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 55 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 and Government 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 Satellite fleet consists of 14 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
The Senior Financial Analyst is part of the Financial Planning and Analysis team within Finance, focused on Engineering, Operations and corporate-wide Capital Expenditures activities. They will assist the Manager FP&A in providing financial support to the CTO and CNIO, ensuring that their Capex and Opex reflect the operations of that group and all drivers to any operational variances are clearly understood and reported as part of each month’s financial close.
The incumbent will also work with other members of the FP&A team to collect and analyze data required for preparing reporting for the Engineering teams. They will critically evaluate the existing processes and suggest improvements. They will establish a regular channel of communication with the budget coordinators to understand the variances and support decentralized reporting for budget managers.
This role will also form as back-up for the Senior Financial Analyst, Budgeting and Planning and so the incumbent will become proficient in running/updating the rolling forecast/Adaptive database for reporting.
Main Responsibilities:
- Responsible for compiling engineering budget and financial review/analysis of actual versus budget, and actuals versus forecast including, but not limited to, the following key areas:
- Capital Expenditures – actual expenditures vs plan variance analysis and expected costs to complete
- Capital Expenditures – cash flow updates to provide Treasury with visibility into the timing and amount of all significant milestone payments to assist in cash flow planning
- Engage PMO team to ensure timely updates of the long-term plan for Capex and Opex
- Data extraction from the company’s accounting system (WorkDay) of actuals and updating the forecast and long-term plan [Capex & Opex]
- Monthly expense analysis, by cost center, including identification of drivers for any variances to budget or forecast together with possible mitigation initiatives including, but not limited to, all Engineering and Operations financial KPIs
- Monthly accruals – assist in the monthly review of Engineering and Operations results to ensure that (a) all accruals are recorded in a timely way by holding monthly review meetings with all significant Engineering and Operations department heads in advance of the monthly close to ensure all accruals are properly recorded
- YEE & Rolling Forecast – Engage with Budget owners and coordinators to support Quarterly revision to annual plan and prepare materials for post close review meetings to ensure the rolling forecast properly reflects the projected activity of that group over the next 18 months
- Assist with identification and implementation (in conjunction with Accounting Operations) of all capital project tracking and analysis tools
Additional Responsibilities:
- Responsible for collecting and documenting all required SOX documentation support for our budget and planning cycles as well as documenting new processes implemented as part of new projects
- Assist in capital expenditure financial evaluations to both support the approval process and subsequent tracking of expected versus actual costs for procurement projects, including the impact that change orders might have on existing projects and expected returns
- Provide back-up to the Senior Financial Analyst, Budgeting and Planning and be able to run/update the Long-Term Financial Plan, Budget and other Forecasting analyses that may be required
- Occasionally support the Director/Senior Director with ad hoc projects and initiatives
Education and Experience Required:
- CPA / ACCA / MBA or similar qualification
- 5+ years of industry experience with a minimum of 3 years in a senior planning and analysis role
- Proficient in Excel and PowerPoint skills
- Strong communication skills with the ability to engage effectively across all organizational levels
- Demonstrated ability to perform comprehensive analytical reviews including ability to drill-down within an accounting system to perform detailed analysis
- Ability to identify underlying drivers behind key changes and organize large amounts of data
- Proactive nature / natural self-starter
- Experience of using Adaptive Insights and WorkDay is highly desirable
- Experience in financial modelling is a plus
Working Conditions:
- Generally comfortable working environment. Moderate visual concentration in use of computer monitor and considerable attention to detail.
The ability to obtain a Government of Canada Reliability clearance is required for this position
