Job Description

Position Details
Position Title: Manager Finance and Accounts
Grade: D2
Function: Finance
Location: Gurugram
Reports To: Chief Manager
Level: CXO 3

B. Job Purpose
Ensure robust financial control, transparency, and compliance for lease and maintenance transactions, safeguarding organizational interests through effective analysis, monitoring, and risk management.
Drive cost optimization and operational efficiency by managing lease-related expenses, conducting financial analysis, and collaborating with cross-functional stakeholders.

C. Key Accountabilities
1. Lease Agreement Management
Execute monthly financial close activities, including preparation of journal entries and accruals for aircraft, engine, and property leases.
Maintain a centralized repository of lease agreements and track key contractual and financial terms.
Validate lease-related data, including Maintenance Reserves (MR), Security Reserves (SR), and Redelivery/EOL obligations, ensuring accuracy in accounting.
Perform reconciliations, variance analysis, and periodic reporting on lease obligations and performance.
Monitor maintenance costs and ensure timely closure of books.
Identify opportunities for cost optimization and process improvements.
Ensure compliance with Ind AS 116 and other applicable accounting standards.
Coordinate with internal and external auditors and effectively address audit queries related to lease and maintenance accounting.
Liaise with lessors and internal stakeholders to ensure seamless operations and timely resolution of issues.
2. Group MRO (Maintenance, Repair Overhaul)
Manage monthly financial close and accounting for Group MRO transactions.




Coordinate with Group entities and Engineering teams to obtain, validate, and reconcile operational and financial data.
Ensure timely and accurate invoicing of all Group MRO services.
Conduct financial analysis and support standardization and optimization of MRO processes.
3. Additional Responsibilities
Undertake additional assignments, projects, or responsibilities as required from time to time, in alignment with organizational priorities and stakeholder expectations.

D. Skills Competencies
Solid accounting and financial acumen
Analytical and problem-solving skills
Proficiency in MS Office (particularly Excel)
High attention to detail and accuracy
Effective time management and ability to meet deadlines

E. Key Interfaces
Internal: Collaboration with Legal, Compliance, Engineering, Operations, and other functions to ensure compliance, mitigate risks, and align financial processes.
External: Interaction with lessors, vendors, and maintenance service providers to ensure contractual compliance and smooth execution of transactions.

F. Educational Experience Requirements
Education
Chartered Accountant (CA) or Certified Management Accountant (CMA)
Bachelor s degree in Finance, Accounting, or related field
Experience
Minimum: 4 5 years of experience in lease accounting or financial accounting
Preferred: 5+ years of experience, preferably in the aviation industry, with exposure to lease accounting frameworks and regulatory compliance

Disclaimer : This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Manager - Finance & Accounts (Haryana)
🏢 Air India
📍 Haryana