Role Objective

The Cash Forecast and Analysis Manager at Oman Air is responsible for conducting periodic / weekly cash forecasting and analysis, ultimately optimizing cash flow management and enhancing financial transparency. This role involves reviewing and improving cash flow processes, monitoring the volume of activities, liaising with the accounting department for payment processing, and providing accurate and timely cash updates to senior management.

General Responsibilities

1. Review and improve the cash flow management process through optimum cash management practices (e.g., optimization of spend per project), along with implementation of strategies to improve cash flow, such as accelerating accounts receivable, delaying accounts payable (keeping in view negotiation and contractual obligations without any penalties), optimizing inventory levels, and managing capital expenditures.

2. Adopt strong reporting mechanisms to ensure that Oman Air is updated on all incurred charges vis-a-vis the agreed terms, thus enabling senior management to have visibility and easily access periodic reports.

3. Implement and maintain cash forecasting and transparent reporting mechanisms.

4. Oversee daily and monthly cash flow projections and fund availability including analyzing surplus funds, negotiating deposit rates with banks and preparing justification reports for management approval.

5. Develop and implement strategies to ensure optimal cash management and liquidity including identifying and mitigating all treasury-related financial risks.

6. Enhance cash flow forecasting accuracy and sensitivity analysis through the implementation of modeling techniques.

7. Bring new initiatives and automation in the processes, analysis and reporting.

8. Develop and maintain the dynamic model to analyze the airline’s current cash position and compare with forecasted values and loan and lease agreements / covenants.

9. Conduct scenario analysis and stress testing to assess the resilience of Oman Air’s cash position under different economic conditions or operational scenarios.

10. Monitor the impact of financial activities, such as vendor payments and ticket sales, payment and collection days on the cash flows.

11. Coordinate with accounting to process payments with service providers, local suppliers, and other entities as per contract terms/conditions.

12. Optimize cash management practices within the airline, including streamlining payment processes and negotiating favorable terms.

13. Identify and mitigate potential risks to the airline's cash position, such as currency exchange or credit risks.

14. Oversee daily and monthly cash flow projections and fund availability, including analyzing surplus funds, negotiating deposit rates with banks, and preparing justification reports for management approval.

15. Provide regular cash updates to the Treasury Vice President and broader senior management.

16. Stay informed about industry trends, regulatory changes, and economic factors that could impact cash flow and liquidity.

17. Supervise the team and provide them with guidance, support and training, as required and KPIs

Education & Experience

➢ 8+ years of financial or accounting experience with a minimum of 3 years’ experience in a managerial role in the aviation industry is a strong plus.

➢ Bachelor’s degree in finance or accounting (mandatory).

➢ Post-graduate degree/professional accounting accreditation (eg CTP, CA, ACCA, CIMA, CPA, etc)is a plus.

➢ Proficiency in managing cash flow, including forecasting, monitoring, and optimizing cash flow processes.

➢ Strong ethical conduct with dedication to maintaining ethical standards across all corporate matters and adhering to the aviation industry laws and Code of Conduct.

➢ Demonstrated outstanding organizational and leadership abilities.

➢ Strong organizational and time-management skills.

Special Skills & Knowledge

➢ Skill in collecting, analyzing, and interpreting financial data to generate accurate reports and provide meaningful insights to senior management.

➢ Proven track record of developing and utilizing financial models to forecast cash flow scenarios, conduct sensitivity analysis, and assess the impact of different variables on cash flow.

➢ Outstanding organizational and leadership abilities.

➢ Deep business knowledge, strategic thinking and ability to derive financial insights for decision making.

➢ Proven track record collaborating with cross-functional teams and stakeholders to achieve financial objectives.

➢ Dynamic leader able to manage a multi-cultural team, with a commanding presence and excellent communication skills.

➢ Ability to work in a fast-paced environment / transformational setting.

➢ Ability to work with key stakeholders and external partners through teamwork in a nonhierarchical relationship framework.

➢ Organized and efficient, a strong problem solver and decision-maker, and attention to detail.

➢ Proficiency in English (must) and Arabic (preferred).