Analyst, Finance

2 months ago

Toronto, Canada Porter Airlines Inc. Full time

Job Summary:
We are seeking a detail-oriented and analytical Inventory Analyst to join our Finance team at Porter Airlines. The Analyst, Finance - Inventory will play a crucial role in optimizing inventory management processes to ensure efficiency, accuracy, and cost-effectiveness. Reporting directly to the Manager, Financial Reporting within the Finance department, this role offers an opportunity to contribute directly to the airline's operational success and financial health.

Duties & Responsibilities:
**1. Inventory Management**:

- Laison with the maintenance team to monitor and maintain optimal inventory levels of aircraft parts, consumables, and supplies to support operations.
- Implement inventory control procedures to minimize stock-outs and excess inventory.
- Conduct regular inventory audits to ensure accuracy of financial records and reports
- Ensure compliance with regulatory requirements.

**2. Data Analysis and Reporting**:

- Analyze inventory data to identify trends, classifications, discrepancies, and opportunities for improvement.
- Prepare regular reports and presentations on inventory metrics, including turnover rates, aging inventory, and cost variances.
- Provide actionable insights to stakeholders to support informed decision-making.

**3. Collaboration and Communication**:

- Work closely with Procurement, Maintenance, and Operations teams to forecast inventory needs based on flight schedules and maintenance requirements.
- Collaborate with Finance team members to integrate inventory data into financial forecasts and budgets.
- Work with the Accounts Payable team to resolve open issues related to inventory management

**4. Process Improvement**:

- Develop and implement strategies to streamline inventory management processes and reduce costs.
- Identify and recommend software tools or current systems capabilities and/or enhancements to improve inventory tracking and reporting capabilities.
- Participate in cross-functional projects aimed at enhancing operational efficiency and customer satisfaction.

**5. Maintenance - Inventory**:

- Understand the inventory at hangars at all bases for the purchasing of parts, receiving process and inventory management including cycle count program.
- Process mapping of inventory procedures to understand gaps in reporting.
- Understand available reporting in the maintenance system (AMOS/RAAS) to understand accounting transactions, usage, classifications, min max levels and safety stock and age.
- Understand available reporting for orders management (open PO’s, price history, zero cost PO’s, Repair Orders, Service orders, etc.) to manage outstanding orders.

**6. Accounting **- **Inventory**:

- Ensure the inventory subledger supports the GL for balance sheet reporting for inventory valuation and reporting of expenses.
- Support integration of AMOS to GP as part of phase 2 of the AMOS integration.
- Establish cycle count schedule and ensure compliance at all locations.

Behavioural Competencies:
**Concern for Safety**: Identifying hazardous or potentially hazardous situations and taking appropriate action to maintain a safe environment for self and others.**Teamwork**: Working collaboratively with others to achieve organizational goals.**Passenger/Customer Service**: Providing service excellence to internal and/or external customers (passengers).**Initiative**: Dealing with situations and issues proactively and persistently, seizing opportunities that arise.**Results Focus**: Focusing efforts on achieving high quality results consistent with the organization’s standards.**Fostering Communication**: Listening and communicating openly, honestly, and respectfully with different audiences, promoting dialogue and building consensus.

Qualifications:

- Bachelor’s degree in Business Administration, Finance, Supply Chain Management, or a related field.
- Excellent verbal and written communication skills and capable of working with cross-functional teams.
- A Minimum 2 years of experience in related field, e.g., inventory analysis & internal audit.
- Strong knowledge of business process, inventory risks and controls, including inventory control/risk management frameworks and Standards.
- Strong technical inventory management skills.
- Works collaboratively as part of a team; is flexible to get work completed.
- Strong critical thinking, analytical and problem solving skills, with the ability to break down complex issues into management parts in a systematic manner and analyze root causes.
- Self-starter with the ability to work independently and have the initiatives and creativity to come up with innovative and value-added solutions to issues.
- Excellent business sense with strong knowledge of business processes.

Company Description:

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