Financial Accounting Analyst
April 29 2024
Industries
Telecommunications
Categories Financial Accounting, Financial Analysis
Ottawa, ON • Full time
Telesat (NASDAQ and TSX: TSAT) is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecommunications, corporate and government customers for over 50 years. Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat has grown to be one of the largest and most successful global satellite operators.
Telesat Lightspeed, our revolutionary Low Earth Orbit (LEO) satellite network, scheduled to begin service in 2027, will revolutionize global broadband connectivity for enterprise users by delivering a combination of high capacity, security, resiliency and affordability with ultra-low latency and fiber-like speeds. Telesat is headquartered in Ottawa, Canada, and has offices and facilities around the world.
The company’s state-of-the-art fleet consists of 15 GEO satellites, the Canadian payload on ViaSat-1 and one LEO 3 demonstration satellite. For more information, follow Telesat on X and LinkedIn or visit www.telesat.com
Telesat believes in the power of collaboration and the value of in-person interactions. This is why our employees generally work from the office Tuesday - Thursday, leaving Monday and Friday for choice and flexibility to work where you feel most effective. This setup fosters brainstorming, problem-solving, and trusted relationships and allows our employees to come together three days a week to collaborate, innovate and thrive!
The individual in this position is the main point of contact and expected to be the expert on the capital and intangible asset queries and reports. Other areas of expertise will include subsidiary accounting , Capital Expenditure (CAPEX), reporting and monthly variance
analysis/reporting. This position will be responsible for the ongoing maintenance of the Telesat Inventory Fixed Asset ledger/database. In addition, this position holds ownership of specific general ledger accounts, which includes recording monthly transactions, monthly account reconciliations and other financial reports following up/investigating and unreconciled differences.
Main Responsibilities
- Depreciation processing for fixed and intangibles assets for multi-company, multi-currency organization having a significant asset base in both value and volume.
- Preparation of fixed asset and intangible continuities in functional and reporting currencies for individual orgs, set of books and consolidated.
- Manage fixed asset database and subledgers.
- Responsible for ensuring that assets are setup and amortized in accordance with the Capitalization Policy
- Review of Depreciation rules and asset locations
- Ensure that the database, subledger and general ledger agree by company, account and location, investigating and resolving any discrepancies.
- Monthly analysis of fixed asset related accounts with regards to budgets, spending and other measures.
- Capital expenditure reporting on monthly /quarterly/annual basis
- Preparation of other quarterly and annual capital related reports.
- Responsible for other ad-hoc related reporting both internally and externally.
- Ownership of specified general ledger accounts. Prepare monthly accounting entries and reconciliations:
- Debt related accounts
- Lease accounts
- Accrual accounts
- Impairment testing of fixed assets and intangibles on a monthly/quarterly/annual basis.
- Preparing annual forecast for depreciation and amortization by individual organization and compiling to complete consolidated forecast in reporting currency.
- High-level variance analysis documenting trends, variances and any other account movement of note.
- Other ad-hoc projects identified within the accounting operations group.
Education & Experience Required
- University degree in Commerce/Business Administration and an accounting designation, OR;
- Post-secondary education in accounting or equivalent and extensive direct experience in these functions.
- Must have experience recording entries in multiple currencies.
- Must be detail oriented and with exceptional documentation skills with respect to content and presentation.
- Sound knowledge of IFRS
- Strong research and problem solving skills
- Good interpersonal skills and ability to deal effectively with both financial and nonfinancial people
- Intermediate or advanced proficiency in Microsoft Excel
- Working knowledge of ERP system.
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