Accounts Receivable

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 an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.
Job Responsibilities:
General:

• Immediate, open position
• Starting at $52,000

Daily Accounts Receivable Processing:

• Review and post daily customer payments in SAP.
• Verify accuracy of daily customer invoicing. Investigate and analyze payment receipt discrepancies and determines the appropriate actions required to resolve issues
• Issue Customer Debit and Credit notes with applicable documentation and ensure appropriate approval is obtained
• Issue manual invoicing for non-production sales and perform all necessary administrative processes on a as needed basis
• Maintain tracking and ensure appropriate internal approvals for customer quality charge-back and deductions
• Review and maintain AR aging and perform collection activities, as required
• Support the weekly cashflow forecasting by providing the Assistant Controller with analysis and customer payment receipt scheduling expectation
• Review and monitor banking and lockbox activity and redirect information to relevant accounting function
• Contract Review of customer price changes and retro calculations and corresponding debit/credit memos
• Maintain filing system for all debit and credit memos
• Maintain warranty binder
• Prepare and perform bank deposits, as required

Daily Accounts Payable Processing:

• Assisting in the following job functions:
• Enter production and non-production supplier invoices
• Code expenses and cross reference freight bills
• Check accuracy of invoice calculation, assign account numbers for General Ledger, distribute and investigate all discrepancies / variances
• Acquire approval signatures from specific Departmental Managers according to predetermined criteria
• Ensure all invoices are approved by appropriate person before payment is processed
• Ensure time sensitive payables are paid by the appropriate due dates to avoid late payment penalties
• Verify expense reports, coding to correct accounts
• Prepare cheques, wires and EFT for payments
• Maintain accurate sub-ledger of Accounts Payable liability
• Maintain supplier debit log
• Respond to supplier Accounts Payable inquiries and reconcile supplier statements
• Match invoices to PO's, receiving slips and/ or packing slips before entry of non-production invoices
• Enter Debit and Credit memos in SAP
• 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 month end
• Verify expense reports, coding to correct accounts for billing to other divisions
• Perform miscellaneous other accounting functions as requested by the Assistant Controller or Controller

Month-end responsibilities:

• Perform month-end reconciliation of all accounts receivable balances, both external and intercompany
• Ensure and enforce appropriate sales cutoff as part of month-end processes. This involves resolving any out of sequence shipments and zero-dollar invoice investigation with materials/shipping department.
• Ensure month-end reconciliation documentation is completed in time for review
• Financial reporting pertaining to all accounts receivable balances

A/R General Responsibilities:

• Ensure, with cooperation of other Cam-Slide departments
• Ensure enforcement of Customer Specific Requirements and Quality Management System without compromising either Cam-Slide or its' customers
• Initiate and/or participate in continuous improvement activities
• Attend authorized training in order to develop and/or maintain relevant job-related knowledge, techniques, skills, and/or certification
• Follow all department standardized work instructions/procedures
• Other reasonable duties required by the Assistant Controller or Controller

Skills and Qualifications:

• Completion of post-secondary education.
• 1-5 years' experience in accounting with focus in Accounts Receivable
• SAP and Automotive Industry experience is strongly considered an asset
• Experience with an integrated ERP system environment is essential
• Proficient with Excel and MSOffice software tools
• Demonstrates strong attention to detail and excellent organizational skills
• Demonstrates well developed communication, organizational, interpersonal and analytical abilities
• Demonstrates ability to work independently with minimal supervision

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 or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
Notice regarding the use of AI:
As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system.
These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team.
Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.
If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.
Worker Type:
Regular / Permanent
Group:
Magna Seating