Manager - Management Accounts - Air Arabia
4 weeks ago
Manages Airline Companys accounts for all nonoperational & non technical costs revenue accounts ensuring compliance with approved accounting standards and procedures. Manages revenue and cost accounting for Subsidiary companies. Interacts with internal and external parties such as government departments banks auditors GSAs and suppliers in order to facilitate or resolve functionrelated matters as per Air Arabia adopted policies and procedures.
Key Result Responsibilities- Manages Companys accounts for all costs revenue accounts & related activities in coordination with Stakeholders and external parties ensuring timeliness and accuracy as well as compliance with requirements and regulations.
- Manages General Ledgers subsidiary ledgers suspense accounts etc. to ensure financial transaction are posted & recorded accurately.
- Delivers IFRS compliant audited and consolidated Financial statements for all group companies.
- Subject matter expert for implementation of Financial ERP system with integration of multifunctional systems.
- Responsible for all Revenue channels cross all entities. Achieves all receivables as per credit terms establishes strong internal controls for no leakage of revenues and ensure cash inflows for effective cash management. GSA management for adherence to all contractual obligations and credit terms including provision of valid bank guarantees.
- Utilizes and maintains available records to monitor Direct Sector Costs accounts and payments; on monthly basis analyses rates of components in purchase orders and invoices against previous purchases and in accordance with agreed contracting terms to highlight variations.
- Coordinates with internal and external auditors on schedules to facilitate their audit reviews and ensure smooth inspection as per adopted procedures.
- Partners with Stakeholders to prepare budgets for the direct sector costs; compares actual costs versus estimates analyses variations and highlights areas of difference on monthly basis. Communicates results to department heads to ensure proper budgeting and reasoning for any cost increase.
- Manages the skills and performance of the corresponding team with focus on knowledge sharing process improvement as well as career enhancement. Motivates coaches mentors and monitors the overall performance of the team members to achieve high standards in delivering results.
- Agrees objectives and identify KPIs for the respective team members; ensures his/her subordinates are fully aware and knowledgeable of their targets. Provides ongoing support and supervision to the team members to assist them achieve their goals and bridge any gaps identified.
- Ensures the available resources such as manpower systems tools and procedures are properly managed and utilized to achieve optimal productivity in line with Companys financial objectives.
- Generates function related reports such as the MIS reports to be presented to Management on regular basis. Ensure financial planning and reporting highlights with Head of department
- Manages taxation function to contribute towards designing the taxation process flow & outputs. Monitor teams for timely filing of returns handle any tax audits and ensure all statutory compliance.
- Manages supplier payments and ensures controls are in place for accurate payment in accordance with agreed terms and conditions. Interacts and coordinates with Stakeholders vendors GSAs and others to support them with any queries on functionrelated matters.
- Bachelor degree in Accounting / Finance/Commerce or equivalent from a recognized university.
- CA (Chartered Accountant) or CPA (Certified Public Accountant) certificates are preferable.
- Professional certificates or trainings related to Ancillaries are considered an advantage.
- Proficient in Microsoft Office Advanced Excel Access Word Power Point skills Internet and Web Search.
- Cost Control Compliance Budgeting and Auditing certificates and trainings are an added value and some may be treated as conditional for this role.
- 10 years of experience in corporate finance/accounting with a minimum of 3 years in Airlines Industry in a managerial or senior role leading a team is a prerequisite.
- Must have worked in a midsized organization operating on a regional/multinational level preferably in Airlines/Travel/Tourism industry; experience with lowcost airline would be an advantage.
- Knowledge & experience of applying IFRS is a prerequisite.
- Possesses comprehensive knowledge in financial control and accounting fundamentals such as SFAS (Statements of Financial Accounting Concepts).
- Excellent financial analytical and reporting skills.
- Proven skills in analyzing data identifying irregularities and recommending corrective measures.
- Costoriented possesses effective negotiation and problemsolving skills.
- Employs a balance of technical expertise and interpersonal relations to interact with senior level stakeholders external providers and external auditors to support companys objectives.
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