
Financial Planning and Strategy Executive
9 hours ago
Role Overview
The Financial Planning and Strategy Executive plays a crucial role in shaping the financial future of Oman Air. This individual is responsible for overseeing and revamping the company's financial planning and budgeting process, ensuring accurate forecasting, budget development, and monitoring.
Key Responsibilities
- Develop comprehensive financial forecasts for the organization, analyzing trends, risks, and opportunities to inform strategic decisions.
- Collaborate with various departments to understand their budgeting needs and ensure accuracy in forecasting.
- Manage the annual financial budgeting process, driving financial results and cost-saving initiatives.
- Conduct benchmarking and market analysis to ensure alignment with industry standards.
- Analyze and compare previous budgets to identify areas of improvement for future budgeting.
- Monitor and track the annual budget against actuals, mitigating variances and deviations as required.
- Assess the budget to identify cost-saving opportunities and provide recommendations for optimization.
- Support in reviewing CapEx investment budget needs and proposals.
- Implement an improved approach to conducting the budgeting process.
- Continuously evaluate and drive improvements to the financial planning and budgeting process.
- Prepare regular financial reports and decision models as required by the Financial Planning and Analysis Function Head.
Requirements
- 8+ years of financial experience, including 3 years in a managerial role focusing on financial planning and budgeting in aviation.
- Bachelor's degree in finance, accounting, or a related field, with professional accounting accreditation (e.g., CA, ACCA, CIMA, CPA).
- Strong ethical conduct, dedication to maintaining ethical standards, and adherence to aviation industry laws and Code of Conduct.
- Demonstrated organizational and leadership abilities.
- Strong financial acumen and familiarity with aviation finance practices.
- Ability to analyze business decisions based on value creation and option analysis.
- In-depth knowledge of analyzing costs and expenses.
- Knowledge of zero-based budgeting.
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