DEADLINE: 15/11/2024
Revenue Accounting Consultant
Full-time
We are hiring a Revenue Accounting Consultant
The airline has implemented the Amadeus Revenue Accounting system to manage its complex revenue accounting needs. The complexity of airline revenue accounting, driven by dynamic pricing models, ancillary revenues, and varied ticketing policies, requires specialized expertise. Uganda Airlines recognizes the need for expert guidance to build a robust Passenger Revenue Accounting (PRA) function that aligns with global standards and leverages technology for optimal revenue management. This focus aims to enhance revenue accounting processes to support growth and efficiency.
- Objectives of the Consultancy
The primary objectives are to:
- Perform a full assessment of current PRA processes within the first three months and implement at least three industry-standard improvements to enhance accuracy and efficiency by the end of the consultancy term.
- Deliver a comprehensive training program and transfer knowledge on critical revenue accounting areas, with a target of having 100% of the PRA team proficient in key processes within six months.
- Implement auditing controls and system optimizations to decrease identified revenue leakage by 20% within the first six months of consultancy.
- Ensure full compliance with IATA and IFRS standards within three months and establish documented procedures to support continuous improvement and regulatory adherence for future operations.
4.Scope of Work
The consultant will be expected to deliver on the following
# | Area of focus | Detail |
4.1 | Comprehensive PRA Assessment
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4.2 | Customized Training & Capacity Building
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4.3 | Revenue Leakage Minimization:
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4.4 | System Integration & Optimization:
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4.5 | Compliance & Regulatory Alignment:
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4.6 | Mentorship and support:
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4.7 | Revenue Accounting Support & System Integration
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4.8 | Interline Revenue Management:
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4.9 | Revenue Assurance & Audit:
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4.10 | Revenue Integrity & Assurance Services: |
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4.11 | Revenue Optimization through Analytics: |
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4.12 | Revenue Recognition & IFRS Compliance: |
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4.13 | Dispute Management & Interline Accounting: |
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4.14 | Advanced Financial Reconciliation: |
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4.15 | Knowledge Transfer & Documentation: |
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. Deliverables
# | Deliverable | Description | Timeline |
5.1 | Initial Assessment and Process Mapping Report | A comprehensive report detailing the evaluation of current PRA processes and system functionality, including complete process maps. This will highlight bottlenecks, inefficiencies, and provide actionable recommendations for optimization. | By the end of Month 1
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5.2 | Training Program and Materials | A tailored training program with session outlines, materials, and process mapping guides. The training will cover critical PRA processes and workflows, ensuring the team fully understands the optimized workflows. This program will be delivered over the first three months. | Completed by Month 3
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5.3 | Workshops and Hands-On Training Sessions | A series of practical workshops and on-site training sessions, running from the second to the sixth month. These sessions will cover key revenue accounting processes, integrating process mapping to ensure a clear understanding of each workflow and its improvements. | Ongoing from Month 2 to Month 6 |
5.4 | System Optimization and Process Integration Report | A detailed report summarizing the improvements made to the Amadeus Revenue Accounting system and the integration of these optimizations into the airline’s operations. Updated process maps will reflect the enhanced workflows and their alignment with industry best practices. | By the end of Month 6
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5.5 | Revenue Leakage Control Framework
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Development and implementation of an auditing and control framework to reduce revenue leakage. This framework will include process maps to identify and mitigate potential risks and inefficiencies in PRA workflows. | Implemented by Month 6 |
5.6 | Compliance and Process Documentation
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Comprehensive documentation, including Standard Operating Procedures (SOPs), guidelines, and process maps, ensuring all processes comply with IATA and IFRS standards. This will be submitted by the fourth month to institutionalize improved processes. | Completed by Month 4 |
5.7 | Ongoing Mentorship and Knowledge Transfer | Continuous mentorship and knowledge transfer from Month 1 to Month 12, with regular evaluations of the PRA team’s progress. Process maps will be utilized to enhance understanding and retention of the improved workflows. A final evaluation of the mentorship will be included in the closing report. | Throughout the Consultancy Term
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5.8 | Final Report | A conclusive report submitted at the end of the initial consultancy term, assessing the impact of the project, including measurable improvements in process efficiency, revenue assurance, and team competency. The final report will also include updated process maps of the optimized workflows and recommendations for future improvements. |
Consultant Qualifications
The ideal consultant should posses
- Extensive Experience in Airline Revenue Accounting: Demonstrated expertise in managing the airline revenue accounting function, including the ability to assess, optimize, and enhance critical PRA processesu 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.
- 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.
- Experience with Amadeus Revenue Accounting (Added Advantage): 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.
- 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.
- 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.
- Proposal Submission Requirements
Interested consultants should submit a proposal including:
- Technical Proposal:
- Methodology and approach for delivering the services outlined in the scope of work.
- Detailed work plan with timelines and deliverables.
- Consultant’s profile, highlighting relevant experience and qualifications.
- References from similar past engagements.
- Financial Proposal:
- Detailed cost breakdown, including professional fees, travel expenses, and other costs.
- Payment terms and conditions.
- Evaluation Criteria
Proposals will be evaluated based on the following:
- Relevance and quality of the proposed methodology and work plan.
- Consultant’s expertise and experience in airline revenue accounting.
- Cost-effectiveness of the financial proposal.
- References and past performance on similar projects.
- Contract term:
One (1) year renewable