Accounts Payable Analyst (In Person)

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What we offer:

Group Summary:

POSITION SUMMARY:

This position ensures the timely processing of vendor invoices and the accurate maintenance of all accounts payable. This position has been posted to fill an existing vacancy.

POSITION SALARY:

$69,000 - $72,000 CAD Annually

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

WHO WE ARE LOOKING FOR:

• Minimum 1-year post-secondary education in business administration or accounting OR 2 years’ experience in business/financial administration or accounting; experience in manufacturing preferred.
• Experience using an integrated accounts payable financial module is preferred.

DUTIES & RESPONSIBILITIES: 

• Safeguard all financial documents and keep all financial matters private and confidential.
• Process invoices including verification of pricing, receipt and authorization.
• Entry of vendor invoices into SAP accounts payable module.
• Match vendor invoices to packing slips.
• Send invoices to appropriate department for approval when required.
• Cash flow management including payment terms adjustments and releasing of cheques.
• Interact with Purchasing and other departments to ensure order information is current.
• Discussions with vendors relating to invoices and payments.
• Resolve vendor payment issues by communication between Formet employees and vendors.
• Maintain accounts payable vendor files in SAP and hard copy, and vendor reconciliations.
• Review expense reports for accuracy and distribute costs to appropriate accounts.
• Process cheques for vendors and employee expenses.
• Wire transfer intercompany amounts on scheduled dates.
• Complete monthly accrual listing of expenses not entered into SAP including any estimates of expenses not invoiced, to be entered as a Journal entry at month end.
• Perform monthly account reconciliations.
• Assist in special projects as required.
• Perform other duties as designated.

SALARY TEAM MEMBER BENEFITS:

• Weekly pay via direct deposit.
• Overtime (1.5x) after 44 hours worked.
• Vacation entitlement:
  •  2 weeks of paid vacation (3 weeks after 3 years) + 4 company paid holidays + 2x ½ days = 15 days annually.
  • Option to bank your overtime to earn up to an extra 5 days of paid time off (approved in the same manner as vacation time) (27 hours x 1.5 = 40 hours).
• Medical and dental benefits after 1 month of employment.
• Free on-site counselling.
• Magna will contribute an amount equal to 3% of regular earnings every week to your retirement savings (MBC program).
• Profit sharing paid in the second quarter of every year (EEPPP Program).
• Matched GRRSP.
• Company paid life insurance and accidental death and dismemberment (AD&D).
• Optional group life insurance and critical illness insurance for self and spouse.
• Safety shoe, prescription safety glasses and custom molded earplug allowance.
• Company paid uniforms (if you choose to use).
• Company BBQ, holiday parties and company events.
• Corporate social responsibility initiatives - 6k for water walk, support local charities (Hospice of Elgin, Adopt a Family (12 in total), STEGH), Children’s Health Foundation and many more).
• Magna Service Award Program.
• Roger’s and Bell cellphone data plan available – as low as $50/month!
• Subsidized cafeteria with daily specials including hot vegetarian options – we are known for our amazing cafeteria! Free coffee, juice, and tea.
• Educational Assistance Program.
• Employee discounts: new vehicles, amusement parks, etc.
• Plant-wide continuous improvement program: 2025 bonus = $1930
• You get to work with a FANTASTIC Team! 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.