Analyst, Finance - Inventory

Job Summary

We are seeking a detail-oriented and analytical Inventory Analyst to join our Finance team at Porter Airlines. The Analyst, Finance - Inventory will play a crucial role in optimizing inventory management processes to ensure efficiency, accuracy, and cost-effectiveness. Reporting directly to the Manager, Financial Reporting within the Finance department, this role offers an opportunity to contribute directly to the airline's operational success and financial health.

Duties & Responsibilities

1. Inventory Management:
   
   • Laison with the maintenance team to monitor and maintain optimal inventory levels of aircraft parts, consumables, and supplies to support operations.
   • Implement inventory control procedures to minimize stock-outs and excess inventory.
   • Conduct regular inventory audits to ensure accuracy of financial records and reports.
   • Ensure compliance with regulatory requirements.
2. Data Analysis and Reporting:
   
   • Analyze inventory data to identify trends, classifications, discrepancies, and opportunities for improvement.
   • Prepare regular reports and presentations on inventory metrics, including turnover rates, aging inventory, and cost variances.
   • Provide actionable insights to stakeholders to support informed decision-making.
3. Collaboration and Communication:
   
   • Work closely with Procurement, Maintenance, and Operations teams to forecast inventory needs based on flight schedules and maintenance requirements.
   • Collaborate with Finance team members to integrate inventory data into financial forecasts and budgets.
   • Work with the Accounts Payable team to resolve open issues related to inventory management.
4. Process Improvement:
   
   • Develop and implement strategies to streamline inventory management processes and reduce costs.
   • Identify and recommend software tools or current systems capabilities and/or enhancements to improve inventory tracking and reporting capabilities.
   • Participate in cross-functional projects aimed at enhancing operational efficiency and customer satisfaction.
5. Maintenance - Inventory:
   
   • Understand the inventory at hangars at all bases for the purchasing of parts, receiving process and inventory management including cycle count program.
   • Process mapping of inventory procedures to understand gaps in reporting.
   • Understand available reporting in the maintenance system (AMOS/RAAS) to understand accounting transactions, usage, classifications, min max levels and safety stock and age.
   • Understand available reporting for orders management (open PO’s, price history, zero cost PO’s, Repair Orders, Service orders, etc.) to manage outstanding orders.
6. Accounting - Inventory:
   
   • Ensure the inventory subledger supports the GL for balance sheet reporting for inventory valuation and reporting of expenses.
   • Support integration of AMOS to GP as part of phase 2 of the AMOS integration.
   • Establish cycle count schedule and ensure compliance at all locations.

Behavioural Competencies

1. Concern for Safety: Identifying hazardous or potentially hazardous situations and taking appropriate action to maintain a safe environment for self and others.
2. Teamwork: Working collaboratively with others to achieve organizational goals.
3. Passenger/Customer Service: Providing service excellence to internal and/or external customers (passengers).
4. Initiative: Dealing with situations and issues proactively and persistently, seizing opportunities that arise.
5. Results Focus: Focusing efforts on achieving high quality results consistent with the organization’s standards.
6. Fostering Communication: Listening and communicating openly, honestly, and respectfully with different audiences, promoting dialogue and building consensus.

Qualifications

1. Bachelor’s degree in Business Administration, Finance, Supply Chain Management, or a related field.
2. Excellent verbal and written communication skills and capable of working with cross-functional teams.
3. A Minimum 2 years of experience in related field, e.g., inventory analysis & internal audit.
4. Strong knowledge of business process, inventory risks and controls, including inventory control/risk management frameworks and Standards.
5. Proficiency in use of various software applications, especially Microsoft Office suite.
6. Strong technical inventory management skills.
7. Works collaboratively as part of a team; is flexible to get work completed.
8. Strong critical thinking, analytical and problem solving skills, with the ability to break down complex issues into management parts in a systematic manner and analyze root causes.
9. Self-starter with the ability to work independently and have the initiatives and creativity to come up with innovative and value-added solutions to issues.
10. Excellent business sense with strong knowledge of business processes.

Location
Toronto Downtown Office (250 Yonge Street)

Company Description
Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter’s fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline in the World Airline Star Rating. Visit www.flyporter.com or follow @porterairlines on Instagram, Facebook and Twitter.