Job Summary
The Senior Financial Analyst, Financial Reporting will be a key member of the finance team, reporting directly to the Manager, Financial Reporting. This role is responsible for supporting the day-to-day financial reporting group with a focus on fixed assets and capital accounting, while also contributing to broader financial close and reporting activities. The Senior Financial Analyst plays a critical role in maintaining the integrity of the fixed asset sub-ledger, supporting capital project accounting, and ensuring compliance with applicable accounting standards. This position also contributes to internal controls, process improvement, and operational efficiency across the organization.
Duties & Responsibilities
- Maintain and reconcile the fixed asset sub-ledger, including capitalization, transfers, disposals, and depreciation in accordance with company policy and applicable accounting standards.
- Support the accounting for capital projects, including tracking costs, monitoring project status, and coordinating timely asset capitalization upon project completion.
- Work closely with the Technical Operations team to ensure aircraft component and maintenance asset data is consistent and reconciled between the aircraft maintenance management system (AMOS) and the fixed asset sub-ledger.
- Assist in the preparation of accurate and timely quarterly financial reporting documents, including consolidated financial statements, Management's Discussion and Analysis (MD&A), and materials for the audit committee.
- Perform technical accounting research and assist in analyzing complex agreements and transactions to determine appropriate accounting treatments.
- Support monthly, quarterly, and annual financial close processes by preparing and reviewing journal entries, balance sheet reconciliations, and schedules related to property, plant, and equipment (PP&E).
- Ensure compliance with internal accounting policies and external regulations, with a focus on maintaining sub-ledger integrity and accurate reconciliations.
- Identify and contribute to process improvement opportunities to enhance efficiency and support the team's goal of achieving a five-day close.
- Monitor updates to accounting and auditing standards - particularly as they relate to asset accounting and leases - and assist with implementing necessary changes to maintain compliance.
- Assist with the preparation of audit deliverables related to fixed assets and capital expenditures, and collaborate with external auditors during the annual audit process.
- Assist with documenting key financial processes and controls, helping to maintain the accuracy and completeness of Porter's internal control framework.
- Prepare ad hoc financial reports and analyses to support management decision-making.
- Collaborate with the broader finance team and other departments - including Operations, Procurement, and Engineering - to ensure complete and accurate financial reporting on capital activity.
- Actively participate in Porter's Safety Management System (SMS) by identifying and reporting workplace hazards and promoting a safe work environment.
- Perform other duties as assigned in support of the Financial Reporting team and broader finance function.
Behavioural Competencies
- Concern for Safety: Identifying hazardous or potentially hazardous situations and taking appropriate action to maintain a safe environment for self and others.
- Teamwork: Working collaboratively with others to achieve organizational goals.
- Passenger/Customer Service: Providing service excellence to internal and/or external customers (passengers).
- Initiative: Dealing with situations and issues proactively and persistently, seizing opportunities that arise.
- Results Focus: Focusing efforts on achieving high quality results consistent with the organization's standards.
- Fostering Communication: Listening and communicating openly, honestly, and respectfully with different audiences, promoting dialogue and building consensus.
Qualifications
- Bachelor's degree in Finance, Business, or a related discipline, combined with a CPA designation (near completion is acceptable)
- A minimum of 3 years of financial reporting experience; experience in fixed asset, capital, or lease accounting is considered an asset, as is experience in the airline industry or transportation sector
- Experience supporting a full-cycle financial statement close process in a corporate or industry accounting environment
- Strong technical accounting knowledge with a solid understanding of GAAP, IFRS (including IFRS 16 - Leases and IAS 16 - Property, Plant and Equipment), and consolidated financial reporting.
- Advanced proficiency in Excel with strong foundational skills required
- Good financial discipline, particularly in the areas of compliance and asset stewardship
- Highly organized, with a strong focus on accuracy, timeliness, and attention to detail
- Excellent analytical skills, with a strong aptitude for reviewing financial information for accuracy and completeness
- Proactive and solution-oriented mindset, with the ability to identify and implement process improvement initiatives to enhance operational efficiency and effectiveness
- Outstanding interpersonal and communication skills, with the ability to present complex financial data effectively to stakeholders at all organizational levels
- Team-oriented professional, capable of influencing and collaborating across multiple functions
- Familiarity with large Enterprise Resource Planning (ERP) systems, fixed asset modules, API integrations, and other autonomous technologies
Location
Toronto Downtown Office (250 Yonge Street) #LI-Hybrid
