Revenue Accounting Consultant

Qualifications, Skills and Experience:

• Extensive Experience of at least 15 years in Airline Revenue Accounting: Demonstrated expertise in managing the airline revenue accounting function, including the ability to assess, optimize, and enhance critical passenger revenue accounting process regulations, including interline billing, revenue recognition, and compliance with international standards such as IFRS. Familiarity with the latest trends and best practices in airline revenue management systems is crucial.
  

• Proven Track Record in Revenue Assurance and Audit Procedures: The consultant must have a successful history of implementing robust revenue assurance frameworks and audit controls, designed to minimize revenue leakage and ensure data integrity within the PRA function.
  

• The consultant must hold full revenue accounting diploma-passenger stream and other relevant qualifications.
  

• In-depth Knowledge of IATA Regulations and Revenue Management Systems: A deep understanding of IATA regulations, including interline billing, revenue recognition, and compliance with international standards such as IFRS. Familiarity with the latest trends and best practices in airline revenue management systems is crucial.
  

• Proven experience with Revenue Accounting Systems (Added Advantage- Amadeus Revenue Accounting system): Experience in utilizing and optimizing the Amadeus Revenue Accounting system will be a significant advantage. The consultant should be able to assess its current implementation, provide recommendations for improvement, and support integration with other systems.
  

• Strong Communication and Training Skills: Excellent communication skills, with the ability to convey complex processes and systems to diverse teams. The consultant should also have a proven ability to mentor and train PRA staff, ensuring sustainable improvements and knowledge transfer.
  

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.