Responsibilities and Duties:An Aviation Accounting Auditor plays a critical role in verifying financial accuracy, ensuring regulatory compliance,and improving operational efficiency in the aviation sector. Below is a detailed breakdown of their key responsibilities:Financial Audits and Verification• Conduct regular audits of financial statements to ensure accuracy, transparency, and adherence to accounting standards such as GAAP and IFRS.• Validate the accuracy of general ledger entries, reconciliations, accounts payable/receivable, payroll, and fixed assets.• Analyze financial data to identify discrepancies, irregularities, or errors and recommend corrective actions.• Verify all documents such as invoices, payment requests, reconciliations, paybacks, etc., issued from the accounting department before sending them for approval from senior management.
Regulatory and Compliance Audits• Ensure compliance with industry-specific regulations and financial regulations affecting the aviation industry.• Verify adherence to tax regulations, including local and international tax laws relevant to aviation operations.• Review compliance with airport fees, leasing arrangements, operator agreements, warranty programagreements, and insurance requirements as they relate to Ajlan family's operations. Operational Audits• Audit and evaluate operational costs, including but not limited to Jet Aviation's monthly invoice, handling, landing, catering, training, fuel expenses, maintenance costs, dispatching, and parts procurement.• Review crew monthly expenses, hotel invoices, cash float, Vista Jet invoice payments, additional expenses, and fuel costs.• Review maintenance invoices and compare them with tasks carried out on VPCDP’s aircraft to ensure accuracy.• Assess the efficiency and effectiveness of procurement processes, vendor agreements, and leasearrangements.• Analyze expenses, categorize them, and ensure accurate financial reporting. Internal Controls and Risk Management• Identify areas of financial, operational, and regulatory risk specific to the aviation sector.