Company Description
Let your passion fly! We’re proud to be one of the world’s leading airlines. Our reputation is built on a long track record of success, an ongoing commitment to our home Hong Kong, and on the delivery of customer service that’s straight from the heart. All of this is possible due to our talented people who share our passion for aviation and our commitment to being the best. Our global family can open up a world of opportunities for you. This means that your first role at Cathay Pacific won’t be your last. It could take you anywhere. Join us and discover just how far you can go!
Role Introduction
To support the Finance Manager and local business units to ensure robust control and compliance of financial operations in addition to conducting accounting and finance activities in line with established company policy and local regulatory requirements.
Key Responsibilities
Compliance – Legal, Taxation, Regulatory Reporting
- Support the FM to complete accurate and timely filing of tax returns, audits, declarations, applications/renewals of all required licenses and other financial-related matters to local authorities
- Fully comply with all applicable laws and regulations, including maintenance of necessary accounting records as per local requirements
- Prepare declarations and deposits of accounts to banks and other local bodies as required
- Prepare Value Added Tax, withholding tax, airport and other tax declarations and payments in accordance with local legislation
Control and Risk Assessment
- Ensure the company’s principle accounting policies are followed, such as the Finance Manual (Head Office), Outport Accounting and Internal Control Manual (overseas countries) and Credit Control Policy and Guidelines
- Ensure proper authorisation of contracts and expenditures
- Support regular audits (at least annually) on finance processes to identify any breaches of, or risks to, company policies
- Report any breaches of Company policy
Management and Financial Reporting
- Ensure timely and accurate recordings of revenue, expenses and balance sheet items in the general ledger
- Compile monthly and annual accounting schedules, bank reconciliations and other account reconciliations
- Ensure preparation of cash flow forecast summarising cash movements within the port
- Assist in preparation of budgetary and ad hoc analysis as required
Cost Control
- Assist in preparation of submissions for overhead and route costs budgets and forecasts
- Review actual spend compared to budget and encourage cost savings where appropriate
- Prepare monthly analysis for the FM as required
- Provide financial analysis to assist business units with local contract negotiations
Credit Control
- Ensure compliance with established credit policy for appointing new agents and work with the sales teams to evaluate potential new agents in line with this policy
- Assist Sales and FM to obtain necessary security from agents
- Work with the sales teams to stay informed of the financial status of agents to minimise exposure and losses
- Identify any default payments and pursue collection through Billing and Settlement Plan, bank guarantees, collection agents, legal avenues, etc.
Banking and Treasury
- Assist the FM to oversee the cash management process, including petty cash across local offices and replenishment of funds
- Ensure banking records are kept up-to-date and appropriate bank account reconciliations are performed
Admin and Supplier Management
- Manage and maintain accurate local inventory and asset registers
- Ensure vendor details and delegation of authority list is up-to-date in SAP at all times
- Ensure rates in SAP Flight-to-Settle module are correct and inform Head Office Purchasing department of required changes as necessary
- Handle Finance PO creation and issue invoices as required
- Process local invoices including Flight-to-Settle invoices
- Monitor rejected payments and provide assistance to local vendors
- Any other reasonable task as required
Business Support and Process Improvement
- Assist the FM to identify opportunities for process improvement and working efficiency
- Provide Finance-related support to other local departments as required
- Provide support to Regional Finance Office with country-related and local language matters as required
E & A
Requirements
Emergency and Accident and Crisis Response responsibilities as required
Academic Qualifications
- Sound accounting knowledge is required
- Full or Part CIMA/CA with 2 years relevant work experience.
Knowledge, Skills, Training And Experience
- Experience in the airline industry is an advantage
- Experience in SAP is an advantage
- Excellent computer skills with knowledge of Microsoft Applications
- Sound understanding of local country’s business practices
- A good team player with strong interpersonal skills and can interact with all levels within the organisation and region
- Demonstrable experience in improving current work practices and implementing new ideas
- Strong planning, problem-solving and organisational skills and is able to prioritise and manage multiple tasks and deadlines
- Solid written, oral communication, negotiation and presentation skills
- Adapts to and embraces constant change
- Candidates must have the legal right to live and work in Sri Lanka.
Benefits
https://careers.cathaypacific.com/who-we-are/why-work-here
Personal & Application Information
Cathay Pacific is an Equal Opportunities Employer. Personal data provided by job applicants will be used strictly in accordance with our personal data policy and for recruitment purposes only. Candidates not notified within eight weeks may consider their application unsuccessful.
All related information will be kept in our file for up to 24 months. A copy of our Personal Information Collection Statement will be provided upon request by contacting our Data Protection Officer