About this role

Position: Controller

Location: St. Thomas – Formet, Ontario, CA

Job Description

The Controller is a key member of the plant leadership team responsible for providing strategic financial leadership, ensuring strong financial controls, and driving business performance. This role oversees all finance and accounting functions while partnering with operational leaders to support profitability, growth, and continuous improvement initiatives.

The successful candidate will be a strong people leader who can develop high-performing teams, influence decision-making through financial insight, and foster a culture of accountability, collaboration, and operational excellence in a fast-paced manufacturing environment.

This position has been posted to fill an upcoming vacancy.

POSITION SALARY

$125,000 - $155,000 CAD Annually

This range reflects only the base salary and does not include other components of our total compensation package, such as bonuses, the Continuous Improvement Program, GRRSP Matching, MBC Program, and other variable benefits.

MINIMUM QUALIFICATIONS

CPA designation required.
Minimum 5 years of experience in a manufacturing environment, preferably automotive.
Minimum 3 years of leadership experience.
Experience with integrated financial / manufacturing software packages and SAP.

KEY FINANCIAL & BUSINESS RESPONSIBILITIES

Lead all financial reporting, budgeting, forecasting, and long-range business planning activities.
Ensure the integrity of financial statements, costing, inventory, capital assets, and internal controls, including SOX compliance.
Analyze business performance, identify risks and opportunities, and provide actionable recommendations to leadership.
Drive profitability and cost improvement initiatives through financial analysis and operational partnership.
Lead audit activities and ensure compliance with Magna policies, regulatory requirements, and corporate standards.

KEY LEADERSHIP RESPONSIBILITIES

Serve as a key member of the plant leadership team, providing strategic financial guidance and supporting business decisions.
Lead, coach, and develop a high-performing Finance team while building a strong succession pipeline.
Foster a culture of accountability, continuous improvement, collaboration, and operational excellence.
Partner with cross-functional leaders to drive profitability, operational performance, and business growth.
Champion finance transformation initiatives, process improvements, and organizational change.

SALARY TEAM MEMBER BENEFITS

Vacation starting at 2 weeks, increasing to 3 weeks after 3 years, plus company-paid holidays and additional paid time off opportunities.
Medical and dental benefits after 1 month.
Employee Assistance Program and free on-site counselling.
Retirement savings programs including company contributions and matched GRRSP.
Profit sharing.
Company-paid life insurance and optional supplemental coverage.
Safety shoe, prescription safety glasses and custom earplug allowances.
Educational Assistance Program and on-site counsellor.
Employee discounts, cellphone plans and onsite subsidized cafeteria.
Company events, service awards and community involvement initiatives.
Plant-wide continuous improvement program bonus: 2025 bonus = $1930
A strong team-oriented culture: One Team, One Formet.

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.

AI-Assisted Screening Disclosure

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.

Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.

If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.

Worker Type:

Regular / Permanent

Group:

Cosma International

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. In the right environment, your ideas can turn into industry-changing automotive technologies and improve the lives of people around the world.

Let's create the future of mobility, together. Learn more about us:

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Controller