Job Description
Department Description
Monarch is the UK’s longest-established, privately owned airline group and a great place to develop your career. The company includes a scheduled airline, in-house tour operator and an award-winning engineering division. Flying from 5 UK bases, London Gatwick, Birmingham, Manchester, Leeds-Bradford and Luton where it is headquartered; the airline offers 7 million sector seats to leisure destinations. With a strong heritage, the tour operating division offers package holidays across the airlines scheduled network focussing on beach, city and ski breaks.
Operating globally, Monarch Aircraft Engineering (MAEL) supports the airline and provides aircraft maintenance services to third party customers located in Eastern and Western Europe, the Middle East, Australia and North America. MAEL is a leading MRO for new technology aircraft, including the Boeing 787 Dreamliner, for which it is one of a small group of worldwide Boeing-approved GoldCare providers. Our employees are our greatest asset and are fundamental to the success of our business. Our team are amongst the most highly trained professionals in the industry and are committed to delivering superior levels of service. Our aim is to become Europe’s most recommended airline group.
Brief Description
Support business owners within their relevant areas of the business with:
o Financial analysis
o Supporting business case preparation and producing the financials for business cases
o Budgeting & Forecasting
o Attending departmental meetings to ensure full support is provided
o Helping budget holders to understand their month end results and challenge where necessary
o Helping budget holders to remove unnecessary costs from their budgets and think about efficiency savings - Cost Attack.
Support their line manager, Strategic Financial Controller and Head of Strategic Finance
Develop internal reporting relating to relevant business area that meets business needs
Support the Financial Accounts team in producing accurate monthly management accounts
Any Adhoc queries
Detailed Description
Business Partnering
Develop strong working relationships with business owners
Regular meetings held to understand what is happening in each area, future projects, forward projections
Develop financial analysis and reporting to support business in future decision making
Financial support for business projects
Cost Attack & Performance Management
Work with the business owners to identify potential cost savings in order to reduce the overall cost base
Calculate the financial impact of any potential savings
Work with the business owners to ensure performance targets are maximized
Budgeting / Forecasting/Long term planning
Support the budget holders on preparation of annual budgets & forecasts for relevant areas of the business
Challenge budget holders to ensure low cost base
Liaise with the financial accountants to ensure budget/forecast data is available for them to produce monthly management accounts
Month End Process
Supporting Head of FP&A on understanding key variances for pack commentary
Challenge business on overspends
Job Requirements
Knowledge:
Airline industry experience an advantage
Accounting systems – Oracle, Hyperion, Cognos & OBIEE
Skills:
Strong interpersonal skills
Advanced Excel skills
Ability to communicate at all levels
Ability to work under direction and use own initiative
Not afraid to challenge
Experience/Education:
CIMA / ACCA part qualified or equivilent experience
Competencies:
High degree of numeracy with excellent attention to detail
Commercial discretion when handling sensitive commercial data
Enquiring attitude to work and willing to articulate your views in a debate
Team Player
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