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Financial Analyst

4 months ago

Mississauga, Canada Magellan Aerospace Full time

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value.

Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees.

When you are part of Magellan, you are part of the team

Position Summary

Magellan Aerospace, Limited is looking for a Financial Analyst to join our Corporate team. The successful incumbent will be responsible for accounting and financial reporting of corporate entities and treasury reporting, and assist in group consolidation and reporting, budgeting and forecasting. Reporting to the Assistant Controller and Director of Financial Services, the Financial Analyst will build relationships with the other teams and divisions and providing ad-hoc analysis

Essential Responsibilities

Responsible for accurate financial records of corporate companies, including recording transactions and preparing accounts reconciliations

Prepare and analyze monthly financial statements for corporate companies in a timely manner

Assist in the monthly consolidation process, specifically intercompany elimination

Prepare quarterly and annual audit working paper for the external auditors, including note disclosures supports

Assist in budgeting and monthly forecasting processes, including preparing back-up schedules and performing analytical reviews

Responsible for daily cash accounting and reporting, including performing daily cash reconciliation and intercompany reconciliations

Coordinate and process the settlement of inter-company transactions on a monthly basis, and intercompany funding transactions as they arise

Prepare divisional and consolidated cash analysis and reports (AR, AP, CAPEX, borrowing and investing)

Execute day-to-day banking operation and resolve issues as they arise

Participate in team initiatives to implement process improvements for financial reporting and treasury

Complete Statistic Canada and Bureau of Economic Analysis surveys

Assist with special, on-off projects.

Position Requirements

University degree in Accounting, Finance or equivalent

Professional designation or working towards a professional designation

A minimum of 2 years of experience in financial accounting, reporting and analysis

Strong analytical skills and an effective communicator

Deadline driven, strong attention to detail and efficiency oriented with continuous improvement mindset

Knowledge and experience with Sage 50, Prophix or other accounting software would be an asset

Ability and willingness to take ownership and responsibilities of projects

Why Magellan?

Competitive salary

Attractive benefits package (fully Company paid)

Generous Company pension plan

Positive work-life balance

Excellent career progression opportunities

Employee Assistance Program

On-site gym

Free parking

**COVID-19 Protocol**:
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