Position Details
- Position Title: Manager – Finance and Accounts
- Grade: D2
- Function: Finance
- Location: Gurugram
- Reports To: Chief Manager
- Level: CXO – 3
B. Job Purpose
- Ensure robust financial control, transparency, and compliance for lease and maintenance transactions, safeguarding organizational interests through effective analysis, monitoring, and risk management.
- Drive cost optimization and operational efficiency by managing lease-related expenses, conducting financial analysis, and collaborating with cross-functional stakeholders.
C. Key Accountabilities
1. Lease Agreement Management
- Execute monthly financial close activities, including preparation of journal entries and accruals for aircraft, engine, and property leases.
- Maintain a centralized repository of lease agreements and track key contractual and financial terms.
- Validate lease-related data, including Maintenance Reserves (MR), Security Reserves (SR), and Redelivery/EOL obligations, ensuring accuracy in accounting.
- Perform reconciliations, variance analysis, and periodic reporting on lease obligations and performance.
- Monitor maintenance costs and ensure timely closure of books.
- Identify opportunities for cost optimization and process improvements.
- Ensure compliance with Ind AS 116 and other applicable accounting standards.
- Coordinate with internal and external auditors and effectively address audit queries related to lease and maintenance accounting.
- Liaise with lessors and internal stakeholders to ensure seamless operations and timely resolution of issues.
2. Group MRO (Maintenance, Repair & Overhaul)
- Manage monthly financial close and accounting for Group MRO transactions.
- Coordinate with Group entities and Engineering teams to obtain, validate, and reconcile operational and financial data.
- Ensure timely and accurate invoicing of all Group MRO services.
- Conduct financial analysis and support standardization and optimization of MRO processes.
3. Additional Responsibilities
- Undertake additional assignments, projects, or responsibilities as required from time to time, in alignment with organizational priorities and stakeholder expectations.
D. Skills & Competencies
- Strong accounting and financial acumen
- Analytical and problem-solving skills
- Proficiency in MS Office (particularly Excel)
- High attention to detail and accuracy
- Effective time management and ability to meet deadlines
E. Key Interfaces
- Internal: Collaboration with Legal, Compliance, Engineering, Operations, and other functions to ensure compliance, mitigate risks, and align financial processes.
- External: Interaction with lessors, vendors, and maintenance service providers to ensure contractual compliance and smooth execution of transactions.
F. Educational & Experience Requirements
Education
- Chartered Accountant (CA) or Certified Management Accountant (CMA)
- Bachelor’s degree in Finance, Accounting, or related field
Experience
- Minimum: 4–5 years of experience in lease accounting or financial accounting
- Preferred: 5+ years of experience, preferably in the aviation industry, with exposure to lease accounting frameworks and regulatory compliance
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