Job Information
Magna Director of Finance - North America in Troy, Michigan
Director of Finance - North America
Job Number: 68555
Group: Magna Exteriors
Division: Exterior Systems Engineering
Job Type: Permanent/Regular
Location:
Troy, MICHIGAN, US, 48083
Work Style:
About us
We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.
Forward. For all.
Group Summary
The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.
Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.
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.
About the Role
The Director of Finance – North America is responsible for the overseeing the financial operations of the Magna Exteriors North American divisions. This includes forecasting, budgeting, financial reporting, and operational performance oversight.
Your Responsibilities
Manage a department of 4-5 people.
Financial reporting
Review and approve month end financial results of North American Divisions (the “divisions”). This includes having a full understanding of the root causes of any variances and related corrective actions being taken by the divisions. The results are summarized and reviewed with the Exteriors executive leadership team.
Review and approve the division’s controller model files (annual financial audits).
Support ongoing effective internal controls throughout the divisions.
Support timely closure in internal audit findings at the divisions.
Identify and analyze various KPIs to explain variances, identify trends, risks & opportunities, and insights that can yield operational improvements in the divisions.
Budgeting and forecasting
Review and approve weekly, quarterly, and yearly forecasts/budgets for the divisions. Includes having a full understanding of the root causes of any variances and corrective actions being taken by the divisions.
The forecasts/budgets are consolidated into a North America regional presentation for the Exteriors executive leadership team and Magna executive team as required.
Identify, quantify, and articulate significant risks and opportunities to executive leadership team.
Operational performance oversight
Cheque signer
Review and approve quote capital requests submitted by the divisions. This includes validating the costing, capital, ED&D and other investments are reasonable.
Review and approve capital requests submitted by the divisions. Ensure adherence to Capital Expenditure budgets/forecasts by the divisions.
Support continuous improvement processes with the divisions. Validate savings are being completed and are in the financial results and oversee the divisions management of this process. Highlight areas of risk.
Identify and create business cases to optimize the financial performance of the divisions.
Support the closure of the divisions open commercial issues.
Complete benchmarking analysis to help identify divisional best practices.
Review divisional practices to drive towards optimal working capital levels.
Actively manage and support the improvement of underperforming divisions.
Other analysis as required.
The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.
Your preferred qualifications
To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Special Knowledge/Skills –
Bachelor’s Degree in Accounting or Finance (accounting designation preferred).
Must have the ability to understand manufacturing operations and their impacts to the financial statements.
Must be able to create business cases that drive financial improvements based upon their knowledge of operations.
Strong degree of initiative and judgment
Must possess exceptional communication skills both verbal and written.
Excellent organizational and interpersonal skills along with a strong sense of time management and problem-solving abilities.
Must have the ability to work independently with minimal supervision while under pressure of deadlines and provide a high degree of accuracy.
Must be a team player, highly motivated, experienced in working with a high degree of confidentiality, discretion, and integrity in all aspects of the job.
Customer-focused, team player with ability to interact effectively with all employee levels in a positive, cooperative, and productive manner
Ability to exercise initiative, common sense and maintain effective internal and external working relationships.
Must consistently demonstrate a high degree of flexibility and versatility.
Strong degree of initiative and judgment
Experience –
- Minimum of 10 years related experience. Preference to have worked as divisional controller of a large manufacturing operation.
Physical Demands/Work Environment – Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer, may require travel.
Who we are looking for
Key Behavioral Traits for Success –
Business Acumen: Able to focus on delivering services in a way that enhances / maximizes profitability; ensure that team delivers service in a way that brings out the organization's value and competitive advantage; educate team on important developments within the organization; discuss relevant industry developments with team.
Entrepreneurial Drive for Results: The ability to find creative solutions and generate results in a dynamic market environment. Need to have a strong sense of urgency and the ability to infuse that in others.
Influencing & Communication Skills: Keen listening, open-mindedness, and strong interpersonal skills so that necessary alliances with internal & external groups can be forged and developed quickly. Comfortable communicating both formally and informally with senior executives and communicate openly and equitably with peers & subordinates throughout Magna Exteriors & customer organizations.
Technical / Functional Understanding: Able to serve as a source of technical / functional issues & perspective to others; demonstrate a breadth of technical/functional knowledge outside of core specialty; provide others with opportunities for technical growth; develop the technical competence of others as a way to achieve results; hold people accountable for technical excellence.
Site Benefits
Comprehensive Medical, dental, and vision plans
401 (k) plan with employer matching
Profit sharing program
Exciting internal development opportunities
Cafe
Parking for electric vehicles
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 to comply with GDPR requirements and your local Data Privacy Law.
