Manager: Finance at Armscor

QUALIFICATIONS:

• Grade 12.
• B. Tech or B. Com degree (with accounting at 3rd level).
• Post graduate qualification will be advantageous (Finance, Management, Commerce).

EXPERIENCE:

• Minimum 10 years’ experience, including 5 years in a supervisory role in finance, accounting, or travel agency financial operations, preferably within IATA/BSP-regulated environments.
• Hands-on experience in cash flow management, debtor control, and credit risk mitigation.
• Exposure to financial reporting, budget execution, and cost control in a multi-departmental or divisional setting.

KEY RESPONSIBILITIES:

Financial Governance & Revenue Assurance

• Oversee and ensure the completeness and accuracy of all accounting, administrative and systems processes executed within AB Travel.
• Assure that issued travel services are billed in line with the clients’ service level and contractual agreements.
• Prevent revenue leakage through the implementation of control systems deliverable frameworks and focused deadlines.
• Investigate and resolve Debtors and Creditors discrepancies impacting on revenue recovery.
• Strengthen internal revenue controls to reduce financial risk exposure.

AB Travel Financial Risk Governance & Airline Settlement Oversight

• Perform, review, and finalise BSP reconciliations in alignment with internal ticketing and accounting systems to ensure accuracy and completeness.
• Ensure the BSP person uses the daily TINS Report as a must to balance and complete daily invoicing.
• Complete monthly Bank, Credit Card and BSP reconciliations.
• Oversee and authorise BSP and Creditors remittances within prescribed settlement timelines to maintain airline accreditation, Iata Licencing (IATA accreditation), cash flow stability.
• Analyse, dispute, and resolve ADMs, ACMs to minimise financial losses and prevent recurring billing discrepancies.
• Identify and correct mismatches between issued tickets, refunds, exchanges, and BSP statements to prevent revenue leakage.
• Monitor BSP exposure, prevent penalties or suspension risks, and ensure adherence to IATA regulations and internal financial controls.

Cash Flow & Debtor Management

• Monitor outstanding accounts, enforce credit terms, and proactively manage overdue balances.
• Recover outstanding payments within agreed credit periods to minimise financial exposure.
• Coordinate cash inflows with BSP cycles and supplier payment obligations to maintain operational liquidity.
• Identify, escalate, and resolve high-risk receivables to prevent bad debts.
• Strengthen the AB travel’s financial position by optimising debtor management practices.

Financial Reporting, Budgeting & Compliance

• Prepare and certify income statements for reporting to provide reliable data for management and governance decisions.
• Reconcile all finance modules (Debtors, Creditors, Cashbook, Disbursement) with the General Ledger and Trial Balance to ensure completeness and accuracy.
• Monitor divisional expenditure against approved budgets, identify overspending trends, and implement cost control measures to support profitability.
• Analyse financial data to improve forecasting accuracy and inform strategic planning.
• Validate projected income against actual revenue, ensure accuracy and completeness of financial data, and maintain integrity across all financial systems.