Manager Cash Management
To manage the cash position and cash operations for Oman Telecommunications Company (Omantel) in line with corporate strategy and goals; to manage short and long term cash investment, cash cycle planning and manage relationships with bank partners
KEY ACCOUNTABILITIES & ACTIVITIES
1. Planning and Implementation
Lead the development of cash management and investment strategies that effectively support the attainment of the Departments business goals
Implement Cash Management targets and initiatives
Prepare the annual business plan and the respective divisional budget
Ensure adherence to operating budget of Cash Management Department
Ensure positive financial impact for the company from short and long term investment portfolios
2. Cash Flow Management
Supervise all operational activities of the Cash Management Department predominantly the daily and monthly cash reconciliation processes
Evaluate continually the effectiveness of operational procedures and controls to maximize departmental productivity and minimize errors made by staff
Manage short and long term cash cycle planning and forecasting and contribute to the development and amendment of the annual budget
Represent Omantel vis-ΰ-vis regulatory authorities and other stakeholders and maintain rapport with Banks and other financial institutions
Direct the preparation of business cases/proposals for upper management review on investment activities relating to surplus cash, improvement of cash collection processes etc.
Oversee the preparation of daily/weekly and quarterly financial reports including cash flow forecasts, income statements, balance sheets, budgetary controls etc.
4. Policy and Procedures
Direct the development of effective Cash Management policies and processes that adhere to corporate policies, accounting best practices, statutory requirements and meet changing business requirements
Revise and develop Cash Management policies and processes for the company related to receipts, cash in/out flows, short and long term cash investment policies and disbursement of funds
Develop and manage cash reporting and monitoring processes
5. People Management
Motivate Management and empower direct reports by providing the necessary tools and support required to support Cash Management Department goals
Plan, manage, and review individual performance and provide regular feedback, development and coaching, taking prompt action where necessary
Establish clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of the Cash Management Department
Build opportunities for Cash Management Department members to suggest, participate in and contribute to improvement, innovation and knowledge sharing initiatives
Provide guidance and ensure that the Cash Management Department complies with Omantel's policies, processes, practices and systems
Knowledge / Technical Skills
Strong knowledge of accounting principles
Good knowledge of local and international cash management policies standards
Good level of proficiency in IT applications, specially with financial software packages
Good knowledge of GL, Oracle, IRRS
Fluency in English and Arabic
Post-graduate degree in Business Administration (Finance Specialization)
Professional Certified Public Accountant (CPA) preferred
A minimum of 6 7 years experience with 2 years in a similar role and with at least 2 years experience in a managerial role
About the Company
About the Company
Omantel is the pioneer of total communications solutions in the Sultanate of Oman. We have the widest choice of state of the art services with the broadest network coverage. We listen to understand your needs and value feedback. We strive to deliver on our promises.
Omantel (as both Omantel and Oman Mobile) has offered the full spectrum of telecommunications solutions to the people and businesses of Oman since the dawn of the Renaissance in 1970. Over the years, as the pioneering telecommunications supplier, we have striven to connect even the most remote communities to each other and to the rest of the world. As a pillar of the Omani economy, Omantel has been a leading player in Omans progress and national development.
The Omantel logo, embodies the Omani heritage, in the form of the Khanjar. Our color palette, blue and orange, signals our dedication to professionalism and progression as well as a vibrant spirit. The Omantel name, combined both in Arabic and English, is cradled and encapsulated in our new brand symbol reflecting a caring mindset.
Our tagline reflects also our philosophy of togetherness as this is at the heart of everything we do as we lead the way in bringing individuals, families, businesses and regions ever closer together using leading edge technology for communications.