Location: Gurugram

Aug 2, 2026

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

- Strong 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

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