1. Financial reporting• Work with team to ensure timely and accurate recording of revenue expense and balance sheet information in the general ledger
• Compile accurate and timely monthlyannual accounting schedules bank reconciliations and account reconciliations
2. Management reporting
• Work with management to prepare ad hoc financial analysis where needed
• Prepare cash flow forecast summarizing cash movements within the port and remit any excess funds to head office
3. Business advisory
• Assist in the preparation of expenditure control committee submissions
• Participate in industrial work groups to discuss financialaccounting related matters
4. People management
• Build a strong and motivated team ensure the right organizational structure and the right people are in place to foster positive team spirit and facilitate teamwork
• Develop staff with high potential and identify learning opportunities for staff to ensure there is continuous improvement on efficiency and effectiveness
5. Cost control
• Work with line department managers to prepare the annual overhead route cost budgets prepare forecasts as requested throughout the year
• Critically review actual spend compared to budget and work with management to identify cost savings opportunities
• Prepare monthly analysis explaining significant overhead cost variances
• Encourage cost savings wherever appropriate
• Participate in local contract negotiations and manage third party contracts
6. Credit control
• Establish a credit policy for appointing new agents and work with the cargo and sales teams to evaluate potential new agents in line with this policy
• Obtain and maintain the necessary security from agents
• Perform an annual credit review of all nonIATA agentsGSAs
• Minimize exposure and losses
• Identify any default payments and pursue collection through BSP bank guarantees collection agencies legal etc.
7. Payroll
• Ensure proper control and authorization over changes to payroll such as pay rate new and terminated employees benefits etc.
• Ensure correct local statutory employee deductions including employee insurance and tax withholdings and stay up to date on any changes
8. Control and risk assessment
• Ensure adherence to management policies regarding all facets of authorization work with head office re any deviations from the policies required for local reasons
• Implement sufficient controls
• Ensure proper authorization of contracts and expenditures
9. Compliance
• Fully comply with all applicable laws and regulations
• Monitor and update country management and head office finance department on new local requirements and new developments which may give rise to changes in risk exposure and or changes in working procedures
Cathay Pacific Airways’ vision is to be the world’s best airline. A 4time winner of the prestigious Skytrax Airline of the Year award Cathay Pacific serves over 180 destinations in 51 countries and territories and employs a team of over 22500 worldwide dedicated to providing the highest quality service both on the ground and in the air
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