Accounts Receivable

Job Number: 67062 Group: Magna Seating Division : Cam-Slide Mfg. Newmarket Job Type: Permanent/Regular Location: NEWMARKET About Us 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. 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. Cam-Slide is a division of Magna Seating that specializes in the production of Seat Recliners and Seat Adjusters. Who we are looking for We are seeking a highly motivated candidate to step into the role of A/R Representative based at our Newmarket location. The ideal candidate will have a strong attention to detail, excellent organizational and communication skills, and a strong understanding of accounting principles. Your Responsibilities

• Review and post daily customer payments in T4M
• 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
• Complete and submit the monthly HST return
• Perform ERP to general ledger interface function on a weekly basis.
• 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
• Respond to telephone requests from Magna Corp. for information / clarification / cheques pertaining to accounts receivable when required
• Prepare and perform bank deposits, as required
• Perform month-end reconciliation of all accounts receivable balances
• 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.
• Inter-company accounts reconciliation
• Month-end journal entry documentation log and maintenance
• FX translation of foreign currency denominated accounts and balances
• Ensure month-end reconciliation documentation is completed in time for review
• Financial reporting pertaining to all accounts receivable balances
• Ensure, with cooperation of other Cam-Slide departments and Corporate that the division achieves and maintains the highest possible Customer rating for satisfaction; strive for zero defects in all areas of the business
• 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
• Other reasonable duties required by the Controller

Your Preferred Qualifications

• Minimum grade 12 education, with basic knowledge of accounting
• Post Secondary Education preferred
• 1-5 years’ experience in accounting with focus in Accounts Receivable
• SAP and Automotive Industry experience considered an asset
• Experience with an integrated ERP system environment considered an asset
• Proficient with Excel and MSOffice software tools
• Demonstrates strong attention to detail with a tenacity to “get it right”
• Demonstrates well developed communication, organizational, interpersonal and analytical abilities
• Demonstrates ability to work independently with minimal supervision

Accommodations for disabilities in relation to the job selection process are available upon request. Candidates will be required to complete a Criminal Records Check and, if deemed necessary, a Credit Check as part of the candidate selection process. Site Benefits

• Dental care
• Disability insurance
• Extended health care
• Life insurance
• On-site parking
• RRSP match
• Vision care

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.