Finacial Cost Analyst

What we offer:

Group Summary:

The position of a Cost Analyst is responsible for finance matters in a managerial capacity with special emphasis on cost control.

Job Security

• Perform Costing and Material Analysis Functions including Bill of Material structures
• Participate in the close process including: allocations, general ledger entries, and reconciliation of balance sheet accounts.
• Compile documentation for financial audits
• Assist in preparation of all intercompany transactions, reconciliations and payments.
• Preparation and submittal of monthly, quarterly, and annual schedules to group office regarding specific GL account reconciliations and supplemental information used in consolidated corporate disclosures.
• Assist with Compliance and Maintenance of Sarbanes-Oxley requirements.
• Analyzes, adjusts, and reconciles items of issue identified through Month end close review.
• Setup/revise (as required) part numbers in ERP system
• Setup/revise (as required) Bill of Materials structures for assemblies and finished goods products in ERP system.
• Ensure part number effective dates are current to release in ERP system.
• Setup Service Parts and Structures in ERP system including entry and verification of price and cost.
• Assist in analyzing inventory levels and transactions for recording purposes.
• Monitor the cycle counts general ledger account.
• Develop labor and burden rates required for standard cost development.
• Setup labor and burden routings for assemblies and finished goods.
• Roll standard costs as required.
• Update current and frozen costs in system.
• Develop analysis to review all component cost/price changes resulting from VAVE initiatives, Economics, etc. including Customer CR’s.
• Update all RPS Inventory Purchase Orders.
• Maintain ARCS Purchase Order Pricing
• Update all pricing issued from Customer’s web based system
• Compare standard to actual costs for inaccuracies and update Senior Management as appropriate.
• Work closely with Purchasing and Sales for all program cost/price changes
• Provides support to departmental Senior Management and Corporate Management for detail data requests, some on a regular/weekly basis and some on ad hoc basis.
• Creation and Distribution of Monthly Management Reports, and ad hoc reporting as required. Specialty projects as assigned on a as needed basis.
• Performs other reasonable duties as assigned or required.

JOB QUALIFICATIONS

Required Skills

• Bachelor’s degree in accounting or a related field
• At least 2 years of progressive accounting experience
• Intermediate to advanced Excel skills with the ability to work with large data sets
• Strong attention to detail, analytical thinking, and problem-solving skills
• Effective communicator with the ability to collaborate with finance team

Preferred Qualifications

• SAP experience preferred
• Experience in manufacturing environment
• Performed standard cost updates

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.