Confidential — الرياض - منطقة الرياض — دوام كامل
Role Overview
A Business Aircraft Aviation Accountant is responsible for managing and overseeing all financial activities related to the operation of owned and/or chartered business aircraft (private jets).
This role requires specialized expertise in aviation accounting, operational finance, charter activities, maintenance cost control, crew expenses, and high‑value asset management. The position ensures compliance with aviation‑specific financial regulations and supports cost efficiency for private aircraft operations.
General Responsibilities
1. Operational Cost Management
• Track, review, and control monthly operational expenses related to owned aircraft, including but not limited to:
• Crew salaries, expenses and allowances
• Fuel
• Maintenance
• Insurance
• Catering
• Ground services
• Tickets and hotels expenses and costs.
• Process vendor and service supplier invoices and ensure timely payments.
2. Invoice Verification & Reconciliation
• Verify and reconcile invoices against flight operations, requirements, and supporting receipts.
• Ensure accuracy of records and proper allocation of expenses.
3. Flight Payback & Internal Invoicing
• Prepare and issue internal flight payback invoices upon trip completion.
• Submit invoices for internal approval, monitor postings, and follow up with accounts.
4. Cash Float Reconciliation
• Perform monthly or ad‑hoc reconciliation and adjustment of:
• Aircraft cash floats
• Driver cash floats
5. Budgeting & Forecasting
• Develop and monitor operating budgets for:
• Aircraft operations
• Maintenance programs
• Upgrades and modifications
• Prepare financial forecasts based on utilization and operational demand.
6. Aircraft Acquisition & Ownership Accounting
• Maintain financial records for aircraft purchase, leasing, and ownership.
• Manage accounting for:
• Depreciation
• Lease terms
• Financing payments and interest
7. Audit Preparation
• Support internal and external audits related to aircraft operations and ownership.
• Ensure accuracy, compliance, and completeness of financial records.
8. Cost Control & Optimization
• Identify opportunities to reduce and optimize operational and ownership costs while maintaining safety and compliance standards.
9. Financial Reporting
• Prepare regular financial reports providing insight into:
• Operating cost efficiency
• Aircraft utilization
• Expense trends
10. Financial Statements
• Prepare annual financial statements, including:
• Income Statement
• Balance Sheet
• Cash Flow Statement
• Budget and Forecast Reports
Education
• Bachelor’s degree in accounting, Finance, or related field
• Professional certifications in aviation accounting or aviation finance are considered a strong advantage
Experience
• 3–7 years of accounting experience, preferably within:
• Business aviation
• Private jet operations
• Commercial airline operations
• Proven experience managing financial aspects of:
• Aircraft operations
• Charter activities
• Aircraft acquisition and leasing
• Maintenance and overhaul costs
• Strong familiarity with aviation operations and maintenance environments.
• Knowledge of civil aviation authorities, aviation terminology, regulations, technologies, and abbreviations.
• Comprehensive understanding of aviation accounting practices, including:
• Fuel management and calculations
• Aircraft logbooks
• Maintenance and MRO costs
• Flight and ground operations
• Airport and navigation fees
• Overflight permits and permissions
• Crew‑related expenses
• Strong knowledge of MSP programs, including:
• Engine programs
• APU programs
• Other aircraft maintenance programs
• Solid experience reviewing aviation financial and commercial contracts, including:
• Charter agreements
• Aircraft management agreements
• Aircraft purchase agreements
• Maintenance and service contracts
• Crew contracts
Key Skills
1. Financial Expertise
• Strong command of accounting principles related to business aircraft operational expenses and ownership costs.
2. Attention to Detail
• Ability to manage high‑value assets and ensure accuracy and regulatory compliance.
3. Analytical Skills
• Strong capabilities in budgeting, forecasting, and financial analysis for complex aviation operations.
4. Regulatory & Tax Knowledge
• In‑depth understanding of aviation‑related tax regulations, including:
• Depreciation
• Use and VAT taxes
• Tax planning and deductions
5. Software Proficiency
• Experience with financial and ERP systems, including:
• Oracle
• Financial portals
• Microsoft Office (Excel, Word, PowerPoint)
6. Communication Skills
• Ability to clearly communicate financial data and insights to:
• Aircraft owners
• Senior executives
• Operational and maintenance teams
7. Problem‑Solving
• Ability to address financial challenges related to:
• Unexpected operational costs
• Regulatory or contract changes
Other Requirements
• Strong understanding of:
• Business aircraft operations
• Chartering models
• Aircraft management and fractional ownership
• Knowledge of aviation tax structures and financial complexities of high‑value aircraft operations.
• Excellent organizational skills and the ability to perform in a fast‑paced, high‑pressure environment.