Senior Buyer

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What we offer:
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market.
Job Responsibilities:
RESPONSIBILITIES / EFFORTS / WORKING CONDITIONS:

• Develops and executes effective bidding, negotiation, and pricing strategies to provide a strong competitive advantage in a manner that meets our budgets, policies, ethical standards and audit requirements
• Prepares RFQ/Bid packages for diverse commodities including but not limited to Raw Material (Steel, Aluminum coil steel), Stampings, Fasteners, Sleeves, Aluminum Extrusions and Aluminum Castings, capital equipment, tooling and several major MRO related commodities etc.
• Consults with internal team in reviewing scope of work for RFQ process, supplier quote proposal and recommend suppliers based on detailed quote analysis. Reviews detailed cost breakdowns and provides recommendations on supplier target pricing
• Continually work with Supply base to identify Cost Saving opportunities and strive to achieve Cost Saving targets assigned by Management.
• Establishes supply chains to ensure a continuous supply of purchased components, directed-buy components, and tooling
• Supports the Materials team with on time delivery as needed
• Issues capital and tooling addendums, reviews GSA and QPF supplier ratings, conducts supplier integrity checks, and requests financial audits as needed
• Participates in design reviews in conjunction with Design, Supplier Development, Tooling and Quality Engineers in order to ensure the successful launch of new programs
• Prepares, negotiates and executes all contracts according to Deco Automotive/Magna policies and procedures, and in accordance with government regulations
• Communicates effectively with all internal departments and team members
• Ensures all purchase orders are entered in a timely manner, while ensuring blanket purchase order pricing is accurate. Reconciles any variances between Purchase Orders and Invoices (Price, Quantity, Inco terms, Terms of Payment)
• Works with our Supplier Quality Engineer arranging and supporting supplier audits as required
• Maintains supplier files, purchase prices, price fluctuations
• Resolves material claims with suppliers
• Conducts activities in ERP System and other Information Systems to support purchasing
• Ensures successful and timely implementation of approved engineering changes by closure of all commercial issues with suppliers
• Flexible to procure any emergency requirements in cooperation with requisitioning departments and other supporting segments in the organization to ensure project completion
• Reviews Trade Bulletins on a regular basis to provide awareness of market trends
• Follows and complies with all Operational Procedures and Policies as outlined in the Employee Handbook, Quality and Environmental programs (i.e. IATF 16949, ISO14001)
• Understands, promotes and lives by Magna's philosophies and Employee Charter
• Adheres to DECO Automotive' s core values; integrity, respect, trust, honesty, fairness and loyalty
• Performs other duties as required

SAFETY PERFORMANCE REQUIREMENTS:

• Accepts personal responsibility to plan and conduct their work safely in compliance with the Occupational Health & Safety Act as well as company policies and guidelines
• Responsible for good Housekeeping in your area

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.
Notice regarding the use of AI:
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.
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