Group Controller

About the Role

The Controller is responsible for the review and preparation of the financial results, the annual business plan and 7 year strategic plan, quarterly forecast, and the quarterly and annual financial reporting under the policies and guidelines established by Magna. This position will play a key role in the financial leadership of the business whilst delivering the overall agreed targets while working in close cooperation with the other team members.

Your Responsibilities

GENERAL

• Supports the finance function for the global group, ensuring the integrity of the accounting policies and standards, the financial governance of the company and the internal control environment
• Implements changes in Magna’s accounting policies and ensures existing Magna accounting policies are applied in the group
• Review the consolidated and divisional financial results, monthly/quarterly/annually vs. the budget and forecast
• Prepare month end reports for head office and group management review
• Management of monthly capital spending analysis and reporting
• Responsible for monthly tracking/reporting and reconciling customer recoveries, and liaising with divisional finance and sales team to ensure alignment 
• Tracking and reporting of continuous improvements, and working directly with functional leadership to track and drive execution of targeted cost reductions
• Working directly with divisional and regional leadership to manage and track contribution margin improvement strategies 
• Liaise with the internal and external audit team during annual and quarterly reviews
• Prepares quarterly forecasts and quarterly presentations to global group management
• Supports the global annual business plan and 7 year plan reviews and final consolidations and related presentations
• Contribute to the overall leadership, direction setting and strategic development of the business
• Support strategic projects (i.e system conversion, restructuring, relocation, M&A, key commercial negotiation, compliance initiatives)
• Provide the VP Finance and Global Director, Finance with advice, input and counsel of a holistic business nature, operating as a high-quality business partner, initiating value adding decisions and opportunities
• Reviews quarterly reserve schedules and reports thereon to Mechatronics/Mirrors/Lighting global group office
• Reviews performance of cash flow, working capital, capital expenditure, ROFE, financial ratios, and net cost reductions versus forecast and business plan for the global group
• Identifies foreign currency exposure by currency for a five-year rolling period, formulates and implements foreign currency strategy, places foreign currency contracts where appropriate
• Ensures system of Internal Control, documentation, and reviews are being performed
• Supports the safeguarding of assets, integrity, and accuracy of financial systems, policies and procedures, and policy enforcement
• Upholds the principles of the Magna Employee’s Charter, Magna’s Operational Principles, Magna’s Environmental Health and Safety Policy & Procedures, Magna Closures, Mirrors, and Lighting Quality Policy, Program Execution Process and Business Protocols.  Must understand and respect the laws and cultures in countries which Magna conducts business & Magna compliances
• Additional duties and responsibilities as assigned

Your Responsibilities

LEADERSHIP RESPONSIBILITY

• Directly manages staff of 3 including Financial Analysts and Accountants
• Carries out management responsibilities in accordance with Magna’s policies and applicable laws
• Responsibilities include interviewing, hiring, training and developing employees; planning, assigning, and directing work; evaluating, rewarding and managing performance and addressing complaints

FINANCIAL & LEGAL RESPONSIBILITY

• Support a business plan of 5 billion in revenue
• Support Magna’s public company reporting requirements
• Financial and operational knowledge, as well as knowledge of regulations, policies and procedures that affect the company
• Must understand and respect the laws and cultures in countries which Magna conducts business & Magna compliances

Your preferred qualifications

• University degree in Finance or Accounting, with a CPA/CA designation OR equivalent

KNOWLEDGE, SKILLS, & ABILITIES

• 3+ years financial management and leadership experience for a region or a substantial BU, gained within a complex, challenging international environment, preferably in the manufacturing/automotive industry
• Experience in financial control and reporting, financial planning, audit, compliance, treasury, tax, and cash management
• Experience in managing, developing, and motivating a professional organization; in complex business in terms of divisions, brands and distribution channels

Accommodations for disabilities in relation to the job selection process are available upon request.

Candidates will be required to complete a Criminal Records Check and, if deemed necessary, a Credit Check as part of the candidate selection process.

What we offer

Awareness. Unity. Empowerment.