Finance Analyst - Airframe Assets

Job Description

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, you will play a key role in optimising the financial performance of our Airframe maintenance and asset management strategies, 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.

ABOUT OUR OFFER

• Personal benefits: Attractive remuneration, discretionary bonus schemes, generous travel benefits, extensive health & well-being support, and more.

• Flexible working: Work is something you do, not somewhere you go. We encourage a healthy work-life balance with a dynamic working environment.

• A career to shape: Access the TUI Learning Hub to level-up and reach your ambitions.

• Broaden your network: We champion intercultural collaboration and provide opportunities to work on global projects and teams

• Community: Get involved with incredible local charity and sustainability initiatives like the TUI Care Foundation.

ABOUT THE JOB

• Responsible for all financial activities in relation to provisioning for key maintenance events on the airframe assets across the group. Leading on budgets/forecast, balance sheet and actual performance of the airframe components spend across Aviation. This role will be fundamental in supporting the further development to streamline processes across all airlines within TUI. The role maintains c.€0.2bn balance sheet reserves for airframe assets, ensuring balances are accurate, aligned, up to date, well-presented and reported.

• 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.

• Understand the key differences between IFRS16 Accounting and IAS37 provisioning and how these apply to our maintenance provisions.

• Maintain key information of 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.

• Collaborate with the Engineering team to 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.

• Foster a culture of driving continuous improvement activities within the Engineering Finance Team, including any IT /Analytics projects in this area.

ABOUT YOU

• Part qualified (or studying towards professional qualification of ACA, ACCA, CIMA or equivalent level of experience)
• 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

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From a workplace to a place to belong. At TUI we embrace diversity, equity, and inclusion, encouraging everyone to come as you are, because together, our potential is limitless.

We are committed to supporting candidates with disabilities and impairments so if you require any support, please do let us know.

SECURITY CLEARANCE STATEMENT

At TUI, safety is our top priority. We conduct thorough background checks on all employees who join our Airline.

Rest assured; we’ll guide you on the necessary information you need to provide at each stage.

Please note that if you are applying for a role in the UK, you must ensure you can provide a full 5 years referencing, plus a criminal record check for all countries you’ve resided in for more than 6 months in the past 5 years

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