Summary
Overview
Work History
Education
Skills
Software
Interests
Work Availability
Timeline
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Serdar Rezhepov

Serdar Rezhepov

Financial And Cost Control

Summary

With almost 9 years of experience in aviation finance and cost
control, I've developed a deep expertise in this field. I hold both
undergraduate and graduate degrees focused on aviation, further
underscoring my commitment. My journey has led me to work in 2
countries, 3 cities, and work in 4 airlines and a major tour operator.


This diverse exposure has granted me an intricate understanding
of aviation operations, solidifying my passion for the industry.
Through these varied experiences, I've not only gained valuable
insights into airline operations but also refined my skills in team
management, working with individuals from diverse backgrounds.


Armed with a unique blend of hands-on knowledge and academic
foundation, I'm poised to make a meaningful impact in aviation
finance/cost control. My journey has expanded my skill set and
fueled my eagerness to contribute to the industry's ongoing growth.

Overview

10
10
years of professional experience
8
8
years of post-secondary education
4
4
Languages

Work History

Aircraft Cost Control Assistant Manager

Odeon Tours A.S
Antalya
08.2020 - Current

As the Aircraft Cost Control Assistant Manager, I have been instrumental in overseeing and optimizing various aspects of financial and operational management. Here's a concise summary of my key responsibilities:

  • Financial Analysis and Flight Reconciliation: Conducted comprehensive financial analyses to evaluate and interpret financial performance in aircraft operations. Oversaw the reconciliation of flight-related expenses, ensuring accuracy and alignment with budgetary constraints
  • Cost Optimization Strategies: Developed and implemented strategies to optimize costs, ensuring efficient resource utilization. Also, implemented robust systems for precise tracking of costs, providing real-time insights into financial expenditures
  • Budgeting, Forecasting and Reporting: Led the budgeting and forecasting processes to facilitate proactive financial planning and resource allocation. Prepared detailed financial reports, offering a clear overview of the financial health and performance of aircraft operations.
  • Operational Efficiency Enhancement: Identified and implemented initiatives to enhance operational efficiency, contributing to overall performance improvement.
  • Team Leadership: Provided effective leadership to the team, fostering a collaborative and high-performance work environment.
  • Technology Integration: Integrated technological solutions to streamline processes, enhance accuracy, and improve overall efficiency in aircraft cost control.

In summary, my role as the Aircraft Cost Control Assistant Manager involved a holistic approach to financial analysis, cost optimization, vendor management, budgeting, operational efficiency, flight reconciliation, team leadership, and the integration of technology for the advancement of processes in aircraft cost control.

Control & Reporting Specialist

Onur Air Airlines
Istanbul
02.2020 - 08.2020

In my role in Control & Reporting, I focus on various key responsibilities:

  • DOC Calculations for Flight Routes: I prepare Direct Operating Cost (DOC) calculations for different flight routes, ensuring accurate and comprehensive assessments of operational expenses.
  • Airline Traffic Data Statistics with Power BI: I leverage Power BI to analyze and present airline traffic data statistics. This involves utilizing data visualization tools to extract meaningful insights and trends from complex datasets.
  • DOC Implementation and Calculation with Power BI: I use Power BI to implement and calculate DOC, streamlining the process and improving efficiency in cost analysis. This involves integrating data sources and creating dynamic reports.
  • Actual Flight Cost Reconciliation with Vendors: I actively reconcile actual flight costs with vendors, ensuring that expenses align with agreed-upon terms. This involves meticulous tracking and verification to maintain financial accuracy.

In summary, my role in Control & Reporting involves the precise calculation of DOC for flight routes, utilizing Power BI for in-depth analysis of airline traffic data, implementing and calculating DOC using Power BI for efficiency, and reconciling actual flight costs with vendors to ensure financial accuracy.

Head of Financial Control

Atlasjet Ukraine Airlines
Kyiv
11.2017 - 02.2020

As the Head of Financial Control at Atlasjet Ukraine Airlines, I played a pivotal role in financial oversight and reporting, contributing to the company's strategic decision-making process. Here's a summary of my key responsibilities:

  • Expense Forecasting: Forecasted company expenses on a quarterly, semi-annual, and annual basis, providing insights into the financial outlook and aiding in budgetary planning.
  • Financial Reporting: Prepared comprehensive financial reports, including Profit/Loss (P/L) reports and reports on the performance of flight routes, for presentation to the Executive Board. This involved detailing the financial health of the company.
  • ACMI&OVD Expense Forecast: Forecasted company Aircraft, Crew, Maintenance, and Insurance (ACMI) as well as Other Variable Direct (OVD) expenses on a monthly and annual basis, contributing to effective cost management.
  • ACMI&OVD&DOC Reporting: Prepared actual reports for ACMI, OVD, and Direct Operating Costs (DOC) for the Executive Board, ensuring transparency and accountability in financial performance.
  • CASK, RASK, and Yield Analysis: Conducted regular analyses of Cost per Available Seat Kilometer (CASK), Revenue per Available Seat Kilometer (RASK), and Yield on a monthly, quarterly, and annual basis, providing valuable insights into operational efficiency and revenue generation.
  • Flight Operational Profit/Loss Reporting: Prepared weekly Profit/Loss reports for individual flights, offering a detailed overview of the financial performance of each route to guide strategic decision-making. Also, generated daily operational Profit/Loss reports for flight routes, including passenger profiles, to provide a granular understanding of the financial aspects of daily operations.

In summary, my role as Head of Financial Control involved forecasting and reporting on various financial aspects, contributing to informed decision-making by the Executive Board and ensuring financial transparency and efficiency at Atlasjet Ukraine Airlines.

Cost Control Specialist

Atlasjet Ukraine Airlines
Kyiv
10.2015 - 10.2017

As a Cost Control Specialist at Atlasjet Ukraine Airlines, I played a critical role in ensuring financial accuracy and efficiency in various operational aspects. Here's a summary of my key responsibilities:

  • Flight Data Oversight: Ensured periodic monitoring and accuracy of flight data, contributing to the reliability of operational and financial information.
  • Direct Operational Cost (DOC) Invoices Control: Controlled Direct Operational Cost invoices in accordance with agreements, verifying adherence to contractual terms and identifying any discrepancies.
  • Invoice Accuracy and Timely Payment: Ensured the correctness of invoices and costs, coordinating their timely payment to maintain positive vendor relationships and financial accuracy.
  • Claims and Credit Notes Management: Managed claims and credit notes for incorrectly issued invoices, resolving discrepancies and optimizing cost management processes.
  • Cost Savings and Avoidance: Identified and implemented strategies for cost savings and cost avoidance, contributing to the overall financial efficiency of the airline.
  • Statistical Reports Preparation: Prepared statistical reports on a monthly, quarterly, and annual basis, covering passenger numbers, flight times (FT&BT), fuel consumption, and other relevant metrics. Also, prepared and submitted company traffic reports to regulatory bodies such as ICAO (International Civil Aviation Organization), IATA (International Air Transport Association), and CAA (Civil Aviation Authority), ensuring compliance with industry standards.

In summary, as a Cost Control Specialist, my focus was on meticulous oversight of flight data, invoice control, accuracy in financial transactions, claims management, cost optimization, statistical reporting, forecasting, and regulatory compliance at Atlasjet Ukraine Airlines.

Cost Controller

Atlasjet Airlines
Istanbul
03.2014 - 09.2015

As a Cost Controller at AtlasGlobal Airlines, I held a crucial role in maintaining financial precision and efficiency in various operational aspects. Here's a summary of my key responsibilities:

  • Flight Data Oversight: Ensured regular monitoring and accuracy of flight data, contributing to reliable operational and financial information.
  • Direct Operational Cost (DOC) Invoices Control: Controlled Direct Operational Cost invoices in accordance with agreements, verifying adherence to contractual terms and identifying any discrepancies.
  • Comprehensive Cost and Invoice Control: Managed and controlled invoices related to Ground Handling, Airport Charges, Fuel, Catering, Overflight, Pax Taxes, and other operational costs. This involved a meticulous review to ensure accuracy and compliance with agreements.
  • Ground Handling Cost Management: Oversaw and controlled costs associated with ground handling services, ensuring that expenses align with agreements and optimizing cost efficiency.
  • Airport Charges and Facility Costs Oversight: Controlled and monitored costs related to airport charges and facilities, ensuring accurate invoicing and adherence to budgetary considerations.
  • Fuel, Catering, Overflight, and Pax Taxes Control: Managed and controlled costs associated with fuel, catering, overflight charges, and passenger taxes, ensuring accurate billing and compliance with financial agreements.

In summary, as a Cost Controller at AtlasGlobal Airlines, my responsibilities encompassed meticulous oversight of flight data, comprehensive control of Direct Operational Cost invoices, and management of various operational expenses, including Ground Handling, Airport Charges, Fuel, Catering, Overflight, and Pax Taxes. This role contributed to the airline's financial accuracy and efficiency in cost management.

Education

Master of Science - Aviation Management

Anadolu University
Eskisehir, Turkey
02.2020 - 06.2021

Bachelor of Science - Civil Aviation And Management

Anadolu University
Eskisehir, Turkey
09.2007 - 09.2014

Skills

    Financial analysis

Software

Airmacro

Microsoft Excel

Power BI

Aviabit

Uipath

Interests

UiPath

RPA

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline

Aircraft Cost Control Assistant Manager

Odeon Tours A.S
08.2020 - Current

Master of Science - Aviation Management

Anadolu University
02.2020 - 06.2021

Control & Reporting Specialist

Onur Air Airlines
02.2020 - 08.2020

Head of Financial Control

Atlasjet Ukraine Airlines
11.2017 - 02.2020

Cost Control Specialist

Atlasjet Ukraine Airlines
10.2015 - 10.2017

Cost Controller

Atlasjet Airlines
03.2014 - 09.2015

Bachelor of Science - Civil Aviation And Management

Anadolu University
09.2007 - 09.2014
Serdar RezhepovFinancial And Cost Control