Summary
Overview
Work History
Education
Skills
Languages
Certification
Achievements And Recognition
Timeline
Generic

Eathar Talib Al Bulooshi

Muscat,Oman

Summary

Visionary Financial Leader | Expert in FP&A, Budgeting, Forecasting & Strategic Planning | Driving Profitability, Cost Optimization, and Business Transformation through Data-Driven Insights, Financial Restructuring, and Digital Innovation Accomplished finance executive with extensive experience in financial planning, analysis, budgeting, and reporting across aviation and investment sectors. Proven track record of optimizing resource allocation, improving forecasting accuracy, and driving cost-saving initiatives to enhance profitability. Adept at leading high-impact financial restructuring projects, streamlining operations, and implementing automation to improve efficiency. Expertise in IFRS/GAAP compliance, risk management, and financial governance, ensuring data integrity and regulatory adherence. A strategic decision-maker with a history of leading cross-functional teams, optimizing working capital, and spearheading digital transformation in financial operations. Adept at identifying revenue leakage, negotiating cost-saving vendor contracts, and enhancing financial reporting accuracy through advanced analytics. A trusted business partner with a keen ability to translate financial data into actionable insights that drive growth, operational excellence, and long-term sustainability.

Overview

11
11
years of professional experience
1
1
Certification

Work History

Function Head - Financial Planning, Analysis & Budgeting

Oman Air
Muscat, Oman
07.2024 - Current
  • Lead the financial planning, analysis, and budgeting functions, driving strategic decision-making through data-driven insights and financial modeling.
  • Develop and implement financial strategies to optimize resource allocation, enhance cost efficiencies, and improve profitability.
  • Manage the budgeting process, ensuring accuracy, compliance, and alignment with corporate objectives.
  • Conduct variance analysis to track financial performance, identify trends, and provide actionable recommendations to executive leadership.
  • Optimized budget utilization, reducing operational costs by 18% through strategic cost control measures and process automation.
  • Enhanced forecasting accuracy by 20%, implementing advanced financial modeling techniques and data analytics.
  • Led a financial restructuring initiative that improved EBITDA margins by 12%, aligning resources with key business priorities.
  • Automated monthly reporting processes, reducing report generation time from 3 weeks to 1 week and enhancing decision-making speed.
  • Identified Route Profitability leakage areas, implementing corrective actions that increased route performance by $5M annually.
  • Directed cross-departmental initiatives that resulted in savings of $150M annually.
  • Negotiate vendor contracts, achieving $1.5M in annual cost savings by optimizing software licensing agreements and streamlining operational expenses.
  • Led all long term planning and financial restructuring activities (1yr, 5yr & 10yr) across the organization which include Revenue, OPEX, CAPEX and manpower strategies.
  • Built long term dynamic financial models for the organization with multiple scenario options and sensitivity analysis

Acting Vice President - Financial Reporting, Accounting & Systems

Oman Air
Muscat, Oman
07.2024 - 12.2024
  • As the Acting VP, provide executive leadership in financial reporting, accounting, and systems, ensuring financial accuracy, compliance, and efficiency.
  • Oversight of all the following sections: General Ledger, AP, AR, Fixed assets, Financial systems, Revenue accounting and Outstation accounting.
  • Direct the preparation of financial statements in accordance with IFRS/GAAP, ensuring transparency and regulatory adherence.
  • Lead the accounting function, overseeing general ledger management, reconciliations, and month-end closings.
  • Implement financial systems and process enhancements to improve reporting efficiency and data accuracy.
  • Improve financial reporting accuracy through the integration of automated reconciliation tools and advanced analytics, ensuring data integrity and compliance.
  • Reduce monthly close cycle by 6 days by streamlining accounting processes, automating key tasks, and enhancing cross-departmental collaboration.
  • Lead the negotiations on system upgrade that increases financial data processing speed by 50%, reducing reporting timelines and enhancing real-time decision-making capabilities.
  • Optimize working capital management by accelerating receivables collection and improving cash flow efficiency.
  • Enhance financial governance, improving regulatory compliance scores by 20% through strengthened policies, risk mitigation strategies, and audit readiness initiatives.
  • Successfully managed 80% of the Finance department with a 100+ employees reporting into my organization.

Acting Sr. Manager - Budgeting, Planning, Reporting, Taxation & Receivables

Oman Air
Muscat, Oman
01.2023 - 07.2024
  • Direct financial planning, budgeting, and control while overseeing financial reporting, taxation, and receivables.
  • Lead the development of annual budgets, monthly reporting, forecasting, and long-term business plans to support strategic decision-making.
  • By analyzing financial data and providing key insights, I drive revenue generation and cost optimization across the organization.
  • Collaborate closely with executives, board members, and auditors to ensure compliance and accurate financial reporting.
  • Led cost reduction initiatives, achieving a 10% expense reduction within a year by implementing cost control measures.
  • Developed and launched a comprehensive Route Profitability Report, enhancing tactical and long-term decision-making.
  • Designed executive financial reports, identifying revenue opportunities and mitigating potential risks through data analytics.
  • Improved financial closing processes, reducing monthly closing time through ERP enhancements.
  • Streamlined accounts receivable processes, reducing outstanding receivables by 20% within six months.
  • Explored and worked on different airline based EPM modules
  • Successfully led a team of 19 finance professionals, enhancing cross-functional efficiency through process optimization.

Manager Budgeting, Planning & Financial Control

Oman Air
Muscat, Oman
07.2021 - 01.2023
  • Led the Financial Planning, Budgeting & Control, as well as the Financial Reporting, Taxation, and Receivables functions, ensuring financial integrity and operational efficiency.
  • Oversaw the development of annual budgets, monthly reporting, forecasting, and long-term business plans to support strategic decision-making.
  • Directed process improvements, identified ERP gaps, and ensured compliance with financial regulations.
  • Led digital transformation initiatives, implementing automated finance solutions that increased process efficiency and reduced manual workload.
  • Developed a comprehensive Route Profitability Report, enhancing financial forecasting accuracy and supporting data-driven decision-making.
  • Directed vendor contract negotiations, securing $6 million in cost savings, improving profitability across multiple agreements.
  • Increased financial reporting accuracy ensuring compliance with internal policies and external audit standards.

Accounts Supervisor

TANMIA (Oman National Investments Development Company)
Muscat, Oman
12.2020 - 07.2021
  • As an Accounts Supervisor, managed, controlled, and analyzed the company's general ledger accounts, ensuring compliance with financial regulations and internal policies.
  • Provided monthly management reports detailing the company's financial performance and prepared quarterly reports for the Board of Directors.
  • Led the preparation of the 2020 Annual Report, delivering key financial insights to stakeholders.
  • Collaborated with external consultants to establish the organization's Risk Management Department, enhancing financial risk assessment and mitigation strategies.
  • Optimized financial reporting processes, reducing month-end closing time by 20% through automation and procedural enhancements.
  • Led the preparation of the 2020 Annual Report, delivering key financial insights to stakeholders and board members.
  • Assisted in the implementation of a Risk Management Department, enhancing financial risk assessment by 25% within the corporate center.
  • Enhanced budgeting processes, leading to a 15% improvement in financial forecasting accuracy within the planning center.
  • Implemented a new financial dashboard, boosting real-time financial visibility and improving decision-making efficiency by 25% in the reporting center.

Manager Finance Business Partner - Commercial

Etihad Airways
Abu Dhabi, UAE
01.2017 - 12.2020
  • Authored revenue and cost forecasts to drive financial planning and decision-making while ensuring alignment with corporate objectives.
  • Conducted in-depth analysis of business cases to identify growth opportunities, optimize resource allocation, and support strategic initiatives within the commercial division.
  • Increased ancillary revenue by $40M annually by leading high-impact financial projects, optimizing revenue streams, and enhancing cost-efficiency.
  • Reduced $20M in costs by supporting the outsourcing of Duty-Free operations, improving vendor negotiations, and streamlining financial processes.
  • Achieved $10M in annual savings by optimizing Contact Centre Operations through workflow automation and strategic resource allocation.
  • Lowered guest transport and entertainment expenses by $3M by implementing cost-cutting measures and renegotiating supplier contracts.
  • Conducted investment analysis to support strategic decision-making, evaluating commercial opportunities and maximizing return on investment.

International Assignee

Etihad Airways
New York, USA
04.2016 - 12.2016
  • Supported commercial and operation teams by executing process improvement initiatives that enhanced business performance and profitability.
  • Collaborated with crossfunctional teams to streamline workflows, optimize resource allocation, and improve operational efficiency.
  • Conducted in-depth market research and financial analysis to identify opportunities for revenue growth and cost savings.
  • Authored comprehensive progress reports to track performance against key performance indicators (KPIs), ensuring data-driven decision-making.
  • Enhanced sales efficiency by 15% through the implementation of streamlined workflows, reducing process redundancies.
  • Increased operational productivity by 20% by identifying bottlenecks and optimizing resource allocation.
  • Directed a cost-reduction initiative, saving the company $500K annually through process improvements.
  • Improved KPI tracking accuracy by 30%, enabling more precise performance measurement and strategic adjustments.
  • Conducted sales performance analysis, leading to a 10% increase in revenue through targeted strategy adjustments.

Finance Graduate Manager

Etihad Airways
Abu Dhabi, UAE
05.2014 - 03.2016
  • Completed rotational assignments across multiple finance departments to develop expertise in financial reporting, planning, and analysis.
  • Gained hands-on experience in budgeting, forecasting, and variance analysis while receiving structured training on financial operations.
  • Assisted cross-functional teams with data entry, reconciliations, and administrative support to enhance workflow efficiency.
  • Assisted in developing a new budgeting model, improving forecasting accuracy by 20% across multiple departments.
  • Conducted variance analysis on financial statements, identifying cost-saving opportunities that led to a 15% reduction in expenses.
  • Collaborated with cross-functional teams to optimize resource allocation, increasing operational efficiency by 25%.
  • Played a key role in an investment analysis project that resulted in a $500K cost-saving initiative.
  • Enhanced data accuracy in financial records, reducing reconciliation errors by 40% through improved documentation.

Education

Chartered Certified Accountant (ACCA) -

Association of Chartered Certified Accountants
UK
01.2020

BSc in Economics (Hons) -

The University of Nottingham
Nottingham, UK
01.2013

International Baccalaureate (IB) -

The Sultan's School
Muscat, Oman
01.2010

Skills

  • Financial Planning & Analysis (FP&A)
  • Budgeting & Forecasting
  • Financial Strategy & Leadership
  • Cost Optimization & Control
  • Revenue Growth & Profitability Enhancement
  • Financial Modeling & Data Analytics
  • Auditing & Internal Controls
  • Accounting & Financial Control
  • Variance Analysis & Performance Metrics
  • Business Process Automation
  • Investment & Risk Analysis
  • KPI Development & Performance Management
  • Change Management & Organizational Transformation
  • Strategic Decision-Making
  • Stakeholder & Board Reporting
  • Cross-Functional Leadership & Team Management
  • Process Improvement & Efficiency Enhancement
  • Vendor & Contract Negotiation

Languages

  • English- Proficient
  • Arabic- First language

Certification

  • Advanced Diploma in Accounting and Business - ACCA
  • ACCA Diploma in Accounting and Business - ACCA
  • Materials Management Certified - SAP Mawared Program
  • Integration of Business Processes in SAP ERP (TERP10) Certification - SAP Mawared Program

Achievements And Recognition

  • Star of the month Award - Etihad Airways
  • Strategic Professional Certificate - ACCA
  • Management Accounting Certificate of Achievement - ACCA
  • Financial Accounting Certificate of Achievement - ACCA

Timeline

Function Head - Financial Planning, Analysis & Budgeting

Oman Air
07.2024 - Current

Acting Vice President - Financial Reporting, Accounting & Systems

Oman Air
07.2024 - 12.2024

Acting Sr. Manager - Budgeting, Planning, Reporting, Taxation & Receivables

Oman Air
01.2023 - 07.2024

Manager Budgeting, Planning & Financial Control

Oman Air
07.2021 - 01.2023

Accounts Supervisor

TANMIA (Oman National Investments Development Company)
12.2020 - 07.2021

Manager Finance Business Partner - Commercial

Etihad Airways
01.2017 - 12.2020

International Assignee

Etihad Airways
04.2016 - 12.2016

Finance Graduate Manager

Etihad Airways
05.2014 - 03.2016

Chartered Certified Accountant (ACCA) -

Association of Chartered Certified Accountants

BSc in Economics (Hons) -

The University of Nottingham

International Baccalaureate (IB) -

The Sultan's School
Eathar Talib Al Bulooshi