Finance Project Controller

Magna International Inc.
Auburn Hills, MI Full Time
POSTED ON 8/25/2022 CLOSED ON 10/5/2022

Job Posting for Finance Project Controller at Magna International Inc.

Job Number: 43031
Group: Magna Electronics
Division: Magna Electronics Auburn Hills
Job Type: Permanent/Regular
Location: AUBURN HILLS


Group Description

Magna’s ADAS technologies are shaping an autonomous future and improving lives.

Full autonomy is coming. But to create the technology which will bring it into view, you need the desire and ability to adapt complete ADAS systems or modular solutions to any vehicle, for any mobility need.

Magna’s electronics solutions connect OEMs to their customers with features that improve their lives. It’s our expertise across the entire vehicle, key strategic partnerships and culture of innovation that allow us to make our industry-leading technologies road-ready. And it is how we’ll continue to build a safer, smarter and more connected mobility experience for all people.


Role Summary

The Project Controller is responsible to support the program managers and engineering teams by continually monitoring, analyzing and reporting project status and variances. They are actively involved with the program managers to establish local and global project schedules, budgets and forecast for capital, personnel and non-personnel costs (ie: tooling, testing, materials). They ensure customer recoveries are recorded correctly and timely. They identify potential areas of concern, develop and recommend solutions, implement changes and create reports as needed. They are the liaison between engineering, supporting functions, management and the group office.

Key Responsibilities

  • Manage, Monitor & Analyze Engineering Project(s)
o Ensure all hours are posted timely and accurately
o Review engineering purchase requests, against original budget, ensure it is in current forecast and enter into SAP, review supporting vendor quotes for cost, timing and terms and conditions.
o Track Engineering Change Notices
o Track customer purchase orders for engineering and Prototype services
o Prepare invoices to internal and external Engineering customers
o Review and approve accounts payable invoice
o Review open PO report: coordinate receipt of services, close completed PO s, adjust forecast timing
o Assist engineering team to prepare and submit capital requests
o Weekly project meetings with program managers to review schedules, personnel, capital, project scope changes, hours posting, customer Pos, open purchase orders and expected deliveries.
o Create and maintain reports as needed
o Compare actual engineering & capital spend to forecast and budget and provide explanation of variances.
o Manage submission of annual budget and quarterly forecasts
  • Assist with the completion of other monthly closing activities as required
  • Assist Engineering Teams to submit quote information to cost estimating
  • Prepare and review monthly Engineering Financial Statements with Engineering Management
  • Prepare audit support schedules and complete the Controllers Audit file as required
  • Practice and maintain integrity while following Magna’s Charter and Constitution
  • Create a positive work environment by demonstrating and sharing functional / technical knowledge
  • Develop and maintain a cooperative working relationship with internal and external customers
  • Promote and seek excellence in all aspects of business
  • Comply with the designated ISO / TS 16949 responsibilities, Health & Safety rules and practices, Magna Electronics policies, procedures, and practices
  • Treat everyone with dignity, trust, and respect
  • Other duties as assigned by management

Key Qualifications/Requirements

  • Bachelor’s degree in Accounting.
  • 5 years of professional project costing experience preferably within the automotive industry.
  • Experience with Project Management – both completed contract & percentage completion method

Additional Information

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.

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