Finance Manager📣 Job Ad

Finance Manager – Aviation at Fly Red Sea

Fly Red Sea, a subsidiary of Red Sea Global, is seeking a Finance Manager – Aviation to join its team in Umluj, Tabuk, Saudi Arabia. This full-time role is integral to managing the financial operations within the aviation sector, supporting the air mobility services provided to the Red Sea destination.

Purpose of the Role

The Finance Manager – Aviation is responsible for overseeing financial reporting, planning, and analysis functions specific to the organization's aviation sector. This position ensures financial health, cost efficiency, and compliance with all applicable regulations. The incumbent will manage budgeting, forecasting, and cost control, providing strategic financial insights to support decision-making across all levels of the organization.

Core Responsibilities

• Oversee daily financial operations, including accounts payable/receivable, general ledger, Treasury, and cash flow management.
• Prepare and present monthly, quarterly, and annual financial statements in adherence to relevant accounting standards and aviation industry regulations.
• Develop annual budgets and conduct monthly reviews of departmental OPEX performance against projections, 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, encompassing ticket sales, ground handling, aircraft maintenance, leasing, and charter services.
• Ensure full compliance with tax laws, audit standards, and regulatory requirements, including those stipulated by civil aviation authorities.
• Liaise with internal and external auditors, banks, lessors, suppliers, and regulatory bodies as required.
• Support strategic business initiatives such as fleet expansion, route profitability analysis, pricing strategies, and capital investment planning.
• Utilize ERP systems (*, 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.

Required Qualifications and Experience

• A minimum of 5-10 years of experience in a finance management role, preferably within the aviation sector.
• Demonstrated expertise in financial reporting, budgeting, forecasting, and cost control.
• Strong understanding of relevant accounting standards and aviation industry regulations.
• Proficiency in ERP systems (*, SAP) and financial analysis tools.
• Experience in leading and developing finance teams.

Work Environment and Expectations

This role is primarily office-based, with occasional travel required to operational sites or for meetings with business partners. Flexibility to work extended hours may be necessary during audit periods, financial closings, or critical project deadlines.

About Fly Red Sea

Fly Red Sea operates as a subsidiary within the Red Sea Global Group of companies, specializing in providing air mobility services to the Red Sea destination. As part of Red Sea Global, Fly Red Sea benefits from shared strategic goals and collaborative initiatives, enhancing its operational capabilities. The organization is committed to contributing to Vision 2030 and leading efforts towards regenerative tourism through innovation and service in the aviation industry.