Vice President – Financial Planning, Analysis & Control

Role Objective

Oman Air is on an ambitious transformation journey to strengthen its competitive position, restore sustainable profitability, and modernize its operations across the enterprise. At the heart of this transformation is a rigorous financial discipline and evidence-based decision-making culture.

The Vice President – Financial Planning & Analysis (VP FP&A) is a critical senior leadership role within the Finance Division. The incumbent will serve as the principal advisor to the CFO and the broader Executive Leadership Team on all matters related to financial planning, budgeting, forecasting, and strategic decision support. The VP FP&A will drive the evolution of the FP&A function from a traditional reporting unit to a fully digitized, insight-driven, and forward-looking centre of excellence that enables Oman Air to make faster, more confident, and more profitable strategic decisions.

Area of responsibility

Oman Air's transformation program is anchored on revenue growth, cost optimization, operational excellence, and digital enablement. The VP FP&A will play a defining role in all four pillars by:

• Embedding a robust financial planning architecture that links strategy to execution

• Providing the analytical rigor required to evaluate route profitability, transformation initiatives, and investments.

• Championing the digitization of the FP&A function through modern planning tools, automation, and self-service dashboards.

• Building a high-performing FP&A team capable of serving as true business partners across the airline.

3. KEY RESPONSIBILITIES & ACCOUNTABILITIES

A. Financial Planning, Budgeting & Forecasting

• Lead the end-to-end annual budget and medium-term financial planning processes across all business units and cost centers.

• Develop and maintain a rolling forecast model that reflects the dynamic nature of the aviation sector, incorporating fuel prices, capacity changes, yield trends, and macro-economic variables.

• Design and implement a zero-based budgeting (ZBB) approach where applicable to instill cost discipline and accountability across the organization.

• Ensure alignment of financial plans with Oman Air's strategic objectives and present consolidated plans to the senior leadership.

B. Decision Support & Business Partnering

• Act as a trusted financial advisor to the C-suite, and business unit heads, delivering timely, accurate, and actionable financial insights.

• Lead financial evaluation of strategic initiatives including new route launches, fleet acquisition decisions, code-share agreements, and ancillary revenue programs.

• Develop robust business case frameworks and investment appraisal models to support capital allocation decisions.

• Partner with Commercial, Operations, Engineering, HR, IT and SCM leadership to embed financial discipline in day-today decisions.

• Prepare Board-level and investor-facing financial presentations, management reports, and commentary.

C. Performance Management & Reporting

• Establish a comprehensive management reporting framework covering KPIs, variance analysis, and exception-based reporting.

• Drive monthly, quarterly, and annual financial performance reviews with actionable corrective insights

• Benchmark Oman Air's financial performance against peer carriers and industry benchmarks (IATA, CAPA) and communicate findings to senior leadership

D. Digitization & Process Efficiency

• Lead the digital transformation of the FP&A function, including the evaluation and implementation of modern Enterprise Performance Management (EPM).

• Automate manual, repetitive FP&A processes to significantly reduce cycle times and improve data accuracy.

• Build self-service financial dashboards and analytics capabilities enabling non-finance stakeholders to access real-time financial intelligence.

• Integrate FP&A systems with ERP, revenue management, and operational data sources to create a single version of financial truth.

• Champion the use of AI and machine learning for predictive forecasting, demand sensing, and scenario modelling.

E. Team Leadership & Capability Building

• Build, lead, and mentor a high-performing FP&A team of finance professionals, fostering a culture of analytical excellence, intellectual curiosity, and continuous improvement.

• Define team structure, roles, and development plans aligned with the digitization and transformation agenda.

• Promote financial literacy and awareness across non-finance functions through training programs and business partnering initiatives

F. Risk, Governance & Compliance

• Maintain robust internal controls over the financial planning and reporting processes.

• Ensure compliance with IFRS, local regulatory requirements, and Oman Air's internal financial policies and procedures.

• Support treasury and risk management functions in sensitivity analysis, stress testing, and fuel/currency hedging evaluations.

• Coordinate with internal and external auditors on FP&A-related matters.

Education & Experience

➢ Bachelor’s degree in finance with 12+ years of financial experience, with a minimum of 5 years of managerial experience

➢ Post-graduate degree/accreditation such as ACCA, CFA or CPA (Mandatory)

➢ Strong ethical conduct with dedication to maintaining ethical standards across all corporate matters and adhering to the aviation industry laws and Code of Conduct.

➢ Demonstrated outstanding organizational and leadership abilities.

➢ Strong organizational and time-management skills.

Special Skills & Knowledge

➢ Strong financial acumen and familiarity with aviation finance practices.

➢ Proven knowledge in leading financial strategy development and execution.

➢ Experience in zero-based budgeting.

➢ Demonstrated outstanding organizational and leadership abilities. ➢ Deep business knowledge, strategic thinking and ability to derive financial insights for decision making.

➢ Experience driving large financial transformations with a proven track record of driving financial success.

➢ Proven track record collaborating with cross-functional teams and stakeholders to achieve financial objectives.

➢ A dynamic leader able to manage a multi-cultural team, with a commanding presence and excellent communication skills.

➢ Self-starter, entrepreneurial mindset with experience in implementing disruptive and innovative business models, products/services/tools.

➢ Ability to work in a fast-paced environment / transformational setting.

➢ Ability to work with key stakeholders and external partners through teamwork in a non-hierarchical relationship framework.

➢ Organized, efficient, and a strong problem solver and decision-maker.

➢ Proficiency in English and Arabic