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Added 6 mins ago
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Magna International

Senior Buyer

Toronto, ON, Canada

Salary Range: $86,000 - $109,000 · Full-time

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Job details

Pay: Salary Range: $86,000 - $109,000
Job type: Full-time
Apply by: Dec 31, 2026
Posting language: English
Posted: Oct 9, 2026

Original job description

Job descriptions may display in multiple languages based on your language selection.

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:

Scope of Position

The Senior Buyer is responsible for the procurement and management of purchased and directed-buy components, capital equipment, tooling & facility services. Additionally, the Buyer may need to support our MRO operations, and cost savings initiatives in MRO.

Salary Range: $86,000 - $109,000

Minimum Requirements

Post-secondary Degree/Diploma

Five (5) years to Ten (10)+ years of experience in a progressive Purchasing Department (Tier 1 Automotive Preferred)

Strong computer skills (Microsoft Office Suite, ERP Systems such as CMS, SAP)

Able to demonstrate examples of Cost Savings Projects for several commodities, the related challenges, and total savings opportunities

Excellent organizational, interpersonal and communication skills

Good mathematical and problem solving skills

Process knowledge of various core commodities

Working knowledge of GD&T, PPAP’s, APQP, and IATF requirements

Strong attention to details, motivated to create and find new savings opportunities

Experience negotiating complicated contract terms and conditions

Ability to work to meet deadlines and multiple demands

Ability to uphold confidentiality

Demonstrates the ability to work effectively in a team environment

Willingness to travel for training, meetings, and supplier visits (up to 20% of travel)

Available to travel internationally, and for on call coverage as required

Job Specific Responsibilities

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

General Responsibilities

Fosters positive employee relations.

Commitment to continuous improvement and workplace safety.

TS16949 awareness and adherence.

ISO14001 awareness and adherence.

Lean Manufacturing and 5S concepts awareness and adherence.

Flexible in hours of work to meet internal/external customer requirements.

Works in a strictly confidential and professional manner.

Other applicable duties as assigned.

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.

Worker Type:

Regular / Permanent

Group:

Cosma International

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More about this job

Responsibilities

The Senior Buyer is responsible for the procurement and management of components, capital equipment, and tooling while executing effective bidding and negotiation strategies. They also focus on identifying cost-saving opportunities and ensuring continuous supply chain operations for the organization.

Requirements

Candidates must possess a post-secondary degree or diploma and 5 to 10+ years of experience in a progressive purchasing department, preferably in Tier 1 automotive. Strong proficiency in ERP systems, contract negotiation, and knowledge of quality standards like IATF 16949 and APQP are required.

Skills

Procurement
Negotiation
Supply chain management
Cost savings
ERP systems
SAP
CMS
Microsoft Office Suite
GD&T
PPAP
APQP
IATF 16949
Contract management
Strategic sourcing
Supplier audits
RFQ management

Benefits

Professional development
Supportive work environment

Visa sponsorship

Not detected in the job text

Keywords

Procurement
Purchasing
Automotive
Tier 1
Supply Chain
ERP
SAP
CMS
Negotiation
Cost Savings
RFQ
GD&T
PPAP
APQP
IATF 16949
ISO 14001
Lean Manufacturing
5S
Contract Management
Capital Equipment
Tooling
MRO
Steel
Aluminum
Stampings
Fasteners
Supplier Audits
Inventory Management
Strategic Sourcing
Compliance

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