Finance Manager (EMDAD)

Port of Duqm Company SAOC; Muscat; On-site; OMR 17,000 - 26,000; Full time

Job summary

Port of Duqm Company SAOC seeks an experienced finance professional to supervise accounting services, oversee audits, and ensure compliance with company policies in Oman.

You will manage the general ledger, payroll approvals, reconciliations, asset records, tax declarations, and prepare financial statements, while training local staff and supporting internal and external auditors.

Qualifications

• Bachelor degree in Finance or Accounting; Master preferred.
• Minimum of 10 years in corporate accounting with 3–4 years in supervision.
• Strong knowledge of accounting principles; ERP and accounting procedures.

Responsibilities

• Supervise and monitor accounting services and audits on payables/receivables and financial statements.
• Review statements, reconcile accounts, and ensure compliance with procedures.
• Manage general ledger processes and accounting entries.
• Review and approve payroll payments; safeguard supporting documents.
• Monitor receivables/payables, write-offs, and adjustments.
• Ensure timely collection of receivables and timely bank payments.
• Prepare and authorize end-of-period adjustments and financial statements.
• Provide guidance and training for Oman-based accountants.

Education

Bachelor degree in Finance, Accounting

Master degree preferred

Job description

To supervise and monitor accounting services and audit on all payables and receivables transactions and financial statements in-line with standard accounting requirements and company rules and regulations.

2. Duties and Responsibilities

Operational:

• 1. Perform standard accounting functions such as; the reviewing and correction of statements, supervising reconciliation of accounts in the various ledgers, and ensuring they are compliant with Company procedures.
• 2. Supervise the processing of all accounting transactions and the maintenance of accounting books, registers, and files to meet legal, managerial, and governmental requirements.
• 3. Ensure matching of revenue & costs and ensure accruals are made in a timely manner.
• 4. Manage the General ledger process while ensuring the preparation and recording of accounting entries.
• 5. Review and approve all Payroll related payments in line with the company HR policies and procedures; maintain and safeguard supporting documents of all accounting transactions.
• 6. Monitor accounts receivables and payables transactions, write-offs, and adjustments.
• 7. Ensure accuracy of the account’s receivables and payables and their alignment with the set rules and regulations.
• 8. Ensure claims and accounts payables are properly documented, followed-up, and settled.
• 9. Ensure accounts receivables are collected in a timely manner as and when due to ensure adequate balance in the banks.
• 10. Monitor bank payments assuming responsibility for any deviations ensuring compliance with required by laws and statutes.
• 11. Review and approve all high value invoices for payment and ensure compliance with the contractual terms and conditions in a timely manner.
• 12. Obtain authorization for exceptional and high value payments to vendors and suppliers not in due time and ensure alignment of payments with the department’s guidelines and company’s regulation.
• 13. Control and oversee the expenditure process to ensure adherence to the budget guidelines and company’s regulations.
• 14. Review and audit on reconciliation functions pertaining to various expenditures items and accounts; reconcile bank accounts and perform necessary adjustments when necessary.
• 15. Manage the fixed asset process while ensuring the maintenance of fixed asset records and related depreciation accounts.
• 16. Provide interpretative assistance as to the proper capitalization/expensing of outlays and classification of fixed assets, as well as depreciation methodology.
• 17. Maintain and control all departmental data to meet the requirements of Internal and External Auditors to ensure accuracy of information.
• 18. Provide Internal and External Auditors access to accounting documents and files, as per the Head of Finance instructions.
• 19. Prepare and ensure authorization of company’s income tax, other taxes and declarations and submit them to the Ministry of Finance.
• 20. Impose all relevant departmental policies, processes, standard operating procedures, and instructions in the Accounting Section so that work is carried out in a controlled and consistent manner.
• 21. Ensure that all accounting transactions are properly supported and recorded as per generally accepted accounting principles & company’s accounting policies & procedures.
• 22. Perform all tasks related to placing and renewal of time deposits ensuring compliance with company policy and guidelines.
• 23. Oversee the timely settlement of payables in accordance with policies and procedures.
• 24. Provide guidance and training for Omani Accountants & staff.
• 25. Participate in the development of annual plan and budget of the company.
• 26. Ensure the timely and accurate generation of company’s financial statements.
• 27. Review weekly reports prepared by his/her subordinates in order to ensure transparency of necessary payable information.
• 28. Review monthly vendor statements and resolve any problems or discrepancies in order to ensure smooth payable operations.
• 29. Compile and analyze financial information.
• 30. Assist in the generation of timely and accurate departmental reports to meet company and department requirements, policies and standards.
• 31. Prepare reports and other management information as required, while conducting additional research when necessary.
• 32. Prepare and ensure authorization of end-of-period adjustments and financial statements.

People Development:

• 33. Lead department contribution to Port of Duqm’s Omanization targets through the setting of goals/KPIs in relation to the hiring and development of Omani Nationals into the workforce.
• 34. Embrace and drive continuous Human Capital improvements through business-driven initiatives.
• 35. Complete the necessary tasks as requested by Management/Directors on people development areas.

MINIMUM EDUCATION & QUALIFICATIONS

Education:

• – Bachelor degree in Finance, Accounting, Master degree is preferred or as approved in the Minimum Qualifications and Experiences matrix.

Experience:

• – Minimum of 10 years of relevant work experience in corporate industry with 3-4 years in supervisory level or as approved in the Minimum Qualifications and Experiences matrix.

Special Skills & Knowledge:

• – Strong Knowledge of Accounting Principles
• – Analytical skills
• – Knowledge of ERP & Accounting procedures