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What we offer: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: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 discrepanciesAnalyze cash positions of all cash pools to determine funding needs and initiate cross fundingManage cash through the co-ordination of information related to receipts, disbursements and bank position reportingStrive to maintain minimal cash float balancesEnsure proper reporting & management of standalone cash balances

Cash Forecasting

Support cash forecasting processes and perform variance analysisContinuously improve forecasting compliance & accuracyCommunicate with operating groups and divisions to understand all daily cash flows

Reporting

Produce monthly Global Cash ReviewPerform monthly financial reporting and analysis related to global cash and bank indebtednessReview daily cash reporting in Power BI for accuracy of reported balances, investments and borrowingsReview and understand reported changes in balances, investments and borrowings

Other

Assist in Treasury related projects as assignedExplore new technology and reporting tools for Treasury

Who we are looking for

Completion of a university degree in business or financeAccounting designation is an assetPost graduate qualifications are desirable but not requiredRequires the knowledge & ability to conduct advanced analysisExperience and proficiency with MS Suite (Excel, PowerPoint, Word) is essentialKnowledge and experience with OneStream is an assetPowerBI and Treasury Management Systems is an asset

Your preferred qualifications

Minimum 2 - 5 years of work experience in an analytics roleAbility to work with other people – in person and virtualAwareness, Unity, Empowerment: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:Regular / PermanentGroup:Magna Corporate