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Job title
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Head of Finance Control
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Grade
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Stream
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OQ E&P
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Function
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F&P - Finance Control
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Location
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Oman – Muscat
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Budget control
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*OPEX and/or CAPEX and/or Revenue amount as relevant*
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Reporting to
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Vice President Finance
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Direct Reports
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5:
- Manager Accounting Operations (1)
- Manager Financial Accounting & GL (1)
- Specialist Governance & Compliance (2)
- Snr Specialist Tax (1)
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Job purpose
Manages, planning and organizing the entire finance control services at OQ E&P by providing strategic control to Accounting Operations, Financial Accounting & GL, Tax Services (Corporate Income Taxes (CIT), Withholding Tax (WHT), value add taxes (VAT), tax planning and optimization, tax risk control, transfer prices and cross boarder taxation) and Governance & Compliance; in order to ensure an adequate control structure is in place for the financial success of the Group and that effective financial procedures are in place within accepted accounting practice to support financial goals and objectives of the Group.
The position will act in accordance with the Group’s Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by an IT Technology platform, HSE standards, Omani’s government & other legal justification’s, and best international practices in consonance with national objectives.
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Main tasks and responsibilities
General:
- Embed a robust and financial operational support & Finance corporate governance for all financial transactions by establishing and maintaining effective working relationships with key external entities to ensure that all communications and interactions are conducted smoothly and in a timely manner.
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Accounting Operations
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- Oversees Accounting operations including financial reporting, bookkeeping, and payroll tracking.
- Provide Financial operational support to Projects among the group in order to ensure an adequate control structure is in place
- Oversee the coordination and development of Manual of Authorities with internal as well as external auditors / consultants and ensure the same is implemented, followed, as well as, updated in a timely manner as prescribed by board / senior management.
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Financial Accounting & GL
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- Oversees Accounting Services and it’ consolidate statements (accounts payable, accounts receivables, fixed assets, bank reconciliation, and procurement card related activities) and its financial reporting timely and accurate generation of financial statements of the organization.
- Oversees the Financial Services of the group ensuring the alignment of Financial Statements of the group under international accounting procedures and in adherence to the accounting policies and regulatory rules.
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Governance & Compliance
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- Oversees the Governance & Compliance processes and continuous validate the entire cycle of an efficient and streamlined governance, assurance and Internal Control environment.
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- Governance of the organization and its compliance with external statutory, legal and regulatory requirements.
- Fully integrate Enterprise Governance & Internal Controls and lead with a common purpose to protect the organization’s interests, while allowing for innovation and achievement of corporate objectives
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TAX
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- Oversees the activities related to Corporate Income Tax (CIT), Withholding Tax (WHT), value add taxes (VAT), tax planning and optimization, tax risk control, transfer prices and cross boarder taxation, in terms of filing Income Tax returns, the computation of Deferred Tax Asset/Liability and tax note to financial statements, the tax audit defense & assessment, and Tax disputes, objections and appeals; in order to ensure meeting compliance requirements and payment of tax if any.
- Leads and supports business decision making with regards to tax implications on investments, mergers and acquisitions by providing transfer pricing advice to ensure that transactions are made according to arm’s length principle and acceptable by the Tax Authority.
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Key interactions
Internal: OQ E&P
External: Staffing specialized Contractors, Vendors & Suppliers
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Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site.
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Education requirements
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- Minimum qualification required is a degree in Accounting, Finance, with Master or any other qualification is a plus.
- Certified Public Accountant or Certified Management Accountant designations. (ACCA/CTA/CTP)
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Language
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Excellent knowledge of written, read, and spoken English (required)
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Background and experience
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Competencies and skills
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- 13+ years of experience in relevant position
- 5+ years in a management role (managing multiple teams)
- Strong experience in:
- Finance, Accounting services,
- International Tax system & Cross functional business experience integrating strategy,
- Finance, people and technical improvements into business planning and delivery.
- International Finance, Taxation -(Corporate Income Taxes (CIT), Withholding Tax (WHT),
- value add taxes (VAT), tax planning and optimization,
- tax risk control, transfer prices and cross boarder taxation
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Soft:
- People’s management skills
- Analytical skills
- Planning skills
- Empowering & developing high performing Teams for a competitive advantage
- Promotes Teamwork and an environment of Diversity & Inclusion
- Builds trust by meeting commitments & creating an environment of transparency and accountability
- Models and ensures commitment with business aspirations, ethics & guidelines
- Maintaining effective, accurate and transparent communication with all stakeholders & community
Technical:
- Very good knowledge in using PC software.
- Technical Competencies: Tax system & Cross functional business experience integrating strategy,
- Governance & Compliance
- Financial Accounting
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