Accountant

Job Description

Staff Accountant | Magna International

The Tone:
This is a full-time, in-person role at Magna International. Magna develops industry-leading automotive technologies and is a global team that invests in its employees. The Cosma group, a division of Magna, specializes in providing comprehensive body, chassis, and engineering solutions, bringing lightweight and innovative products to market. This role is crucial for maintaining accurate financial records, supporting key accounting processes, and contributing to the financial health and compliance of the Cosma group.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person
• Pay: $55000–$75000 yearly
• Team: Cosma International
• Mission: Ensure financial records are complete and accurate while managing core accounting and Accounts Receivable functions for the Cosma group.
• Tech Stack: SAP, advanced Excel, OneStream

What You’ll Actually Do
• Month-End Close: Lead the month-end close process, including preparing and posting journal entries and loading financial data into OneStream, to ensure complete and accurate financial records.
• Reconciliations: Prepare and maintain account reconciliations for AR, GRIR, customer deductions, and other assigned accounts, actively researching and resolving outstanding items.
• Reporting Packages: Compile and review month-end reporting packages, including journal entry binders, reconciliation binders, financial statements, and supporting documentation for management review.
• Accounts Receivable: Manage key Accounts Receivable functions, encompassing cash application, customer account reconciliation, collections, past-due follow-up, pricing variance resolution, and deduction analysis.
• Audit & Budget Support: Support audit and compliance activities by coordinating with internal and external auditors, and assist with year-end and budgeting activities including inventory reconciliation and 1099 preparation.

The Must-Haves
• Background: Bachelor’s degree in accounting or finance is required, or equivalent years of experience and certified training, for this early career role.
• Experience: 1-2 years of related accounting experience is preferred.
• Skills: Required experience with SAP and advanced Excel skills, along with demonstrated ability in account reconciliations, financial reporting, and managing Accounts Receivable functions.
• Bonus: Experience with OneStream is preferred.