Finance Manager

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

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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:

Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That's what we're passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.

Job Responsibilities:

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 Magna's 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 Magn