Financial Specialist, R&D Taxation and Government Incentives
Magna International Inc
Brampton, Ontario
4d ago

Company Introduction

As one of the largest automotive suppliers in the world - Magna International is committed to delivering product and process innovations through our world-

class manufacturing operations that combine our unique design, engineering and program management expertise. At the heart of our operating structure is a powerful entrepreneurial culture and Fair Enterprise philosophy, which builds ownership and inspires pride in our employees.

Job Introduction

The Magna R&D tax group is a team of skilled tax professionals and engineers who work together to file the Research and Experimental Development tax incentive claims on behalf of the various entities within Canada, the US and Europe, which are encompassed in the Magna Group of Companies.

The team examines each division’s operations and processes to determine what undertakings meet the eligibility criteria for the income tax incentives.

The team follows a methodology to cost the activities and maximize the claim. The team, in conjunction with divisional representatives, prepares the necessary documentation to file the claims and is involved in the subsequent discussions with the government authorities to support claim reviews and audits where required.

Major Responsibilities

  • Quantifies and summarizes eligible costs attributable to qualified SR&ED activities so that the annual SR&ED tax credit can be filed (Canadian)
  • Quantifies and summarizes eligible costs attributable to qualified QRE activities so that the annual QRE tax credit can be filed (US, UK)
  • Summarizes all financial data for the annual tax credits (Canadian, US, UK)
  • Gathers data, quantifies, summarizes and participates in internal audits for respective divisions’ claims for any government incentive program awarded
  • Ability to work closely with Technical Specialist and quantify costs from eligible activities (Canadian and Non-Canadian R&D claims)
  • Defends project costing as to eligibility upon audit
  • Communicates and gathers financial information on a quarterly basis with their assigned divisions
  • Quantify forecasts quarterly or annually
  • Assist divisions with government incentive applications
  • Knowledge and Education

  • CA, CMA or CGA designation and completion of a University Degree
  • Exposure / experience with SR&ED technical reviews, compliance with Canada’s tax laws and the CRA’s policies and procedures
  • Computer proficiency in Microsoft Office (Excel, Word, Powerpoint) is required, with intermediate to advanced level Microsoft Excel skills
  • Work Experience

  • Minimum 5 years in a financial role in the automotive sector
  • Skills and Competencies

  • Strong interpersonal skills, a team player, with the ability to work independently
  • Adaptable and flexible style to interact with a diverse array of people and projects
  • Good written and oral communication skills with impeccable attention to detail
  • Strong time management and ability to prioritize and meet deadlines
  • Strong analytical, and decision-making skills, with a mathematical aptitude
  • Handle confidential information appropriately using discretion and diplomacy
  • Ontario Driver’s License, willingness to travel where required
  • Work Environment

  • Standard office environment.
  • Additional Information

    Accommodations for disabilities in relation to the job selection process are available upon receipt.

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