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.
Requirements
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
Benefits
beOnd is the World's First Premium Leisure Airline.
Our vision is to take people on their journey to the best places on Earth. So travel with us and fly above expectations. We will take you to places that are above and beyond.
Our first base is in the Maldives. We fly a mixed fleet of Airbus aircraft, featuring an all-premium class configuration that delivers maximum comfort, efficiency, elegance, and style.
For more information and news, visit flybeond.com
