FINANCE MANAGER 

Our client is an international airline that is in the process of opening a station in the New York area.  They are seeking a Finance Manager to join their US team at their New York operation.                                                                       

Scope 

Reporting to the Country Manager, the Finance Manager supervises the entire accounting department including the Revenue accounting section, Accounts Receivables & Sales section, Accounts Payables  and Refunds sections, Treasury, Budgetary Control and Financial Planning section, Payroll section, and Internal Audit section.  The Finance Manager will assist the GM Finance & Administration with financial management of the Company. 

The Role 

• Contributing to the business plan by submitting annual budgets and forecasts to include manpower, operational expenses, departmental and administrative expenses.

•  Conduct cost / benefit analysis, examine and financially justify all capital projects, upcoming initiatives and acquisitions  by the Company

• Set up financial controls and approval processes

• Introduce a cash management and forecasting system for payment planning purposes

• Manage the preparation of annual, monthly and weekly cash flow forecasts

• Reconcile bank accounts  and control cash flows including the recording and reconciliation of all sales & purchases and management of treasury payments

• Performance of daily and end-of-month accounting/reconciliation of P&L and balance sheet

• Closure of end-of-month accounting transactions and production of associated journals/ledgers up to trial balance

• Account for VAT on expenditure & reconcile all transactions in bank, claiming refunds within strict deadlines in order to ensure prompt payment

• Air Passenger Duties (APD) or similar monthly returns in accordance with Government Regulations

• Year- end tax returns

• Deal with bank credit facilities, bank loans and interest payments

• Process letters of credit & relevant documentation

• Manage long term finance leases

• Undertake revenue cash protection tasks on all of the Company’s sales and refund activities

• Advise the General Manager Finance & Administration and Sales & Marketing department on pricing issues if and where applicable, managing the Company’s airline ticket stock (printing & delivery) and distribution to General Sales Agent (GSA) and the Company’s ticket & sales outlet(s)

• Analysis of financial data concerning market and sales (including GSA) performance for the submission of management ‘critical’ reports on route / revenue performance and profit optimization Perform credit control task, including debt management, setting up and monitoring accounts.

•  Liaison with customers and debtors with overdue accounts and taking necessary steps to achieve payments.  In addition to cash and check, record all credit card sales transactions

• Set up and managing billing and payment systems (Bank settlement plans; BSP)

•  Liaison with external bodies (IATA, BSP etc) and GSA’s to ensure that all funds are collected and deposited into company account(s) promptly

• Resolve passenger claims, raising and processing credit card and cash payments to customers for ticket refunds, baggage claims and complaints

• Liaison with suppliers (old & new), reviewing supplier contracts, and issuing payments promptly to ensure adherence with said contract terms and conditions

• Reconcile staff expense claims and petty cash

• Prepare financial statements, coordination of internal audits and offering assistance to external auditors for closure of end-of-year accounts

• Set performance targets for each Financial staff member in relation to production and accuracy

 Qualifications: 

Minimum 5 Years Experience as Finance Manager with at least 2 Years in an Airline Environment

Knowledge of Microsoft and General Accounting Software                                                                                              

A CPA is preferred 

 Interested persons should apply via the Careers Section at www.fhsolutionsgroup.com