Manager - Finance & Accounts

Job Description

Position Details

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

• 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.
• 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.
• 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

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)
• Bachelor’s 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