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Senior Accountant - Tooling & Capital

Company: Magna International Inc.
Location: Birmingham
Posted on: February 16, 2020

Job Description:

Job Number: 8066
Group: Cosma International
Division: Kamtek Inc. - Bld1
Job Type: Permanent/Regular
Location: Birmingham

Group Description

Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market.

KAMTEK is a premier Tier 1, automotive manufacturing supplier that specializes in Class "A" Stamping, Assembly and High Pressure Die Casting that produces Body-side and Door Openings, Roofs, Floor Pans, Wheelhouses, Large Welded Assemblies, Doors, Fenders, Hoods, Lift-gates, Aluminum Shock Towers, and Aluminum Rear Rails. Our capabilities include the manufacturing of Class "A" Body Panels along with Medium/Large Stampings, Large Assemblies and Aluminum Stampings and Assemblies, and Aluminum High Pressure Vacuum Die Casting to our Original Equipment Manufacturers (OEMs) such as Mercedes Benz, Volkswagen, Kia, Hyundai, Nissan, BMW and Freightliner. As a local distributor and supplier, Kamtek' s market segmentation to Cosma International, (a division of MAGNA INTERNATIONAL) provides a "state-of-the-art" product that utilizes the most technologically advanced Pressing processes in order to maintain a competitive advantage to other OEM's within the market. Our company's culture of team spirit & mutual respect with a focus on fair treatment helps us to embrace our multi-cultural affiliation with Magna International, and supports our mission through process efficiency and competitive product pricing. Furthermore, the culture at Kamtek focuses on Job Security, with employees being given the opportunity for continuous training, advancement within the skill/trade, and potential for growth within our safe work environment. We offer Employee Equity and Profit Participation programs which increase our employees' ownership within the company. Kamtek, part of Cosma International and a division of Magna International, represents the most diversified automotive supplier in the world. We design, develop and manufacture automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks in our three geographic segments - North America, Europe, and the Rest of the World (primarily Asia, South America and Africa). Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body & chassis systems; mirror systems; exterior systems; roof systems; electronic systems; powertrain systems as well as complete vehicle engineering and assembly. We are a leading global automotive supplier with 347 manufacturing operations and 92 product development, engineering and sales centres in 28 countries. We have over 168,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.

PURPOSE OF POSITION: To support KAMTEK's overall divisional and Finance Department goals and objectives by managing capital and tooling activities to ensure accurate and timely recording of related spending. To support all departments by classifying spend accordingly.

RESPONSIBILITY AND AUTHORITY: The Senior Accountant - Capital & Tooling is responsible, as are all members of Finance, to ensure that the Customer, People, and Investor goals are balanced and met. Responsible for monitoring, maintaining and review of capital and tooling projects along with related spending. Responsible for the recordation of Fixed Assets, depreciation schedules and reconciliation of Fixed Assets, Tooling and Other Assets accounts. Will assist with Fixed Asset Physical Inventory and Lease Accounting Standards.

ESSENTIAL FUNCTIONS OF THE POSITIONS:
1) Follow and enforce all plant safety rules and policies.
2) Understand and promote Magna's philosophies (Magna Operational Principles, Corporate Constitution and Employee's Charter).
3) Assist with the capital approval and consolidated accounting processes, including the accurate and timely reporting of monthly and quarterly results.
4) Collaborate with manufacturing, Finance, and Management to make decisions on the appropriate classification of spending.
5) Share in the ownership of lease accounting and reporting responsibilities, which will include analyzing lease contracts and preparing and/or reviewing information for appropriate treatment. Draft position papers as needed.
6) Help establish and/or enhance processes within the capital cycle and monthly reporting of PP&E and leases.
7) Assist in strategic financial planning and other forecasting activities.
8) Responsible for reconciling general ledger account balances for Capital, Fixed Assets, Other Assets and Tooling monthly.
9) Review and analyze accounts associated with capital improvements.
10) Investigate forecast vs. actual spending variances and project budget over-runs.
11) Assist with the completion of internal and external audits and compliance reporting requirements.
12) Responsible for all intercompany tooling month-end journals and assist with month end intercompany balance confirmations.
13) Responsible for maintaining hedges, if any, and supporting Accounting Supervisor on application of hedges to proper projects as needed.
14) Satisfy all Sarbanes-Oxley documented finance process requirements for the position.
15) Responsible for establishing a stable working relationship with other departments and external customers/suppliers.
16) Promote good housekeeping (5S).
17) Perform other duties as required.

POSITION REQUIREMENTS

SKILL (Ability to do the job)

--- Adhere to rules, regulations and/or policies and procedures

--- Strong knowledge and ability to learn and apply technical accounting concepts in accordance with US GAAP

--- Strong analytical and problem solving skills

--- Strong verbal and written communication skills

--- Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

--- Must be able to pay close attention to detail

--- Must have good organizational skills.

--- Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

PHYSICAL DEMANDS
Some of the physical demands for this position included sitting for prolonged periods of time and occasional bending and stooping.

EQUIPMENT / TOOLS USED
Some of the equipment and tools used are a computer, calculator, telephone, copier/printer, and fax machine.

KNOWLEDGE

EDUCATION:
High School Diploma or GED required; Bachelor's Degree in Accounting, Finance or Engineering required.

TECHNICAL TRAINING: Experience with integrated financial/manufacturing software packages.

OTHER: Experience with Microsoft Word, Outlook and advanced Excel skills required.

WORK EXPERIENCE

WHAT TYPES? Experience in manufacturing working with product cost or budgeting systems or equivalent training in relevant fields.

HOW MUCH? Minimum 3-5 years

WHAT ADDITIONAL SKILLS OR ABILITIES WOULD BE HELPFUL FOR THE JOB?

-Leadership development skills
-Time management
-Ability to manage projects as needed to meet management needs
-Effective written and oral communication skills needed to respond to internal/external customers and for presentation purposes

Role Summary

Key Responsibilities

Key Qualifications/Requirements

Additional Information

03--Finance F--Permanent/Regular

Keywords: Magna International Inc., Birmingham , Senior Accountant - Tooling & Capital, Accounting, Auditing , Birmingham, Alabama

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