Senior Accountant - Tooling & Capital
Company: Magna International Inc.
Posted on: February 16, 2020
Job Number: 8066
Group: Cosma International
Division: Kamtek Inc. - Bld1
Job Type: Permanent/Regular
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
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
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
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
10) Investigate forecast vs. actual spending variances and project
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
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.
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.
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.
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
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
-Leadership development skills
-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
Keywords: Magna International Inc., Birmingham , Senior Accountant - Tooling & Capital, Accounting, Auditing , Birmingham, Alabama
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