Senior Analyst, Compliance & Economic Development - Tax Focus

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Position Overview

The Magna Government Affairs Department is committed to identifying and maximizing economic incentives to support Magna’s business objectives. The Senior Compliance & Economic Development Analyst – Tax Focus will play a strategic role in managing and optimizing economic incentive programs, ensuring compliance, and implementing tax-saving initiatives. This position will work closely with the Executive Director, Government Affairs, the Magna Government Affairs Compliance team, and internal stakeholders across Magna’s corporate functions, groups, and divisions. This role requires expertise in tax policy, financial analysis, and regulatory compliance to drive positive economic development outcomes.

The Senior Analyst will be responsible for collaborating across Magna’s global operations to ensure accurate reporting, regulatory compliance, and the effective execution of economic incentive programs. The role will also involve evaluating property valuations, identifying tax savings opportunities, and ensuring adherence to Magna’s government contracts and incentive agreements.

Essential Duties and Responsibilities

• Economic Incentives & Compliance: Manage and ensure compliance with economic incentive agreements, tax credit programs, and contractual obligations.
• Tax Strategy & Savings: Review property valuations and assessments to identify property tax savings opportunities. Develop and execute strategies to optimize savings.
• Government & Stakeholder Relations: Serve as a liaison with government agencies, tax authorities, and external partners to address tax-related issues and ensure compliance with evolving regulations.
• Data & Financial Analysis: Research, analyze, and interpret financial and tax data to support strategic decision-making and risk mitigation.
• Process Improvement & Reporting: Enhance reporting processes to improve transparency and accountability. Maintain accurate records within Magna’s Government Affairs CRM database.
• Cross-Functional Collaboration: Work closely with internal teams, including finance, legal, HR, and corporate compliance, to align economic incentive projects with business objectives.
• Unclaimed Property & Compliance Oversight: Monitor and ensure unclaimed property claims are accurately documented, reviewed, and reported in accordance with applicable laws. Identify and recover unclaimed funds owed to Magna.
• Training & Knowledge Sharing: Provide subject matter expertise and guidance on tax policies, compliance with best practices, and regulatory changes.
• Project Management: Oversee project budgets, prepare summaries of tax savings opportunities, and provide leadership in executing compliance-related initiatives.
• Ad Hoc Assignments: Support additional projects and tasks as required by the Government Affairs team.

Qualifications

• Experience: Minimum 3+ years of experience in state and local tax compliance, economic incentives, regulatory affairs, or corporate finance.
• Technical Expertise: Strong knowledge of tax credits, property tax assessment processes, and compliance requirements.
• Analytical & Problem-Solving Skills: Ability to analyze complex data, identify risks, and develop actionable strategies.
• Communication & Relationship Building: Proven ability to establish and maintain professional relationships with government agencies, industry groups, and internal stakeholders.
• Project & Budget Management: Experience managing incentive programs, financial reporting, and tax-related projects.

Education / Experience

• Required: Bachelor’s degree in finance, economics, business administration, public policy, or a related field.
• Preferred: Advanced degree (MBA, JD, or master’s in taxation) or certification in tax/accounting-related disciplines.
• Previous experience in a fast-paced corporate environment with regulatory compliance exposure is strongly preferred.

Special Knowledge / Skills

• Strong understanding of government funding sources and economic development incentives.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Ability to handle multiple priorities, work independently, and adapt to changing business needs.
• A proactive mindset with excellent judgment and decision-making skills.

Physical Demands / Work Environment                     

• Normal office environment, requiring regular sitting or standing.
• Occasional travel (approximately 25% of the time) to support incentive negotiations and compliance reviews.

This position offers a unique opportunity to contribute to Magna’s long-term economic strategy by leveraging financial incentives, ensuring compliance, and supporting the company’s global expansion and operational excellence.