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Vice President Finance
Jazeera Airways
Jeddah, KSA
Full Time
Executive
4 weeks ago
Financial StrategyTreasury ManagementFinancial ReportingRisk ManagementIFRSBudgeting
Free
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Financial StrategyTreasury ManagementFinancial Reporting
About the Role
Jazeera Airways seeks a Vice President Finance to lead the finance function for its new venture in Saudi Arabia. The role requires a Chartered Accountant/CFA/MBA Finance with 15+ years of aviation industry experience.
Key Skills for This Role
Financial StrategyTreasury ManagementFinancial ReportingRisk ManagementIFRSBudgeting
Responsibilities
- Develop and execute the financial strategy in accordance with the corporate strategy and long term growth objectives
- Act as a strategic partner to the CEO and executive leadership team
- Support the Commercial function in evaluating new market opportunities, partnerships, and investments
- Monitor corporate performance against defined parameters and present periodic reports to stakeholders
- Ensure robust financial planning, budgeting, forecasting, and performance management
- Oversee cost structures including fuel, maintenance, crew and airport charges
- Manage the Airline's financing requirements including non fund based facilities
- Ensure effective cash flow management and liquidity planning
- Ensure timely preparation of financial statements, investor reports and statutory books of account
- Maintain compliance with IFRS and all applicable regulatory requirements
- Oversee internal control frameworks, risk management frameworks, internal audit, regulatory compliance and external audit processes
- Develop and implement a financial risk management policy
Requirements
- Chartered Accountant (CA)/ CFA/ MBA Finance
- Minimum 15 years of experience in the aviation industry; GCC experience is a plus
- Experience in Board and Investor reporting
- Proven financial leadership and strategic planning capabilities
- Excellent communication skills, with strong analytical and problem solving
- Outstanding leadership skills in negotiation, consensus building, and achieving results
- Proven experience in developing and structuring a Finance function during the launch or growth phase of an airline will be preferred
Full Job Posting
Role Overview
- Jazeera Airways is seeking a highly experienced and commercially astute Vice President – Finance to lead the Finance function for its new venture in the Kingdom of Saudi Arabia.
- VP Finance will be responsible for ensuring financial sustainability, optimizing cost structures, managing liquidity, and supporting commercial decision making.
- The role continuously monitors airline’s performance, analyzes and reports it to the CEO, Board and other stakeholders.
Key Responsibilities
- Responsible for developing and executing the financial strategy in accordance with the corporate strategy and long term growth objectives with emphasis on bottom line performance, working capital optimization, and shareholder value enhancement.
- Act as a strategic partner to the CEO and executive leadership team.
- Support the Commercial function in evaluating of new market opportunities, partnerships, and investments to drive profitability.
- Monitor corporate performance against defined parameters and present periodic reports to stakeholders.
- Ensure robust financial planning, budgeting, forecasting, and performance management.
- Oversee cost structures including fuel, maintenance, crew and airport charges.
- Implement cost optimization initiatives without compromising safety or compliances.
- Develop financial models and pricing strategies for charter operations.
- Manage the Airline’s financing requirements including the non fund based facilities.
- Ensure effective cash flow management and liquidity planning.
- Ensure timely preparation of financial statements, investor reports and statutory books of account.
- Maintain compliance with IFRS and all applicable regulatory requirements.
Requirements and Qualifications
- Chartered Accountant (CA)/ CFA/ MBA Finance.
- Minimum 15 years of experience in the aviation industry; GCC experience is a plus.
- Experience in Board and Investor reporting.
- Proven financial leadership and strategic planning capabilities.
- Excellent communication skills, with strong analytical and problem solving.
- Outstanding leadership skills in negotiation, consensus building, and achieving results.
- Proven experience in developing and structuring a Finance function during the launch or growth phase of an airline will be preferred.
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