Prescription •Short and Long term disability •Company paid life insurance and AD&D coverage •401k with a company match •Flexible Spending Account •H.S.A (with qualifying medical plan) •Profit Sharing (after 2 years service) •Plant Quarterly Bonus opportunity •Safety Shoe Allowance •Vacation (based on length of service) •10 Paid Holidays •3 Paid Personal Days, 1 sick day •Tuition Reimbursement •Magna Family Scholarship Program Group Summary: Magna is an innovative leader in the development and manufacturing of high-quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected. Position Summary The Controller is responsible for the division's overall financial management and accounting operations. This role provides leadership and direction for all financial activities, including budgeting, forecasting, financial reporting, cost accounting, internal controls, compliance, and strategic financial analysis. The Controller serves as a key member of the Division Leadership Team and partners with operational leaders to drive financial performance, support business decisions, and ensure adherence to Magna financial policies and reporting requirements. Key Responsibilities (these are not all-inclusive and may be modified at any time as deemed necessary) Financial Leadership Serve as a strategic business partner to the General Manager and Leadership Team. Provide financial guidance and recommendations to support operational and business decisions. Lead the development and execution of the division's financial strategy and objectives. Promote financial awareness and accountability throughout the organization. Financial Planning & Analysis Lead annual budget preparation and monthly forecasting processes. Analyze actual financial results against budget, forecast, and prior year performance. Identify risks, opportunities, and trends impacting divisional profitability. Prepare and present monthly financial performance reviews to divisional and corporate leadership. Develop financial models and business cases to support capital investments and operational initiatives. Accounting & Financial Reporting Ensure accurate and timely month-end, quarter-end, and year-end financial close processes. Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards. Maintain the integrity of the general ledger and related financial systems. Oversee all accounting functions, including accounts payable, accounts receivable, fixed assets, payroll accounting, and inventory accounting. Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required. Cost Accounting & Manufacturing Finance Oversee standard costing and inventory valuation processes. Monitor manufacturing performance, labor efficiency, overhead spending, material usage, and inventory controls. Analyze product profitability and support customer quoting activities. Review and validate cost savings initiatives and operational improvement projects. Partner with operations to identify opportunities to improve plant financial performance. Internal Controls & Compliance Ensure adherence to Magna financial policies, procedures, and internal control requirements. Maintain compliance with SOX requirements where applicable. Coordinate internal and external audits and implement corrective actions as necessary. Safeguard company assets through strong financial controls and risk management practices. Ensure compliance with applicable federal, state, provincial, and local financial regulations. Treasury & Cash Management Monitor divisional cash flow and working capital performance. Manage banking relationships and treasury activities as required Optimize inventory, receivables, and payables to improve cash flow and financial performance. Leadership & Talent Development Acts with integrity, accountability, and professionalism. Promotes a culture of continuous improvement and operatio