Manager - Finance & Accounts

Job Description

Position Details
•    Position Title: Manager – Finance and Accounts
•    Grade: D2
•    Function: Finance
•    Location: Gurugram
•    Reports To: Chief Manager
•    Level: CXO – 3

B. Job Purpose
•    Ensure robust financial control, transparency, and compliance for lease and maintenance transactions, safeguarding organizational interests through effective analysis, monitoring, and risk management.
•    Drive cost optimization and operational efficiency by managing lease-related expenses, conducting financial analysis, and collaborating with cross-functional stakeholders.

C. Key Accountabilities
1. Lease Agreement Management
•    Execute monthly financial close activities, including preparation of journal entries and accruals for aircraft, engine, and property leases.
•    Maintain a centralized repository of lease agreements and track key contractual and financial terms.
•    Validate lease-related data, including Maintenance Reserves (MR), Security Reserves (SR), and Redelivery/EOL obligations, ensuring accuracy in accounting.
•    Perform reconciliations, variance analysis, and periodic reporting on lease obligations and performance.
•    Monitor maintenance costs and ensure timely closure of books.
•    Identify opportunities for cost optimization and process improvements.
•    Ensure compliance with Ind AS 116 and other applicable accounting standards.
•    Coordinate with internal and external auditors and effectively address audit queries related to lease and maintenance accounting.
•    Liaise with lessors and internal stakeholders to ensure seamless operations and timely resolution of issues.
2. Group MRO (Maintenance, Repair & Overhaul)
•    Manage monthly financial close and accounting for Group MRO transactions.
•    Coordinate with Group entities and Engineering teams to obtain, validate, and reconcile operational and financial data.
•    Ensure timely and accurate invoicing of all Group MRO services.
•    Conduct financial analysis and support standardization and optimization of MRO processes.
3. Additional Responsibilities
•    Undertake additional assignments, projects, or responsibilities as required from time to time, in alignment with organizational priorities and stakeholder expectations.

D. Skills & Competencies
•    Strong accounting and financial acumen
•    Analytical and problem-solving skills
•    Proficiency in MS Office (particularly Excel)
•    High attention to detail and accuracy
•    Effective time management and ability to meet deadlines

E. Key Interfaces
•    Internal: Collaboration with Legal, Compliance, Engineering, Operations, and other functions to ensure compliance, mitigate risks, and align financial processes.
•    External: Interaction with lessors, vendors, and maintenance service providers to ensure contractual compliance and smooth execution of transactions.

F. Educational & Experience Requirements
Education
•    Chartered Accountant (CA) or Certified Management Accountant (CMA)
•    Bachelor’s degree in Finance, Accounting, or related field
Experience
•    Minimum: 4–5 years of experience in lease accounting or financial accounting
•    Preferred: 5+ years of experience, preferably in the aviation industry, with exposure to lease accounting frameworks and regulatory compliance