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.
Core 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.
Job Requirements:
- 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.
- In-depth knowledge of aviation financial operations, including cost structures, revenue models, and relevant regulatory frameworks.
- 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.
