Job Summary: The Finance Specialist – Accounts Receivable is responsible for reviewing and processing of all sales in EKFC for proper revenue recognition and revenue reporting. The jobholder will validate and finalize the invoices for all Airline Customers including Laundry Sales related to Flight Operations. The jobholder will ensure accurate and timely reporting of companywide revenues and will build optimized processes to support scaling for future growth.
Key Duties and Responsibilities:
Evaluate customer contracts/agreements to ensure proper revenue recognition in accordance with company policy and revenue recognition accounting standards.
Execute Sales Order quality control, and review transactions setup for revenue recognition.
Assist in accomplishing revenue accounting objectives by reviewing all revenue related processes and developing solutions for streamlining the processes and increasing business efficiency
Ensure all invoices are timely completed as per the agreed terms and condition
Responsible for optimisation of cash inflows through improved billing & submission of customer statements
Ensure that safe working practices and procedures are implemented and adhered to in accordance with EKFC policies. Promote Safety Culture: Ensuring regular training and awareness sessions in coordination with Safety Department
Produce key statistical and analytical information including EK & OAL Unit Meal Rate analysis, Rebates, Meals per PAX and load factors
Report Airline revenues on monthly basis and highlight the high-risk areas, which require management attention.
Ensure all airline Billing are done as per the agreed rate. Validate menu specs/ price matrix/menu quotation.
Monitor and evaluate the effectiveness of revenue control plans, identify revenue control risk and develop and implement plans to mitigate these risks.
Advice the Finance manager and senior management on the profile of customers based on their collection profile for business to take considered decisions on customers.
Lead the automation process for Revenue and Receivables in all units of EKFC and be the super user of the functional module.
Maintain effective business relationships with all relevant internal stakeholders and relevant external entities with the highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organisation are delivered in the most effective manner.
Qualifications, Skills and Experience:
The applicant should be a graduate in accounting or commerce or equivalent.
Six years of experience in the area of Finance.
Working experience in ERP is required.
Exposure to process improvement initiatives - Preferred
Excellent excel skills
Ability to manage, delegate, motivate and monitor team activity
Excellent interpersonal skills with the ability to communicate at all levels with both financial and non-financial management
Intellectual with a strong commercial acumen
Drive to continually improve processes and seek new challenges
Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines
About Emirates Group: The Emirates Group is a Dubai-based international aviation holding company headquartered in Garhoud, Dubai, United Arab Emirates, near Dubai International Airport. The Emirates Group comprises Dnata, an aviation services company providing ground handling services at 17 airports, and Emirates Airline, the largest airline in the Middle East. Emirates Airlines flies to over 140 destinations across 6 continents, operating a fleet of over 250 wide-bodied aircraft. The airline has 170 aircraft on order worth US$58 billion.