Cathay Pacific Hiring for Finance Manager – Middle East Job at Dubai Full Time

Company Description

Let your passion fly! We’re proud to be one of the world’s leading airlines. Our reputation is built on a long track record of success, an ongoing commitment to our home Hong Kong, and on the delivery of customer service that’s straight from the heart. All of this is possible due to our talented people who share our passion for aviation and our commitment to being the best. Our global family can open up a world of opportunities for you. This means that your first role at Cathay Pacific won’t be your last. It could take you anywhere.

Join us and discover just how far you can go!

Role Introduction

To support the Regional Head of Finance and local business units to ensure robust control and compliance of financial operations in the country in addition to conducting accounting and finance activities in line with established company policy.

To provide analysis and recommendations to the local port and department managers where required.

Key Responsibilities

Compliance – Legal, Taxation, Regulatory Reporting

• Ensure accurate and timely filing of tax returns, audits, declarations, applications/renewals of all required licenses and other financial-related matters to local authorities
• Fully comply with all applicable laws and regulations, including maintenance of necessary accounting records as per local requirements including oversight of company / branch office registration

Control and Risk Assessment

• Ensure the company’s principle accounting policies are followed, such as the Finance Manual (Head Office), Outport Accounting and Internal Control Manual (overseas countries) and Credit Control Policy and Guidelines
• Ensure proper authorisation of contracts and expenditures
• Partner with the Country, Port, Department Managers to ensure completion of the Control Self-Assessment for risk management
• Perform regular audits (at least annually) on finance processes to identify any breaches of, or risks to, company policies and work with management to implement robust controls

Management and Financial Reporting

• Ensure timely and accurate recordings of revenue, expenses and balance sheet items in the general ledger
• Ensure compilation of monthly and annual accounting schedules, bank reconciliations and other account reconciliations
• Ensure preparation of cash flow forecast summarising cash movements within the port and regularly remit any surplus funds to Head Office

Cost Control

• Partner with country management and the Regional Finance Office to prepare budgets, forecasts and ad hoc financial analysis
• Critically review actual spend as compared to budget and work with stakeholders to identify cost saving opportunities
• Ensure preparation of monthly analysis for country management and Regional Finance Office on cost variances
• Implement cost saving initiatives wherever appropriate

Credit Control

• Establish, maintain and comply with the company credit policy for appointing new agents and partner with the sales teams to evaluate potential new agents in line with policy
• Ensure that necessary security from agents is obtained and maintained
• Review any bad debts proposed by the cargo and sales teams to ensure appropriate justification and ensure the write-offs are authorised by applicable signing authority

Banking and Treasury

• Oversee the cash management process, including cash and petty cash monitoring, fund transfers to Head Office and the minimisation of idled cash
• Ensure the authorised signatory lists for local bank accounts are up-to-date
• Develop and maintain external banking relationships, including online banking security access for local bank accounts
• Manage local corporate credit card programmes as necessary

Payroll

• Ensure payroll payments are approved and released in a timely manner
• Liaise with the People Department and country management to establish robust controls and approval processes governing payroll
• Partner with the People Department to ensure that salaries and employee benefits are paid in accordance with local regulations and company policies
• Review payroll calculations to ensure they are consistent with and reconcile with current employment records

Business Support and Process Improvement

• Prepare business cases to be submitted to Regional or Head Office when required and ensure proper corporate governance and monitoring of costs for major business projects
• Continually review and feedback to country management and the Regional Finance Office on opportunities for process improvement and working efficiency

Requirements

Academic Qualifications

• Degree in Accounting or related discipline with sound accounting knowledge
• Post-graduate accounting qualification in Accounting (e.g. Chartered Accountant, Certified Practicing Accountant, Chartered Management Accountant, etc.) or related discipline

Knowledge, Skills, Training and Experience

• A minimum of four years experience in Finance/Accounting is essential
• Experience in the airline industry is an advantage
• Experience in SAP is an advantage
• Minimum of two years experience in leading a high-performing team
• Sound understanding of the local country’s business practices
• A good team player with strong interpersonal skills and can interact with all levels within the organisation and region
• Demonstrable experience in improving current work practices and implementing new ideas
• Strong planning, problem-solving and organisational skills and can prioritise and manage multiple tasks and deadlines
• Strong understanding of Cathay Pacific policies and procedures
• Superior written, oral communication, negotiation and presentation skills
• Demonstrates cultural sensitivity and diplomacy
• Leads, adapts and embraces constant change

Benefits

https://careers.cathaypacific.com/who-we-are/why-work-here

Personal & Application Information

Cathay Pacific is an Equal Opportunities Employer. Personal data provided by job applicants will be used strictly in accordance with our personal data policy and for recruitment purposes only. Candidates not notified within eight weeks may consider their application unsuccessful.

All related information will be kept in our file for up to 24 months. A copy of our Personal Information Collection Statement will be provided upon request by contacting our Data Protection Officer