Are you ready to take your career to new heights?

As Canada's leading ultra-low-cost carrier, dedicated to providing affordable and exceptional travel experiences to Canadians, Flair Airlines is always on the lookout for talented individuals to join our team and contribute to our success as we continue to expand our route network, flight frequency, and services. Given our commitment to growth and excellence, we are currently seeking candidates for the following position:

Job Title: Financial Analyst

Department: Finance

Location: Edmonton, AB (YEG), with consideration for candidates in Calgary, AB, and Vancouver, BC.

Work Arrangement: This role operates within a dynamic work environment, requiring a minimum of 3 days per week at one of the Corporate Offices, with some flexibility for remote work. The Financial Analyst will be required to travel occasionally to support in-person meetings and collaborate with team members in different locations.

Position Overview:

The Financial Analyst is responsible for managing financial modeling, tracking route profitability, conducting variance analysis, approving invoices, and overseeing ad hoc projects. Their primary objective is to deliver top-notch KPIs, considering consumer trends and competitor activity. Operating in a fast-paced environment, this role requires expertise in financial analysis, Excel, technical skills, and effective communication across business units. Direct interaction with senior leaders and external stakeholders is crucial, demanding clear articulation of financial insights.

Primary Job Function:

Budgeting

Acts as a business partner to management and executives, jointly developing forecasting, reporting, and analysis, and providing insight into a wide range of business and financial decisions.
Leads the annual Business Planning and Budget cycle from start to finish. This includes co-ordination across all business units on requirements and maintenance of the overall planning calendar.
Conducts meetings and presentations internally with internal Business Planning teams and Senior Management to communicate deliverables and results.
As the Company expert in planning and budgeting, continues to implement best practices, trains current and new managers, and provides an ongoing analysis of business units to develop a ground-up understanding of each area.
Collaborates with the revenue management team, gathering insights from big data analytics to help drive key insights leading to sound revenue planning.
Prepares the Company’s long-term financial forecast, financial models, and valuations.
Initiate analysis of monthly variances, and work directly with operational management, executives, and the financial reporting team to identify and resolve variances to plan.
Develops and maintains dashboards and KPIs to support analysis of the business, including variances to plan, and tracking of cost-saving and revenue initiatives. Prepares monthly presentations, summarizing results for the VP group.

Route Profitability

Maximize route profitability by creating automated, daily (eventually real-time) KPIs measuring revenue from traveled revenue and ancillary sales less all related expenses (actual and allocated) per route.
Develop best-in-class route profitability management tools and techniques.
Deliver effective and accurate profitability reporting on a route level.
Continuously monitor competitor route profitability (where possible) and translate findings into action.

Reporting

Responsible for various period analytics and reporting, including variance analysis, invoice approval, and disputes.
Provide reliable reporting of KPIs.
Other duties as assigned by the organization from time to time.

Qualifications & Requirements:

Education:

Bachelor’s degree, ideally in a quantitative subject, such as economics, mathematics, engineering, actuarial sciences, business, or in a related area.

Experience:

A minimum of 3-5 years of relevant experience in roles emphasizing financial analytics. Recent graduates with a combination of educational background and relevant experience in the field, coupled with a forward-thinking mindset, will also be considered.

Skills and Abilities:

Proficiency in financial modeling to support decision-making processes.
Strong analytical skills to interpret complex financial data and identify trends and anomalies.
Ability to conduct variance analysis to assess differences between actual and budgeted financial performance.
Experience in forecasting financial performance and assisting in budget development.
Advanced Excel skills, including creating complex spreadsheets and manipulating large datasets.
Preparation and presentation of financial reports, including dashboards and KPIs, to stakeholders.
Effective communication skills to convey financial insights and recommendations to stakeholders.
Strong attention to detail to ensure accuracy in financial analysis and reporting.
Ability to identify financial problems, analyze root causes, and develop solutions.
Flexibility to work in a fast-paced environment and adapt to changing priorities.
Collaboration with cross-functional teams and building strong working relationships.
Understanding of industry trends, regulations, and best practices related to financial analysis and reporting.
Passionate, driven, and forward-thinking mindset.
Adaptability and ability to learn and adjust quickly to new challenges and environments.

Competencies:

Leading as a Flair teammate by demonstrating collaborative behavior and modeling the company's values in all interactions
Maintaining diverse relationships with peers and stakeholders to foster effective communication and collaboration
Delivering results with impact by setting clear goals, prioritizing tasks effectively, and continuously striving for improvement in performance and outcomes

Requirements:

Clear criminal record check and satisfactory references
Must be legally eligible to work in Canada without restriction

Why Join Flair Airlines:

At Flair Airlines, we value our employees and provide a supportive and collaborative work environment that offers opportunities for growth and professional achievement. Additionally, we offer a comprehensive benefits package, effective on your first day of employment, which includes:

Competitive compensation package including medical and dental benefits, both short and long-term disability coverage, life insurance, dependent life insurance, and an employee & family assistance program.
Pension plan with matched contributions.
Individualized performance bonuses based on achievements.
Attractive referral incentive program.
Access to our staff travel program, allowing employees and their travel companions unlimited travel access across the Flair network.

How to Apply:

If you’re ready to embark on this exciting journey with Flair Airlines, please submit your resume through the job posting and answer a few questions about your experience and suitability for the role.

Application Deadline: May 31, 2024, or until a successful candidate is selected

Flair Airlines is committed to creating an inclusive, equal, and accessible environment that attracts diverse talent. We encourage qualified candidates from all backgrounds to apply for this role. If you require accommodation during the selection process, please let us know. While we appreciate all applications, only shortlisted candidates will be contacted for the next stage of the recruitment process.

We look forward to the possibility of welcoming you on board!

Website: flyflair.com

Flair Airlines Ltd.

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