MANAGER - FINANCIAL CONTROL

Gulf Air Group; Bahrain; On-site; BHD 60,000 - 90,000; Full time

Job summary

Gulf Air Group is seeking a senior finance professional responsible for budgeting, cost accounting, and overall financial governance for the assigned Division in Bahrain. The role focuses on budgeting, forecasting, closing, and compliance with financial standards.

You will monitor divisions’ performance, provide guidance, analyze variances, and support procurement and contract controls to ensure long-term economic merit in decisions.

Qualifications

• University degree in Accounting, Finance, Economics, Commerce or related field.
• Professional accounting qualifications (CPA, CMA, ACCA or CIMA) are advantageous.

Responsibilities

• Budgeting and forecasting support for the Division throughout the annual process.
• Prepare and coordinate financial reporting, month-end and year-end close.
• Monitor expenditure against budgets and analyze variances.
• Review contracts and tender inputs from a financial perspective.
• Ensure internal controls and governance align with policies and standards.

Education

University degree in Accounting/Finance/Economics/Commerce

Professional accounting qualifications (CPA/CMA/ACCA/CIMA)

Tools

Gulf Air core financial system

Job description

The jobholder is responsible for all budgeting, cost accounting, and financial and economic matters of his/her assigned Division.

As such he/she will monitor the performance of the Division including control and support in areas of budgeting, reporting, cost accounting, financial account, agreement supervision and other economic matters.

The person will ensure compliance with standards as mentioned in the financial manual as also with regulatory requirements. Will also ensure long term economic merit is the prime consideration in decision-making and negotiations

KEY RESPONSIBILITIES

Budgeting and Forecasting

Provide full financial support to the Division throughout the annual budgeting process.

Provide financial guidance and support to business units in preparing their budgets.

Review budget submissions for completeness, reasonableness and compliance with budget guidelines.

Support business units with forecasts and financial projections when required.

Consolidate and coordinate budget information with the Budget Office.

Financial Reporting and Closing

Ensure month-end and year-end closing activities are completed accurately and on time.

Review and coordinate accruals, provisions, reclassifications and other closing adjustments.

Review General Ledger balances and identify unusual or unexplained movements.

Ensure transactions are recorded in the appropriate accounts, cost centers and accounting periods.

Ensure financial records comply with Company policies and applicable accounting standards.

Coordinate resolution of accounting discrepancies with the relevant departments.

Cost Control and Financial Analysis

Monitor expenditure against approved budgets.

Analyze significant cost variances and support the Division in understanding the reasons for those variances.

Identify opportunities for cost reduction and operational efficiency.

Support cost-benefit and efficiency assessments.

Procurement and Contract Controls

Participate in procurement processes by reviewing the reasonableness of tender estimates and providing financial input, as required.

Participate in tender evaluations, including the commercial and financial evaluation of bids and proposals.

Review contracts from a financial perspective and provide the necessary financial input.

Review and update Contract Approval Forms in a timely manner to facilitate the required approvals and avoid delays in the procurement and contracting process.

Internal Controls and Financial Governance

Review financial processes and controls within the assigned Division.

Ensure compliance with financial policies, procedures and delegated authorities.

Identify control weaknesses where possible and recommend appropriate improvements.

Support implementation of corrective actions arising from audits (Internal and External) or control reviews

EDUCATION / QUALIFICATIONS

University degree or equivalent qualifications in Accounting, Finance, Economics, Commerce or a related field.

Professional accounting qualifications (CPA, CMA, ACCA or CIMA) would be an added advantage

EXPERIENCE

Minimum 6 years of relevant experience.

Familiarity with Gulf Air’s core financial system is required