• 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.
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.
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