Magna International · 6 hours ago
Cost Accountant
Muncie, IN
Full-time
Onsite
Senior Level
5+ years expMagna International is a premier supplier for the global automotive industry, focusing on developing innovative powertrain systems. They are seeking a Cost Accountant to analyze financial results of manufacturing operations, support strategic decisions, and identify cost improvement opportunities.
AutomotiveIndustrial EngineeringManufacturing
Responsibilities
Responsible for analyzing and understanding the financial results of our manufacturing operations
Will perform analysis to support strategic decisions as well as identifying cost improvement opportunities
Assists with managing allocated areas of the General Ledger, including all inventory accounts (Production, Tooling, Prototype, MRO Spares)
Analyze monthly spending
Assist in the preparation of annual plant Budget and Quarterly Forecasts
Develop annual material, labor and burden standards
Ensure accuracy of plant production reporting
Perform analysis of manufacturing costs and variances
Interaction with Materials Department with respect to inventory quantities
Examine, analyze and interpret production variances for manufacturing and financial management including material, labor, and overhead variance
Inventory valuation and reconciliation including perpetual, WIP, in transit, capitalized variances and excess & obsolete inventory reserves
Standard cost development and maintenance, including cost rolls, review BOM, routings, & Purchase Order history
Review and resolve daily Standard Costing issues prompted by the ERP system
Contribute to continuous improvement and cost reduction activities
Coordinate the preparation of information for entry into the accounting system
All other duties as assigned
Qualification
Required
Bachelor's Degree in accounting, finance, or related field
Five or more years accounting experience in a manufacturing environment or suitable experience
Thrives in fast-paced, high energy environment
Strong project management skills
Strong computer skills including Microsoft Office especially Microsoft Excel
Experience with standard costing, especially in SAP, an advantage
Communicate clearly with customer focused vision via email, phone, and in person
Assign the highest priority to customer satisfaction while meeting commitments to achieve business objectives
Ability to work independently without frequent supervision
Preferred
CPA, CMA, or MBA a plus
Company
Magna International
Magna International is a mobility tech company and auto supplier that engages in body exteriors, structures, power, vision, and seating.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$1.79B2025-05-14Post Ipo Debt· $1.04B
2024-05-27Post Ipo Debt· $330.18M
2024-03-05Post Ipo Debt· $400M
Leadership Team
Philip Fracassa
EVP & Chief Financial Officer
Jorg Meinrich
Purchasing Director
Recent News
2025-12-13
Magna International Inc.
2025-11-21
2025-11-21
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