Manager, Direct Operating Costs
Etihad Airways
Total years of experience :9 years, 2 Months
Etihad Airways (Private Co.), Abu Dhabi, United Arab Emirates May 2013 - Present
Manager, Direct Operating Costs
• Managed a team of 6 who own the accounting, reporting and analysis for the direct operating costs of the company, valued at over $1 billion USD annually
• Led numerous successful initiatives within the department to maximise system capabilities, which resulted in the reduction of close time by one day
• Managed the respective outstation operational and finance managers effectively to ensure accruals were accurate, complete and provided in a timely manner
• Implemented and documented internal controls and processes within the financial reporting operations group, which resulted in consistent adherence to guidelines and mitigation of risk areas
• Contributed to the company's objectives as it related to achieving profitability by being involved in over $1 million USD of savings identified and realised through the accrual management process
• Managed the relationship with external and internal auditors with respect to the accounting and reporting of direct operating costs
• Managed a team of 6 who own the accounting, reporting and analysis for the direct operating costs of the company, valued at over $1 billion USD annually
• Led numerous successful initiatives within the department to maximise system capabilities, which resulted in the reduction of close time by one day
• Managed the respective outstation operational and finance managers effectively to ensure accruals were accurate, complete and provided in a timely manner
• Implemented and documented internal controls and processes within the financial reporting operations group, which resulted in consistent adherence to guidelines and mitigation of risk areas
• Contributed to the company’s objectives as it related to achieving profitability by being involved in over $1 million USD of savings identified and realised through the accrual management process
• Managed the relationship with external and internal auditors with respect to the accounting and reporting of direct operating costs
Etihad Airways (Private Co.), Abu Dhabi, United Arab Emirates Feb 2011 - April 2013
Manager, Management Reporting & Analysis
• Responsible for the full management reporting function which included the management report, divisional reports, audit committee documents, press releases and reporting to the Crowned Prince
• Led numerous successful initiatives within the department which have resulted in the management report being released on a secure e-portal 7 days earlier
• Developed a centralised information base which has developed into the single source of financial data resulting in consistent financial information across the division.
• Managed relationships between departments and increased the scope of the teams work including the development of Cargo management reporting, HR review board packs and the audit committee document
• Managed the process of bringing and standardizing of subsidiary reporting into the head office
• Responsible for the development of an automated solution for the Management Report and the Route Profitability of a subsidiary company
• Implemented and established controls within the division which have reduced manual intervention and increased the validity, accuracy and completeness of all outputs from the department
• Developed the capability within the department to perform forward thinking estimates through leveraging the relationships built in the business and grown the analytical ability of the team
• Responsible for the full management reporting function which included the management report, divisional reports, audit committee documents, press releases and reporting to the Crowned Prince
• Led numerous successful initiatives within the department which have resulted in the management report being released on a secure e-portal 7 days earlier
• Developed a centralised information base which has developed into the single source of financial data resulting in consistent financial information across the division.
• Managed relationships between departments and increased the scope of the teams work including the development of Cargo management reporting, HR review board packs and the audit committee document
• Managed the process of bringing and standardizing of subsidiary reporting into the head office
• Responsible for the development of an automated solution for the Management Report and the Route Profitability of a subsidiary company
• Implemented and established controls within the division which have reduced manual intervention and increased the validity, accuracy and completeness of all outputs from the department
• Developed the capability within the department to perform forward thinking estimates through leveraging the relationships built in the business and grown the analytical ability of the team
Deloitte Consulting, Johannesburg, South Africa Jan 2008 - Dec 2010
Lead, Financial Transformation
• Formed an integral part of developing the Capital Efficiency service offering within the practice and consistently top rated throughout consulting career.
• Involved in developing the stochastic financial modeling capability in the South African practice through the use of decision programing language software
• Led the financial work stream on the Sales and Marketing review on a major listed Mining entity. The engagement included the development of a dynamic stochastic financial model as well as options analysis enabling the client to have better insights in the decision making process.
• Led the Finance stream on two capital projects for a major listed Gold mining entity. Performed the analysis of capital options, what-if scenarios and identifying key risk areas. The projects have been performed with overseas teams and the team partnered with the Deloitte Capital Projects team of the New York practice.
• Finance stream lead for the business process re-engineering in a major airline which included a review of the current business processes, re-engineering the processes to optimise efficiency and align the process with leading practices.
• Formed an integral part of developing the Capital Efficiency service offering within the practice and consistently top rated throughout consulting career.
• Involved in developing the stochastic financial modeling capability in the South African practice through the use of decision programing language software
• Led the financial work stream on the Sales and Marketing review on a major listed Mining entity. The engagement included the development of a dynamic stochastic financial model as well as options analysis enabling the client to have better insights in the decision making process.
• Led the Finance stream on two capital projects for a major listed Gold mining entity. Performed the analysis of capital options, what-if scenarios and identifying key risk areas. The projects have been performed with overseas teams and the team partnered with the Deloitte Capital Projects team of the New York practice.
• Finance stream lead for the business process re-engineering in a major airline which included a review of the current business processes, re-engineering the processes to optimise efficiency and align the process with leading practices.
Deloitte Audit, Johannesburg, South Africa Jan 2005 - Dec 2007
Audit Senior
Completed full three years training and obtained the Chartered Accountant (SA) through Deloitte Audit. Key audit engagement experience and clients during the 3 years include:
• Exxaro Coal (Mining Sector) - Performed the Consolidation of the entities at a Head office level which involved a detailed application of IFRS 3 (Business Combinations) through the audit. The work performed included detail testing the journal entries and assessing the valuation of the Eyesizwe business through the eyes of the buyer and the transaction was the largest Black Economic Empowerment deal in South Africa valued at ZAR 16 billion in 2005.
• Robor (Pty) Ltd (Manufacturing Sector) - Detailed testing and understanding of a complex standard costing system in a manufacturer has been gained. Usage of tools such as ACL (specialized audit software) has been applied and detailed controls work has been performed on the Revenue and Inventory cycles.
• Net 1 Applied Technology (Financial Services) - Responsible for the audit of all the key operational entities. The client was NASDAQ listed and Sarbanes Oxley work has been performed with emphasis placed on applying the differences between US accounting practice and IFRS reporting.
• Emerald Casino (Gaming & Hospitality) - Lead the engagement and was responsible for full risk assessment on a new client. Key documentation was developed on the systems descriptions of the entity as well as working with the Enterprise Risk Services division to integrate the testing of the systems controls with the accounting controls.
Completed full three years training and obtained the Chartered Accountant (SA) through Deloitte Audit. Key audit engagement experience and clients during the 3 years include:
• Exxaro Coal (Mining Sector) - Performed the Consolidation of the entities at a Head office level which involved a detailed application of IFRS 3 (Business Combinations) through the audit. The work performed included detail testing the journal entries and assessing the valuation of the Eyesizwe business through the eyes of the buyer and the transaction was the largest Black Economic Empowerment deal in South Africa valued at ZAR 16 billion in 2005.
• Robor (Pty) Ltd (Manufacturing Sector) - Detailed testing and understanding of a complex standard costing system in a manufacturer has been gained. Usage of tools such as ACL (specialized audit software) has been applied and detailed controls work has been performed on the Revenue and Inventory cycles.
• Net 1 Applied Technology (Financial Services) - Responsible for the audit of all the key operational entities. The client was NASDAQ listed and Sarbanes Oxley work has been performed with emphasis placed on applying the differences between US accounting practice and IFRS reporting.
• Emerald Casino (Gaming & Hospitality) - Lead the engagement and was responsible for full risk assessment on a new client. Key documentation was developed on the systems descriptions of the entity as well as working with the Enterprise Risk Services division to integrate the testing of the systems controls with the accounting controls.
-I am a qualified Chartered Accountant in South Africa which is recognized as a masters equivalent. - Obtained Honours degree in Accounting from the Rand Afrikaans University in 2004. Upon which i completed my 3 years traineeship at Deloitte & Touche and successfully passed the qualifying examinations.
2004-2007 South African Institute of Chartered Accountants South Africa Chartered Accountant CA (SA)
2003-2004 Rand Afrikaans University Johannesburg Honours in Accounting, (B.Com (Accounting) (Honours))
2000-2002 Rand Afrikaans University Johannesburg Bachelor of Commerce in Accounting (B.Com (Accounting))