Team Lead General Ledger Accounting, Finance/Business Services

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What we offer:

Group Summary:

We are seeking an experienced General Ledger Lead to lead a corporate finance team or shared services environment. This shared services leadership role responsible for accurate and timely month-end, quarter-end, and year-end close, journal entries, balance sheet reconciliations, financial reporting support, compliance, audit readiness, internal controls, and process improvement. The role will play a key part in managing accounting shared services.

Key Responsibilities

• Support GL activities from local entities, including process mapping, knowledge transfer, and stabilization (hyper care).
• Plan and manage operations, onboarding, training, and scaling team capacity.
• Ensure smooth service continuity.
• Drive standardization and harmonization of processes across entities.
• Monitor KPIs (e.g., timelines, compliance, etc.) and implement corrective actions as needed.

Standard Operations:

• Lead accounting team close activities, including journal entries, accruals, reclassifications, and close calendar execution.
• Review balance sheet reconciliations, account analyses, bank reconciliations, and close-related schedules.
• Ensure GL postings, reconciliations, reporting packs, and supporting documentation are accurate, complete, and compliant.
• Support financial reporting, management reporting, statutory/corporate reporting schedules, and audit requirements.
• Ensure compliance with accounting policies, internal controls, SOX or equivalent control requirements, and applicable accounting standards.
• Support internal and external audits, including audit schedules, evidence preparation, query resolution, and remediation tracking.
• Lead standardization, KPI/SLA tracking, and continuous improvement.
• Manage stakeholder coordination with finance, controllers, corporate finance, tax, treasury, AP/AR, IT, and auditors.
• Lead and develop a team including workload planning, task allocation, performance management, coaching, cross-training, succession planning, and escalation management.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration, Commerce, or related field.
• 8–10 years of experience in GL accounting, corporate accounting, or finance shared services.
• Strong experience with close, journal entries, reconciliations, reporting, audit support, controls, and compliance.
• Demonstrated experience leading accounting teams, preferably around 10–15 team members.
• Experience in multinational, corporate finance, or multi-entity environments preferred.
• Technical Skills
• Strong ERP experience, preferably SAP S/4HANA, or equivalent.
• Advanced Excel skills and experience with reporting / BI tools such as Power BI.
• Preferred exposure to OneStream, or similar reconciliation, close, consolidation, and reporting tools.
• Strong understanding of accounting standards, internal controls, close governance, reconciliations, and audit documentation.

Soft Skills

• Strong leadership, coaching, and people-development capability.
• Excellent communication and stakeholder management skills.
• Strong analytical, problem-solving, and decision-making skills.
• Ability to manage deadlines, escalations, and competing priorities during close and audit cycles.
• Continuous improvement mindset with ability to standardize, automate, and scale finance processes.
• Success Measures
• Timely and accurate close completion.
• High-quality reconciliations and reduced aged reconciling items.
• Strong audit readiness and minimal repeat findings.
• KPI/SLA achievement and strong stakeholder satisfaction.
• Improved team capability, backup coverage, and succession readiness.
• Demonstrable process standardization, automation, and efficiency improvements.

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.