Purpose:
Divisional Finance Manager ensures that transactions are recorded accurately particularly receipts, payments and ledger transactions to facilitate accurate and timely reporting to the management ensuring compliance with the organisation’s policies and procedure
Part of operational team ensuring compliance of financial policies and procedures.
Summary of the Job Role:
Supervise the tasks performed by accounting staff to ensure proper record keeping and timely reporting.
Accounts monitoring, involved in budgeting, reporting communication and liaison.
Authorities:
- People: Approve leave and official trips to Accountants and Senior Accountants
- LPO: Sign LPO for less than RO 500 in respect of local purchases.
- Petty cash bills: Approve petty cash bills for less than RO 50.
- On job training for reportees
- Vetting & Approval of Sales for accounting in the Management Information Systems.
- Vetting & Approval of Request to Orders, Costing sheets of quotations, tenders and other routine documents including petty cash vouchers, Overtime, Sales below costs etc. These approvals are based on the checking of the financial aspect of transactions & will be subject to the final
Key Outputs:
- Ensure timely updation of all transactions in the ERP system to facilitate generation of reports, budgeting and Business Performance Review.
- Ensure prompt reporting of exceptions/deviations to facilitate timely corrective actions.
- Vetting of Request to Orders for Overseas Procurement with reference to appropriate parameters and to F&P HO as per company policy
- Ensuring claims are lodged with Principals and follow up of the claims on damages/ shortages.
- Assets management – Ensure additions and disposals of fixed assets and deprecation charge are properly accounted
- Banking – Verify that collections are promptly accounted and deposited.
- Receivables – Generate necessary reports for follow-up of collections with Sales department in respect of unapproved sales and coordinate with HO for approved sales.
- Payables – Ensure Suppliers’ bills are properly verified and accounted.
- Sales - Ensure all dispatches are invoiced and all error logs/reports are cleared promptly
- Payments - Ensure supplier and other payments are made on due dates.
- Reconciliations - Ensure timely preparation of monthly reconciliations for Bank accounts, Suppliers, Customers and other GL accounts.
- Vetting/Authorization of all documents including LPOs, Stock Adjustments, IPOs MTBA’s, Petty cash, Overtime Claims, etc.
- Approving of Daily Document Movement Slips for accounting of Sales
- Assist in trouble-shooting and resolving ERP integration issues along with key users/counterparts in other departments
Job Details
| Posted Date: | 2019-07-03 |
| Job Location: | Muscat, Oman |
| Job Role: | Information Technology |
| Company Industry: | Information Technology |
| Monthly Salary: | US $7,000 |
Preferred Candidate
| Career Level: | Director/Head |
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