Country: INDIA
City: Mumbai
Department: Financial Reporting
Closing date: 3 August 2011
Job Purpose
Regional Finance Position based in Mumbai, responsible for countries within the Indian subcontinent region.
Job holder is required to perform an ongoing strategic finance and taxation review for the region and identify opportunities to reduce costs, realize regionalization synergies and to implement continuous change to achieve simplicity and efficiency.
Ensure each station’s financial accounting, taxation and reporting process are in compliance and in line with Corporate Governance, Manual of Authority, Company Policies & Procedures and local statutory and legal requirements to ensure there are no compliance and legal exposures; taking care to protect the companies interests and assets.
Work with other Regional commercial and ground services Managers in identifying opportunities to improve, change and resolve issues that may hinder smooth operations, taking the lead role in identifying cost reduction opportunities. Be fully involved in the new business model set ups by analyzing the proposals, performing a financial advisory role and formulating new business ideas and identifying opportunities which will stimulate revenue generation or reduce costs.
Acting as a bridge between station finance and other departments at Head Office. Take full responsibility for all the station finance related activities, ensure that there are no control environment risks, and identify mitigating controls for all risk areas.
Responsibilities
Continuous review of stations , ensuring compliance with corporate governance , local regulations and best practices. Ensure robust and adequate processes, procedures and controls are in place to prevent and detect financial irregularities.
Liaise with the financial reporting systems team to ensure appropriate data processing and MIS tools are provided at the stations
Identify and assess station financial risks and develop and implement processes that mitigate these risks.
Critically study and review all station commercial and financial agreements. Perform the duties of contract administrator for finance related contracts in compliance with the standard operating practice issued by the legal department. Provide feedback to the contracts department to ensure contract terms are negotiated optimally.
Plan and manage the start up of the Finance function for new regional stations; this would include the appointment of Finance Managers (FMs), set up of bank accounts, appointing auditors/tax consultants, concluding third party contacts, arranging new FMs orientation at Head Office.
Drive each regional station to ensure accuracy, transparency, timeliness and compliance for all functional finance areas: General Ledger, Accounts Payable, Revenue, Cash, Fixed Assets and Accounts Receivable, Budgeting, Taxation, HRMS records and Payroll.
Support the Treasury department in managing proper set up of banking, funds transfers between local bank accounts and surplus funds to H.O, arrangement of funds at stations to ensure timely settlement of commitments.
Requirements
You should be minimum university degree in accounting and a professional international accounting certification is madatory. Additional qualification in Corporate Law, Taxation would be an added advantage.
You are required to have the following:
You must have right to live and work in India
15 years of broad finance and accounting experience of which a minimum of 8 years at managerial level within an airline industry
Ability to manage a multicultural team across different time zones.
Good negotiation skills essential.
Thorough accounting knowledge.
Knowledge of the industry and specific accounting practices.
Click here for more details and how to apply
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