Finance Manager | A Leading Exchange Company In Oman
Employment:
Full Time
• Assist Head of the Organisation in achieving the financial strategies as per direction of the Board of Directors.• Be up to date with IFRS and all of the latest Global Financial Standards and Regulations.• Keep abreast of all technologically advanced tools and Financial Technology to prevent technological fraud.• Provide insight and meaningful analysis to the Head of the Organisation and the Board for formulation and review of business strategies.• Create capital plan in line with the overall business strategies taken by the Board.• Prepare annual budget [both OPEX and CAPEX] of the company and ensure its implementation;• Provide timely and accurate analysis of budget, financial trend, market analysis, forecast, regulatory changes.• Review branch profitability vis-à-vis budget and provide insight about improvement of business performance.• Lead the team in carrying out all payment control, accounts payable and financial administrations of the Company.• Supervise treasury, cash deposit/cash flow management, accounting, procurement of assets/services, insurances contract, rental agreement and fixed assets management on a day-to-day basis. • Formulate and implement Corporate Tax Planning and Taxation Management of the organization.• Analyze Financial Statements, cash flow, revenues and expenditures to determine budget variances and identify potential weakness, recommend measures to mitigate them. • Perform Bank Reconciliations of the company on real time basis and address identified discrepancies by escalation to Management and Board of Directors.• Arrange daily Nostro/Vostro Account Fund Management, making deals with the different Correspondents.• Prepare periodic financial statements, MIS Reports and regulatory returns of the company.• Design appropriate Financial Accounting and Internal Control System to prevent fraud and misappropriation.• Meet the compliances of Central Bank and other regulatory bodies and mitigate the operational, reputational and legal risk of company.• Liaise with the company’s external auditors, Statutory Bodies and legal advisors.• Maintain relationship with the company’s Banks and ensure various timely renewal of banking arrangement on time.
• Required Experience: minimum of 10 years in the financial sector and at least 5 years specifically in the money exchange sector.• Education: A bachelor’s degree in finance, accounting, economics, or business administration is needed. Alternatively candidates with a master’s degree, preferably in business administration, finance, accounting, or economics is also considered. Professional qualifications preferred; Chartered Financial Analyst, Certified Management Accountant, Chartered Financial Consultant, Financial Risk Manager, Certified Treasury Professional.• Skills: Managerial, leadership, problem solving, communication, analysis, strategic thinking, mathematical proficiency, interpersonal skills.
A leading exchange company in Oman. More