Sr/ Specialist Financial Accounting

Job title

Sr/ Specialist Financial Accounting  

Grade

Stream

OQ RPI

Function

Finance RPI – Control

Location

Muscat/Sohar

Budget control

*OPEX and/or CAPEX and/or Revenue amount as relevant*

Reporting to

Manager Financial Accounting

Direct Report

0

Job purpose

Executes Financial Accounting activities, under Manager Financial Accounting scope’s acting as senior specialist, and team player for Financial accounting services  through: (1) Executes  the non-standard accounting, (2) Cross functional and cross business monthly, quarterly and annual process for closing the books and consolidating the financial results., (3) Executes group accounting standards and local GAPP (IFRS), and (4) contribute to maintain the Company Accounting Policy Manual;  in order to support financial goals and objectives of the Company while ensuring compliance with both local and international accounting standards for all group entities.

The position will act in accordance with the Company’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 justifications, and best international practices in consonance with national objectives.

Main tasks and responsibilities

• Executes monthly, quarterly, half year and year end Management reporting/Group Reporting, including statutory and consolidation.
• Executes external reporting as per Local (IFRS), and as per CMA/MSX/Group guidelines.
• Executes closing processes, maintains close calendars and all related close and consolidation procedures and controls.
• Prepares compilation of consolidated balance sheets, income statements, statements of cash flows, and other financial statements
• Works collaboratively with the financial accounting team to develop financial reports to assists financial reporting, analysis, and business needs.
• Gathers and evaluates information gathered from multiple sources, in order to provide insights into business issues and recommend action plan to the functions.
• Build a robust consolidated reporting package; includes, but is not limited to, OQ RPI, Logistics, Polymer Marketing, International Offices Statutory & Government reporting.
• Coordinate with internal auditors, state auditors and statuary auditors to satisfy their requirements.
• Execute pre- procurement activities of the financial accounting team.
• Assists in developing/maintaining the Company accounting manual consistent with the Group policy and relevant accounting standards.
• Assist in compiling the budget of financial accounting team and monitor the actual performance of the team against the budget.
• Fosters an environment in which employees are actively encouraged to identify and implement departmental and company-wide continuous and quality improvement initiatives.
• Executes non-standard and complex accounting, such as impairment test for non-financial assets, employee benefits, site restoration, intangibles.
• Supports in preparation of technical accounting papers on complex accounting areas such capitalization, investments, derivatives, merger, impairment etc.
• Works closely with other departments like treasury, Commercial, Operation, legal and tax.
• Collaborates effectively with managers in areas of responsibility to ensure that department objectives, performance metrics, quality measures, and budget targets are achieved.

Key interactions

Internal: RPI

External: Shareholder, Government, State and external auditors, lenders, consultant

Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site.

Education requirements

Bachelor’s degree in finance or related field | Professional Accounting certification (desirable)

Language

Exceptional knowledge of written, read, and spoken English (required) | Arabic - Native (desirable)

Background and experience

Competencies and skills

• Capabilities in a similar role will be preferred.
• Experience in Non-Standard Accounting.
• Oil and Gas / Energy industry experience essential
• Deep working understanding of financial reporting and analysis.
• Experience in dealing with third parties such as state audit, MoF, lenders and investors.

Soft:

• Teamwork skills
• Analytical skills
• Planning skills
• Forward thinking Excellent business and technical report writing skills
• Thrives when facing ambiguity and complexity; willingness to explore multiple solutions to a problem.
• Strong communicator, both written and verbal, comfort with presenting to all levels of the organization
• Excellent interpersonal and communication skills – in particular, listening, oral, written, presentation and influencing skills with a track record of forging strong working relationships with stakeholders.
• Excellent problem-solving and analytical skills, able to assimilate a wide range of information quickly in order to develop an understanding of complex projects.

Technical:

• Exceptionally good knowledge in using PC software.
• Knowledge of SAP
• English (fluent) required; Arabic is an advantage.
• Proven effectiveness in accounts payable execution
• MS Office applications