Staff Accountant – General Accounting & AR

Job Description

Staff Accountant | Magna International

The Tone:
This is a full-time, permanent role at Magna International, an organization known for developing industry-leading automotive technologies. Magna, through its Cosma group, provides a comprehensive range of body, chassis, and engineering solutions to global customers. This Staff Accountant role is crucial for ensuring the accuracy and completeness of financial records, leading the month-end close process, and supporting various financial reporting and compliance activities, contributing directly to the operational efficiency of the Cosma group.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person
• Pay: $55000–$75000 yearly
• Team: Cosma International
• Mission: Owns the accuracy and completeness of financial records, including month-end close, account reconciliations, and key Accounts Receivable functions.
• 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, loading financial data into OneStream, and ensuring all financial records are complete and accurate.
• Account Reconciliations: Prepare and maintain account reconciliations for various accounts such as AR, GRIR, and customer deductions, actively researching and resolving any outstanding items.
• Reporting Package Compilation: Compile and review month-end reporting packages, which include journal entry binders, reconciliation binders, financial statements, and all supporting documentation for management review.
• Accounts Receivable Management: Manage key Accounts Receivable functions, encompassing cash application, customer account reconciliation, collections, past-due follow-up, pricing variance resolution, and deduction analysis.
• Financial and Operational Reporting: Prepare and distribute critical financial and operational reports, such as AR aging, overdue account reporting, deduction tracking, and daily sales dashboards.
• Audit and Budget Support: Support audit and compliance activities by coordinating with internal and external auditors, and assist with year-end and budgeting tasks including inventory reconciliation, 1099 preparation, and loading financial forecasts into OneStream.

The Must-Haves
• Background: Bachelor’s degree in accounting or finance.
• Experience: 1-2 years of related accounting experience.
• Skills: Experience with SAP and advanced Excel skills.
• Bonus: Experience with OneStream.