Senior Accountant

Job description / Role

Support processes necessary to manage the different major units within the Finance departments of EK Revenue Services, Group Accounts Payable Services, Group Payroll Services, Group Financial Reporting Assurance and Taxation (GFR A&T) and Master Management, , Group Revenue & Customer Services, and Regional Finance Office.

The focus areas of the major units comprise analyzing the risks and internal controls as applicable for revenue, credit cards, indirect taxes and master management, supplier and employee disbursements in a business unit, identifying solutions, mitigating risk, accuracy, and integrity in financial accounting through a process of GL review/reconciliation complying with Group Policies and Procedures, Revenue/Yield reporting, Commercial Systems, facilitate tax compliance, service delivery to internal and external
customers, reviewing key processes and recommending measures as required to enhance efficiency and drive optimization of unit costs.

Job Accountabilities:
- Perform periodic process reviews/risk assessment techniques, identify system/process-related discrepancies/limitations/revenue leakages, handle qualitative analysis, and compile data for KPIs, and analytical reports required by Senior Management.
- Maintain reconciliation standards through regular review of reconciliation functions and internal controls.
- Review all reconciliation nominals and follow-up for open items with an aim towards closure of the same within the stipulated timeline.
- Identify high variances in the nominals and investigate causes of the same and liaise with stakeholders for resolutions and corrective action.
- Explore opportunities and collaborate and coordinate with the Finance teams and relevant stakeholders for process improvements, system enhancements, automation and escalate anomalies and provide recommendations to the Senior Management.
- Assist auditors in coordination with the Finance Controller and handle queries with reference to quality controls, quality reports, and procedures.
- Liaise with various stakeholders to resolve discrepancies regarding agreements/ circulars/ reconciliation to ensure relevant information is interpreted and updated accurately for continuity, clarity, and completeness.
- Analyse the data generated using trends/comparative analysis/industry data and escalate meaningful observations that are causing yield dilution or revenue leakage etc. to concerned stakeholders for appropriate corrective action.
- Manage, motivate, and develop the team into a cohesive working unit, maximize team accuracy and productivity so that respective team deliverables are completed in the most cost-effective way and as per the set KPIs
- Perform User Acceptance Testing for Finance products to ensure system requirements are met

Specific to EK Revenue Services (EKRS)
Passenger Sales, Revenue Recognition and Interline
- Manage revenue accounting and audit of passenger Revenue Recognition, Sales liability, Interline billing, receivables, and expenses in accordance with IATA rules and regulations with staff support.
- Ensure that these are accounted accurately and in a timely manner, and reflect the correct values in the monthly Financial Statement.
- Identify the other Revenue leakage areas in Revenue Accounting or any discrepancies/reporting issues and ensure that corrective action based on the type of discrepancy is taken and escalated at the level as outlined in Standard Operating Procedure so that the revenue of the company is protected.
- Perform completeness and integrity checks in the relevant Financials system and liaise with the other teams within the section to ensure that the closing disciplines and monthly deadlines are met.
- Evaluate codeshare contracts interpreting the complex contractual clauses to establish accurate billing values in inward/outward billing file and highlight discrepancies, if any.
- Ensure billing disputes on complex agreements are resolved within the required time frame incorporated in RAM (governed by IATA) and Codeshare Agreements/SPAs.
- Manage Codeshare partner relationship and operational audits as stipulated in the agreement. Analyse the OAL tickets/coupons on EK metal to identify and highlight areas of potential yield dilution/fare discrepancy and evaluate the total impact on EK.
- Liaise with OAL, Commercial, Revenue Optimisation and IATA in connection with queries, disputes, issues, and feedback to ensure timely resolution.
- Conduct pre and post-closing reviews to ensure accurate and complete billing and accounting function.
- Support External audit requirements by resolving their queries/observation, providing justification as required.
- Support Team Lead with analytical/compliance data requirements for key business decisions, Interline reporting and escalations.

Passenger - Other Airlines Revenue Assurance
- Analyse OAL tickets/coupons on EK metal to identify and highlight areas of potential yield dilution/fare discrepancy and evaluate the total impact on EK.
- Analytically review established sample data by utilizing range of data sources from CBI, CRV, RAPID and MARS to identify ticket level discrepancy and compute extrapolated impact.
- Review and align with Revenue Optimisation on significant discrepancies to ensure accurate interpretation of Interline Agreements.
- Review highlighted discrepancies and assist the team head on resolution and feed-back to OAL partners.
- Ensure OAL discrepancies are accurately billed based on OAL uplift in a timely manner.
- Support the Team Lead in managing the overall assurance/reporting process.

Requirements

Qualifications & Experience
- Finance & Insurance/Accounts :
- 5+ Years

Degree or Honours (12+3 or equivalent) :
- Degree in Finance or Accounting related preferred Experience in Finance and/or Accounting in a Supervisory capacity

Knowledge/skills:
- Ability to analyze and review in detail Accounting statements and reports.
- High level of computer literacy and good knowledge of office automation software like Word, Excel, MS Access, and PowerPoint
- Critical Thinker with good investigative and analytical skills Specific to EKRS and Revenue Master Management
- Experience in handling fare/tax audit/ Master management functions, preferably in an airline, in a supervisory capacity
- Practical experience in specifying and testing the Revenue accounting-related system changes would be preferable
- Knowledge and experience in Revenue Accounting functions such as passenger fares, cargo, proration, and interline billing.

About the Company

A fast-growing international airline with one of the youngest fleets in the sky and more than 400 awards for excellence worldwide.