Finance Manager

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

Responsible for the timely and accurate delivery of financial information on company performance to all levels of management. Ensures adherence to policies, procedures and controls affecting company resources such as capital and cash. Reviews and continuously improves business and information systems within Finance and those crossing functional lines, working closely with the management team. Manages the Finance team of employees including staff levels, training and skill development. Coordinates the Sales and Operation Planning process and ensures the provision of budgeting, planning, and analysis of sales, orders, and arrears information on a continual basis.

Reason for position: Replacement

Compensation: $105,105 - $115,411

Essential Duties and Responsibilities

• Oversee the timely and accurate delivery of financial information to all levels of management, and parent company
• Develop and implement business-improvement processes and controls affecting Finance, including financial information systems, and participate on cross-functional improvement teams.
• Maintain appropriate cash controls, financial reporting controls and banking relationships.
• Resolve non-routine issues and respond to ad hoc information requests from management and the parent company
• Lead internal and external audit engagements, including coordination with company and government agency auditors.
• Align budget and forecast information with financial reporting requirements.
• Coordinate the timely delivery of sales, orders and arrears information for the Sales and Operations Planning process, including attendance at planning meetings.
• Ensure subledgers, subaccounts and reconciliations are accurate and completed on time.
• Direct employee performance and development; establish and rationalize staffing levels; and communicate company goals, objectives and relevant information.
• Establish or recommend major financial objectives and policies.
• Prepare reports summarizing and forecasting the company’s business activity and financial position.
• Review monthly and quarterly financial reporting.
• Produce monthly absorption, MRB, excess and obsolete inventory, scrap and rework reports.
• Direct the preparation of annual budgets and monthly and quarterly forecasts.
• Evaluate bid models submitted to Corporate.
• Assess capital expenditure requests for compliance with corporate policies.
• Advise management on operational adjustments arising from IFRS and tax-code revisions.
• Participate in management team meetings
• Supervise Finance staff activities to ensure work is completed efficiently and accurately.
• Complete special projects assigned by the Corporate CFO/Controller.
• Ability to operate effectively with high level direction from senior management. Must be able to identify opportunities and issues without being specifically directed by management.
• Must be able to resolve issues and incorporate positive change without being specifically directed to do so by management.

Position Requirements

• A recognized Canadian professional accounting designation (CPA) is required.
• Minimum of five (5) years of progressive accounting experience, preferably within a manufacturing environment.
• Advanced proficiency in MS Excel is required; experience with MS Access or other database tools is an asset.
• 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