Senior Accountant

Lockton; Muscat; On-site; OMR 12,000 - 21,000; Full time

Job summary

Lockton are hiring a Senior Accountant in Oman to manage the full spectrum of day-to-day finance and accounting operations for the Oman entity. The role covers bookkeeping, financial reporting, insurance broking finance (IBA and Non-IBA), tax filings, compliance, audits, budgeting support and cash flow monitoring.

The candidate should be self-sufficient, detail-oriented and able to operate in a lean setup with minimal supervision, liaising with auditors, banks and consultants as required.

Qualifications

• Bachelor’s degree in accounting or finance.
• ACCA, CPA or CMA preferred but not mandatory.
• Minimum 5 years of relevant finance/accounting experience.
• Experience in insurance, financial services, or a regulated sector preferred.
• Good knowledge of Oman VAT and corporate tax regulations.
• Hands-on experience with ERP systems and advanced Excel skills.
• Familiarity with intercompany transactions and multi-entity structures.

Responsibilities

• Handle journal entries, general ledger postings, and month-end closings including accruals and prepayments.
• Maintain complete and accurate financial records in IFRS and internal policies.
• Prepare monthly financial reports, revenue forecasts, and cost allocations.
• Conduct balance sheet reconciliations and ensure audit-readiness.
• Reconcile monthly revenue for Employee Benefits and General Insurance lines.
• Generate and review unallocated cash reports and reconcile discrepancies.
• Process supplier invoices, employee expenses, and direct payments.
• Reconcile supplier statements and track outstanding payments.
• Perform monthly bank reconciliations and cash book accuracy.
• Prepare cash flow forecasts and monitor working capital needs.
• Liaise with banks on routine transactions, payments, and collections.
• Allocate insurance receipts and disbursements within the broking system; reconcile insurer accounts and monitor receivables.
• Review unallocated cash balances and resolve issues with internal teams.
• Implement credit control processes; perform ageing reviews and escalate overdue items.
• Participate in monthly reviews of IBA balances, collections, and outstanding items.
• Assist external consultants and regional tax team with VAT provisions, calculations, and filings.
• Ensure timely VAT and WHT returns with tax advisors.
• Coordinate audit processes and provide required schedules and documentation.
• Ensure regulatory filings (including XBRL) are met on time.
• Support annual budgeting and forecasting cycles with data inputs and insights.
• Monitor performance against budget and explain variances.
• Maintain internal controls and segregation of duties; suggest improvements.

Skills

Attention to detail

Analytical ability

Self-sufficient

Auditors liaison

Education

Bachelor’s degree in accounting or finance

ACCA/CPA/CMA (preferred)

Tools

ERP systems

Excel

Job description

Lockton are hiring for a Senior Accountant to join the team in Oman.

The Senior Accountant will be responsible for independently handling the full spectrum of day-to-day finance and accounting operations for the Oman entity. This includes bookkeeping, financial reporting, insurance broking finance (IBA and Non-IBA), tax filings, compliance, audits, budgeting support, and cash flow monitoring. This is a hands‑on role suited for a self‑sufficient accounting professional who can manage the finance function in a lean, operational setup.

Core Accountant & Financial Reporting

• Handle all journal entries, general ledger postings, and month-end closings including accruals and prepayments.
• Maintain complete and accurate financial records in compliance with IFRS and internal policies.
• Prepare and reconcile monthly financial reports, revenue forecasts, and cost allocations.
• Conduct detailed balance sheet reconciliations and ensure all accounts are audit-ready.
• Reconcile monthly revenue for Employee Benefits (EB) and General Insurance (GI) business lines.
• Generate and review monthly unallocated cash reports; reconcile discrepancies and ensure prompt allocation.

Payables, Receivables & Treasury

• Process and verify supplier invoices, employee expenses, and direct payments in line with policy and approvals.
• Reconcile supplier statements, resolve discrepancies, and track outstanding payments.
• Execute monthly bank reconciliations and maintain cash book accuracy.
• Prepare cash flow forecasts and monitor working capital needs.
• Liaise with banks on routine transactions, payments, and collections.

Insurance Broking Finance (IBA)

• Allocate all insurance receipts and disbursements within the broking system accurately and promptly.
• Perform monthly reconciliation of insurer accounts and monitor commission receivables.
• Review and clear unallocated cash balances and resolve technical issues with internal teams.
• Implement and maintain credit control processes; perform regular ageing reviews and escalates overdue items.
• Participate in monthly reviews of IBA balances, collections, and outstanding items.

Tax & Regulatory Compliance

• Assist external consultants and the regional tax team with corporate tax provisions, calculations, and filings.
• Ensure timely and accurate submission of VAT and WHT returns in coordination with the tax advisors.
• Coordinate audit processes from start to finish, providing all required schedules and documentation.
• Ensure all regulatory requirements and filings (including XBRL) are met accurately and on time.

Budgeting & Forecasting

• Support annual budgeting and periodic forecasting cycles with data inputs and financial insights.
• Monitor performance against budget and highlight significant variances with explanations.

Controls, Compliance & Improvements

• Maintain proper internal controls, document flows, and segregation of duties (where feasible).
• Ensure all processes comply with internal policies, audit standards, and regulatory expectations.
• Identify and recommend process improvements to streamline finance operations and enhance accuracy.

Required Qualifications

• Bachelor’s degree in accounting or finance.
• Professional qualification (e.g., ACCA, CPA, CMA) preferred but not mandatory.
• Minimum 5 years of relevant finance/accounting experience.
• Experience in insurance, financial services, or a regulated sector preferred.
• Good knowledge of Oman VAT and corporate tax regulations.
• Hands-on experience with ERP systems and advanced Excel skills.
• Familiarity with intercompany transactions and multi‑entity structures.

Key Competencies & Attributes

• Highly self‑sufficient and dependable in managing a standalone accounting function.
• Strong attention to detail, analytical ability, and organisational skills.
• Proactive, hands‑on, and willing to handle both routine and complex tasks.
• Comfortable working in a small team with minimal supervision.
• Good communication and interpersonal skills, especially in liaising with external auditors, banks, and consultants.

About Lockton MENA

Headquartered in Dubai (UAE), with 500+ associates providing (re)insurance and people solutions, we have strength in handling major corporate clients in UAE and throughout the region. Offering innovation in our solutions, we service clients across the Middle East, North Africa and Pakistan customising the best protections for them.

Lockton MENA was the first broker to achieve its own Lloyd’s Broker license in the Middle East and holds an exclusive global partnership with the Chartered Insurance Institute (CII) under the International Professional Partner Firm (IPPF), demonstrating high professional standards and best practices, that distinguish the company among its peers in the industry.

From our headquarters in Dubai, Lockton MENA has expanded operations into the UAE, Egypt, Jordan, Morocco, Oman and the Kingdom of Saudi Arabia.