Staff Accountant

Regional One, Inc.

Regional One, Inc. is a global leader in providing exceptional solutions for the aviation industry, specializing in aircraft and parts sales, leasing, and support. With a focus on quality and a deep mastery of regional aviation, we offer high-performance aircraft and services designed to meet the unique needs of our customers. Our commitment to personalized service and our extensive industry knowledge ensures that we're not just a provider, but a trusted partner who helps airlines and aviation professionals stay ahead. Through our unmatched industry expertise, personalized service, and dedication to quality, we forge partnerships that empower airlines and aviation professionals to excel in an ever-changing world.

At Regional One, we deliver trusted, reliable, and tailored solutions; with an unwavering commitment to the success of those we serve.

Overview

Responsible for assisting with the preparation, maintenance, and analysis of financial records. This position involves managing day-to-day accounting tasks, ensuring accuracy in financial reporting, and supporting senior accounting staff and management.

Accounts Receivable

• AR Due From's – Invoicing to Intercompany of expenses paid off on their behalf by R1, for reimbursement

Accounts Payable

• Responsible for the Maintenance and Reconciliation of expenses paid off via Concur, via AP and via Corporate Credit Card
• Designated Second Approval of Expense Reports upon Submission
• Partnering with Accounts Payable Department regarding recording of each Expense Report charges and electronic payments made by financial institutions
• Treasury functions relating to employee expense report in Concur
• Accrual calculations and recording
• Daily Submission of inflow and outflow of funds into TD Bank and Wells Fargo Disbursement Accounts, which have yet to be registered in Quantum
• Monthly Entry to Reclass Prepayments in AP balances to prepaid asset Accounts
• Monthly Entry to Reclass prepaid debit balances in AP Aging

General Ledger

• Audit – Provision of supporting documentation upon request, via PWC's portal
• Creation of New General Ledger Accounts and related Distribution Codes
• Posting General Ledger Batches upon review of transactions and supporting documentation
• Monthly Bonus Accrual
• Due From/Due to Doron(CEO) monthly JE (Health insurance contribution/Allowance)
• ESS Management Fee for EIC Shared Services JE
• SG&A Accrual + Aircraft Parking Accrual & AP General Accrual (Dependent on AP)
• Property & Tangible Tax Accruals
• Amortizing current months Prepaid Expenses

Monthly Reports/Analysis

• Entities Trial Balance Consolidation (R1, EALL, and R1 Lease)
• Trial Balance Fluctuation Analysis
• Prepare & Review Balance Sheet Financial Template
• SG&A Monthly Analysis
• Weekly update of AR Dashboard

Consignment Accounting

• Consignment Review & Final Analysis
• Consignment/Purchase payable final Entries (EALL, JV, & Legacy)
• Prepare & Journalize Consignment Payables Freight entries

Bank Reconciliations

Responsible for Monthly Reconciliation of the following Bank Checking Accounts:

• TD Bank accounts
  • Operating
  • Disbursement &
  • Disbursement Explanation of Variance to GL Balance
• Wells Fargo
  • Operating
  • Disbursement &
  • Disbursement Explanation of Variance to GL Balance

Qualifications

• Educational Requirements: Bachelor's degree in accounting or finance
• Experience: Ideally 2+ years GL Accounting Experience
• Technical Skills: Proficiency in Microsoft Office Suite
• Knowledge of Accounting Principles: Familiarity with GAAP and financial regulations.
• Attention to Detail: Accuracy is critical in ensuring that financial data is correct.
• Analytical Thinking: Ability to identify discrepancies and solve financial issues effectively.

This is an On-Site Role