Senior Officer - Financial Reporting - Revenue

Job Description

JOB PURPOSE/SUMMARY

The Senior Officer – Revenue is responsible for supporting revenue recognition processes related to aircraft engine maintenance, repair, and overhaul services. This role contributes to accurate financial reporting of engine maintenance contracts, time and material billing, and component and piece part repairs while adhering to aviation industry standards and accounting policies.

The role works closely with the invoice estimation team by assisting in the validation and documentation of monthly estimate reviews, monitoring actual invoices against estimates, tracking contractual KPIs, and supporting the tendering team in reviewing key financial assumptions.

1. Monthly Reporting (40% of time):

• Engage with operations, engineering, and commercial teams to track progress of engines on the shop floor, ensuring evolution of workscopes are reflected in the engine estimates.
• Ensure validated engine estimates are prepared and submitted for accounting by 2WD.
• Monitor operational bottlenecks and raise potential exposures to the line manager.
• Ensure induction credits are communicated on time by the Commercial department to the customer.
• Review supporting documents of estimates and identify inconsistencies or areas for improvement.
• Monitor and report on costs incurred on invoiced engines.
• Analyze movements in IYR, parts ownership, and help mitigate accounting impact.

1. Analysis (30% of time):

• Prepare engine case studies comparing performance of invoiced engines vs budget, estimate, and tender.
• Support root cause analysis (RCA) on recurring turnbacks.
• Track and analyze performance of contractual KPIs.
• Validate benchmark repair rates vs in-house capability.
• Support feasibility assessments for potential in-house capability expansion.

1. Tendering Support (15% of time):

• Collaborate with business teams to reflect changes in operational or financial environments.
• Monitor updates in financial regulations and accounting standards to support continuous compliance with legal and corporate governance requirements.

1. Risk Management (15% of time):

• Track and update BPU and RCMS documentation to ensure compliance with ICFR requirements.
• Monitor management testing and support self-assessment activities on behalf of process owners.

QUALIFICATIONS, EXPERIENCE AND COMPETENCIES

Minimum Qualifications:

• Bachelor's degree in Accountancy, Finance, Commerce, or a related field.
• Professional certification such as CA, ACCA, or CPA is preferable.
• Additional certifications in financial reporting, internal controls, or ERP systems (SAP, Oracle, IFRS training, etc.) are advantageous.

Minimum Experience:

• At least 3 years of experience in commercial/financial estimation of engines and projects.
• Experience in a fast-paced corporate environment, preferably within a multinational company or regulated industry.

Job Specific Competencies:

1. Accounting & Financial Management
2. Support financial transactions, reconciliations, and reporting activities to ensure accuracy and alignment with IFRS, GAAP, and local accounting standards.
3. ERP System Utilization & Support
4. Use ERP systems effectively to process financial data, support automation initiatives, and contribute to improvements in reporting accuracy and efficiency.
5. Financial Reporting & Compliance
6. Assist in the timely closing of accounts and preparation of financial reports, while ensuring compliance with internal controls and regulatory requirements.
7. Reconciliation & Cash Tracking
8. Support the reconciliation process, ensuring accuracy in transaction postings and helping align financial records with operational activities.
9. Credit Risk & Asset Monitoring
10. Monitor financial data for potential risks or discrepancies, and support accounting of liabilities and provisions in line with control standards.
11. Business Partnership Support
12. Collaborate with operations, sales, and finance teams to support budgeting, estimation, and forecasting activities through accurate financial inputs.
13. Cross-Functional Coordination
14. Coordinate with internal stakeholders and support external audit processes by preparing required financial data and documentation.
15. Internal Controls & Risk Awareness
16. Support the implementation and maintenance of internal controls, ensuring financial data integrity and adherence to audit and policy requirements.
17. Regulatory Compliance & Tax Awareness
18. Maintain awareness of relevant financial regulations, including VAT and other statutory requirements, and ensure data readiness for compliance checks.
19. Process Improvement Contribution
20. Identify opportunities to streamline workflows and support process enhancements that improve reporting accuracy and operational efficiency.
21. Mentorship Support – Ability to guide junior staff on estimation and documentation quality.