Omantel: Specialist, Accounting and Compliance

Job description

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.

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.

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.

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.

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.

• 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

  Knowledge / Technical Skills

  • Working knowledge of International Financial Reporting standards.
  • Strong knowledge of Accounting principles.
  • Experience required in working on Oracle ERP system.

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