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Senior Analyst, Compliance & Economic Development - Tax Focus

Magna International, Inc

Troy, Michigan

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JOB DETAILS
SKILLS
Analysis Skills, Automotive Technology, Best Practices, Budget Management, Contract Requirements, Corporate Compliance, Corporate Finance, Cross-Functional, Customer Relationship Management (CRM) Systems, Data Analysis, Decision Support, Economic Analysis, Economic Development, Ecosystems, Entrepreneurship, Finance, Financial Analysis, Financial Reporting, Government, Government Contracts, Incentive Programs, International Operations, Leadership, Legal, Local Tax, Maintain Compliance, Policy Analysis, Problem Solving Skills, Process Improvement, Project Tracking, Project/Program Management, Property Tax, Real Estate Appraisals, Record Keeping, Regulations, Regulatory Compliance, Regulatory Reports, Risk Analysis, Risk Management, State Tax, Strategic Planning, Tax Accounting, Tax Credits, Tax Regulations, Tax Reporting, Tax Returns, Team Player
LOCATION
Troy, Michigan
POSTED
30+ days ago
Job descriptions may display in multiple languages based on your language selection.

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:

Position Overview

The Magna Government Affairs Department is committed to identifying and maximizing economic incentives to support Magna's business objectives. The Senior Compliance & Economic Development Analyst - Tax Focus will play a strategic role in managing and optimizing economic incentive programs, ensuring compliance, and implementing tax-saving initiatives. This position will work closely with the Executive Director, Government Affairs, the Magna Government Affairs Compliance team, and internal stakeholders across Magna's corporate functions, groups, and divisions. This role requires expertise in tax policy, financial analysis, and regulatory compliance to drive positive economic development outcomes.

The Senior Analyst will be responsible for collaborating across Magna's global operations to ensure accurate reporting, regulatory compliance, and the effective execution of economic incentive programs. The role will also involve evaluating property valuations, identifying tax savings opportunities, and ensuring adherence to Magna's government contracts and incentive agreements.

Essential Duties and Responsibilities

  • Economic Incentives & Compliance: Manage and ensure compliance with economic incentive agreements, tax credit programs, and contractual obligations.
  • Tax Strategy & Savings: Review property valuations and assessments to identify property tax savings opportunities. Develop and execute strategies to optimize savings.
  • Government & Stakeholder Relations: Serve as a liaison with government agencies, tax authorities, and external partners to address tax-related issues and ensure compliance with evolving regulations.
  • Data & Financial Analysis: Research, analyze, and interpret financial and tax data to support strategic decision-making and risk mitigation.
  • Process Improvement & Reporting: Enhance reporting processes to improve transparency and accountability. Maintain accurate records within Magna's Government Affairs CRM database.
  • Cross-Functional Collaboration: Work closely with internal teams, including finance, legal, HR, and corporate compliance, to align economic incentive projects with business objectives.
  • Unclaimed Property & Compliance Oversight: Monitor and ensure unclaimed property claims are accurately documented, reviewed, and reported in accordance with applicable laws. Identify and recover unclaimed funds owed to Magna.
  • Training & Knowledge Sharing: Provide subject matter expertise and guidance on tax policies, compliance with best practices, and regulatory changes.
  • Project Management: Oversee project budgets, prepare summaries of tax savings opportunities, and provide leadership in executing compliance-related initiatives.
  • Ad Hoc Assignments: Support additional projects and tasks as required by the Government Affairs team.

Qualifications

  • Experience: Minimum 3+ years of experience in state and local tax compliance, economic incentives, regulatory affairs, or corporate finance.
  • Technical Expertise: Strong knowledge of tax credits, property tax assessment processes, and compliance requirements.
  • Analytical & Problem-Solving Skills: Ability to analyze complex data, identify risks, and develop actionable strategies.
  • Communication & Relationship Building: Proven ability to establish and maintain professional relationships with government agencies, industry groups, and internal stakeholders.
  • Project & Budget Management: Experience managing incentive programs, financial reporting, and tax-re

About the Company

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Magna International, Inc

We are a leading global automotive supplier with 347 manufacturing facilities and 94 product development, engineering and sales centres in 27 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.
COMPANY SIZE
10,000 employees or more
INDUSTRY
Automotive and Parts Mfg
FOUNDED
1957
WEBSITE
http://www.magna.com/