General Accountant

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, Mississauga has a great opportunity for a General Accountant. The purpose of this position is to support the monthly close process and ensures the accuracy of financial transactions across AR, AP, the general ledger, and fixed assets. The role contributes to cash flow reporting, budget preparation, audit support, and financial analysis in a deadline-driven aerospace MRO environment, ensuring compliance with accounting standards and internal control procedures

Compensation: $70,000 - $80,000

Vacancy Reason: Replacement

Essential Responsibilities

• Manage full-cycle AR and AP processes, including invoice processing, payment applications, customer payments, and reconciliations.
• Monitor aging reports and follow up on outstanding receivables.
• Monitoring and supervision of Accounts payable management.
• Prepare and post journal entries, including accruals, prepaids, allocations, and adjustments.
• Review transactions for proper coding and compliance with accounting policies.
• Prepare monthly balance sheet reconciliations and investigate variances.

• Assist the Controller with month-end closing activities and financial reporting.
• Participate in year-end close procedures and preparation of audit-ready working papers.
• Prepare year-end external audit schedules and respond to auditor inquiries.
• Preparing and reporting the intercompany schedule
• Prepare and maintain weekly cash flow reports.
• Monitor cash balances and support cash forecasting activities.
• Maintain fixed asset register, including additions, disposals, and transfers.
• Calculate and record depreciation.
• Support periodic physical verification of fixed assets.
• Assist with internal and external audits by preparing documentation and responding to requests.
• Ensure compliance with internal controls, accounting standards, and company policies.
• Support implementation and maintenance of process improvements.
• Dealing & maintaining working relationships with banks, government bodies & intercompany.
• Participate in continuous improvement initiatives within the finance function.
• Perform other duties and special projects as assigned by the Controller or management

Position Requirements

• College diploma or bachelor’s degree in Finance, Accounting, or a related field.
• Actively pursuing a CPA designation is considered an asset.
• Minimum of 3+ years of progressive experience in accounting roles, preferably within a manufacturing environment.
• Strong understanding of general accounting principles and financial reporting processes.
• High level of accuracy and attention to detail.
• Strong organizational and time-management skills, with the ability to prioritize multiple tasks.
• Demonstrated problem-solving and analytical skills.
• Ability to work effectively both independently and as part of a team.
• Strong verbal and written communication skills.
• Proven ability to work in a fast-paced, high-pressure environment while meeting tight deadlines.
• Proficiency in Microsoft Excel and ERP systems is considered an asset. 

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
• Employee Social Club
• On-site gym
• Free parking

Confidentiality

Magellan Aerospace respects the privacy and confidentiality of personal information provided by candidates and shall not disclose to any external parties unless legislated.

Magellan Aerospace is committed to an inclusive working environment and equal opportunities for all. We welcome all applications without regard to social and cultural background, age, gender, disability, sexual orientation, national origin or religious belief, status as a protected veteran, or any other characteristic protected by applicable federal, state/province, or local law.

If you require an accommodation during the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let your Human Resources point of contact know and we will work with you, to the best of our ability to meet your needs.