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What we offer:
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At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
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Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
Job Responsibilities:
The Treasury group is responsible for the management of our global funding, capital raising, liquidity management and various aspects of our risk management - including currencies, interest rates, market access, retirement programs and strategies that manage the protection and safeguarding of our assets through insurance programs. The group is also responsible for providing guidance to senior management and the Board on macroeconomic conditions and their implications for our business.
We are looking to hire a Senior Treasury Analyst who will support the North America Cash & Liquidity function. This role will provide support for cash management, short-term cash forecasting, compilation & analysis of global cash positions and global treasury reporting requirements.
Your Responsibilities
Daily Cash Management North America
Reconciliation of daily cash positions against actual results and manage the resolution of any discrepancies
Analyze cash positions of all cash pools to determine funding needs and initiate cross funding
Manage cash through the co-ordination of information related to receipts, disbursements and bank position reporting
Strive to maintain minimal cash float balances
Ensure proper reporting & management of standalone cash balances
Cash Forecasting
Support cash forecasting processes and perform variance analysis
Continuously improve forecasting compliance & accuracy
Communicate with operating groups and divisions to understand all daily cash flows
Reporting
Produce monthly Global Cash Review
Perform monthly financial reporting and analysis related to global cash and bank indebtedness
Review daily cash reporting in Power BI for accuracy of reported balances, investments and borrowings
Review and understand reported changes in balances, investments and borrowings
Other
Assist in Treasury related projects as assigned
Explore new technology and reporting tools for Treasury
Who we are looking for
Completion of a university degree in business or finance
Accounting designation is an asset
Post graduate qualifications are desirable but not required
Requires the knowledge & ability to conduct advanced analysis
Experience and proficiency with MS Suite (Excel, PowerPoint, Word) is essential
Knowledge and experience with OneStream is an asset
PowerBI and Treasury Management Systems is an asset
Your preferred qualifications
Minimum 2 - 5 years of work experience in an analytics role
Ability to work with other people - in person and virtual
Awareness, Unity, Empowerment:
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At Magna, we believe that a diverse workforce is critical to our success. That's 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.
Worker Type:
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Regular / Permanent
Group:
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Magna Corporate
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