Revenue Accounting Consultant job at Uganda Airlines | Apply Now

The consultant will be expected to deliver on the following

Comprehensive PRA Assessment

• Conduct a detailed assessment of existing the Amadeus Revenue Accounting system and processes.

• Benchmark against industry best practices to identify gaps and opportunities.

• Conduct a comprehensive gap analysis of the revenue accounting function with clear recommendations on ways to close the identified gaps.

Customized Training & Capacity Building

• Provide practical, hands-on sessions to build competency in managing critical PRA processes such as handling of sales data, maintenance of fares, taxes and agents commission, proration (Multilateral Prorate Agreement [MPA]/Special Prorate Agreement [SPA]), refunds processing refunds application handling on BSP link, handling of Electronic Miscellaneous Documents (EMDs), auditing of fares, commissions and taxes, unreported sales, creation of Agent Demist Memos & Agent Credit Memos (ADMs/ACMs) and upload to BSP/ARC, ADM/ACM Administration, flown data processing, SPA Management, PRL and uplift data reconciliation, EMD uplift processing, Sales and flown data reconciliation and balance of differences, and interline billing.

Revenue Leakage Minimization

• Implement robust auditing processes to identify and mitigate revenue leakage sources, such as uncollected cancellation fees, fare discrepancies, and tax settlements.

• Develop automated checks and balances to prevent common errors and fraud in ticketing and revenue recording.

System Integration & Optimization

• Support the integration and optimization of existing revenue accounting systems, ensuring seamless data flow between Global Distribution System (GDS), reservation systems platforms and financial systems (ERP)

• Recommend enhancements to support real-time revenue recognition, enabling faster and more accurate financial reporting.

Reporting, Compliance & Regulatory Alignment

• Ensure all PRA processes comply with IATA, IFRS reporting, and local regulations.

• Deferred Revenue Management: Establish practices for managing and recognizing deferred revenue from un-flown tickets or advanced bookings.

• Develop and document standard operating procedures (SOPs) to guide PRA activities.

Mentorship and support

• Provide ongoing mentorship and support to ensure the sustainability of improvements. Conduct periodic reviews and evaluations to measure the impact of the training and process changes.

Revenue Accounting Support & System Integration

• Offer guidance on optimizing the existing Amadeus Revenue Accounting system and integrating new features to enhance efficiency and accuracy.

• Assist in the configuration and use of systems for better data management and reporting.

• Automation Solutions: Support the integration of automated revenue accounting systems to streamline processes, improve efficiency, and reduce manual errors.

• Interfacing with GDS/Reservation Systems: Ensure seamless integration between Global Distribution Systems (GDS), reservation platforms, and revenue accounting system for accurate data flow.

Interline Revenue Management

• Train PRA staff on handling interline billing, managing prorate agreements, and settlements through IATA’s Clearing House, BSP (Billing and Settlement Plan) and Airline Reporting Corporation (ARC).

• Establish robust procedures for effective interline revenue management.

Revenue Assurance & Audit

• Implement procedures to ensure revenue data integrity and prevent revenue leakage.

• ·Train the team in conducting regular audits and establishing controls to recover missed revenues.

• Hand hold the Revenue Accounting team to optimize the Amadeus Sales Audit tool.

• Fare Auditing: Ensure that all tickets and fares processed comply with published or agreed rates, preventing revenue leakage from incorrect fares or tax calculations.

Revenue Optimization through Analytics

• Data-Driven Insights: Incorporate advanced analytics into revenue accounting processes, allowing the airline to make informed decisions on pricing strategies, sales performance, and route profitability.

• Real-Time Reporting: Develop real-time financial reporting systems to monitor key revenue metrics, offering immediate insight into performance against financial targets.

Dispute Management & Interline Accounting

• Dispute Resolution Process: Implement procedures to handle and resolve disputes with partner airlines regarding interline billing, ensuring timely settlement.

• Interline Billing Automation: Train staff on automating interline billing processes using IATA’s systems, ensuring accurate and efficient financial settlements with partners.

Advanced Financial Reconciliations

• Automated Reconciliation: Implement automated reconciliation tools to compare sales, revenue, and cash flow data across multiple systems, ensuring consistency and identifying discrepancies.

• Payment Reconciliation: Ensure the accurate recording of payments received through various channels like online bookings, agency sales, and credit card transactions.