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Senior Accountant (Oman)

Lockton

Muscat

On-site

OMR 20,000 - 35,000

Full time

17 days ago

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Job summary

Lockton is seeking a qualified Senior Accountant for their Oman team in Muscat. The successful candidate will handle all day-to-day finance operations, including financial reporting, compliance, and budgeting, in a hands-on role suitable for a self-sufficient professional. This role emphasizes independence and requires strong analytical and organizational skills.

Qualifications

  • Minimum of 5 years of progressive finance experience.
  • Proven track record managing finance functions independently.
  • Good understanding of Omani VAT and corporate tax requirements.

Responsibilities

  • Handle all journal entries, general ledger postings, and month-end closings.
  • Prepare and reconcile monthly financial reports.
  • Assist external consultants with corporate tax provisions and filings.

Skills

Attention to detail
Analytical ability
Organizational skills
Communication skills
Self-sufficiency

Education

Bachelor’s degree in Accounting
Recognized professional qualification (ACCA, ACA, CPA)

Tools

ERP systems
Advanced Excel skills

Job description

Lockton are actively seeking a qualified Accountant to join the growing Oman team in Muscat. 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.

Key Responsibilities

1. Core Accounting & 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.

2. 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.

3. 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 escalate overdue items.
  • Participate in monthly reviews of IBA balances, collections, and outstanding items.

4. 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.

5. 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.

6. 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.

Qualifications & Experience

  • Bachelor’s degree in Accounting, Finance, or related field.
  • Recognized professional qualification such as ACCA, ACA, CPA, or equivalent.
  • Minimum of 5 years of progressive finance experience, ideally in financial services or insurance.
  • Proven track record managing finance functions independently.
  • Good understanding of Omani VAT, corporate tax, and regulatory reporting requirements.
  • Hands-on experience with ERP systems and advanced Excel skills.
  • Familiarity with intercompany transactions and multi-entity structures.
  • Prior experience in GCC, preferably in Oman.

Key competencies

  • Highly self-sufficient and dependable in managing a standalone accounting function.
  • Strong attention to detail, analytical ability, and organizational 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.
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