Finance Analyst - Airframe Assets

Job Description

TUI Business:

TUI Airline

Band:

5

Location(s):

United Kingdom | Luton | LU2 9TN | Wigmore House
Hannover, DE, 30159
Rijswijk, NL, 2284 DH
Brussel, BE, 1000

Stockholm -Arlanda, SE, 190 45

Hours per week:

Full time hours

Type of contract:

Permanent

TUI Group is the world’s number one integrated tourism business. Within TUI Group, TUI Airline regroups all airline activities across UK, Nordics, Belgium, The Netherlands, Germany, Spain, Morocco, France, and the Dutch Antilles. The Engineering and Maintenance Finance team is a function within our airline organisation responsible for €0.5bn Engineering & Maintenance cost base. The Engineering and Maintenance function operates as a multi-disciplinary team of experts driving efficiency and innovation.

As Finance Analyst – Airframe Assets, your focus will be to support the financial optimisation of costs in reation to the Airframe maintenance and asset management strategy reporting into the Finance Manager – Airframe Assets. A key aspect of the role is the delivery of Aviation Finance objectives, including the provision of clear and timely management information. Maintaining and adhering to the control framework to ensure accurate maintenance reserving and P&L forecasting. Delivering continuous improvement & simplification of key existing models and financial systems.

In this role, you’ll report to the Finance Manager – Airframe Assets.

ABOUT THE JOB

As Finance Analyst – Airframe Assets, you’ll be responsible for:
• As Finance Analyst – Airframe Assets you will be responsible for processing all financial activities in relation to provisioning for key maintenance events on the airframe assets across the group (D-checks, C-checks, Cabin care, Painting, Landing Gear, EOL work). The role will take the financial lead for the forecast, balance sheet and actual performance of the airframe asset spend across Aviation. This role will be fundamental in supporting the financial activities of the platformed Engineering and Maintenance reserving function to ensure alignment across Aviation. The role maintains c.€0.2bn balance sheet reserves for airframe assets, ensuring balances are accurate, aligned, up to date, well-presented and reported.
• You will also be responsible for providing accurate financial information on fleet movements relating to airframe assets, including entry into service of new aircraft, aircraft transfers across group airlines and lease extensions.
• IFRS16 Accounting and IAS37 provisioning is also implemented across several group airlines, the role will therefore involve understanding the key differences between the two standards and how these apply to our maintenance provisions.
• Support the creation of the optimum aircraft lifecycle model in collaboration with the Finance Manager and Aircraft Asset & Business Management (AABM) department based upon the inputs from both Finance and Engineering. You will do this by maintaining the Life Cycle and Reserve model inputs such as maintenance date, location and cost assumptions, as well as executing the accounting adjustments required to embed any optimisation decisions into our maintenance provisions.
• Working in partnership with the Engineering team you will support the constant optimisation of the Airframe Maintenance Plan (AMP) activities, aiming to best utilise TUI’s in-house Hangar facilities. The role will evaluate revisions to the AMP and ensure any changes are reflected in cash flow forecasts and maintenance provisions, identifying and communicating any potential risk and opportunities to the forecast because of movements in the plan.
• A key part of the role will be driving continuous improvement activities within the Engineering Finance Team, including any IT /Analytics projects in this area. This involves the constant review and evaluation of the processes in place as well as the closing and reporting activities.

ABOUT YOU

• Part qualified (or studying towards professional qualification of ACA, ACCA, CIMA or equivalent)
• Strong analytical & presentational skills.
• Eager to learn and a born self-educator.
• Structured and coordinated and excellent attention to detail and accuracy.
• Adapts communication to match audience.
• Ability to work to tight deadlines.
• Strong knowledge of excel, including vlookups and pivot tables.
• Role requires strong business English, both spoken and written, and may involve some international travel

ABOUT OUR OFFER

• Working in the leading global tourism group: We stand for intercultural cooperation and offer the opportunity to work in international projects and teams.
• Mobile working, flexible working hours and working from abroad: We believe that work is something you do, not where you go.
• Development and career opportunities: We promote the potential of our employees with a wide range of (digital) training opportunities and international career opportunities.
• Personal benefits: We offer attractive remuneration, generous travel benefits, extensive health & wellbeing offers and much more.
  

​​We love to see your uniqueness shine through and inspire the future of travel.​ If you would like to read more about what Diversity & Inclusion means to us simply visit Our DNA

If you require any further information regarding this opportunity, please email careers@tui.co.uk

We really value your interest in TUI and will be back in touch with you shortly after the application closing date.