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

This position is responsible for monthly financial reporting and analysis, weekly and monthly forecasting, payroll, accounts payable, accounts receivable, and establishing and maintaining department policies, procedures, and internal controls. In addition, the Finance Manager works on special projects such as year-end audits, tax issues, annual planning, budgeting, and other ad-hoc requests.


Essential Responsibilities

• Monthly Financial Close process - reporting preliminary and final financial results, reconciling intercompany balances with other divisions, variance analysis and guidance to division and corporate office
• Month End Journal Entries - payroll journal entries, accruals, and adjusting entries
• Maintain all financial records in accordance with GAAP and IFRS
• Forecast cash on a weekly basis
• Complete a full financial forecast on a monthly basis
• Manage all Accounts Payable and Accounts Receivable functions
• Manage a fixed asset register and all accompanying depreciation
• Monitor inventory on a weekly basis
• Process payroll on a bi-weekly basis utilizing the payroll system
• Complete correspondences regarding payroll information for unemployment, IRS, Dept. of Labor, etc.
• Complete monthly Balance Sheet reconciliations
• Work with General Manager on monthly Business Reviews to be presented to corporate
• Prepare annual budget and annual five-year strategic plan
• Significant internal interaction with operating accounting departments and corporate management
• Primary contact with external auditors for two annual financial audits and one workers comp audit
• Responsible for developing enhancements to the corporate reporting functions and functionality
• Establish and maintain systems and controls which verify the integrity of all systems, processes, data, and enhance company value
• Conform with and abide by all regulations, policies, work procedures, and instructions
• Other responsibilities as assigned

Position Requirements

• Minimum 5 years of experience
• Excellent interpersonal, written, and verbal communications skills
• Excellent project management skills
• Self-starter with ability to work in an unstructured environment
• A well organized and self-directed individual
• Strong understanding of systems design
• Experienced with high volume transaction processing environment
• An energetic, "straight shooter" with high ethical standards and an appropriate professional image
• A strategic visionary with sound technical skills, analytical ability, good judgment, and strong operational focus
• An intelligent and articulate individual who can relate to people at all levels of an organization and possesses excellent communication skills
• A decisive individual who possesses a "big picture" perspective and is well versed in systems

Why Magellan?

• Competitive salary
• Attractive benefits package
• 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. Personal information associated with any job application will not be shared with or retained by any third party. Magellan the ultimate discretion to determine which applications proceed through the initial screening process.

This position requires access to technical data and necessitates that Magellan Aerospace obtain export licensing approval from the U.S. Department of Commerce - Bureau of Industry and Security and/or the U.S. Department of State - Directorate of Defense Trade Controls. As such, hires for this position - except U.S. Citizens, U.S. Permanent Residents, and protected individuals as defined by 8 U.S.C. 1324b(a)(3), will be required to go through an export licensing review process. Magellan Aerospace does not make recruiting or hiring decisions based on citizenship, immigration status, or national origin; however, if information access or export control restrictions based upon applicable U.S. laws and regulations would prohibit an applicant from working in this position without first obtaining an export license, Magellan Aerospace expressly reserves the right not to offer employment.