M

Magna

Automotive components and contract manufacturing provider

Financial Analyst

Full-TimePosted on 10/19/2026
No salary listed
Senior
Lancaster, OH, USA
In Person
AccountingCost & Management Accounting
Company Does Not Provide H1B Sponsorship

About the job

Requirements
  • Candidates must have manufacturing experience; automotive manufacturing experience is an asset.
  • Candidates must hold a professional accounting designation (CMA, CGA, CPA, or CA).
  • Candidates must have at least five years of post-qualification accounting experience in a manufacturing setting.
  • Candidates must have practical, relevant experience with Microsoft Office.
  • Candidates must have good mathematics skills and the ability to analyze data.
  • Candidates must have strong verbal and written listening and communication skills.
  • Candidates must have attention to detail and strong organizational skills.
  • Candidates must be able to work in a fast-paced environment with a variable workload and flexible hours.
  • Candidates must be able to understand, anticipate, and follow direction while exercising mature judgment.
  • Candidates must interact effectively with other team members.
  • Candidates must maintain confidentiality and exercise discretion and tact.
Responsibilities
  • Complete accurate and consistent accounting records.
  • Adhere to government and corporate policies and procedures.
  • Perform banking functions and bank reconciliations as required.
  • Review capital expenditures to ensure proper account-code distribution.
  • Maintain the monthly fixed-assets addition schedule and supporting documentation.
  • Maintain the monthly tooling and analysis reconciliation schedule.
  • Maintain, manage, track, and update program-related purchase orders and program-related cash disbursements.
  • Update program pro forma income statements as required.
  • Reconcile balance-sheet accounts related to tooling inventory and fixed assets, and prepare journal entries periodically.
  • Support engineering and program managers with tasks such as entering requisitions.
  • Review and analyze cost accounts and prepare required month-end journal entries.
  • Prepare and input journal entries into the general ledger related to tooling and fixed assets.
  • Prepare variance analyses comparing actual results with budget and forecast.
  • Work with the accounts receivable and accounts payable teams to ensure invoices related to tooling programs are prepared on time and fully supported.
  • Prepare, update, and understand Microsoft Excel spreadsheets for analysis and reconciliations.
  • Assist the Controller and Assistant Controller with the financial section of the business plan, periodic forecasts, and audit-related tasks.
  • Perform other accounting functions as requested by the Assistant Controller and Controller.
  • Perform other duties as required.
Desired Qualifications
  • Automotive manufacturing experience is an asset.

About the company

Magna is a global mobility technology company and one of the world’s largest automotive suppliers. It designs, manufactures, and integrates a wide range of automotive components and systems, including body exteriors and structures, power and vision technologies, seating, and complete vehicle solutions. It differentiates itself by offering integrated end-to-end capabilities—from parts production to full vehicle engineering and contract manufacturing—across a vast global network of 338 plants in 28 countries, with the ability to develop multiple powertrain options in one facility. Its goal is to be a trusted one-stop partner for automakers, helping them move from concept to finished vehicle and accelerate electrification and advanced mobility through global manufacturing and engineering services.

Company Size

10,001+

Company Stage

IPO

Headquarters

Aurora, Canada

Founded

1957

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Simplify's Take

What believers are saying

  • July 31, 2026 Q2 sales rose 3% to $11.0 billion despite a 2% market decline.
  • September 2026 Magna deepened Yuma Energy ownership with another $35 million battery-swapping investment.
  • September 2026 EcoSphere seating materials and foam products strengthen Magna’s sustainability-led content wins.

What critics are saying

  • April 9, 2026 divestitures sell Lighting and Rooftop Systems, shrinking Magna’s product breadth.
  • Q1 and Q2 2026 restructuring charges show Europe closures, consolidations, and rightsizing pressure.
  • OEM concentration and cyclical production swings can crush volume; Magna’s 2026 profits still track light-vehicle demand.

What makes Magna unique

  • Magna spans components, assemblies, and complete vehicles across North America, Europe, China.
  • July 28, 2026 Chery awarded Magna an 800-volt eDrive program in China.
  • Magna’s Graz plant keeps winning outsourced assembly, including XPeng and GAC programs in 2026.

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Benefits

  • Tuition Reimbursement
  • Employee Discounts

Company News

PR Newswire
Oct 20th, 2026
GAC Introduces GAC S7 Plug-in Hybrid SUV in Switzerland.

GAC Introduces GAC S7 Plug-in Hybrid SUV in Switzerland. Oct 20, 2026, 05:42 ET EMMEN, Switzerland, Oct. 20, 2026 /PRNewswire/ - GAC has introduced the GAC S7 plug-in hybrid SUV in Switzerland at an event at Viscose Eventhalle in Emmen on October 1. Working with Swiss distributor Sarfraah GmbH, the company presented the model alongside the AION UT, AION V and EMKOO. The GAC S7 was the main vehicle unveiled at the event. Its plug-in hybrid powertrain combines electric driving capability with an internal combustion engine. The four-wheel-drive GAC S7 is priced at CHF 43,900, including VAT. The introduction adds a plug-in hybrid SUV to the vehicles presented to Swiss customers, alongside GAC's battery-electric AION models. The GAC S7 features an 8.88-inch digital instrument display and a 15.6-inch central screen, together with a 12-speaker audio system and 50W wireless phone charging. A panoramic sunroof and surround-view camera complement the cabin equipment. Customers can contact GAC Switzerland for details of individual versions, equipment and local availability. Customers interested in experiencing GAC vehicles can request a test-drive appointment through the GAC Switzerland website or by contacting its social media channels. The website also provides a local point of contact for model inquiries, allowing prospective customers to speak with the Swiss team before arranging a visit. The event combined a presentation of GAC's Swiss market strategy and product portfolio with vehicle viewing and afternoon test drives for invited guests, including media representatives. The AION UT, AION V and EMKOO formed part of the display, alongside the GAC S7 unveiling. The Swiss introduction forms part of GAC's wider European development. The company's regional operations include a design center in Milan, a European office in Amsterdam and a spare parts distribution center in Rotterdam. GAC also works with Magna on vehicle assembly in Austria, with the AION V and AION UT assembled locally. These operations complement cooperation with local distribution partners as GAC develops its presence in European markets. GAC's European office oversees market development and supports sales and service operations in the region. Together with local partners, this regional structure provides a basis for adapting the company's activities to individual markets and responding to customer needs.

Car Revs Daily
Oct 17th, 2026
Leftover cider apples could end up in our car seats.

Leftover cider apples could end up in its car seats. October 17, 2026 Imagine stepping aboard your next electric car and discovering that its seats come from a cider press. Today, automakers are increasingly testing recycled materials for the cabin, especially in battery-powered models. The objective is simple to grasp: make the interior more sustainable by trimming animal leather and plastics derived from oil. Organic waste is becoming just another feedstock. And now apple leftovers are seriously catching the attention of equipment suppliers. Because behind the plush leather that still outfits many sedans lies a heavy material reality. An entire Rolls-Royce interior would require the hides of 8 to 18 bulls, a figure that makes you pause and think. To soften that image, premium manufacturers are already ramping up synthetic leathers. In response, players like Magna are already working on a apple leather for car seats. This path could very well end up under your behind sooner than you think. Why the automotive industry is looking at apple leather for its seats. In technical specs, the emphasis is on engines and batteries. In marketing, another battle is being waged: making the cabin more virtuous without sacrificing the premium image. Electric brands already promote fabrics sourced from fishing nets or plastics recovered from the sea. Leather remains a symbol. The industry is seeking a credible alternative to keep this look without bearing the full environmental cost. Meanwhile, interiors are being clothed in synthetic leathers that promise a lighter footprint. To the eye, the result looks like a fine grain leather, with its wrinkles and sheen. In reality, the outer layer that imitates grain is a plastic film with a skin pattern simply printed on it. For manufacturers, the ideal would therefore be a leather-like material that is largely bio-based. It must stay compatible with the demands of a modern automotive seat. How apple waste becomes a coating for car seats. That's where the tons of by-products from juice and cider production come into play. When an apple goes to the press, only part ends up in the bottle. Specialists estimate that between 25 and 30% of the fruit remains in the form of pulp, often treated as waste. Globally, these volumes represent about 4 million tonnes of apple waste per year. It's a treasure trove that sparks ideas. The star material of the moment is called Leap, developed in Denmark from these apple leftovers. It exceeds 85% biobased content, with certain formulations going even higher depending on the maker. Technically, it's organized into three layers that work in concert: * A water-based polyurethane topcoat, partially biobased, which provides color, texture and durability. * Below, a mix of dried apple pulp, about 1.8 kg per square meter. It's combined with natural rubber and other plant-based ingredients. * Finally, a textile backing made from TENCEL Lyocell fibers or 100% recycled polyester. It provides the mechanical strength and the elasticity required. In the end, you get a roll 1.4 meters wide, produced today in Germany. The current capacity is around 100,000 linear meters per year. The upholstery-grade Leap withstands more than 100,000 Martindale cycles. That level approaches the demands of a car seat or heavily used furniture. In use, Leap is marketed at the price of premium leather. It would claim up to 99% less water per square meter. The data also point to nearly 85% less CO2 compared with traditional leather. There remains some polyurethane and sometimes polyester. Car Revs Daily is not talking about an entirely plant-based material, but the overall footprint already scales differently. Magna, Leap et AppleSkin: qui prépare nos futurs sièges en cuir de pomme? On the supplier side, Magna has unveiled a new surface coating for seats drawn from the apple juice industry. The idea is to use biologically derived and recycled materials, drawing on by-products from apple processing. The company says this material offers wear and weather resistance compatible with a seat. Colors, texture, and perforations remain customizable to fit each OEM's design language. The result aims to look and feel like traditional leather. Compared with animal hide, Magna claims better yield at cutting, though no figures have been published. This project adds to a catalog already rich in recycled PET plastics and polyurethane foams containing up to 20% renewable content. Magna also offers monomaterial covers, easier to separate at end of life. However, the supplier has not yet named the automaker that will adopt it, the model it will go into, or the timeline. No specifics are given at this time. It isn't the first time apples show up in the world of vegetable leathers. As far back as 2019, Covestro and the startup then known as Beyond Leather Materials introduced Leap as a biological alternative to leather. It is made largely from biomaterials derived from apple by-products after juice and cider production. The AppleSkin material, meanwhile, is manufactured in Italy from at least 50% apple fibers combined with polyurethane. It has already appeared on the seats of the concept Volkswagen ID Roomzz and on other electric prototypes from the brand. For now, these apple leathers remain confined to fashion, furniture, or show cars. No brand has yet announced broad serial availability across a full model lineup. Neither Magna nor the other players provide detailed figures on apple content, durability, or cost. So many questions remain as you configure the upholstery of your next car. Nolan Kessler I focus on performance-driven cars, emerging technologies, and the business forces shaping the automotive industry. My work aims to deliver clear, relevant insights without unnecessary noise, with a strong attention to detail and accuracy. I follow the evolution of mobility daily, with a particular interest in what defines the next generation of driving.

Upstate Business Journal
Oct 14th, 2026
Upstate Scout Motors suppliers invest $82M in expansions.

Upstate Scout Motors suppliers invest $82M in expansions. Seven Upstate manufacturers are investing more than $82 million to expand production of Scout Motors vehicles at the automotive manufacturer's South Carolina plant being built in the Midlands. The manufacturing suppliers and their investments break down as follows: * Spartanburg Steel (Spartanburg) - $40 million and 60 new jobs for stamping components * Magna DRIVE (Piedmont) - $15 million and 30 new jobs for Class A stampings and Class B assemblies * KV Final (Spartanburg) - $14 million and 50 new jobs for stamping components * Röchling Automotive (Duncan) - $5 million and 15 new jobs for active grille shutters and wheel-arch liners * Magna Mirrors (Spartanburg) - $5 million and 15 new jobs for exterior mirrors * Cooper Standard (Spartanburg) - $3 million and 15 new jobs for glass sealing systems * Bant Boru (Duncan) - $270,000 and 15 new jobs for brake lines The investments were announced during a press event Oct. 14 at OneSpartanburg's in Spartanburg involving elected and business leaders, including Gov. Henry McMaster, U.S. Rep William Timmons and state Secretary of Commerce Harry Lightsey. Scout's $2 billion manufacturing facility being built on 1,600 acres in Blythewood north of Columbia is about 90% complete, according to Scott Keogh, president and CEO of Scout Motors. Keogh said among the reasons Scout chose South Carolina was the state's extensive automotive and advanced manufacturing ecosystem. He added the supplier investments represent his company's commitment to expanding that ecosystem and securing a domestic supply chain. Keogh said 900 employees have been hired already and are working at the Blythewood site building the company's first prototypes, which are currently being tested in the field. He added when the facility is fully up and running, the plant is expected to produce about 200,000 vehicles a year. "We have over 210,000 reservations," Keogh said. "Frankly, I've never seen anything like it because (Scout's) and awesome brand, it's a cool product that's doing the right things at the right time for America." According to Scout, prototype validation vehicles will continue to be produced through the remainder of 2026 and into 2027 with customer deliveries expected to begin in 2028. Scout Motors by the numbers: Scout Motors announced in 2023 it would invest $2 billion in a new production facility in South Carolina and expected to eventually create about 4,000 direct jobs Other investments include: * $82 million by seven Upstate suppliers expected to create more than 200 jobs * $300 million by Scout for a supplier park on the Blythewood site and expected to create around 1,000 jobs.

Yahoo Finance
Oct 13th, 2026
Magna, Freehold Royalties and North West: Canadian dividend stocks yielding over 3%

Rising inflation worries, tied to higher oil and food costs, have pushed many investors toward cash. A Simply Wall St roundup points to three Canadian dividend stocks with yields above 3% as an alternative. Magna International (TSX:MG) supplies automakers with components and complete vehicle assembly, with growing focus on EV battery enclosures and driver assistance systems. Its market cap is CA$24.2b. Freehold Royalties (TSX:FRU) earns CA$322 million in oil and gas royalties from Canadian and US properties. Its market cap is CA$2.8b. The North West Company runs grocery and retail chains in remote northern and international communities. It yields 3.06% and has a market cap of CA$2.6b.

Australian Financial Review
Oct 10th, 2026
This fiery EV newcomer is more than just a speed demon.

This fiery EV newcomer is more than just a speed demon. Magna's GV60 SUV from Hyundai Motor Group is an ambitious and convincing attempt to take on Mercedes-AMG, BMW M, Audi Sport and Lexus's F-Sport. Oct 11, 2026 - 5.00am It's easy to make an EV quick in a straight line, much harder to make one that's an engaging drive. So hats off to Genesis, which has done exactly that with the GV60 Magma SUV. Genesis is the luxury division of South Korea's Hyundai Motor Group (which also includes Kia), while Magna is its new performance arm.