Accounting Manager

Meranti Green Steel; Muscat; On-site; OMR 15,380 - 26,915; Full time

Job summary

Meranti Green Steel is seeking an Accounting Manager for their operations in Oman. This role involves establishing the accounting function and ensuring compliance with financial reporting standards. You will lead a local team, develop accounting policies, and work closely with the Regional Finance team in Singapore.

The ideal candidate will have substantial experience in accounting, particularly in start-up and greenfield projects. An understanding of IFRS regulations is essential, and fluency in English is required for this position.

Qualifications

• Minimum 8–10 years of progressive accounting and finance experience.
• At least 3–5 years in a managerial or supervisory role.
• Experience in start-up, greenfield projects, or construction environments beneficial.
• Fluency in English required.

Responsibilities

• Establish and manage the accounting function for the Oman entity.
• Develop accounting policies and internal controls.
• Ensure compliance with IFRS and Group policies.
• Serve as primary coordinator for audits.

Skills

Accounting and finance experience

Start-up project experience

Managerial skills

IFRS Financial Reporting

External and Internal Audit Coordination

Tax and Regulatory Compliance

Education

Bachelor's Degree in Accounting, Finance, or related discipline

Professional qualification (CPA, ACCA, CA, CMA)

Tools

ERP Systems (SAP, Oracle, Microsoft Dynamics)

Job description

Purpose / Mission

The Accounting Manager will be responsible for establishing and leading the accounting and financial reporting function for the Company's operations in Oman. This role will play a key part in setting up accounting processes, internal controls, statutory compliance, and financial reporting systems during the project development, construction, and operational phases.

In addition to local responsibilities, the position will work closely with the Regional Finance team in Singapore to support group reporting, consolidation, external audits, and corporate finance initiatives across the organization.

The successful candidate must be hands‑on, capable of building accounting processes from the ground up, and comfortable working in a dynamic multinational environment.

Key Responsibilities

Accounting Operations & Financial Reporting

• Establish and manage the accounting function for the Oman entity from start-up phase through operational readiness.
• Develop accounting policies, procedures, and internal controls in accordance with Group requirements and applicable accounting standards.
• Ensure accurate and timely recording of financial transactions.
• Manage the general ledger, fixed assets, accounts payable, accounts receivable, and cash management activities.
• Oversee monthly, quarterly, and annual financial closing processes.
• Prepare accurate financial statements and management reports.
• Ensure compliance with IFRS and Group accounting policies.

Project & Construction Accounting

• Support accounting activities during project development and construction phases.
• Monitor project expenditures, capital work‑in‑progress (CWIP), and capitalization processes.
• Coordinate with Project Controls and Procurement teams to ensure accurate financial recording of project costs.
• Track capital expenditures and ensure proper accounting treatment.
• Support financial reporting related to EPC contracts and project investments.

Statutory Compliance & Taxation

• Ensure compliance with Oman statutory accounting requirements.
• Coordinate with external consultants, auditors, and regulatory authorities.
• Manage corporate tax, VAT, withholding tax, and other applicable regulatory filings.
• Ensure timely submission of statutory financial statements and regulatory reports.
• Monitor changes in accounting, tax, and regulatory requirements.

Internal Controls & Governance

• Establish and maintain effective internal control systems.
• Ensure compliance with Group financial policies and corporate governance requirements.
• Implement financial controls to safeguard company assets.
• Support internal audit activities and management action plans.
• Drive continuous improvement initiatives within finance processes.

Audit & Group Reporting

• Serve as the primary coordinator for external and internal audits.
• Support annual Group audit requirements and consolidation activities.
• Prepare audit schedules, reconciliations, and supporting documentation.
• Liaise with Group Finance and Regional Finance teams regarding audit matters.
• Ensure timely resolution of audit findings and recommendations.

Regional Finance Support

• Work closely with the Regional Finance team based in Singapore.
• Support monthly, quarterly, and annual Group reporting requirements.
• Assist with financial consolidation and intercompany reconciliation processes.
• Support implementation of regional finance initiatives, systems, and process improvements.
• Participate in regional finance projects and special assignments as required.

Treasury & Cash Flow Management

• Monitor cash flow requirements and liquidity planning.
• Coordinate banking relationships and treasury activities.
• Support funding requests, capital injections, and financial transactions.
• Ensure effective cash management and financial controls.

Team Leadership

• Build and develop the local accounting team as the business grows.
• Provide coaching and technical guidance to finance personnel.
• Foster a culture of accountability, compliance, and continuous improvement.
• Collaborate effectively with cross‑functional teams including Operations, Procurement, HR, and Project Management.
• Support the CFO and Director Finance in all relevant tasks where requested.

Requirements / Skills / Experience

• Minimum 8–10 years of progressive accounting and finance experience.
• At least 3–5 years in a managerial or supervisory role.
• Experience in start‑up, greenfield projects, construction, manufacturing, industrial, energy, mining, or heavy industry environments is highly preferred.
• Experience working within multinational organisations and regional reporting structures.
• Experience supporting external audits and Group consolidation processes.
• IFRS Financial Reporting
• Group Consolidation
• External & Internal Audit Coordination
• Project Accounting & CAPEX Management
• Internal Controls & Compliance
• Tax & Regulatory Compliance
• Financial Close Management
• ERP Systems (SAP, Oracle, Microsoft Dynamics, or equivalent)
• Financial Analysis & Reporting

Required Education / Qualification / Training

• Bachelor's Degree in Accounting, Finance, or related discipline.
• Professional qualification such as CPA, ACCA, CA, CMA, or equivalent is preferred.

Required Language Proficiency

English ‑ Fluent