Magna International Looking for Accounts Payable at Newmarket, Ontario, Canada Full Time

We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

Magna is an innovative leader in the development and manufacturing of seating structures, foam and trim, mechanisms, and complete seats for global automotive, heavy truck and bus industries. Seating is at the center of the consumer vehicle experience and our seating solutions are developed from consumer research, prioritizing comfort, convenience and connectivity.

About The Role

The Accounts Payable team member works cooperatively with the purchasing, materials, shipping and receiving departments to coordinate the receipt of accounts payable information. They will provide accurate accounts payable information to be used by the finance department for the completion of the month-end reports required by Magna Corporate. The purpose of the job function is to ensure that suppliers are paid and that payments are recorded accurately and with the proper vendor codes. Broadly, this role ensures that the organization can maintain material for production and that the Corporate Office is provided with information pertaining to the expenses involved in production.

Your Responsibilities

• Enter production and non-production supplier invoices
• Provide accurate accounts payable information on time for the month-end analysis performed by the Finance Department.
• Code expenses and cross reference freight bills
• Check accuracy of invoice calculation, assign account numbers for General Ledger, distribute and investigate all discrepancies / variances
• Ensure all invoices are approved by appropriate person before payment / cheque is produced
• Verify expense reports, coding to correct accounts
• Prepare cheques, wires and EFT for payments
• Enters debit accounts for rejects
• Maintain supplier debit log, respond to supplier Accounts Payable inquiries and reconcile supplier statements with company records
• Match invoices to PO’s, receiving slips and/ or packing slips before entry of non-production invoices
• Enter Debit and Credit memos in Accounting System
• Complete and maintain payment registers
• Maintain filing system for all paid and unpaid invoices
• Archive paid invoices on an annual basis
• Check all statements for cleared debit memos and update log
• Obtain vendor statements on a monthly basis
• Vendor reconciliations for top 80% to be completed at quarter end
• Verify expense reports, coding to correct accounts for billing to other divisions
• Perform miscellaneous other accounting functions as requested by the Controller/Assistant Controller
• Maintain company confidentiality
• Adhering to all the IATF 16949 policies and procedures
• Must comply with all ISO 14001 (Environmental) and OHSAS 18001 (Health and Safety) systems and standards as it pertains to their work
• Abide by all AODA and C-TPAT procedures that apply to their position
• Willing to work extended hours as required

Who We Are Looking For

• Minimum Grade 12 education, with basic knowledge of accounting. Some community college accounting courses preferred
• 1-3 years’ experience in computerized Accounts Payable, automotive experience is an asset
• Proven experience with computer accounting programs and other computer software (i.e. Microsoft Office)
• Demonstrates effective oral and written communication skills, together with excellent reading comprehension skills
• Demonstrates ability to work independently with minimal supervision
• Demonstrates excellent organizational skills

Your Preferred Qualifications

• Knowledge of SAP is an asset

Accommodations for disabilities in relation to the job selection process are available upon request.

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.

Site Benefits

• Company Paid Flexible Health, Dental, and Life Insurance
• Disability Insurance
• RRSP (Magna Matching Program)
• Employee Equity Profit Participation Program
• Paid Vacation + Additional Floater Days
• Employee and Family Assistance Program
• Gym Membership Discounts, Rogers Phone Plan, Vehicle Discounts, and more

Awareness. 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 to comply with GDPR requirements and your local Data Privacy Law.