Jobs in Oman - career in Oman - vacancies in Oman-General Manager - Finance & Procurement - Green Umbrella Recruitment-Jobs in Oman - career in Oman - vacancies in Oman
Purpose:
Head of the finance and procurement team that ensures all financial transactions for MHD LLC and its subsidiaries are timely met
Summary of the Job Role:
Supervise, guide, develop sound accounting systems and practices, direct the team to meet the objectives of timely Financials, MIS, budgets and management information needs, risk mitigation thru well oiled internal control checks.
Authorities:
Financial: Budget review and fix budget guidelines
People: Training and development of reportees
Appraisal of employees
Leave authorization of employees
Key Outputs:
- Review, monitor, analyze and present monthly MIS i.e. business unit-wise performances with further profit center-wise break-up vis-à-vis budgets and variance analysis, participating in monthly reviews with shareholders and Business Heads. Provide financial and accounting support to Unit Heads. Reviewing the MIS, financials of subsidiaries and associate concerns.
- Review, monitor and present monthly financial statements in compliance with International Accounting Standards, map the financials with MIS, their reconciliation with MIS and analyze the variance, review of general ledger, accounts payable and accounts receivable. Present annual consolidated financial statements
- Fix Budget Guidelines, review budgets with Unit Heads and present annual Budgets including capital expenditure budgets.
- Discharge Treasury functions - interacting with banks for facilities, negotiating tariffs, deposit rates, managing cash flows, forex risk exposure, deposits, structure products to mitigate risks and maximize yields etc
- Overseeing and discharging procurement and logistic function - review of tenders estimates, risk assessments, commercial contracts, negotiation, vetting of agreements, ensuring logistics and custom clearances
- Discharge credit control function - review and compliance of company’s credit policy, credit appraisals, review and setting up credit limits of customer, oversee credit outstanding in terms of no of days sales, market intelligence on customer’s credit ratings etc
- Review of internal controls and checks, systems on continuing basis and suggest modifications and system development to meet changing business environment
- Interaction with external auditors in presenting our financial statements and ensuring compliance with international accounting standards.
- Review of risks vis-à-vis insurance contracts/policies, liaising with insurance brokerage companies to minimize insurance costs without sacrificing the benefits, review of claim settlements etc
- Investment opportunities review and analysis
- Review and ensuring compliance Tax Laws -Annual returns, NOC’s, withholding Tax, Assessments, Appeals etc with motto of pay right taxes but not everything asked by tax authorities, if you have grounds to fight back
Relationships:
Internal
All departmental heads
Chairman/Chairperson
External
Auditors
Banks
Customers
20%
10%
30%
10%
10%
5%
5%
3%
2%
2%
5% Qualifications:
Graduation in commerce and a certified Chartered accountant with any internationally reputed institution
Skills/Knowledge:
- Excellent written and oral communication skills.
- Demonstrated experience in financial/cost accounting.
- Advanced user of MS office and exposure to various ERP software’s
- Proficiency in operating ERP systems
- Exposure to manufacturing companies; costing, treasury operations
- Experience in ERP implementation desirable.
- Excellent analytical skills and problem solving skills
- Excellent team player, motivator and people handling skills
- Ability to lead a team
- Excellent stress management ability
Experience:
10-15 years in the accounting field with at least 3 years in a similar role being able to handle financials of huge Multi business organizations
Job Details
| Date Posted: |
2017-10-30 |
| Job Location: |
Muscat, Oman |
| Job Role: |
Accounting and Auditing |
| Company Industry: |
Manufacturing |
Preferred Candidate
| Career Level: |
Executive/Director |
| Degree: |
Master's degree |
Jobs in Oman - career in Oman - vacancies in Oman-General Manager - Finance & Procurement - Green Umbrella Recruitment-Jobs in Oman - career in Oman - vacancies in Oman
