
Financial Analyst
3 days ago
JOB PURPOSE
To support Oman Air assigned departments to develop accurate financial planning and budgets and monitor spending, while finding effective ways to optimize/minimize spending.
KEY ACCOUNTABILITIES & RESPONSIBILITIES
- Conduct comprehensive financial analysis, including budgeting, forecasting, variance analysis, and trend identification to support strategic decision-making and improve financial performance.
- Support the annual financial budgeting process in collaboration with assigned departments to understand their budgeting needs and ensure accuracy in the forecasting.
- Conduct benchmarking and market analysis to ensure the assigned department's budget is in line with best practices.
- Assess the budget to identify cost-saving opportunities and provide recommendations on how to optimize costs.
- Support in developing the annual, quarterly, and monthly projections.
- Implement approved department budgets into the corporate system, overseeing and comparing actual spending with set limits, and preparing monthly reporting of actuals versus budget.
- Conduct contract reviews from a financial perspective and support the tendering process.
- Monitor key financial metrics and operational KPIs, identifying areas of improvement and opportunities for cost reduction or revenue enhancement.
- Prepare timely and accurate financial reports, dashboards, and presentations for management, highlighting financial results, trends, and key insights.
- Work closely with assigned departments to address their financial needs and issues, e.g., budget transfers, new business cases, etc.
- Perform additional tasks and responsibilities as assigned and instructed by the line manager.
MINIMUM QUALIFICATIONS & EXPERIENCE
- Bachelor's degree in finance, Accounting or similar discipline with a minimum of 2 years of relevant experience in a similar role
- or
- Diploma Holders with 4 years of relevant experience in a similar role in an airline provided the individual holds a specialised certificate / license in the relevant discipline (applies to internal candidates only)
SKILLS & COMPETENCIES
- A proactive, forward-looking character with a strong sense of ownership.
- Deep business knowledge, strategic thinking and ability to derive financial insights for decision making.
- Proven track record collaborating with cross-functional teams and stakeholders to achieve financial objectives.
- Dynamic leader able to manage a multi-cultural team, with a commanding presence and excellent communication skills.
- Ability to work in a fast-paced environment / transformational setting.
- Ability to work with key stakeholders and external partners through teamwork.
- Organized and efficient, a strong problem solver and decision-maker, and attention to detail.
- Proficiency in English (must) and Arabic (preferred).
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