Manager - Financial Control

Gulf Air; Manama; On-site; BHD 48,000 - 72,000; Full time

Job summary

Gulf Air seeks a senior finance professional to oversee budgeting, cost accounting and financial governance for its division. You will ensure compliance with the financial manual and regulatory requirements, and keep long-term economic merit at the forefront of decisions.

Key duties include budgeting and forecasting, financial reporting and closing, cost control and procurement input. You should hold a university degree in accounting/finance, and professional accounting qualifications

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.
• Six years of relevant experience and familiarity with Gulf Air's core financial system are expected.

Responsibilities

• Budgeting and forecasting support across the division and budget consolidation.
• Financial reporting and closing activities: month-end and year-end processing.
• Cost control, financial analysis and identification of cost-saving opportunities.
• Procurement review input and contract financial oversight.
• Maintain internal controls and governance in line with policies and audits.

Skills

Budgeting

Financial analysis

Cost control

Education

University degree in Accounting/Finance

Professional accounting qualifications (CPA, CMA, ACCA or CIMA)

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

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