Manager - Finance

Elevate Your Career with Fly Red Sea – Where Excellence Takes Flight

Fly Red Sea operates as a subsidiary of Red Sea Global and is part of the Red Sea Global Group of companies. We specialize in providing air mobility services to our Red Sea destination. As a subsidiary, Fly Red Sea benefits from shared strategic goals and collaborative initiatives within the Red Sea Global group of companies, enhancing our ability to serve our clients effectively.

Join a world-class team dedicated to innovation, hospitality, and unmatched service. Unlock endless opportunities in the aviation industry and soar to new heights.

We are purpose-driven and committed to people and planet. Our transformative programs are a driving force to achieving Vision 2030, as well as leading the world towards regenerative tourism.

Be part of a legacy that’s shaping the future of travel - your journey starts here.

Be the force behind a safer, smarter, more sustainable future of aviation. Join Fly Red Sea and be part of the positive change for Saudi Arabia and the world.

Job Purpose:

• The Finance Manager – Aviation is responsible for overseeing the financial reporting, planning, and analysis functions within the aviation sector of the organization.
• The role ensures financial health, cost efficiency, and compliance with applicable regulations.
• The incumbent will play a key role in budgeting, forecasting, cost control, and providing strategic financial insights to support decision-making at all levels.

Job Responsibilities:

• Oversee day-to-day financial operations, including accounts payable/receivable, general ledger, Treasury and cash flow management. Prepare and present monthly, quarterly, and annual financial statements in accordance with relevant accounting standards and aviation industry regulations.
• Prepare annual budgets and conduct monthly reviews of departmental OPEX performance (projection vs. actual), including updates to quarterly rolling forecasts with detailed commentary.
• Support the development of short-, medium-, and long-term financial projections aligned with business strategy.
• Monitor financial performance, analyze variances, and recommend corrective actions.
• Manage revenue and cost accounting related to aviation operations, including ticket sales, ground handling, aircraft maintenance, leasing, and charter services.
• Ensure full compliance with tax laws, audit standards, and regulatory requirements, including those set by civil aviation authorities.
• Liaise with internal and external auditors, banks, lessors, suppliers, and regulatory bodies as needed.
• Support strategic business initiatives such as fleet expansion, route profitability analysis, pricing strategies, and capital investment planning.
• Utilize ERP systems (e.g., SAP) and aviation-specific financial tools for accurate reporting, data analysis, and operational efficiency.
• Lead, mentor, and develop a high-performing finance team to meet current and future organizational needs..
• Primarily office-based, with occasional travel to operational sites or meetings with business partners.
• Flexibility to work extended hours during audit periods, financial closings, or critical project deadlines.

Qualifications & Experience:

• Bachelor’s degree in accounting, Finance, or a related field, plus professional certification preferred: ACCA, CA, CPA, CIMA, or equivalent
• Must have experience working at a well-reputed Chartered Accountancy firm.
• Minimum 10 years of experience in financial management, with at least 5 years in the aviation industry.

Skills:

• In-depth knowledge of aviation financial operations, including cost structures, revenue models, and relevant regulatory frameworks.
• Strong proficiency in financial modeling, budgeting, forecasting, and the use of financial analysis tools.
• Demonstrated leadership, strategic thinking, and effective communication skills.
• Hands-on experience with aviation ERP systems, specifically SAP or similar financial software.
• Knowledge of international financial reporting standards (IFRS) and aviation tax laws is an advantage.