Kuwait Airways | Full time
Sr. Expert, Banks
Kuwait City, Kuwait | Posted on 05/03/2025
Work Experience 16 Years Experience On the wave of the oil boom of the 1940s, a national carrier was born in 1954. Initially, Kuwait Airways Company served a limited network of Basra, Abadan, Beirut, Damascus and Jerusalem; however, a year later the fledgling carrier was facing economic hardship, and the government of Kuwait took a 50% interest in the airline, subsequently doubling the company's capital. Having entered the rough and tumble world of aviation, the government finally took 100% share in Kuwait Airways.
Kuwait Airways entered the jet age in 1962 by leasing a Comet 4-C, the world's first jet-engined airliner. In the 1960s, the national carrier rapidly expanded its route map, and scheduled services to London began three times a week. To keep pace with fast-moving aviation requirements, three Boeing 707s were delivered in 1968. Ten years later, Kuwait Airways had an all Boeing 707 fleet of eight aircraft.
In 1978, Kuwait Airways entered the wide-body age by taking delivery of its first two B747-200s, adding a third the following year. This expansion permitted Kuwait Airways to extend its network to New York to the west and Manila to the east.
Modernization of the fleet continued, and four B727-200s were delivered in 1980-1981. Two years later, eight Airbus A310s and A300-600s were delivered, and in 1986 three Boeing 767-200ER aircraft joined the wide-body fleet.
Following the destruction of its premises and 15 of its aircraft during the Iraqi invasion of Kuwait, the airline was relaunched. Moreover, the company was restored after the Liberation of Kuwait, and a basic strategy was constituted to expand its operations around the world. After the Liberation of Kuwait until 1998, the Kuwaiti Airways fleet consisted of 17 aircraft.
In 2016, the airline was formally registered as a private company and its Corporate identity was rebranded to reflect its modernization and transformation. Focused on customer centricity and efficiency the airline initiated restructure programs on its organization, operations, and services to meet and exceed its stakeholders expectations. In 2022, the airline established a transformative program that envelops four main pillars across the domains of Environment Social and Governance (ESG), Performance, Customer Experience and Growth.
Today, with a diverse workforce of around 7,000 employees distributed globally, Kuwait Airways operates one of the youngest fleet in the region, owning 32 aircraft and operating to more than 60 direct flight destinations from its single airline hub in Terminal 4, located at Kuwait International Airport. Plus an additional 82 destinations through its partnership with other airlines. The airline will further expand its network when it takes delivery of other narrow bodied aircraft including seven wide bodied A330-900neo and two A350-900.
Job Description
Kuwait Airways is activity recruiting for the position of Sr. Expert, Banks in the Finance department. In this role your responsibilities will include but not limited to:
Basic Function and Scope:
Plans and coordinates all the bank reconciliation activities for KAC. Includes developing and reviewing action plans, resolving problems within the limit of authority, coordinating local and outstation bank reconciliation work for KAC. Includes reviewing all reconciliation statements and comparing same with original bank statements and submitting corrected statements to manager for final review and advice. Carries out all reconciliation work between the bank statement and the general ledger and related accounting records, for all assigned outstation accounts.
Tasks and Duties:
a. Plans and provides overall bank reconciliation's for KAC cheque accounts to ensure that all accounts are reconciled. Includes reviewing reconciliations made, following up all outstanding amounts or debit balances, liaising with other concerned divisions regarding any discrepancies and methods to resolve such discrepancies, and ensuring closing of accounts on schedule with the related confirmation of amounts.
b. Controls and coordinates the movement of KAC funds from one account to another as required.
c. Controls all bank reconciliation statements and related accounting activities of largest local account as well as a number of outstation accounts.
d. Supervises annually the preparation of the closing of the final accounts of the banks. Includes reviewing the prepared schedules of bank balances, exchange fluctuations (if any) requesting confirmation of balances from bank to external auditors, receiving and ensuring filing of a copy of requested information letter upon completing the checking and verifying the correctness of balances therein.
Requirements
a. University degree in Accounting or equivalent.
b. 16 years accounting or banking experience.
