Job Details

IAG Cargo Finance Analyst

UK - Heathrow
IAG Cargo

Job Description

Closing Date: 25th July 2014
Purpose of the Role
Full accountability for the technical management accounting for IAG Cargo Limited, the separate legal entity covering IAG Cargo commercial and management functions, including production of the statutory management accounts, submission to IAG Group, & compliance with all IFRS & UK GAAP requirements.
Owner of the IAGCL finance systems and chart of accounts.
Scope of the Role
Reporting covering IAG Cargo - Turnover of 1.3bn and operating costs of 1bn, accounted for across 3 different legal entities BA, IB and IAG Cargo Limited. Specific statutory and management responsibility for IAG Cargo Ltd - turnover & costs ~ 60m.

Key Accountabilities

  • Maintain the IAGCL finance system (Oracle ledger) and chart of accounts for the IAG cargo legal entity (IAGCL)
  • Ensure appropriate financial controls are in place in the ledger
  • Manage and own the worldwide end to end processes for recording transactions within IAGCL
  • Be the IAGCL finance systems expert and single point of contact for the wider IAG cargo finance team who will use the ledgers
  • Ensure all appropriate financial accounting is carried out on a monthly and quarterly basis for IAGCL ledgers
  • Maintain the mechanism for the recharging of the costs of IAGCL to the operating companies BA & IB including appropriate VAT accounting
  • Segment the annual profit and loss balance into the countries where IAGCL has a permanent establishment for tax purposes and liaise with IAG tax to enable tax filing worldwide
  • Manage the intercompany transactions with BA, IB and IAG
  • Manage the annual external audit for IAGCL
  • Assist wider IAGC reporting team in the consolidation of the overall IAGC management accounts, including support for budgeting, forecasting and financial analysis
  • Proactively identify and articulate opportunities to add value
  • Continuous improvement of service levels and business processes, proactively identifying opportunities for continuous improvement

Key Relationships / Interfaces


  • External Auditors


  • FD IAG Cargo
  • Deputy FD IAG Cargo
  • IAG Cargo Manager Financial Reporting, Planning & Analysis
  • IAG Cargo Finance Team across BA, IB and IAG
  • IAG Group Reporting, BA Group Reporting & IB finance and administration
  • IAG, BA & IB technical finance experts tax and treasury
  • IB IT - Oracle support team
  • IAG Cargo Ltd Company Secretary

Required Skills, Qualifications & Experience


  • Practical technical accounting
  • Analytical and problem solving skills including ability to manipulate, analyse and interpret financial and business data
  • Able to build and maintain strong relationships
  • Proactive, taking the initiative to explore issues and to generate new ideas and approaches
  • Flexible in approach, responding positively to change
  • Able to deal with ambiguity
  • Strong team player with ability to promote good team working and cooperation
  • Good oral and written communication skills
  • Takes responsibility for managing and prioritising own work with the resilience to work under pressure and deliver results to deadlines


  • Qualified accountant (ACA/ACCA/ACMA)


  • Strong accounting background, including reporting, consolidation and financial analysis
  • Good understanding of finance theory and good level of practical finance experience in technical group accounting
  • Numerate and accurate
  • Good IT skills and experience of finance systems preferably including Oracle and Excel

Application Process

All applicants are required to submit their CV and answer the following questions. Please prepare your answers in advance:

  • Describe the challenges currently facing IAG. (Max 250 words)
  • Why is this role the right role for you? (Max 250 words)
  • How will it help you progress your career? What attributes, experience and skills can you bring to the role? (Max 250 words)
* Please note the position will be employed on an IAG Cargo Contract
** Flexible working hours may be considered for this role. Please enquire at the time of your assessment should your application be successful and you are invited for an interview