Controller, Plant
Lancaster, NE - USA
Job Summary
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Job Responsibilities:
The Controller is responsible for the divisions overall financial management and accounting operations. This role provides leadership and direction for all financial activities including budgeting forecasting financial reporting cost accounting internal controls compliance and strategic financial analysis. The Controller serves as a key member of the Division Leadership Team and partners with operational leaders to drive financial performance support business decisions and ensure adherence to Magna financial policies and reporting requirements.
Financial Leadership
- Serve as a strategic business partner to the General Manager and Leadership Team.
- Provide financial guidance and recommendations to support operational and business decisions.
- Lead the development and execution of the divisions financial strategy and objectives.
- Promote financial awareness and accountability throughout the organization.
Financial Planning & Analysis
- Lead annual budget preparation and monthly forecasting processes.
- Analyze actual financial results against budget forecast and prior year performance.
- Identify risks opportunities and trends impacting divisional profitability.
- Prepare and present monthly financial performance reviews to divisional and corporate leadership.
- Develop financial models and business cases to support capital investments and operational initiatives.
Accounting & Financial Reporting
- Ensure accurate and timely month-end quarter-end and year-end financial close processes.
- Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards.
- Maintain the integrity of the general ledger and related financial systems.
- Oversee all accounting functions including accounts payable accounts receivable fixed assets payroll accounting and inventory accounting.
- Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required.
Cost Accounting & Manufacturing Finance
- Oversee standard costing and inventory valuation processes.
- Monitor manufacturing performance labor efficiency overhead spending material usage and inventory controls.
- Analyze product profitability and support customer quoting activities.
- Review and validate cost savings initiatives and operational improvement projects.
- Partner with operations to identify opportunities to improve plant financial performance.
Internal Controls & Compliance
- Ensure adherence to Magna financial policies procedures and internal control requirements.
- Maintain compliance with SOX requirements where applicable.
- Coordinate internal and external audits and implement corrective actions as necessary.
- Safeguard company assets through strong financial controls and risk management practices.
- Ensure compliance with applicable federal state provincial and local financial regulations.
Treasury & Cash Management
- Monitor divisional cash flow and working capital performance.
- Manage banking relationships and treasury activities as required
- Optimize inventory receivables and payables to improve cash flow and financial performance.
Leadership & Talent Development
- Acts with integrity accountability and professionalism.
- Promotes a culture of continuous improvement and operational excellence.
- Collaborates effectively across divisions and corporate functions.
- Supports Magnas commitment to quality safety environmental responsibility and customer satisfaction.
- Lead mentor and develop the finance team.
- Establish performance objectives and development plans for department personnel.
- Foster a culture of accountability continuous improvement and employee engagement.
- Support succession planning and talent development initiatives within the finance organization.
Key Performance Indicators (KPIs)
- EBITDA performance versus budget and forecast.
- Working capital and cash flow performance
- Inventory accuracy and inventory turns.
- Forecast accuracy.
- Cost reduction and productivity achievement.
- Financial close timeliness and accuracy.
- Audit and compliance results.
- Department employee engagement and development metrics.
- Bachelors degree in Accounting Finance Business Administration or related field required.
- CPA CMA or equivalent professional designation preferred.
- Minimum 7-10 years of progressive finance or accounting experience in a manufacturing environment automotive experience preferred.
- Minimum 5 years in a leadership role in a manufacturing environment automotive experience preferred.
- Experience with budgeting forecasting cost accounting inventory management and financial reporting.
- Experience supporting operations within a high-volume manufacturing environment.
- Strong understanding of manufacturing accounting and cost control principles.
- Advanced financial analysis and problem-solving skills.
- Demonstrated ability to influence and partner with cross-functional leaders.
- Strong business acumen and strategic thinking capabilities.
- Excellent communication and presentation skills.
- Proficiency with SAP ERP systems and Microsoft Office applications particularly Excel.
- Proven leadership coaching and team development abilities.
- Ability to manage multiple priorities in a fast-paced manufacturing environment.
At Magna we believe that a diverse workforce is critical to our success. Thats 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.
As part of our commitment to a fair consistent and efficient recruitment process we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.
If you have any questions or concerns about this process feel free to contact our Talent Attraction team.
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