Manager - Technical Services

Position Title:

Manager – Engineering Finance

Job Code

TBD

Grade:

TBD

Function:

Engineering

Location:

Gurugram

Reports to:

Senior Manager – Engineering Finance

Role Level:

TBD

1. Job Purpose

Lead financial strategy and governance for Engineering operations, ensuring optimal utilization of an annual budget of ~$1Bn. Drive cost leadership, data-backed decision-making, and robust financial controls to support fleet reliability, operational efficiency, and long-term value creation.

1. Key Accountabilities

Budget Ownership & Cost Strategy

• Own planning, monitoring, and optimization of ~$1Bn Engineering budget
• Drive multi-year cost transformation roadmap across maintenance, contracts, inventory, and fleet programs
• Ensure alignment with AOP while proactively identifying risks and mitigation actions

Cost Optimization & Value Creation

• Lead identification and execution of structural and tactical cost-saving initiatives
• Drive financial evaluations for MRO contracts, OEM negotiations, lease returns, heavy checks, and retrofit programs
• Track savings realization vs. plan with clear accountability and governance

Strategic Decision Support

• Lead financial modelling (make vs. buy, repair vs. replace, fleet strategy, timing optimization)
• Provide scenario-based insights and sensitivity analysis for leadership decisions
• Influence long-term engineering strategy through fact-based financial insights

Financial Governance & Compliance

• Ensure strict adherence to DoA, financial controls, and approval frameworks
• Own audit readiness (internal/statutory/regulatory) with strong documentation and defensibility
• Identify control gaps and institutionalize robust, scalable processes

PF&A & Executive Reporting

• Own end-to-end Engineering PF&A including deep variance analysis (AOP, YoY, MoM)
• Deliver CEO/CFO/Board-ready insights on cost drivers, trends, and forward risks
• Ensure accuracy in provisioning, accruals, capitalization, and financial reporting

Strategic Programs & Contracts

• Provide finance leadership on high-value contracts (OEMs, MROs, lessors) and amendments
• Evaluate long-term financial impact of fleet, reliability, and transformation initiatives
• Lead financial input for CEO/EOC/Board approval notes

Digital Enablement & Process Excellence

• Drive automation of reporting, reconciliations, and performance tracking
• Enhance SAP–AMOS–BI integration for improved data integrity and decision-making
• Reduce manual interventions and turnaround time in finance processes

Industry Benchmarking & Insights

• Lead benchmarking against global airlines and MRO practices
• Translate insights into actionable efficiency and cost-improvement initiatives
• Build institutional knowledge on engineering cost competitiveness

Stakeholder Leadership & Team Management

• Lead and mentor a team of finance professionals within Engineering Finance
• Act as a trusted advisor to Engineering, Supply Chain, Planning, and Procurement leadership
• Drive a high-performance culture with strong accountability and capability building

Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work. The same would be suitably represented in the Primary responsibilities and agreed between the incumbent, reporting officer and HR.

1. Skills/Qualities Required

• Exposure to aviation, engineering, operations, or regulated industries
• Familiarity with financial modelling, investment appraisal and management reporting
• Understanding of corporate governance
• Strong commercial acumen – ability to identify cost‑saving levers and evaluate financial impact of engineering decisions.
• Data‑driven mindset – comfortable translating complex data into clear, actionable insights for leadership.
• High compliance orientation – disciplined approach to DoA adherence, audit readiness, and financial governance.
• Stakeholder partnering skills – effective collaboration with Engineering, Procurement, Planning, and senior leadership.
• Analytical rigor with execution focus – balances deep analysis with timely, practical decision support.

1. Key Performance Indicators

• Budget adherence and cost optimization impact
• Savings delivered vs. targets
• Accuracy and timeliness of PF&A reporting
• Audit outcomes and compliance metrics
• Contract value realization and negotiation impact
• Process efficiency and automation outcomes
• Team capability and engagement

1. Skills & Competencies

• Strong commercial acumen with demonstrated ownership of large budgets
• Expertise in financial modelling, business case evaluation, and strategic finance
• Deep understanding of financial governance, controls, and audit frameworks
• Data-driven mindset with proficiency in SAP/analytics tools
• Strong stakeholder influencing and leadership skills
• High execution rigor with ability to balance strategy and delivery

1. Educational and Experience Requirements

• MBA/CA/CFA or equivalent in Finance/Strategy/Analytics
• 7-8 years of relevant experience, with exposure to Engineering, Aviation, Operations-intensive, or regulated industries
• Prior experience in handling large-scale budgets and cross-functional leadership roles