Manager - Finance

The Red Sea Development Company

Job Purpose:

The Finance Manager Aviation is responsible for overseeing the financial reporting, planning, and analysis functions within the aviation sector of the organization. The role ensures financial health, cost efficiency, and compliance with applicable regulations. The incumbent will play a key role in budgeting, forecasting, cost control, and providing strategic financial insights to support decision-making at all levels.

Job Responsibilities:

• Oversee day-to-day financial operations, including accounts payable/receivable, general ledger, Treasury and cash flow management. Prepare and present monthly, quarterly, and annual financial statements in accordance with relevant accounting standards and aviation industry regulations.
• Prepare annual budgets and conduct monthly reviews of departmental OPEX performance (projection vs. actual), including updates to quarterly rolling forecasts with detailed commentary.
• Support the development of short-, medium-, and long-term financial projections aligned with business strategy.
• Monitor financial performance, analyze variances, and recommend corrective actions.
• Manage revenue and cost accounting related to aviation operations, including ticket sales, ground handling, aircraft maintenance, leasing, and charter services.
• Ensure full compliance with tax laws, audit standards, and regulatory requirements, including those set by civil aviation authorities.
• Liaise with internal and external auditors, banks, lessors, suppliers, and regulatory bodies as needed.
• Support strategic business initiatives such as fleet expansion, route profitability analysis, pricing strategies, and capital investment planning.
• Utilize ERP systems (e.g., SAP) and aviation-specific financial tools for accurate reporting, data analysis, and operational efficiency.
• Lead, mentor, and develop a high-performing finance team to meet current and future organizational needs..
• Primarily office-based, with occasional travel to operational sites or meetings with business partners.
• Flexibility to work extended hours during audit periods, financial closings, or critical project deadlines.

Skills:

• In-depth knowledge of aviation financial operations, including cost structures, revenue models, and relevant regulatory frameworks.
• Strong proficiency in financial modeling, budgeting, forecasting, and the use of financial analysis tools.
• Demonstrated leadership, strategic thinking, and effective communication skills.
• Hands-on experience with aviation ERP systems, specifically SAP or similar financial software.
• Knowledge of international financial reporting standards (IFRS) and aviation tax laws is an advantage.