Finance Manager – E&M Accounting & Control

Job Description

Job title: Finance Manager – E&M Accounting & Control

Company: TUI Group

Job description: TUI Business:

TUI Airline

Band:

4

Location(s):

United Kingdom | Luton | LU2 9NQ | Terminal Building, London Luton Airport
Rijswijk, NL, 2284 DH
Zaventem, BE, 1930
Hannover, DE, 30159
Stockholm -Arlanda, SE, 190 45

Hours per week:

37.5

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, Morocco, and the Dutch Antilles. TUI Airline Finance is a function within our airline organisation responsible for timely, accurate and insightful reporting to support a variety of stakeholders and to steer business decisions. The TUI Airline Finance function operates as a multi-disciplinary team of experts driving efficiency and innovation. Accounting & Control is responsible for providing an effective Financial Accounting & Control service to a range of internal and external customers that helps to meet the strategic imperatives of the business. The role promotes collaborative team-working, improved co-ordination of activities and promotes improved ways of working.

As Finance Manager – E&M Accounting & Control, you will be responsible for promoting compliance across the airline’s financial accounting processes, ensuring a robust balance sheet while identifying any risks and opportunities as they emerge. You will apply your strong understanding of underlying accounting policies, processes, and systems together with commercial acumen and in order to attain optimal financial outcomes for the business while preserving the integrity of the financial ledgers of Northern Region Airlines, specifically the Engineering & Maintenance function, whilst also supporting our Nordic colleagues as required. As the Engineering and Maintenance finance team is functionally led you will work in partnership with this team to lead accounting and control topics alongside the AOC accounting teams.

This will be achieved by: maintenance of the chart of accounts; authorising journals created by the Engineering & Maintenance function; reviewing and challenging the airline balance sheet while driving through improvements in quality and consistency of balance sheet reconciliations; leading on any technical accounting issues; deploying your expertise in supporting the Engineering & Maintenance functional finance teams within the airline through business and system changes; continuously reviewing and optimising routine activities; and promoting a culture of continuous improvement across your team and others around you.
You will be required to assist the Financial Controller – Airline and Head of Finance – E&M with the management of the airline relationship with the external auditors by managing the provision of schedules and supporting information, producing accounting and positioning papers to explain accounting decisions and their resultant impacts as required, and answering ad-hoc queries as they arise.

Other areas of responsibility include (but not limited to) the management and development of a small team liaising with Group accounting functions to explain movements in the airline accounts; the preparation of balance sheet forecasts including providing commentary and analysis to movements in the budget, forecast and actuals; facilitating correct intercompany accounting; providing input and challenge to the P&L forecasts and cash flow forecasts where required and assisting in work with Internal Audit to identify and correct sub-optimal internal controls and operating procedures.

In this role, you’ll report to the Financial Controller – Airline Accounting & Control and have a dotted reporting line into the Head of Finance – Engineering & Maintenance.

ABOUT THE JOB

As Finance Manager – E&M Accounting & Control, you will be responsible for:

• Management and leadership of your team
• Successful delivery of the month end process to facilitate accurate airline reporting in the Northern Region and TUI Airline Engineering & Maintenance reserve and stock
• Ensuring completion and review of assigned balance sheet reconciliations on a monthly basis
• Coordination of airline balance sheet reviews with key stakeholders across all TUI Airline areas to ensure accuracy and understanding
• Creation and presentation of balance sheet reporting pack to Head of Finance and Finance Director
• Support airline project activity
• Support the delivery of internal and external audit deliverables
• Promoting and supporting internal controls
• Support the development of accounting and control across TUI Airline to ensure consistency, commonality and standardisation
• Facilitate monthly balance sheet reviews in all TUI Airline
• Lead quarterly European balance sheet reviews for platform items such as Maintenance Reserves
• Accountable for the P&L forecast and balance sheet asset for discounting across all TUI Airline regions
• Create, own, and drive forward the E&M Accounting roadmap across TUI Airline
• Be the key point of contact for the Nordic Accounting team
• Delivery of Nordic and UK&I monthly oversight of net asset and FX

ABOUT YOU

• Qualified accountant with previous experience of financial/management accounting and/or audit
• Ability to follow and challenge process
• Ability to adapt and promote change
• Analytical, accurate and number driven
• Strong attention to detail and experience dealing with large volumes of data
• Strong knowledge of IFRS/IAS
• Comfortable and confident in use of Microsoft Office and SAP systems
• Ability to work under pressure and deliver to tight deadlines
• Role requires strong business English, both spoken and written, and may involve some international travel

#LI-LF1 #LI-HYBRID

ABOUT OUR OFFER

• Fantastic holiday benefits including discounts, special offers and the ability to purchase additional ‘TUI time off’
• Health and Wellbeing support in five key areas – Financial, Health, Social, Community and Career
• Discretionary Bonus Scheme
• Private Medical Insurance, single cover with option to add dependants
• Permanent Health Insurance
• Pension scheme and life assurance

​We want to be the best-loved holiday company not only for our customers, but for our colleagues too. That’s why we offer a variety of benefits that go above and beyond a competitive salary, so we can help you to live your best life happily at TUI. Click to find out 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

If you require any further information regarding this opportunity, please email

Your application is important to us and we aim to get back to you shortly after the closing date

Expected salary:

Location: Luton

Job date: Sat, 02 Dec 2023 00:42:47 GMT

Apply for the job now!