Manager - Finance & Accounts

Position Details

• Position Title: Manager – Finance and Accounts
• Grade: D2
• Function: Finance
• Location: Gurugram
• Reports To: Chief Manager
• Level: CXO – 3

B. 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.

C. 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.

1. 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.