Senior Treasury Analyst, Liquidity Management

About the Role

The Treasury group is responsible for the management of global funding, capital raising, Liquidity Management and various aspects of risk management - including currencies, interest rates, market access, retirement programs and strategies that manage the protection and safeguarding of assets through insurance programs.  The group is also responsible for providing guidance to senior management and the Board on macroeconomic conditions and their implications for Magna’s business.

We are looking to hire a Senior Treasury Analyst who will support Liquidity Management North America & Global Funding. This role will provide support for the Global Funding Strategy, funding requirements process, cash management, short-term cash forecasting and Treasury reporting requirements.

Your Responsibilities

• Global Funding Strategy & Funding Requirements: Consolidation, analysis and reconciliation of free cash flow by country; Strategy analysis and coordination with regional treasury; Consolidation, coordination and analysis of funding requirements process
• Daily Cash Management North America: Reconciliation of daily cash positions against actual results and manage the resolution of any discrepancies; Analysis of cash positions of all cash pools to determine funding needs and initiate cross funding; Management of cash through the co-ordination of information related to receipts, disbursements and bank position reporting; Strive to maintain minimal cash float balances; Ensure proper reporting & management of standalone cash balances; Foreign Exchange daily wire processing, spot trades and swaps
• Cash Forecasting: Support cash forecasting processes and perform variance analysis; Continuously improve forecasting compliance & accuracy
• Reporting: Produce monthly Global Cash Review; Perform monthly financial reporting and analysis related to global cash and bank indebtedness; Review daily cash reporting in Power BI for accuracy of reported balances, investments and borrowings; Review and understand reported changes in balances, investments and borrowings
• Other: Assist in Treasury related projects as assigned; Explore new technology and reporting tools for Treasury

Who we are looking for

• Completion of a university degree in business or finance; Post graduate qualifications are desirable but not required
• Accounting designation is an asset
• Requires knowledge of advanced principles and the ability to conduct advanced analysis
• Experience and proficiency with MS Suite (Excel, PowerPoint, Word) is essential
• Knowledge and experience with HFM & OneStream is an asset
• PowerBI and Treasury Management Systems is an asset

Your preferred qualifications

• Minimum 2 -5 years of work experience in an analytics role
• Ability to work with other people – in person and virtual

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.

Site Benefits

• Remote work policy in effect
• Wellness programs and events
• On-site cafeteria
• Parking for electric vehicles
• Access to private park for employees & their families

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

Awareness. Unity. Empowerment.