Finance Manager - Aviation

About Fly Red Sea

Fly Red Sea is a subsidiary of Red Sea Global, focused on delivering air mobility services to the Red Sea destination. As part of the Red Sea Global Group, Fly Red Sea aligns with shared strategic goals, collaborating to provide exceptional aviation service. Our team embraces innovation, hospitality, and exceptional service, offering exciting career growth in the aviation sector. We are committed to supporting Vision 2030 through programs promoting regenerative tourism and sustainable aviation.

Role Purpose

The Finance Manager for Aviation is tasked with managing financial reporting, planning, and analysis activities within the aviation segment. The role ensures the organization’s financial integrity, drives cost-efficiency, and upholds regulatory compliance. Key responsibilities include budgeting, forecasting, and delivering strategic financial insights to guide decision-making processes across all management levels.

Key Responsibilities

• Manage daily financial operations, including accounts payable and receivable, general ledger, treasury functions, and cash flow.
• Prepare and submit financial statements monthly, quarterly, and annually, following appropriate accounting standards and aviation regulations.
• Develop the annual budget and perform monthly operational expense reviews against projections, updating quarterly rolling forecasts with detailed analysis.
• Assist in forming short-, medium-, and long-term financial forecasts in line with business strategies.
• Analyze financial results, identify variances, and suggest corrective measures.
• Oversee revenue and cost accounting for aviation activities such as ticketing, ground services, aircraft upkeep, leasing, and charters.
• Ensure compliance with tax regulations, auditing standards, and civil aviation authority requirements.
• Coordinate with auditors, financial institutions, lessors, suppliers, and regulatory agencies as required.
• Support strategic ventures including fleet growth, route profitability, pricing decisions, and capital investments.
• Utilize ERP platforms like SAP and aviation-specific financial tools to guarantee precise reporting and efficient operations.
• Lead and develop the finance team to uphold organizational objectives and adapt to evolving needs.
• Primarily based in the office with occasional site visits and partner meetings.
• Willingness to work extended hours during audits, closings, or key project deadlines.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, or relevant discipline; professional certification such as ACCA, CA, CPA, or CIMA preferred.
• Prior experience at a reputable Chartered Accountancy firm is required.
• At least 10 years of financial management experience, with minimum 5 years in the aviation industry.
• Comprehensive understanding of aviation financial operations, including cost and revenue models and regulatory compliance.
• Strong leadership qualities with proven strategic planning and communication skills.
• Proficiency in ERP systems, particularly SAP or equivalent aviation financial software.
• Familiarity with IFRS and aviation-specific tax legislation is advantageous.