Magna International · 10 hours ago
Cost Accountant
Muncie, IN
Full-time
Onsite
Senior Level
5+ years expMagna International is a leading supplier in the automotive industry, focusing on developing innovative powertrain technologies. They are seeking a Cost Accountant to manage general ledger areas, analyze costs, and contribute to budgeting and forecasting processes while ensuring compliance with financial regulations.
AutomotiveIndustrial EngineeringManufacturing
Responsibilities
Manage assigned areas of the General Ledger, including inventory accounts (Production, Tooling, Prototype, MRO Spares)
Operate in compliance with Sarbanes-Oxley requirements
Analyze monthly spending
Contribute to the preparation of annual plant budget and quarterly forecasts
Develop annual material, labor and overhead standards
Ensure accuracy of plant production reporting
Perform analysis of manufacturing costs and variances
Work with Materials department to optimize and accurately report inventory
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
Update and maintain Product Line Profitability analysis
Support Program Management as program controller, providing business cases and other input to quotes for new business and customer change orders
Review and resolve Standard Costing issues prompted by the ERP system
Contribute to continuous improvement and cost reduction activities
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
Strong project management skills
Strong computer skills including Microsoft Excel
Experience with standard costing, especially in SAP, an advantage
Communicate clearly with customer focus
Assign the highest priority to customer satisfaction while meeting commitments to achieve business objectives
Ability to work independently and solve problems
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
Company data provided by crunchbase