itialuS Global
Senior Finance Manager Jobs in Oman
Required Skills and Qualifications:
a. Bachelor’s Degree / Master’s in Accounting local or international
b. CA, CMA, ACCA, CIMA will be advantage
c. Minim 10 years of experience in finance
I. Ability to build a strong financial position of the company.
II. Ability to develop and execute strategy to set up all kind of financial and accounting systems.
III. knowledge of key cost drivers
IV. Strong collaboration skills, across the business, at various levels of management
V. Knowledge of key process related to finance and accounts and costing, taxation function in a FMCG company
VI. Good knowledge of IFRS, GAAP, accounting standards and established rules and regulations
VII. Knowledge of the financial systems and procedures required in a FMCG/manufacturing company
VIII. Expert knowledge of accounting packages like SAP, Oracle or equivalent
IX. Experience of planning, budgeting, and forecasting
X. Financial acumen to understand and interpret numbers
XI. Conversant with inventory management software and best practices for stores and inventory management.
XII. Excellent written & verbal communication / presentation skills
XIII. Team player with excellent motivational skill
What we expect:· Establish financial plan for short and medium term, assist in leading financial strategy of the company by establishing the financial plans, budgets as per market segmentation and identifying growth opportunities
· Estimate Capital and Operating expenditure required to meet company plans
· Make, review, and validate the financial plans according to the business needs and within business plan
· Oversee all company accounts and investments, Examine all financial reports and data closely check for discrepancies
· Suggest updates and improvements for accounting systems, including payroll and invoicing
· Research technical accounting issues for compliance, Develop and document business processes and accounting policies to maintain and strengthen internal controls
· Issue timely and complete financial statements for review and approval
· Oversee the preparation of the corporate annual report
· Recommend benchmarks against which to measure the performance of company operations
· Calculate and issue financial and operating metrics, Manage the production of annual budget and forecasts
· Calculate variances from the budget and report significant issues to the Management
· Provide management cost reports, Provide financial analyses as needed; especially for capital investments, pricing decisions, and contract negotiations
· Develop procedures for, overseeing and report findings of internal audit
· Comply with local, state, and federal government reporting requirements and tax filings
· Comply with IFRS requirements, Ensure filing of quarterly and annual reports with Capital Market Authority, Oman
· Coordinate for providing information to external auditors for the annual audit
· Monitor debt levels and compliance with debt covenants
· Maintain a documented system of accounting policies and procedures, chart of accounts
· Review bank reconciliations, loan schedules, management fees, etc.
· Oversee operation of financial accounting section including Billing, Account Receivables, Account Payable, General Ledger and reconciliation, Cost Accounting, Inventory Accounting and Revenue Recognition.
· Ensure Accounts payable are paid in a timely manner & Accounts receivable collected promptly. Ensure that prescribed accounting standards and established rules and regulations are followed while estimating standard costs for products and inventory value
· Validate integrity of financial modelling utilized, Develop strategy to Prepare, maintain and analyse product standard costs (for all product lines/processes)
· Develop strategy for preparation of standard labour and overhead burden rates and related inventory revaluation for the company
· Develop strategy for establishing cost of production for all product lines for the Operations & Sales , Prepare Break-Even analysis
· Support Procurements & contracts functions will operate efficiently and effectively
· Support best practices are adopted while maintaining stores and inventory
· Support for availability of accurate and timely information with regards to stores/inventory, Safe guard the fixed assets by insurance , Make FAR on quarterly basis