Job Purpose  

• Revamp cost accounting processes by instituting efficient procedures and rigorous controls, ensuring meticulous and timely financial reporting that aligns with industry standards and regulatory requirements.
• Enhance efficiency and accuracy in revenue recognition procedures, ensuring seamless financial reporting and compliance with industry standards
• Provide in-depth analysis and strategic insights derived from comprehensive cost-related data, empowering organizational stakeholders to make data-driven decisions that optimize resource allocation and enhance overall operational performance. 

Key Accountabilities  

• Prepare and review financial statements and reports in adherence to GAAP/IFRS standards, focusing on cost-related metrics and performance indicators.
• Manage the financial close processes on a monthly, quarterly, and annual basis, ensuring adherence to reporting timelines and accuracy of financial data.
• Manage the monthly and annual cost accounting close processes, ensuring accurate and timely recording of all transactions in the general ledger.
• Review and analyze cost of goods sold (COGS) and inventory accounts, identifying discrepancies and ensuring completeness and accuracy.
• Develop and maintain comprehensive documentation of cost accounting processes, including journal entries and account reconciliations.
• Perform variance analysis of cost-related elements, providing insights into budget-to-actual variances and recommending corrective actions as necessary.
• Identify opportunities for process improvements within cost accounting practices, driving efficiency and accuracy in financial reporting.
• Collaborate with cross-functional teams to implement process enhancements and streamline cost accounting procedures.
• Participate in financial audits, providing support and documentation related to cost accounting processes and controls. 
  

Educational and Experience Requirements

• Must be a Chartered Accountant Bachelors Degree in Accounting, Finance, or related field. 
  
• 1-3 years of progressive experience in financial reporting & accounting, preferably in the airline industry or a related field.
• Experience in leading cost accounting teams or projects.
• Familiarity with financial reporting standards and regulatory requirements.