Director/ Manager - Finance

Oman Investment Authority; Muscat; On-site; OMR 60,000 - 80,000; Full time

Job summary

The Oman Investment Authority is seeking a financial leader to manage the financial strategy and fiscal responsibilities for ASAAS and its subsidiaries. The ideal candidate should have over 15 years of experience in finance, preferably in development and investment sectors.

The candidate will oversee budgeting, financial forecasting, and compliance, while also advising on investments and maintaining relationships with key stakeholders. A preferred MBA/M.Sc. or ACCA/CFA degree is required for this pivotal role.

Qualifications

• 15+ years of experience in the field of finance.
• Experience in development, investment, and real estate preferred.

Responsibilities

• Lead planning and management of financial strategy for ASAAS and subsidiaries.
• Provide strategic inputs for business strategy and develop business plan.
• Monitor financial planning, budgeting, and accounting compliance.

Skills

Financial strategy management

Investment advisory

Financial forecasting

Budget development

Relationship management

Education

MBA/M.Sc. or ACCA/CFA

Bachelor’s degree in Finance, Business, or Economics

Job description

Key Responsibilities

• Lead and direct planning, implementation, and management of financial strategy and fiscal responsibilities for ASAAS and its subsidiaries.
• Provide strategic inputs for the ASAAS business strategy and lead the creation of the detailed business plan.
• Perform financial planning, budgeting, forecasting, accounting, and reporting in compliance with accounting standards.
• Provide advisory on investments from a financial standpoint and lead the process of securing funding for ASAAS projects.
• Act as an advisor to ASAAS leadership on all finance‑related matters, support creation of the business strategy, and contribute to the detailed business plan aligned with strategic objectives.
• Assess the viability of investments and ensure accessibility to funds for ASAAS and its subsidiaries.
• Provide executive‑level support to the management board of directors and relevant external authorities on financial matters.
• Develop and maintain finance policies, processes, and procedures in line with local regulations and international best practices.
• Maintain strong business relationships with key stakeholders such as shareholders, authorities, and banks.
• Critically evaluate new projects and strategic initiatives from a financial and risk perspective.
• Develop periodic financial statements (balance sheet, income statements, and other reports) monthly, quarterly, and annually, and share with stakeholders to inform decision‑making.
• Lead all accounting activities in line with accounting standards, oversee the General Ledger, and manage timely reconciliation of bank accounts.
• Oversee accurate processing of employee payroll and timely disbursement of payments to vendors, suppliers, and third‑party consultants.
• Evaluate tax structure options, design and implement an optimized structure, and oversee preparation and filing of taxes such as income tax, withholding tax, VAT, etc.
• Lead audit activities for the Annual AGM approvals of financials.
• Develop and monitor the annual budget in collaboration with other departments, monitor the financial plan, and manage variances to develop cost‑optimization opportunities.
• Assist top management and investors in decision‑making by leading development of financial models, forecasting, and analysis to recognize trends and business expansion opportunities.
• Develop and implement processes and systems to raise, deploy, and manage funds and report cash flow, participate in securing financial deals, and negotiate financing for the business and its projects.
• Provide ad‑hoc advice on various business transactions and dealings.
• Develop monthly cash‑flow variance reports and capital expenditure reports.
• Maintain relationships with financial institutions and proactively seek new investors for ASAAS.
• Oversee and support continuous improvement in financial and reporting systems and implement initiatives recommended by risk and audit teams.
• Lead asset portfolio monitoring and oversee retail development and leasing activities to enhance returns.
• Ensure operationalisation and effective management of the asset portfolio of ASAAS assets.

Education

Preferred MBA/M.Sc. or ACCA/CFA degree. Bachelor’s degree from accredited institutions in Finance, Business, Economics, or any equivalent degree.

Experience

15+ years experience in the field of finance. Experience in development, investment, and real estate preferred.