About this role
Position Title:
Manager – Engineering Finance
Job Code
TBD
Grade:
TBD
Function:
Engineering
Location:
Gurugram
Reports to:
Senior Manager – Engineering Finance
Role Level:
TBD
- 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.
- 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.
- 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.
- 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
- 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
- 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