Sr/ Specialist Financial Accounting

Oman Investment Authority; Muscat; On-site; OMR 15,000 - 23,000; Full time

Job summary

Oman Investment Authority seeks a Senior Financial Accounting specialist to deliver robust accounting services under the Manager Financial Accounting. You will run monthly, quarterly, and year-end closes, consolidate group results, and ensure IFRS alignment and CMA MSX guidelines.

The role requires strong technical and reporting skills, collaboration with treasury, legal and tax teams, and a drive for continuous improvement in accounting processes.

Qualifications

• Bachelor's degree in finance or related field.
• Professional accounting certification desirable.
• Experience with SAP and financial reporting systems.

Responsibilities

• Execute monthly, quarterly, half-year and year-end management reporting and group reporting.
• Prepare consolidated financial statements, balance sheets and cash flow statements.
• Collaborate with internal teams to develop financial reports and insights.
• Support in maintaining the Company accounting manual aligned with Group policy.
• Assist in budgeting and monitor performance against budget.

Skills

Teamwork skills

Analytical skills

Planning skills

Forward thinking

Report writing

Communication skills

Problem solving

Interpersonal skills

Education

Bachelor's degree in finance or related field

Professional accounting certification

Tools

SAP

MS Office

Job description

Stream

OQ RPI

Function

Finance RPI Control

Location

Muscat Sohar

Reporting to

Manager Financial Accounting

Job purpose

Executes Financial Accounting activities under Manager Financial Accounting scope acting as senior specialist and team player for Financial accounting services through 1 Executes the non-standard accounting 2 Cross functional and cross business monthly quarterly and annual process for closing the books and consolidating the financial results 3 Executes group accounting standards and local GAPP IFRS and 4 contribute to maintain the Company Accounting Policy Manual in order to support financial goals and objectives of the Company while ensuring compliance with both local and international accounting standards for all group entities The position will act in accordance with the Company s Mission Vision Values & Strategies as well as policies guidelines and international standards supported by an IT Technology platform HSE standards Omani s government & other legal justifications and best international practices in consonance with national objectives

Main tasks and responsibilities

Executes monthly quarterly half year and year end Management reporting Group Reporting including statutory and consolidation Executes external reporting as per Local IFRS and as per CMA MSX Group guidelines Executes closing processes maintains close calendars and all related close and consolidation procedures and controls Prepares compilation of consolidated balance sheets income statements statements of cash flows and other financial statements Works collaboratively with the financial accounting team to develop financial reports to assists financial reporting analysis and business needs Gathers and evaluates information gathered from multiple sources in order to provide insights into business issues and recommend action plan to the functions Build a robust consolidated reporting package includes but is not limited to OQ RPI Logistics Polymer Marketing International Offices Statutory & Government reporting Coordinate with internal auditors state auditors and statuary auditors to satisfy their requirements Execute pre- procurement activities of the financial accounting team Assists in developing maintaining the Company accounting manual consistent with the Group policy and relevant accounting standards Assist in compiling the budget of financial accounting team and monitor the actual performance of the team against the budget Fosters an environment in which employees are actively encouraged to identify and implement departmental and company-wide continuous and quality improvement initiatives Executes non-standard and complex accounting such as impairment test for non-financial assets employee benefits site restoration intangibles Supports in preparation of technical accounting papers on complex accounting areas such capitalization investments derivatives merger impairment etc Works closely with other departments like treasury Commercial Operation legal and tax Collaborates effectively with managers in areas of responsibility to ensure that department objectives performance metrics quality measures and budget targets are achieved

Key interactions

• Internal RPI
• External Shareholder
• Government State and external auditors
• Lenders
• Consultant

Working Conditions

Office environment intensive computer screen use sporadic visits to operation site

Language

Exceptional knowledge of written read and spoken English required Arabic - Native desirable

Background and experience

Competencies and skills Bachelor Snr Specialist 6-8 years of relevant experience Specialist 5 Years of relevant experience Capabilities in a similar role will be preferred Experience in Non-Standard Accounting Oil and Gas Energy industry experience essential Deep working understanding of financial reporting and analysis Experience in dealing with third parties such as state audit MoF lenders and investors

Competencies and skills

Soft Teamwork skills Analytical skills Planning skills Forward thinking Excellent business and technical report writing skills Thrives when facing ambiguity and complexity willingness to explore multiple solutions to a problem Strong communicator both written and verbal comfort with presenting to all levels of the organization Excellent interpersonal and communication skills in particular listening oral written presentation and influencing skills with a track record of forging strong working relationships with stakeholders Excellent problem-solving and analytical skills able to assimilate a wide range of information quickly in order to develop an understanding of complex projects

Technical

Exceptionally good knowledge in using PC software Knowledge of SAP English fluent required Arabic is an advantage Proven effectiveness in accounts payable execution MS Office applications

Education requirements

Bachelor s degree in finance or related field | Professional Accounting certification (desirable)