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Assistant Controller, Enterprise Asset Management

Standard Aero
paid time off, 401(k)
United States, Arizona, Scottsdale
6710 North Scottsdale Road (Show on map)
Nov 21, 2024
Assistant Controller, Enterprise Asset Management - Scottsdale, AZ

StandardAero is one of the largest independent MRO and aviation service businesses in the world, providing comprehensive services to commercial, military, business aviation, helicopters and industrial operators. Over 300 years of collective experience brings customers unique knowledge and expertise in solving maintenance challenges. The company has over 6,000 employees working out of facilities strategically located in the U.S., Canada, Europe, Asia and Australia and serving customers from over 80 different countries.

As the Assistant Controller, Enterprise Asset Management, you will have financial responsibility for leading the company's global asset management resources, in all aspects of engine trading, parts sales, & leasing. You will partner with the VP, Enterprise Asset Management and company business unit VP/GMs to ensure that priorities for asset management investment are supportive of and aligned with the company MRO goals. You will liaise with the Airlines & Fleets plus Business Aviation finance teams, fostering collaboration across the core company business units.

The initial focus (3 months) of this role is develop a 'Shadow P&L', integrating the company's current disparate accounting architecture and asset management capabilities across different sectors and products within StandardAero, utilizing effective change management, systems and enterprise thinking.

At the end of this initial phase, the company core asset management activities will be represented as a single P&L, a functional organization design is in place, and future investment requirements are defined to support the company long-range plan.

What you'll do:

Control Environment

- Design and implement new or evolved financial reporting, forecasting and operations management systems to drive consistency, alignment, and increased business performance across the entire Asset Management Portfolio within StandardAero.

- Engage with key finance stakeholders in both Airlines & Fleets plus Business Aviation to ensure alignment of focus and action

- Develop and deliver both Annual Operating & Long-Range Plan (AOP/LRP) commitments, including associated Risks & Opportunities management

- Develop and implement financial policies, procedures, work instructions and programs to enhance the competitive position and profitability of the operation.

- Assist with financial control activities including monthly/quarterly close processes, review and analysis of financial performance, and P&L and balance sheet management.

Partnering

- Support development and iterative refinement of strategies and execute the integration of a cross-sector and multi-product asset management team across StandardAero

- Develop rapid prototyping and more sophisticated financial appraisal templates to facilitate appraisal of Asset Management investments, including lease/rental engines, Used Serviceable Material (USM), Engine and Parts Trading, etc.

- Represent StandardAero in dialogue and negotiations with key industry partners supporting asset management activities, ensuring we are appropriately connected up and down the value-stream. Including but not limited to tear-down partners, airframe procurement, key leasing clients and ground services entities.

- Facilitate integration and embracement of asset management supply and demand into sector and business unit Sales, Inventory and Operations Planning (SIOP) processes to strengthen longer term planning and ensure competitiveness, cost effectiveness and cash management aligns with company goals

- Support weekly/monthly/quarterly business reviews with senior operations and finance leadership teams

. Core Competencies

- Strong Financial and Business Acumen, specifically in the aerospace industry, and in the asset management space

- Business Development - ability to synthesize opportunities externally and internally to grow Asset Management for StandardAero, and create a business case to fund, cultivate, execute to deliver enterprise value

- Drive for results and high-level of accountability

- Innovation, change management and setting and communicating a clear vision

- High-level of integrity, empathy, and desire to cultivate a culture that fosters teamwork

Position Requirements:

- Must be authorized to work in the U.S.

- High school diploma or GED required.

- Bachelor's degree in accounting, finance, or related field required.

- Minimum 3 years experience in a finance or accounting role.

- Recognized accounting designation (CPA or equivalent).

- Thorough knowledge of Generally Accepted Accounting Principles (GAAP).

- Several years of experience in accounting, budgeting, financial planning and analysis or other financial activities.

- Knowledge of the Commercial and/or Business Aviation markets.

- Strong business acumen and innate curiosity with a talent for finding and maximizing opportunities in order to collaborate and contribute to the success of the total business model, including support functions such as Operations, Sales, Quality, etc.

- Track record of change management, operational excellence & continuous improvement.

- Strong knowledge and experience utilizing and/or implementing software or technology solutions within the business

- Strong negotiation and communication skills

Benefits that make life better:

- Comprehensive healthcare

- 401(k) with 100% company match; up to 5% vested

- Paid Time Off starting on day one

- Bonus opportunities

- Health- & Dependent Care Flexible Spending Accounts

- Short- & Long-Term Disability

- Life & AD&D Insurance

- Learning & Training opportunities

Raising the Standard of Excellence since 1911

With over a century of proven excellence, StandardAero has become an industry leader in MRO services and customized solutions in the aerospace field. Our shared values and learning-based culture inspire our team to exceed their potential and power our customers' missions worldwide. With on-the-job training, advancement opportunities, and excellent benefits, StandardAero invites you to experience a fulfilling and meaningful career with us.

Inclusivity Is Our Standard

StandardAero offers equal employment opportunities for all. Our supportive environment celebrates diversity with no room for harassment or discrimination of any kind. We invite you to bring your authentic self to our team and experience our welcoming culture.
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