OQ

Sr/ Specialist Financial Accounting

Muscat, OmanPosted 1 weeks ago

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Salary
AED 43k–72k a month· est.
Job type
Full time
Level
Senior
Field
Finance & Accounting
Work mode
On site

About the role

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 Bachelor Snr Specialist 6-8 years of relevant experience Specialist 5+ Years of relevant experience • 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

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). 6-8 years of relevant experience for Sr Specialist; 5+ years for Specialist. Experience in Oil and Gas / Energy industry essential. Capabilities in a similar role preferred. Experience in Non-Standard Accounting. Knowledge of SAP. Proven effectiveness in accounts payable execution. MS Office applications.

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 assist financial reporting, analysis, and business needs. Gathers and evaluates information from multiple sources to provide insights into business issues and recommend action plans. Build a robust consolidated reporting package including 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. Assist in developing/maintaining the Company accounting manual consistent with Group policy and relevant accounting standards. Assist in compiling the budget of financial accounting team and monitor actual performance against the budget. Foster an environment encouraging continuous and quality improvement initiatives. Execute non-standard and complex accounting (impairment tests for non-financial assets, employee benefits, site restoration, intangibles). Support in preparing technical accounting papers on complex areas (capitalization, investments, derivatives, merger, impairment). Collaborate with treasury, Commercial, Operation, legal and tax. Align with managers to achieve department objectives, performance metrics, quality measures, and budget targets.

Skills

  • SAP
  • Microsoft Office
  • IFRS
  • Group reporting
  • Consolidation
  • Accounts payable
  • Financial reporting
  • Budgeting
  • Internal auditing coordination
  • External reporting
  • Impairment testing
  • Technical accounting
  • Capitalization
  • Derivatives
  • MoF relationships

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