What are the responsibilities and job description for the Cost Accountant position at Magna Powertrain of America Inc.?
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What we offer:
Group Summary:
Job Responsibilities:
Scope of Position
- Responsible for analyzing and understanding the financial results of our manufacturing operations. Will perform analysis to support strategic decisions as well as identifying cost improvement opportunities. Requires the ability to interact effectively with financial and operational people across the company.
Minimum Qualifications
- Bachelor’s Degree in accounting, finance, or related field.
- Five or more years accounting experience in a manufacturing environment or suitable experience.
- Thrives in fast-paced, high energy environment.
- Strong project management skills.
- Strong computer skills including Microsoft Office especially Microsoft Excel.
- Experience with standard costing, especially in SAP, an advantage.
- Communicate clearly with customer focused vision via email, phone, and in person.
- Assign the highest priority to customer satisfaction while meeting commitments to achieve business objectives.
- Ability to work independently without frequent supervision.
- CPA, CMA, or MBA a plus.
Key Responsibilities
- Assists with managing allocated areas of the General Ledger, including all inventory accounts (Production, Tooling, Prototype, MRO Spares)
- Analyze monthly spending
- Assist in the preparation of annual plant Budget and Quarterly Forecasts
- Develop annual material, labor and burden standards
- Ensure accuracy of plant production reporting
- Perform analysis of manufacturing costs and variances
- Interaction with Materials Department with respect to inventory quantities
- Examine, analyze and interpret production variances for manufacturing and financial management including material, labor, and overhead variance
- Inventory valuation and reconciliation including perpetual, WIP, in transit, capitalized variances and excess & obsolete inventory reserves
- Standard cost development and maintenance, including cost rolls, review BOM, routings, & Purchase Order history
- Review and resolve daily Standard Costing issues prompted by the ERP system
- Contribute to continuous improvement and cost reduction activities.
- Coordinate the preparation of information for entry into the accounting system.
- All other duties as assigned.
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.
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