Manager

Job Purpose: Job Purpose Plan and manage the financial reporting process
pertaining to Group Capital Assets including Lease accounting. Provide
strategic inputs and analysis on the impact of IFRS on the financial position
and profitability of the Group keeping a long term perspective in mind, and
develop suggestions for approval from Executive Management and auditors.
Facilitate the respective responsible teams (Env. Affairs, PR, Finance, Legal,
Operations, HR) in the delivery of the Annual report and press releases. Job
Accountabilities - Plan and deliver the financial statements of the Group in
accordance with IFRS and the production of the annual report within the target
dates set by Senior Management. This includes meeting the reporting
requirements of the parent company, the Investment Corporation of Dubai (ICD)
and results in two sets of balance sheets and income statements due to the
different year ends (‎31 Dec v/s ‎31 Mar) and reporting cycles. In addition,
generate interim financial statements to be in full compliance with the
regulatory requirements of the financial markets and ICD reporting. - Evaluate
the long term business and financial impact (over ‎3-‎5 year period) of new or
revised IFRS on the Group and existing lines of business (LOBs), including
subsidiaries, joint ventures and associated companies. IFRS evaluation and
impact assessment should be done taking into account the long term business
plans, understanding the Group vision and impact on operations and
recommending the most beneficial alternatives (from Group's perspective) to
senior management. - Influence and overcome challenges in implementing norms
or principles mandated by IFRS relevant to the various business areas ensuring
that key timelines related to the quarterly reporting cycle disciplines are
met. Keep abreast of future changes and developments in IFRS and assure
management agreement to the changes is obtained prior to new Standards
becoming effective. - Write justification papers and accounting notes for
appraisal by PwC's technical experts, to defend management's view on the
accounting treatment, ensuring robustness of the solution to withstand audit
test and compliance with IFRS. - Establish a framework for alignment of Group
companies financials with EK Group accounting policies and reporting format,
ensuring that the differences between IFRS and local GAAP (country specific
accounting standards) are investigated, measured (valued) and re-aligned in a
manner beneficial to the Group and in full compliance to the accounting
standards. This entails developing an understanding of different country
specific reporting regulations and their impact in compliance with EK/Dn
reporting standards. - Evaluate the financial impact, from an IFRS
perspective, of new investments in Group companies and provide key inputs on
investment decisions at the pre-acquisition stage. Support the identification
and fair valuation and useful lives of intangibles (such as contractual
rights, licenses, customer relationship, favourable or onerous long term
leases, etc.) post acquisition and ensure that valuation withstands the
appraisal of external experts (auditors) as part of the purchase price
allocation exercise under IFRS. - Lead the Fixed Assets, Project accounting
and Lease accounting functions driving the capitalisation related accounting
policies, processes and reporting, monitoring the project accounting,
exception management, period close activities and audits. Collaborate with
other Finance functions on Airline based unique capital and lease
transactions, including adherence to IFRS principles. - Plan and deliver
annual updates to the Group companies financial reporting manual which serve
as a guidance tool on the group accounting policies related to recognition,
measurement, subsequent measurement and derecognition of financial statement
line items. - Represent the department on area related projects for system
upgrades, replacement of systems or implementation of a new IT applications.
Qualifications & Experience: Qualifications Degree or Honours (‎12+‎3 or
equivalent) Qualified Accountant, ACA qualification (from a reputed
institute), preferred Experience ‎10+ years Relevant experience in the finance
department of an airline or a large corporation. Knowledge/skills - Expert
knowledge of International Financial Reporting Standards - Ability to plan and
organise numerous projects and tasks in parallel and deliver within agreed
time scales - In depth knowledge of financial systems & strong systems
exposure - Strong accounting and technical skills - Ability to provide
continuous process improvements - Team management
Salary & Benefits: Join us in a management role and enjoy an attractive tax-
free salary. On top of our generous travel benefits, including discounted
flights and hotel stays around the world, this managerial role also has an
excellent leave and healthcare package. That's on top of transport benefits,
life insurance and more.