Chief Financial Officer

About us

On the wave of the oil boom of the 1940s, a national carrier was born in ‎1954.
Initially, Kuwait Airways Company served a limited network of Basra, Abadan,
Beirut, Damascus and Jerusalem; however, a year later the fledgling carrier
was facing economic hardship, and the government of Kuwait took a ‎50% interest
in the airline, subsequently doubling the company's capital. Having entered
the rough and tumble world of aviation, the government finally took ‎100% share
in Kuwait Airways.

Kuwait Airways entered the jet age in ‎1962 by leasing a Comet ‎4-C, the world's
first jet-engined airliner. In the 1960s, the national carrier rapidly
expanded its route map, and scheduled services to London began three times a
week. To keep pace with fast-moving aviation requirements, three Boeing 707s
were delivered in ‎1968. Ten years later, Kuwait Airways had an all Boeing ‎707
fleet of eight aircraft.

In ‎1978, Kuwait Airways entered the wide-body age by taking delivery of its
first two B747-200s, adding a third the following year. This expansion
permitted Kuwait Airways to extend its network to New York to the west and
Manila to the east.

Modernization of the fleet continued, and four B727-200s were delivered in
‎1980-‎1981. Two years later, eight Airbus A310s and A300-600s were delivered,
and in ‎1986 three Boeing ‎767-200ER aircraft joined the wide-body fleet.

Following the destruction of its premises and ‎15 of its aircraft during the
Iraqi invasion of Kuwait, the airline was relaunched. Moreover, the company
was restored after the Liberation of Kuwait, and a basic strategy was
constituted to expand its operations around the world. After the Liberation of
Kuwait until ‎1998, the Kuwaiti Airways fleet consisted of ‎17 aircraft.

In ‎2016, the airline was formally registered as a private company and its
Corporate identity was rebranded to reflect its modernization and
transformation. Focused on customer centricity and efficiency the airline
initiated restructure programs on its organization, operations, and services
to meet and exceed its stakeholders expectations. In ‎2022, the airline
established a transformative program that envelops four main pillars across
the domains of Environment Social and Governance (ESG), Performance, Customer
Experience and Growth.

Today, with a diverse workforce of around ‎7,000 employees distributed
globally, Kuwait Airways operates one of the youngest fleet in the region,
owning ‎32 aircraft and operating to more than ‎60 direct flight destinations
from its single airline hub in Terminal ‎4, located at Kuwait International
Airport. Plus an additional ‎82 destinations through its partnership with other
airlines. The airline will further expand its network when it takes delivery
of other narrow bodied aircraft including seven wide bodied A330-900neo and
two A350-‎900.

Job Description

"Kuwait Airways is activity recruiting for the position of Chief Financial
Officer in the Finance department, in this role your responsibilities will
include but not limited to:"

Basic Function and Scope:


The Chief Financial Officer is responsible for managing the Company's
financial activities and for providing strategic financial support to the
Chairman and CEO. The CFO oversees the Financial and Supply Chain functions
for the organization, both in Kuwait and across the Network. The CFO interacts
with the Board and the C-level across functions to support the implementation
of the financial and procurement strategy across the organization and monitor
performance through key performance indicators.

Tasks and Duties:
*
Lead the implementation of industry best practices and innovation, automation
to optimize the processes and drive cost optimization.
* Manages through the Finance Director the activities of the Finance department with respect to financial accounting, Revenue Accounting, Outstations Finance and Treasury to ensure effective, efficient day-to-day operations to support the needs of the Business.
* Provides Strategic direction to the preparation of the long-term business plans and annual budgets working with Director Finance, Deputy Director Finance- Financial Accounting and Budgeting.
* Manage the preparation of KAC Annual accounts in compliance with IFRS, periodic financial statements on the Corporation's financial position as well as Income statement on the performance of the airline and ensure timely presentation of results to Top Management and Board.
* Provide Strategic direction to Treasury to manage fuel price risk, FX risk, interest rate exposure and to maintain operating cash and liquidity to meet the operating expenses and capital requirements of the airline.

Requirements

• Master 's degree in Finance, Accounting or Business Administration.


• Or a bachelor's degree in finance, Accounting or Business Administration plus ‎5 years related work experience.


• Chartered Accountant (CA).


• Certified Public Accountant (CPA).


• ‎15+ years of work experience in a senior accounting, controlling and corporate finance position for a large corporation.


• Of which ‎5 years have been in progressively responsible financial leadership roles in partnering with Chairman and CEO.

I'm interested

Closing Date
‎19/‎07/‎2023*
Industry
Airline - Aviation
Work Experience
*‎5+ years *
City
*Kuwait City *
Province
*Al Kuwayt *
Country
*Kuwait *
Postal Code
*‎000965