Finance Supervisor – Qatar Airways , Qatar

The Job
This is a “Finance – In – Charge” role that manages, handles and supervises Finance at the station in line with QR policies and internal accounting procedures. Supports the Strategic Planning, Decision Making, Costing, Project Management, Financial Planning and Analysis. Establishes and recommends operating procedures; establish major schedules and task assignments within area of responsibility. Budgetary planning with focus on cost effectiveness & control

Job Accountabilities
Understand objectives of the company on Revenue targets, cost per unit and time lines
Verify invoices including ICH invoices as per Finance policies/ IAPs and clear the prepayment promptly.
Verify/prepare payment analysis for all major expenses including DOC and report any abnormal variances.
Control budget for the station and give monthly exception report through review of monthly cost centre and calendarised reports.
Identify reasons for variances and control cost by proper follow up with respective budget holder
Ensure all sales AR invoices and debit notes are collected timely. Ensure receivable transactions are reconciled accurately and set-off is done promptly. Review AR Aging and ensure neat and clean accounts
Verify/prepare bank accounts and balance sheet accounts monthly/yearly reconciliation/schedules.
Ensure all payments are made on time with no penalties
Review and endorse CMC and Purpose orders as part of purchasing process at stations
All contracts are negotiated with best possible terms and maintain record for the contracts.
Verify/prepare supplier/customer/Bank reconciliations and ensure open transactions are closed promptly.
Verify/prepare monthly cash flow/cash outflow report. Plan cash flow for efficient operations
Submit VAT Claims to respective tax authorities and follow up with for prompt recoveries,
Co-ordinate with tax consultants in preparation of financial statements, revenue statements for the purpose of business /corporate/income or any other kind of tax amount calculation to comply with local regulations.
Ensure timely submission and payments of applicable taxes to QR after seeking required approvals from HO
Tax unit.
Preparation and maintenance of books of accounting in local language as per the local requirements,
Face and support internal / external / tax audits performed, ensure such audits are clean.
Work on audit observations to close them, improve required processes to avoid re-occurrence
Funds are effectively managed as per corporate directives, ensure funds are repatriated on monthly basis and minimum funds are retained at station for operational purpose
Provide business support to Commercial and Airport Managers requiring financial assistance.
Assets control and all exposures are insured. Periodic review of asset is conducted and report to HO.
Management of station payroll and timely disbursement. Ensure statutory obligations are settled on time.
Budgetary planning to achieve the desired objectives of the company.
Optimizing use of available resources manpower, equipment, etc. Advising management on availability of
resources, enhancement of automation/improvement in processes.
Proper delegation and allocation of tasks / roles among the team, ensure equal distribution of work
responsibilities, maintain job segregation, implement maker and checker concept to ensure good quality
Setting up departmental goals and timeframes, ensure target dates/timelines are met.
Internal and external audit.
Costing and evaluation of local projects.

Qualifications
Bachelors Degree or equivalent
Commerce Graduate from reputed university with a professional accounting certificate like CA / CPA /ACCA / CIMA / ICWA
Ability to work independently
Ability to foster teamwork among team members
Knowledge on contracts
Knowledge on local laws and regulations like VAT, tax, payroll, etc

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