Finance Analyst

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

The Finance Analyst is responsible for the timely and accurate preparation and delivery of financial information regarding company performance. The role develops forecasts and analyses for key financial indicators, including cash flow, sales, costs and inventory; prepares period-end reporting and contract-related financial documentation; and supports business-process review and improvement. The position works closely with Finance colleagues and cross-functional partners and requires strong knowledge of accounting transaction flows, sound analytical judgment and effective teamwork.

Reason for position: Replacement

Compensation: $67,497.00 - $88,713.00

Essential Duties and Responsibilities

• Compile period-end management reports, including financial statements, contract-profitability reports and cash forecasts; produce reports and schedules for the parent company; and verify the integrity of contract setup and reporting.
• Complete source documentation for bank instruments, progress billings and progress-claim submissions in accordance with contractual obligations, ensuring that sales, government assistance and milestones are invoiced and associated costs are recorded.
• Record monthly journal entries, including sales and cost accruals, depreciation and deferred-revenue adjustments, to support accurate and complete financial results.
• Reconcile assigned general-ledger accounts and regularly review related subledgers and suspense accounts.
• Submit monthly schedules to government agencies and external customers in accordance with contractual commitments and regulatory requirements.
• Respond to ad hoc information requests and provide financial support to departments including Contracts, Operations and Engineering.
• Participate in business-process reviews and improvement initiatives, special projects and cross-functional teams; identify risks and opportunities and recommend improvements to Finance policies, processes and routines.
• Serve as a key contact and control point for company and government audits; assemble audit schedules and review schedules prepared by others for accuracy.
• Interpret and verify contract-related source documents, including contract billings, letters of credit and other banking instruments.
• Analyze monthly financial results and develop reports and information to support management decision-making.

Education and Experience 

• Degree in accounting, finance, business administration or a related discipline.
• CPA designation, or active progression through the CPA program, is considered an asset.
• Minimum five years of progressive accounting or financial-analysis experience.
• Experience in a manufacturing, aerospace or contract-driven environment is preferred.
• Accounting using SAP systems preferred.

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
• Free parking

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.

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

Magellan may use an approved Artificial Intelligence (AI) note-taking tool to support the initial screening stage of its recruitment and selection process. All AI use is performed in accordance with Magellan’s privacy policies and applicable laws, including but not limited to equal employment opportunity laws. Personal information associated with any job application will not be shared with or retained by any third party. The AI note-taking tool does not in any way assess or evaluate a candidate in relation to the hiring process and is simply an administrative tool used by Magellan. Magellan retains the ultimate discretion to determine which applications proceeds through the initial screening process.  If the applicant has questions or concerns about Magellan Aerospace’s AI note-taking tool, or wishes to opt out of its use, the applicant should notify Magellan Aerospace directly at any time during the recruitment or screening process.