Accounts Manager
Muscat, Oman
Job Description
Key Responsibilities
- Effective & efficient management of departmental functions, including timely & accurate reporting, meeting individual and team KPIs, handling complaints and grievances, managing customer/supplier expectations and providing timely business insights to management for decision-making.
- Direct, coordinate and review the work plan for assigned staff, assign work activities, monitor workflow, review and evaluate daily work, methods and procedures and meet with staff to identify/resolve problems.
- Maintain books and records in compliance with company policy, IFRS, local laws and regulations.
- Collecting, interpreting, reviewing financial information & oversee the financial operations relating to the assigned functions.
- Regular financial reports and insights to management, including timely submission of MIS and compliance/exception reports.
- Perform regular financial analysis, KPI reports, performance reports of Company/Departments and relevant scorecards, including team appraisals.
- Establish and maintain appropriate financial policies and procedures by continuous focus on improving existing processes.
- Ensure strict adherence to standard operating procedures, formats and controls.
- Complete cash flow forecasts/budgets/forecasts/variance reporting processes timely in consultation with CFO and various departments.
- Assist management in developing long-term business plans and strategies that work to minimise financial risk.
- Supervising, reviewing and approving work of the accounts department, including the timely and efficient conclusion of all reporting requirements, external audits, internal audits and reviews.
- Devise various compliance and exception reports and provide timely input and insights to management for efficient decision-making, including cash management, efficiencies and potential areas for improvement.
- Manage and comply with various regulatory reporting requirements, including tax filings (including VAT).
- Undertake other duties as assigned, including coordinating with other departments on cost reduction initiatives.
- Ensure real-time accounting for the day-to-day financial operations within the Company, such as payable, receivables, HR and other transactions, by coordinating timely information flow between departments.
- Ensure timely collections/payments, accounting and periodic reconciliation of account balances with statements/confirmations.
- Manage all bank-related matters, including liaising with banks and financial institutions.
- Ensure full adherence to SOPs and policies while being insightful for continuous improvement to existing policies and procedures.
- Foster respect and teamwork within the department and motivate team members to deliver to their highest potential.
- Ensure inventory records are accurate by ensuring periodic physical counts and timely reconciliations with books.
- Investigate and correct discrepancies in reported stock quantities and locations of all inventory.
- Ensure stock transactions are timely recorded, including preparation of required documentation, including receipt/issue of stock, accounting for returns, investigation and actioning on discrepancies with LPO/invoices/delivery notes and ensuring it is reconciled internally externally with suppliers/customers on a timely basis.
- Monitor daily stock transactions, calculate the landed cost, update general ledgers, gather and analyze data, perform audits and assessments, and produce regular inventory reports.
- Assist in other work as assigned by management and assist colleagues wherever necessary.
- Graduation/post-graduation degree in commerce/accountancy.
- Professional qualification (CA / CPA).
- Minimum 15 years of experience in the relevant field directly related to the duties and responsibilities specified from the FMCG industry background with at least 5 years in the GCC market.
- Industry-specific knowledge, commercial and business awareness with a deep understanding of local laws and regulations, including various taxes, labour laws, AML, ESR etc.
- Thorough knowledge of accounting standards and concepts.
- Advanced skills in MS office, including excel.
- Thorough experience in managing accounting in ERP, specifically oracle/SAP.
- Experience in SOPs, specifically record to report, order to cash, and procure to pay.
- Strategic & critical thinking skills.
- Superior attention to detail & mathematical skills.
- Potential to lead and motivate others to deliver on challenging deadlines.
- Negotiation skills and the ability to develop strong working relationships.
- Leadership & communication skills.
- Interpersonal, social & people skills.
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Job Detail
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Job IdJD1528654
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationMuscat, Oman
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EducationNot mentioned