To manage the financial accounts, cash flow projection, and budgets in order to ensure that the business is financially secure and generating revenue.
Key Responsibilities & Accountabilities:
? Engage and advise GM FINANCE around financial and regulatory issues, trends and changes to the operating model and delivery methods.
? Assist GM FINANCE in establishing the finance department and its divisions.
? Support the GM FINANCE in the preparation of the weekly, monthly and quarterly reviews of the actual results in comparisons to the approved budgets of receivables & payables.
? Evaluate and propose the appointment of outside consultants for audit and financial advisory services.
? Supervise the day to day recording of transactions in the accounting system i.e. receivables, payables, assets, revenues, expenses, etc.
? Ensure robust cash flow forecasting and monitoring routines are maintained
? Ensure the maintenance of the fixed assets register.
? Develop, implement, and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the company.
? Compile and analyze financial information and prepare reports and other management information as required, while conducting additional research, when necessary, to ensure that OMAN POST & ASYAD EXPRESS has the relevant information needed to support decision-making.
? Manage the preparation of financial statements of OMAN POST & ASYAD EXPRESS in order to finalize the organization(s) financial statements.
? Ensure raising the invoices on weekly, monthly or quarterly basis.
? Review the commercial contracts and ensure that all financial covenants are drafted in the best interest of the organization
? Review the weekly/monthly/quarterly sales reports and compare them to the agreed contracts where applicable and to company approved rates and highlight any discrepancies.
? Ensure payment to suppliers are carried out within the agreed limits.
? Ensure all payments are made in accordance with the authorized financial limits including employees’ benefits.
? Reconcile financial data for OMAN POST & ASYAD EXPRESS according to stated schedules so that the company remains aware of its financial position on an ongoing basis and statutory reports so it can be produced within legislative time limits.
? Prepare and file annual return of income tax to ensure OMAN POST & ASYAD EXPRESS’s compliance with local tax bylaws and statutes.
? Prepare and file monthly/quarterly value added tax reports to ensure OMAN POST & ASYAD EXPRESS’s compliance with local tax bylaws and statutes.
? Prepare global bid documents as per requirements relating to financial management, inviting both local and international bids to ensure OMAN POST & ASYAD EXPRESS uses the best vendors with maximized cost efficiency.
? Manage the search, initiation of contact, and short-listing process (negotiation) with financial services providers in order to gain a deeper understanding of their delivery capabilities that allows for wiser financial recommendations and decisions.
? Oversee treasury operations for OMAN POST & ASYAD EXPRESS including monitoring of cash flow and deposits with banks ensuring compliance with company’s guidelines on treasury activities.
? Coordinate and cooperate fully with internal and external auditors.
? Ensure and provide the full access and support throughout the audit process to minimize the likelihood of disruption or unnecessary discrepancies.
? Recommend improvements to departmental policy and direct the implementation of procedures and controls covering all areas of finance activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to customers.
? Assist the GM Finance in performing any general departmental tasks required, contributing in the smooth running of the department’s activities.
? Contribute to the identification of opportunities for continuous improvement of department systems, processes and practices, cost reduction and productivity improvement.
? Contribute to the preparation of the Finance department budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified.
? Assist in the generation of timely and accurate departmental reports to meet company and department requirements, policies and standards.
? Provide leadership and direction to the subordinates towards achievement of strategic business objectives of OMAN POST & ASYAD EXPRESS.
? Ensure that the team is adequately staffed as per business requirements and allocate work to subordinates and ensure that subordinates are aware and familiar with assigned tasks and responsibilities.
? Mentor and coach subordinates to develop their capabilities and build a strong succession planning for the role.
? Establish the performance plans for direct subordinates; monitor and guide them in managing their performance by providing appropriate feedback.
? Drive the engagement and satisfaction of all employees within the department through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns.
? Participate in the identification of training and development initiatives for all employees within the function and ensure continuous on-the-job training and other learning interventions for the employees within the department.
|Minimum Qualification :
You should have Experience of Minimum 8 years to apply for this Job