Finance Supervisor
Qatar Airways
Total des années d'expérience :19 years, 3 Mois
Revenue accounting, Accounts receivables - Ouststions
Accounts Receivable, Accounts Payable- DOC
Responsible to efficiently ensure processing of supplier invoices, expense claims, sales reports, banking of sales proceeds in line with QR policies and procedures.
Key accountability include ensuring all vouchers and claims are countersigned to ensure that cross-verification was done in line with applicable policy and procedure. Ensure assets are coded and periodically reconciled with copy of record to HQ. As well as assisting the station in procurement of goods and services to ensure good value for money.
Ensure that all documents are timely and neatly filed for easy reference and retrieval as well as the reconciliation of stocks.
Highlights :
Achieve the deadline in monthly A/P closing, booking of station accruals etc.
Town office ticket sales report verification and banking of the sale proceeds.
Cargo agent sales analysis and reporting, chasing for payments, other claims and disputes settlements and release of stocks etc.
Meet target date in preparation and reporting of HQ management reports such as cost center, Schedules, DOC Analysis sheets, A/P ageing, Calendarised, and tax reconciliation reports etc.
Directly reporting to the station Finance Officer and Finance Manager and supervising the station during the absence of Finance Officer
Responsible to efficiently ensure verification accounting, processing of supplier invoices (A/P) related to major station costs such as DOC (Direct Operating Costs) in line with QR procedures and standards
Processing and proper accounting of Petty cash expense claims as per QR policies and procedures
CTO Sales reports, banking of sales proceeds, posting of receipts in A/R/GL module in line with QR policies and procedures.
Reconciliation of DOC suppliers accounts
Station DOC / FOC Forecasting & Budgeting through Quantum system on yearly basis
A/R customer accounts set off on routine basis
Key accountability also include ensuring all vouchers and claims are countersigned to ensure that cross-verification was done in line with applicable policy and procedure
Ensure assets are coded and periodically reconciled with copy of record to HQ FA section.
Assisting the station in procurement of goods and services to ensure good value for money.
Ensure that all documents are timely and neatly filed for easy reference and retrieval as well as the reconciliation of stocks
Assisting station audit (both internal and external) processes
Supervised 4 staff related to station AP / AR reconciliation and budgetary plan preparation.
Trained 1 staff for A/P DOC processing procedures according to the QR standards
Trained 2 students (QR National Scholarship Program) in A/P and management reporting procedures.
Closely corresponding and arranging meeting with suppliers for QR interests and attending IATA meetings
• Passenger sales revenue auditing on BSP & GSA by using SIRAX system and AMADEUS
• Checking overriding commission taken by GSA on BSP & GSA sales
• Issue ADM on BSP discrepancies
• Issue ACM on BSP agents claims
• Analyze, locate and process errors on fare prorate miss, overused & double used refunds and under collections etc.
• Authorize Refund application/authority on BSP link.
• Monthly sales activity reporting
• Monthly passenger trend analysis reporting
• Manual processing of Compensation / Refund value / Downgrade value - MCO’s and EMD’s in SIRAX
• Reconcile the credit card sales with bank statement
• Manual inserting of Excess Baggage documents in SIRAX
• Route analysis and reporting on annual basis
• Preparing summarized reports for Aviation/Government auditors annually
• Proper answering on BSP agent queries.
Achievements:
Saved and increased more revenue up to 14% in compare to the last year through timely and correct ADM raise
Processed & settled all ACM and Refund requests of BSP agents through proper planning and effective control
Timely analytical reporting & variance analysis on sales activity has enabled the top level management to plan and control on Airline operations and to change market share planning strategically.
Trained 3 persons regarding revenue accounting applications of SAP-Sirax and Amadeus GDS.
Trained 2 persons about BSP procedures and MIS reporting of Egypt Air
Advised and guided BSP agents more efficiently in accurate fare proration and refund processing
• Downloaded BSP report from BSP link and reconciled BSP
• Claimed ACM / special incentives from Airlines on published fare differences
• Handled cash and credit refunds and generated reports.
• Settled BSP and non BSP / budget airlines payment fortnightly
• Settled GSA Airline accounts of Egypt Air, Syrian Arab Airlines and Turkish Airlines
• Prepared refund notices and refund application / authority through BSP link
• Timely follow up and tracking on ticket issuance discrepancies
• Bank accounts, G/L accounts and S/L accounts reconciliation
• Worked closely with management regarding proper correspondences with Airlines.
• Calculated overriding commissions on GSA sales more accurately
Achievements:
Recovered all previous dues up to QAR. 50, 000/- from airlines related to ACM on special incentives and refund differences.
Reduced passenger revenue loss through effective tracking & follow up on ticket issuance discrepancies
Saved more revenue by accurate calculation and accounting of overriding commissions from GSA airlines.
Trained up to 7 persons regarding BSP / GSA accounts reconciliation & settlement and refund preparation by using Fox pro and Amadeus
Gained management reliability and customer satisfaction through proper refund management and ACM claiming.
• Handled monthly journal entries, accounts and various ledgers
• Maintained and recorded Cash and Bank book
• Conducted Internal auditing
• Reconciled branches accounts
• Ageing and Debtors and creditors account management
• Handled various client billing and invoicing activities
• Handled finalization of accounts, depreciation calculation and year end adjustments
• Prepared all documentation regarding passports submission on Saudi Consulate
Achievements:
Found out discrepancies in accounting entries and corrected them timely and effectively
Gained proper controlling over the Financial expenses
Reviewed various account and handled preparation of P & L account and Balance Sheet.
Proper accounting of Branches accounts have been enabled through effective reconciliation and auditing.
Trained 2 persons regarding all General ledger accounting and recording activities
• Handled BSP reconciliation
• Handled cash & credit refunds
• Fortnightly reported and send remittance of documents to BSP and Airlines
• Prepared refund notices and refund application authority on BSP link
• Settled BSP and Airlines payment fortnightly
Achievements:
Achieved management trustworthiness through proper settling of BSP
Effectively satisfied the customers through proper and timely processing of refunds.
Management Process and Organizational Behavior Business Communication Statistics for Management Financial and Management Accounting Managerial Economics Human Resource Management Production and Operations Management Financial Management Marketing Management Management Information System Operations Research Project Management Security Analysis & Portfolio Management Mergers & Acquisitions Taxation Management Internal Audit & Control Project Research Methodology Legal Aspects of Business International Financial Management Treasury Management Merchant Banking & Financial Services Insurance and Risk Management Strategic Management and Business Policy MB0053 International Business Management Subjects in area of Specialization
Explore and interpret Global Distribution Systems Fares (GDS) by using mileage system pricing. I will learn Key topics Introduction to mileage based air fares, analysing itineraries and retrieving fares from a GDS Pricing one-way and circle trip practice exercises Limitations on indirect travel, side trips and surface sectors Backhauls, circle trips, journeys in different classes of service and alternative fare break points Lowest combinations, round-the-world journeys and minimum checks Upon completing this course I should have the skills to: Analyze GDS displays relevant to mileage system pricing Identify and price different journey types Read, interpret, and apply fare rules Check minimum-fare rules in pricing itineraries Use GDS to issue tickets for manually-priced reservations
Standards to be covered: ==================== Introduction IAS 1,IAS 7,IAS 8,IAS 10, IAS 16, IAS 23, IAS 36, IAS12, IFRS2 & IAS 17 IAS 41,IAS 2,IAS 20,IAS 40, IAS 18,IAS 11 & IFRS5 Financial Instrument IAS19 & IAS37 & IAS38 Consolidation IFRS 8,IAS 34,IAS 24,IAS33 IFRS 1,IFRS6,IAS21
Introduction to the BSP System and BSP Language Introduction to BSP Link BSP Agent Billing Reports and Procedures BSP Standard Documents and Procedures BSP Agent Remittance Procedures BSP Agent Best Practices
AN IATA CERTIFIED PROGRAM ON DISTANCE EDUCATION MODE IN AIRLINE FINANCIAL & ACCOUNTING MANAGEMENT . Topics covered under this course: ========================== Airline capital structure and cost classification Sources and application of funds Cash management and financial planning Airline financial control Capital budgeting
CURRICULUM - UNIVERSITY SEMESTER METHOD TOTAL 4 SEMESTERS TOTAL SUBJECTS - 13 SUBJECTS: ---------------- 1. BUSINESS ENVIRONMENT 2. MANAGEMENT INFORMATION SYSTEM 3. QUANTITATIVE TECHNIQUES 4. MANAGEMENT ACCOUNTING 5. MS EXCEL 6. HUMAN RESOURCE MANAGEMENT 7. OPERATION RESEARCH 8. E - COMMERCE 9. ENTERPRISE RESOURCE PLANNING 10. OPERATION RESEARCH 11. ADVANCED ACCOUNTING 12. STRATEGIC MANAGEMENT 13. INCOME TAX 14. FINANCIAL MANAGEMENT 15. STRATEGIC FINANCIAL MANAGEMENT AND CORPORATE FINANCE 16. Viva Voce, Placement Training Report and Internal assessment
CURRICULUM - UNIVERSITY TOTAL YEARS - 3 TOTAL SUBJECTS - 16 ( 3 YEARS) SUBJECTS: --------------- 1. BUSINESS STATISTICS 2. BUSINESS MANAGEMENT 3. MANAGERIAL ECONOMICS 4. COMPANY ADMINISTRATION 5. COST ACCOUNTING 6. ADVANCED ACCOUNTING 7. CO-OPERATION 8. BUSINESS LAWS 9. BANKING 10.COMPUTER APPLICATION 11. AUDITING 12. ENTREPRENEURSHIP DEVELOPMENT 13. MANAGEMENT ACCOUNTING 14. CO-OPERATION - II 15. MARKETING MANAGEMENT 16. PRACTICAL RECORDS & ASSIGNMENTS
Had scored a total of 71% (First Class/'A' Grade as per Indian system). This course is a ten year school curriculum system in India. The 10th standard has a total of 12 subjects that includes languages and variety of subjects as mentioned below 1. FIRST LANGUAGE - ENGLISH 2. SECOND LANGUAGE - MALAYALAM 3. ENGLISH -II - (LITERATURE) 4. MALAYALAM -II - (LITERATURE) 5. HINDI 6. PHYSICS 7. CHEMISTRY 8. BIOLOGY 9. GEOGRAPHY & POLITICAL SCIENCE 10. HISTORY & CIVICS 11. MATHEMATICS - 1 12 MATHEMATICS - 2
