BUNSON TRAVEL SERVICES is seeking a highly skilled and experienced Finance Manager to oversee all financial aspects of our travel agency. The successful candidate will be responsible for ensuring the financial health of the organization, managing budgets, preparing financial reports, and implementing strategies to optimize profitability.

Key Responsibilities

1. Financial Planning and Budgeting
• Develop and manage the agency's annual budget.
• Monitor financial performance against budgets and forecasts.
• Provide insights and recommendations to improve financial outcomes.
2. Accounting and Financial Reporting
• Oversee daily accounting operations, including accounts payable, receivable, and general ledger.
• Prepare accurate and timely financial statements and management reports.
• Ensure compliance with tax regulations and statutory requirements.
3. Cash Flow and Risk Management
• Monitor and manage cash flow to ensure liquidity for operational needs.
• Implement controls to mitigate financial risks, including fraud prevention.
• Manage foreign exchange transactions and hedging strategies where applicable.
4. Banking Relationships
• Maintain and nurture strong relationships with banking partners to optimize financial services.
• Negotiate favorable terms for loans, credit lines, and other financial products.
• Ensure smooth and efficient bank reconciliations and transaction management.
5. Client Payment Agreements and Debt Collection
• Develop and manage client payment agreements, ensuring compliance with terms.
• Oversee the debt collection process to minimize outstanding receivables.
• Implement strategies to enhance timely payments and reduce bad debts.
6. Managing Supplier Payments
• Ensure timely and accurate payments to suppliers while maintaining positive relationships.
• Monitor supplier accounts and resolve payment discrepancies promptly.
• Negotiate favorable payment terms with suppliers to optimize cash flow.
7. Compliance and Audit
• Ensure adherence to all financial regulations, including travel industry standards.
• Coordinate with external auditors and implement audit recommendations.
• Maintain records and documentation for financial transparency.
8. Team Leadership and Collaboration
• Supervise and mentor the finance team to achieve departmental goals.
• Collaborate with other departments to align financial strategies with business objectives.
• Act as a strategic advisor to senior management on financial matters.
9. Travel Agency-Specific Financial Operations
• Manage Global Distribution System (GDS) reconciliations (e.g., Amadeus, Travelport).
• Oversee commission payments and ensure accuracy in supplier settlements.
• Optimize financial

• Proven experience as a Finance Manager, ideally within the travel or hospitality industry.
• Strong knowledge of financial principles, regulations, and best practices.

• Proficiency in financial software and systems, including accounting software and GDS platforms.
• Excellent analytical, problem-solving, and decision-making skills.
• Leadership abilities and experience managing teams.

  Key Competencies

  • Attention to detail and accuracy.
  • Strong organizational and time-management skills.
  • Ability to work under pressure and meet tight deadlines.
  • Excellent communication and interpersonal skills.

Please complete the questionnaire attached to submit your application by 6TH FEBRUARY, 2025