| Job Title | Finance Manager (Corporate) |
| Job Description |
Management: ▪ Manage the effective achievement of the departments objectives by providing role clarity of the subordinates – setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal – in order to maximise subordinate and the performance of the department MIS & Reporting: ▪ Timely submission of the required information/reports to the Group
Head – Corporate Finance to meet with financial reporting
requirements. Also report highlighting major variance (i.e.>5%)
between Actuals vs previous year / budget of Profit & Loss,
Balance Sheet, cash flow items to be prepared and submitted to
Group CFO.
▪ Support Group Head – Corporate Finance for board review
meetings. Policies, Systems, Processes & Procedures: ▪ Recommend improvements to financial accounting policy and direct the implementation of procedures and controls covering all areas of division & financial accounting activity so that all relevant procedural/compliance requirements are fulfilled while delivering a quality, cost-effective services. ▪ Review and report the exceptional items eg. Legal & corporate non-compliance, slow & non-moving inventory, abnormal expiry, damaged & stock differences/shortages, thefts, cash shortages etc. Routine Operations: ▪ Review receivables of all the clusters; o Sales order release request when there is overdue in days/amount at Group level. o Increase in credit limit of major customers at Group level. o Review of PDC details in the system. o Liaise with CCC/Legal for court cases. ▪ Review of all the purchases - say above RO.25K (amount to be discussed) before release of purchase orders to the suppliers. Treasury Management: ▪ Managing effective utilization of fund utilization & bank borrowings ▪ Manage excellent banking relationships ▪ Keep a close watch on banking agreement & covenants ▪ Facilitate external borrowings for the JV company’s ▪ Evaluate long term capital requirements and seek appropriate project financing from banks / FI’s. Accounting Policy check: ▪ Ensure proper accounting & maintenance of General / sub Ledger & follow accounting policies of the company. ▪ Review of all Suppliers payment and capex proposals before forwarding it to Group Head – Corporate Finance for approval ▪ Close monitoring of provisions for aged inventory & receivables as per company’s policy Internal Audit compliance: ▪ Review of past Internal Audit Reports and report the progress made on areas highlighted for improvements by Audit. Document Control: ▪ Control over the manual documents and where possible to modify the process to have documents generated from system. Statutory Audit, Tax & Legal Compliance: ▪ Coordinate with auditors for timely completion of statutory audit ▪ Prepares tax returns as per law & coordinates with Auditors for annual financial closing. ▪ VAT & other tax compliances as per law ▪ Other Financial & commercial compliances Organization Structure: ▪ Recommend an optimum organization structure for corporate finance and other finance departments so that resources are optimally utilized and communication can take place in an efficient manner ▪ Review and where required, recommend the changes in the existing incentive system of the Group / Divisions. ▪ Review of performance and reward system of the head office corporate finance team. ▪ Recruitment & succession planning for finance team Continuous Improvement: ▪ Stimulate subordinates and contribute to the identification of opportunities for continuous improvement of section systems, processes and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and productivity improvement ▪ To identify and liaise with HO-IT in the areas of process improvements in SAP in consultation with HO-Audit. ▪ High level coordination with principals for smooth operations & claim settlements ▪ Driving Cost reduction & efficiency plan for divisions, branches & head office Budgets & Plan: ▪ Consolidate budget for all clusters and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, and areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalized upon New Business Initiatives: ▪ Review & active evaluation of new business opportunities eg. Exports, Agencies, Projects, etc. with concerned HoDs before forwarding it to Group Head – Corporate Finance / Group CFO / Investment Committee for approval. ▪ Implementation of new initiatives related to Finance & IT. ▪ Any other areas to be assigned by Group CFO in addition to the areas specified herein-above |
| No of Positions | 1 |
| Location | Oman |
| Required Experience | 20- 25 Years |
| Education | CA |
| Position On Date | 26-Jun-2024 |
| Salary | 70-80 LPA |
| Preferred Candidate | |
| recruitment@talentcohr.com | |
| Contact No | 7738249852 |