- Manage and oversee regulatory compliance and other support functions within the Financial Planning & Analysis department of Air India.
- Pivotal in providing financial support and analysis for regulatory compliance and various other business functions. Reporting to the Lead - Business Partner, the Manager will play a key role in financial planning, analysis, and decision support for regulatory matters and other cross-functional initiatives.
2. Key Accountabilities
Functional Activities
- Manage and coordinate regulatory compliance activities, ensuring adherence to industry standards and legal requirements.
- Collaborate with cross-functional teams to gather data and insights necessary for financial planning and analysis.
- Act as the financial business partner to regulatory affairs teams and other specified functions.
- Provide financial insights, analysis, and recommendations to support strategic decision-making.
- Establish and monitor key performance indicators (KPIs) for regulatory functions and other designated areas.
- Conduct regular reviews and analysis to identify variances and opportunities for improvement.
- Provide expertise in interpreting and applying regulatory guidelines to support decision-making processes.
- Analyze financial data to support forecasting, budgeting, and strategic planning activities.
- Liaise with external regulatory bodies and represent the organization during audits and inspections.
- Monitor changes in regulations and update internal stakeholders accordingly.
- Identify opportunities for process improvement within the Business Partner department,
focusing on efficiency and accuracy in financial planning and analysis activities.
- Drive the implementation of improvements to enhance overall financial processes.
Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work. The same would be suitably represented in the Primary responsibilities and agreed between the incumbent, reporting officer and HR.
3. Skills/Qualities Required
Financial Regulatory Expertise
Analytical Problem Solver
Solid Interpersonal skills
Financial Acumen
Proven Financial Analyst
Detail-Oriented Reporting
4. Key Interfaces
Internal Interfaces
Regulatory Affairs Team
- Foster a strong relationship to align efforts and ensure comprehensive regulatory compliance.
- Facilitate coordination on audits and inspections, providing necessary documentation and support.
Head - Business Partner Support Functions
- Collaborate closely to align regulatory and support function activities with overall business goals.
- Provide regular updates on compliance status and seek strategic guidance.
Financial Planning & Analysis Team
- Work collaboratively to gather essential data for financial planning and analysis.
- Ensure effective communication of regulatory requirements and support function expectations.
External Interfaces
Regulatory Authorities
- Engage with external regulatory bodies to understand and interpret industry regulations.
- Represent Air India during regulatory audits and inspections, ensuring a smooth and compliant process.
5. Educational and Experience Requirements
Minimum Education requirements
- CA / CFA with professional experience.
- Masters in business administration (MBA) is considered advantageous
Experience
Minimum
Desired
- 4-6 years of experience in regulatory compliance and financial planning.
- 5+ years of experience in regulatory compliance and financial planning.
- Experience in the aviation sector is an added advantage