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Job description / Role
1. Planning and Implementation:
- Implement short and long-term plans for the Department in line with Divisional goals and objectives.
- Participate in the development of Financial Control Division strategies and plans in collaboration with the Divisional Departments.
- Recommend improved analytical systems and modeling techniques.
- Ensure adherence to the international and local laws and regulations for Accounting and Compliance Department by developing performance indicators and evaluating Department results.
- Ensure and monitor the implementation of Administration and Compliance targets and initiatives.
- Assume role of project supervisor for projects undertaken by the Accounting & Compliance Department (the nature of these projects may include financial policies review, general ledger scrutiny, documentation policy etc.).
- Ensure projects meet desired objectives within time and cost constraints / deadlines.
2. Accounting:
- Managing the monthly financial closing activities.
- Maintaining the chart of accounts.
- Assist in the preparation of quarterly and annual financial statements in accordance with International Financial reporting standards.
- Assist Manager-Accounting and Senior Manager-Accounting in carrying out a analytical review of financial statements i.e comparison with previous year and budget.
- Assist in Automation of monthly closing activities.
- Perform reconciliation between GL and sub ledgers.
- Carry out ad hoc reconciliations as requested by the management.
- Assist in implementation of hyperion system for Group consolidation activities.
- Coordinate with external and internal auditors in completing the audit processes.
3. Efficiency Control:
- Identify issues relating to efficiencies and performance standards in the Accounting & Compliance Department and propose remedial measures wherever shortcomings are observed.
- Support Financial Control Division in order to ensure implementation of corporate financial processes and systems.
- Maximize quality of financial reporting and analysis.
- Support development and improve financial models and analytical approaches used by the finance team and wider business.
- Maintain financial information systems and ensure that data is accurate.
- Recommend introduction of new improved analytical systems and modelling techniques, meeting financial reporting and internal accounting policy, as required.
4. Audit and Review:
- Assume overall responsibility for adherence to policies and procedures in the area of financial accounting that meet all company and statutory requirements.
- Manage compliance and reporting requirements with CMA, Board of Senior Managers, Audit Committee and IFRS.
- Coordinate with internal and external auditors for compliance processes.
5. Policies and Procedures:
- Test and verify existence of a robust framework of internal financial controls in the Company.
- Implement new accounting standards and apply them to Omantel in order to ensure compliance.
- Establish and implement effective accounting policies and control mechanisms that adhere to corporate policies, accounting best practices and statutory requirements.
6. People Management:
- Motivate management and empower the team in financial control by providing the necessary tools and support required to support Department goals.
- Plan, manage, and review individual performance and provide regular feedback, development and coaching, taking prompt action where necessary.
- Build opportunities for Accounting and Compliance members to suggest, participate in and contribute to improvement, innovation and knowledge sharing initiatives.
- Provide guidance and ensure that the Accounting and Compliance Department complies with Omantel's policies, processes, practices and systems
Requirements
Knowledge / Technical Skills:
- Working knowledge of International Financial Reporting standards.
- Strong knowledge of Accounting principles.
- Experience required in working on Oracle ERP system.
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 Oman’s 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.