Manager - Finance & Accounts

Job description

**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. **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) •    Bachelors 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