Finance Manager

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Mission of the Position:

The mission of this position is to provide strategic financial leadership governance and analytical support for the Global Purchasing organization. This role is responsible for driving financial planning forecasting budgeting reporting automation and process standardization related to purchasing spend cost savings and operational performance.

The position serves as the global owner of purchasing financial processes and reporting ensuring accurate timely and standardized measurement of spend cost savings allocations claims and key performance indicators across all Magna Powertrain facilities. Through data analytics continuous improvement and collaboration with IT the role develops and implements digital solutions that enhance efficiency transparency and decision-making.

Additionally this position leads supplier risk management and sustainability governance team and activities by overseeing supplier financial assessments risk monitoring mitigation planning approval processes and reporting. The role supports the development of a resilient and sustainable supply base by integrating risk management ESG objectives and corporate compliance requirements into purchasing strategies and business processes.

This position plays a critical role in aligning purchasing activities with Magnas corporate standards strategic goals ethical principles sustainability commitments and long-term business objectives.

Key Responsibilities:

• Lead the teams for cost savings and supplier risk management.

• Lead global purchasing budgeting forecasting and financial planning processes.

• Consolidate and report Magna Powertrain monthly purchasing cost savings and spend results to Magna International.

• Monitor actual financial performance against budget and forecast identifying risks and opportunities.

• Lead preparation of the Global Purchasing expense budget.

• Calculate and manage annual global purchasing allocations.

• Report inflation-related claims and financial impacts within forecast and budget processes.

• Ensure accurate and timely monthly quarterly and annual reporting.

• Own the global purchasing cost savings and spend management processes.

• Standardize cost savings methodologies tracking tools and reporting templates across all plants.

• Provide financial analysis and performance reporting for cost savings initiatives.

• Conduct monthly reviews with plants to ensure completeness accuracy and consistency of reported data.

• Drive process improvements and reporting automation within the Purchasing Finance function.

• Partner with IT to identify implement and optimize digital tools and analytics solutions. Ex; cost savings & spend automation

• Improve data quality reporting efficiency and visibility through standardized processes and automation.

• Lead the supplier risk management process including financial analysis risk assessments governance approvals mitigation activities supplier audits and executive reporting.

• Develop reporting and performance metrics that enhance supply base resilience and support proactive risk management.

• Support sustainability and ESG initiatives by establishing metrics monitoring performance and ensuring alignment with corporate sustainability objectives.

• Collaborate with Purchasing Supply Chain Operations and Corporate functions to integrate sustainability and risk considerations into sourcing decisions and supplier management processes.

• Follow Magnas Code of Conduct and Ethics and related compliance policies.

• Ensure adherence to corporate financial controls reporting standards and governance requirements.

• Perform ad hoc financial analyses special projects and other responsibilities as assigned.

Customers and Business Interfaces:

• Plant Controllers

• Global Commodity Directors

• Purchasing Managers

• Buyers

• Global Commodity Managers

• Magna International Finance supplier risk processes and systems contacts

• ESG contacts

Requirements and Qualifications:

• Bachelors degree in finance or related field required; Masters Degree is a plus

• Minimum of 5 years experience in the auto industry; experience in powertrain preferred

• Experience in purchasing (cost savings spend risk management)

• Analytical skills are required

• Strong skills in Excel SAP and Power BI

• Understanding of data management (database management systems & connections)

• Excellent written & verbal communication

• Experience leading people

• Teamwork skills

Magna Standards:

• Practice and maintain integrity while following Magnas Charter and Constitution.

• Follow Magnas Code of Conduct and Ethics and related compliance policies.

• Supports and adheres to policies procedures and operational guidelines related to established quality management system (IATF 16949).

• Drive the development of new technologies to improve quality efficiency and reduce cost.

• Comply with safety policies and procedures to ensure duties of self are performed in a safe manner.

• Health & Safety responsibilities:

  • Understand applicable Environmental Health & Safety policies and procedures in the workplace.

  • Report unsafe conditions immediately.

  • Report injuries accidents illnesses near misses property damage immediately.

  • Follow safety rules.

  • Comply with requirements for the use or operation of machines or equipment.

  • Comply with Personal Protective Equipment (PPE) requirements.

• Create a positive work environment by demonstrating and sharing functional/technical knowledge.

• Develop and maintain a responsive and cooperative working relationship with internal and external customers.

• Treat everyone with dignity trust and respect.

• Complete additional duties and responsibilities as assigned.

• The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties responsibilities or requirements.

This job description reflects the core elements of a position. There may be additional requirements based on local laws and regulations which could be attached as an addendum.

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.