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PlaneSmart! Aviation

Fractional aircraft ownership and management

Accounting Associate - Private Aviation

Financial AccountingConfirmed live in the last 24 hours
Full-timeAddison, TX, USANo salary listed

About the Job

Requirements

  • A Bachelor's degree in Accounting, Finance, or a related field is preferred.
  • At least 4 years of progressive accounting experience.
  • Strong understanding of general ledger accounting and financial statements.
  • Experience with month-end close, reconciliations, accounts payable, accounts receivable, and payroll.
  • Advanced Excel skills.
  • Experience with QuickBooks or another major accounting or enterprise resource planning system.
  • Ability to work independently and take ownership of responsibilities.
  • Ability to handle confidential financial and ownership information professionally.

Responsibilities

  • Manage day-to-day general ledger accounting activities and maintain accurate financial records and supporting documentation.
  • Perform monthly bank, credit card, and balance sheet reconciliations.
  • Prepare journal entries, accruals, prepaids, and adjusting entries.
  • Lead day-to-day activities for monthly, quarterly, and year-end financial close.
  • Prepare and review monthly Profit & Loss and Balance Sheet reports; analyze account balances and investigate unusual transactions or variances.
  • Maintain an organized, audit-ready accounting environment.
  • Manage the full accounts payable and accounts receivable cycle, including processing vendor invoices and payments, generating customer invoices and statements, monitoring receivables aging, and following up on outstanding balances.
  • Reconcile customer and vendor accounts.
  • Support payroll processing and reconcile payroll entries to the general ledger.
  • Track aircraft-specific operating expenses and revenue, including fuel, maintenance, hangar, insurance, crew, landing fees, FBO charges, international charges, subscriptions, and other aviation-related expenses.
  • Track expenses and revenue by aircraft, owner, trip, department, or operating entity as appropriate.
  • Reconcile charter and aircraft management activity to accounting records and maintain and reconcile aircraft maintenance reserves.
  • Support aircraft acquisition, disposition, and capital expenditure accounting as needed.
  • Track fixed assets and depreciation schedules for aircraft and related equipment; review aircraft operating costs and identify discrepancies or unusual activity.
  • Maintain separate accounting records for multiple related entities and operating accounts; record and reconcile intercompany transactions.
  • Support aircraft owner statements and reporting, assist with owner-level expense allocations and reconciliations, and ensure transactions are properly classified among company, aircraft, and owner accounts.
  • Produce monthly financial statements and management reports; prepare budget-to-actual and variance analyses.
  • Provide management and leadership with visibility into cash flow, operating expenses, aircraft profitability, and overall financial performance; develop reporting on the economics of individual aircraft and aviation operations.
  • Assist with annual budgets, forecasts, and cash flow planning.
  • Work with outside certified public accountants, tax advisors, and attorneys; provide schedules and supporting documentation for tax filings; assist with annual tax preparation and financial reviews.
  • Maintain documentation required for audits, financial reviews, and Federal Aviation Administration reviews; ensure accounting procedures are consistent with U.S. generally accepted accounting principles and company policies.
  • Identify opportunities to improve accounting processes and internal controls; establish standardized procedures for accounts payable, accounts receivable, reconciliations, reporting, and documentation.
  • Improve the accuracy and efficiency of financial reporting and help implement accounting technology, automation, and reporting tools where appropriate.
  • Work closely with company leadership, operations, aircraft owners, vendors, and outside accounting and tax professionals to maintain accurate, timely financial records.

Desired Qualifications

  • Private aviation, aircraft management, charter, fixed-base operator, maintenance, repair, and overhaul, or related aviation experience.
  • Experience with multi-entity accounting.
  • Experience with aircraft fixed assets and depreciation.
  • Experience with maintenance reserves or aircraft operating cost accounting.
  • Experience preparing owner statements or aircraft-level financial reports.
  • CPA firm or public accounting experience.
  • CPA license or CPA-track background.

About the Company

PlaneSmart! Aviation

Fractional aircraft ownership and management

PlaneSmart! Aviation provides private aviation services centered on fractional ownership and full aircraft management. Its Professionally Managed Shared Ownership lets clients buy a share for a set annual flight hours without the burdens of sole-ownership; it also offers aircraft management, maintenance, and the option to place owned aircraft on its charter certificate to earn revenue. The company also provides flight training, aircraft brokerage, sales, and charter flights, supported by a mixed fleet of pistons, turboprops, and jets. Its goal is to offer flexible, cost-effective private aviation by combining ownership options, management, charter, and support services for individuals and businesses.

Company size
11-50
Company stage
Not listed
Total funding
Not listed
Headquarters
Addison, TX
Founded
2003

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