Sr. Finance Manager

POSITION NAME

SR. FINANCE MANAGER

ORGANISATIONAL CONTEXT

Function

Finance

Department

Finance

Reporting to

CEO

Location

Head Office

Grade

Sub-sections / Units

SCOPE

Supervision: (Number and type of subordinates reporting to the incumbent)

Direct:

Indirect:

Type:

Asset under Management (in Rial Omani)

NA

Limits of Authority

As per limits of authority manual

JOB CONTENT

To oversee the financial planning, budgeting, reporting, and accounting activities; guide the financial strategy in order to ensure compliance and support the overall organizational success.

DUTIES AND RESPONSIBILITIES

Strategic:

1. Develop the financial strategy for the company based on treasury, accounting, regulatory and other statutory requirements to ensure that there is a clearly defined strategy for the department based on the business strategy.
   
2. Participate in the formulation of the long-term organizational strategy by providing inputs on the financial strategy to ensure that finance and regulatory requirements are incorporated into the organizational strategy.
   
3. Develop Finance & Accounting policies, plans and programs in consultation with key stakeholders which will assist the achievement of Atyab’s business plans and strategies and in line with vision and mission of the company, oversee Atyab’s operations, responsible for conducting due diligence for new projects and provide inputs/derive strategy for further decision making & progress.
   

4.       Lead the development of the annual budget and long-term financial plans.

Operational:

1. Oversee the preparation and analysis of financial reports, ensuring accuracy and compliance with regulatory requirements.
   
2. Provide timely and insightful financial information to the CEO for decision-making.
   
3. Implement effective risk management strategies to safeguard the company's financial assets.
   
4. Ensure compliance with relevant laws, regulations, and accounting standards.
   
5. Direct the budgeting process, working closely with department heads to establish realistic and achievable financial targets.
   
6. Monitor and analyze financial performance against budget, providing insights and recommendations.
   
7. Manage cash flow effectively to support operational needs and strategic initiatives.
   
8. Implement cash flow forecasting and optimization measures.
   
9. Develop and maintain robust financial controls and systems to ensure the integrity of financial information.
   
10. Implement improvements to enhance efficiency and accuracy in financial processes.
    
11. Coordinate external audits, liaising with auditors to ensure a smooth and efficient audit process.
    
12. Address audit findings and implement recommendations for continuous improvement.
    
13. Perform any other related tasks as assigned by the CEO / Board of Directors
    

People development:

1. Lead and mentor a high-performing finance team, fostering a culture of excellence and continuous improvement.
   
2. Identify financial staff requirements in a timely manner and ensures their training and development.
   
3. Encourage and initiate training workshops to provide opportunities for employees to acquire greater skills enhance current employee performance and gain on-job coaching/training.
   

KEY INTERACTIONS

1. Internal

–         All Business & Support Units

–         As part of day-to-day activities

2. External

–         Financial Institutions, External Auditors, Regulatory Bodies

–         As part of day-to-day activities

3. Level of external interaction

–         This position requires high level of external interactions

.

Requirements

MINIMUM EDUCATION, QUALIFICATIONS & SKILLS

Education:

–         Master's degree in Finance, Accounting, or a related field. CA, CPA, CMA, or equivalent certification is highly desirable

Experience:

–         Minimum 15 years of significant work experience with a minimum of 5+ years’ experience in managing the Finance & Accounts Department

–         Experience in a senior management role is required

Special Skills & Knowledge:

–         Understanding of complex financial data, reports and financial statements, economic modelling, valuations techniques, acquisitions, and merger in a complex environment

–         Understanding of business processes, related operations, industry trends and market concepts.

–         Excellent decision making and negotiating skills.

–         Global perspective and a strategic thinking and risk management

–         Leadership qualities to motivate team and lead by example.

–         Expert in accounting standards (IFRS / IAS), their application and financial reporting.

–         Ability to do work independently with minimum assistance.

–         Excellent presentation skills

–         Proficiency in MS Suite

Business Understanding:

–         This position requires high level of business understanding

ADDITIONAL QUALIFICATION /CERTIFICATION REQUIRED

–         NA

HEALTH, SAFETY AND ENVIRONMENT

–         This position follows all the HSE procedures as set by the company

KEY COMPETENCIES

–         As specified in Job Competency Profile

WORK ENVIRONMENT

–         This position enjoys working in a comfortable airconditioned office