Finance Manager at BEOND

Malé, , Maldives -

Full Time

Start Date

Immediate

Expiry Date

01 Sep, 26

Salary

0.0

Posted On

03 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, IFRS, Local GAAP, Accounts Payable, Accounts Receivable, Payroll Processing, Tax Compliance, Financial Modelling, SAP, Oracle, Advanced Excel, Team Leadership, Internal Controls, External Audit Coordination, Cash Flow Optimization, Budget Control

Industry

Airlines and Aviation

Description

Responsible for all areas relating to financial reporting and developing and maintaining accounting principles, practices, and procedures, IFRS/local GAAP standards, statutory/financial requirements, and business partner with all internal functions for key projects rolled out across the business. This role also includes oversight of accounts payable (AP) and accounts receivable (AR) functions, ensuring financial processes are efficiently managed. Accounts Payable (AP) Responsibilities 1) Invoice Management: - Ensure timely receipt, validation, and processing of vendor invoices. - Approve payment terms and verify compliance with contractual agreements. 2) Payment Processing: - Manage and schedule payments to vendors, suppliers, and other creditors. - Oversee the disbursement process, ensuring accuracy and compliance with company policies. 3) Vendor Relationship Management: - Maintain effective communication with vendors to address payment queries and resolve disputes. - Negotiate payment terms and conditions to optimize cash flow. 4) Expense Control: - Monitor and control operating expenses to ensure alignment with budgets. - Implement policies to reduce errors and minimize financial losses. 5) Compliance and Reporting: - Ensure adherence to regulatory standards and internal controls. - Prepare reports on payables aging, cash outflows, and performance metrics. 6) Payroll Processing - Calculating employee salaries, wages, overtime, and bonuses - Deducting taxes, insurance, and other statutory contributions - Maintaining payroll records & bank reconciliation on a monthly basis - Preparing payroll reports for management and compliance purposes - Ensuring compliance with labour laws and company policies 7) Local Taxes - Identifying applicable local/municipal taxes based on jurisdiction - Calculating tax liabilities as per local regulations - Preparing and filing tax returns on time - Ensuring timely payment of local tax obligations - Maintaining records for audits and compliance checks - Staying updated with changes in local tax laws and regulations General Responsibilities 1) Financial Management & Reporting: - Manage accounts payable (AP) and receivable (AR) functions, ensuring accuracy, compliance, and alignment with company policies. - Prepare and review financial statements, reports, and performance metrics for AP/AR, cash flow, aging, and other key financial areas. - Provide decision support through financial modelling, analysis, and scenario planning to assist in strategic decision-making. - Ensure accurate and timely filing of all financial reports, tax returns, and regulatory submissions. 2) Process Improvement & Efficiency: - Identify inefficiencies in AP/AR workflows and implement process improvements to streamline operations and reduce manual efforts. - Leverage technology to automate tasks and enhance operational efficiency. - Drive continuous improvement in financial systems, policies, and procedures to optimize cash flow and reduce financial risks. - Team Leadership & Development: - Supervise, train, and mentor AP and AR teams to enhance their financial, and leadership skills, as well as to ensure operational efficiency. - Conduct performance reviews, provide feedback, and support the professional development of team members. - Foster a collaborative team environment to achieve business objectives. 3) Cross-Department Collaboration & Strategy: - Collaborate with procurement, sales, and other internal teams to align AP/AR strategies with broader business goals. - Act as a key business partner, offering financial insights to support key projects and business initiatives across the organization. - Work closely with senior management to assess the financial impact of potential business decisions and investments. 4) Compliance & Risk Management: - Ensure compliance with financial policies, legal requirements, and audit standards. - Implement and maintain effective internal controls to safeguard company assets and ensure regulatory compliance. - Identify and assess financial risks, implementing strategies to mitigate them and capitalize on opportunities 5) External Audit Support - Coordinate with external auditors for annual statutory audits - Prepare and provide required financial statements, schedules, and supporting documentation - Ensure smooth audit execution with minimal disruptions to airline operations - Resolve audit queries related to revenue recognition, leasing, fuel costs, and fleet accounting Bachelor’s degree in finance, Accounting, or related field Professional qualification (ACCA / CPA / CFA preferred) 5–10 years of experience in finance (aviation or large multinational preferred) Strong knowledge of financial modelling and analysis Advanced Excel and ERP system experience (SAP / Oracle preferred) Strong understanding of airline cost structures (fuel, leasing, maintenance) is a plus Strong knowledge of Maldives taxation and law Excellent leadership and communication skills

Responsibilities

The Finance Manager is responsible for overseeing financial reporting, accounting principles, and the management of AP, AR, and payroll functions. The role involves business partnering across internal functions, ensuring regulatory compliance, and coordinating external statutory audits.