Lead Business Finance Officer

Job description / Role

Lead Business Finance Officer - Qatar Airways - Doha

The Lead Business Finance Officer will be responsible for the preparation of financial and strategic planning, monitor execution of financial plans by tracking risks, controls, opportunities, and driving corrective actions in co­operation with the management team. Leads, directs and develops recognition as an expert in financial matters for the assigned function.

As a subject matter expert the role will provide value-added, meaningful, and insightful reporting and analysis for the Senior Management.

Operational

* Review the Budget prepared by Departments with reference to various parameters, restrictions & Limits specified by the management for ensuring that the additions sought are reasonable and minimized depending on the circumstances of Operation
* Analyze monthly financial statements, identifies the drivers of financial performance and proposes potential solutions. Evaluates and prioritizes financial and operational viability and attractiveness of solutions proposed by self and others
* Produces periodic financial forecasts, projections as well as annual strategic and financial plans.
* Independently completes reviews of current practices to ensure effective control and/or feasibility reviews of proposed business operating plans to ensure the most efficient functioning of all areas of the company.
* Identifies procedures & practices that involves additional cost, wasteful & avoidable expenditure, quality in excess of requirement, cheaper alternatives without compromising quality and suggest methods or improvements to reduce or control costs
* Reviews and prepares analyses of potential new business ventures to evaluate adequacy of supporting business case with new reports/formats/distribution media.
* Maintains Data base of all statistical information on various matters viz. KPIs, Data relevant to the determination of KPIs, for the past 3 to 4 years for effective comparison of performance
* Reports on actual investment or initiative results after implementation and compares to original project plan.
* Monitors the capital budget to insure funds are spent as intended.
* Revise existing IAPs & Policies to update & accurately reflect the current practices & management instructions,
* Develop new Policies & IAPS for any area of operator not covered by existing IAPs & Policies & Ensure all practices are as per Delegation of Authority(DOA)
* Performs related duties as assigned which may not be specifically listed in the job description, but which are within the general occupational series and responsibility level associated with the incumbent's class of work.
* Presents annual plan process within assigned area, and functions as a resource for area's planners on the criteria for the current processes.
* Maintain and update key operating statistics of the airline constantly sought at various levels of management for decision-making including other airline statistics.

Client Management

* Assist the Departments in the preparation of budget & provide guidance
* Regularly review the department financial objectives, plans, procedures and practices and recommend appropriate changes if needed.
* Presents Cost centre Reports tailored to the requirement of the Budget Holder, Highlight unresolved issues, disputes and conflict of interest within dept., Between depts. and outside parties.
* Comply strictly to the deadline specified for submission of Audit requirements, requirements of Statutory, Government agencies & all reports for top management.
* Oversee and coach employees within the function who carry out financial transactions to ensure a high standard of service delivery.
* As Subject Matter Expert, provide financial guidance to the assigned function to enhance quality of decision-making.

Management & Leadership

* Establish the department or teams objectives and priorities to align with and support business objectives.
* Regularly evaluate the department or teams objectives, plans, procedures and practices, and makes appropriate changes if needed.
* Oversee and supervise employees. Direct daily activities, recruit, train, develop and discipline to ensure a high standard of service delivery

Development

* Take responsibility for own ongoing personal development and growth of expertise.
* Train and develop employees(including Local), for proper succession planning and risk management.
* Assist in the response to any emergency or a major operational disruption affecting Qatar Airways or its subsidiaries, including support of the Qatar Airways Special Assistance Program.
* Develop a system of assisting each other in case of urgencies and to stand-in for your team mates in case of urgencies.

Requirements

* Bachelors Degree or equivalent
* CA/CPA qualified, with excellent post qualification experience.

Preferred

* Masters Degree or equivalent

Previous Experience:

Specialist - minimum 5 years of job-related experience required
* 5 years experience with at least 3 years with an international airlines
* Strong analytical skills with the ability to review variances, understand business cycle and their impact on the profit and loss account.
* Excellent communication & presentation skills are a must, as is the ability to work effectively across the organization
* Good knowledge of finance system(ERP)
* Knowledge of cost centre accounting, preparing budgets and forecasts

Job Specific Skills:
* Must have excellent organizational ability to be able to set priorities, handle multiple responsibilities /work interruptions, and meet deadlines.
* Must be a self-starter and have the ability to work independently with minimal instruction
* Must have good interpersonal skills
* Must have the ability to maintain strict confidentiality of records and information

About the Company

Qatar Airways is proud to be one of the youngest global airlines to serve all six continents, and thanks to our customers’ response to our offerings, we are also the world’s fastest-growing airline. We connect more than 150 destinations on the map every day, with a fleet of the latest-generation aircraft, and an unrivalled level of service from our home and hub, the Five-star airport, Hamad International Airport in Doha, the State of Qatar.

Travel today involves a mix of short, medium and long-haul segments, with more people travelling than ever before. With the breadth of network coverage today, virtually no destination is unreachable. This is why the commitment to service is paramount; as our guests are travelling farther and more frequently than ever before, the experience on board is an important part of the journey itself.

Since our launch in 1997, Qatar Airways has earned many awards and accolades, becoming one of an elite group of airlines worldwide to have earned a 5-star rating by Skytrax. Voted Airline of the Year by Skytrax in 2011, 2012, 2015 and most recently in 2017, Qatar Airways has won the confidence of the travelling public. We have accomplished these goals by focusing on the details – how we run the business, and how you experience our airline.