vacancy List

If you’re a self-starter with unlimited curiosity and a drive for excellence, Asyad is the place for you. the ASYAD internship programme is designed to bring highly qualified and motivated students with diverse educational backgrounds to work on various projects linked to ASYAD Groups vision, through research assignments and work projects.  The programmes main goal is to give you the opportunity enhance your skills, amplify your education, and add value to our operations.

At Asyad we seek committed individuals who offer a collaborative approach, ownership, innovation, positive attitude and embrace Omani Values.

Asyad Group Internships are a good fit for undergraduate students with below educational backgrounds:

1. Finance & Accounts
2. Logistics
3. HSE
4. Engineering
5. Business
6. Data Science
7. Marketing & Communication
8. Project Management

9. Information Technology

Position Title: Manager – GL and Financial Reporting

 

JOB PURPOSE:

To supervise, manage and monitor the work of GL&FS employees and ensure that they carry out their tasks and responsibilities as per instructions; issue instructions to them as appropriate on financial accounting, maintenance of trial balance, systems and accounts within the limits of internal control procedures and ensuring compliance with all relevant regulatory and legal requirements. In charge of preparation and monitoring the monthly, quarterly and annually financial statements for all the companies including the consolidated financial statements and ensuring compliance with all relevant regulatory and legal requirements.

 

 

KEY ACCOUNTABILITIES:

Supervision of Subordinates

§ Organize and supervise the activities and work of subordinates to ensure that all work/ activity within the section are carried out in an efficient manner which is consistent with operating procedures and policy.

§ Establish appropriate procedures and controls within the department, which ensures that all financial transactions are accurately recorded in the books on a timely basis and are adequately supported.

§ Ensure the presence of adequate internal control procedures for financial accounting and compliance with the established policies and procedures.

§ Ensure that the monthly closing activities are well managed and ensure that it covers the following quality aspects: completeness, accuracy & timely submission of the financial reports.

§ Ensure that all GL entries are done in accordance with the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and local legal framework.

Financial Accounting (General Ledger) Duties

§ Supervise the execution of standard accounting functions such as the preparation of statements, the posting to and reconciliation of accounts in the various ledgers, ensuring they are compliant with Company procedures.

§ Custodian of the Chart of Accounts of all companies and in all systems.

§ Review all TB for all group companies to ensure that the accounting records reflect the true & fair financial position of the companies.

§ Ensure that all the requirement for IFRS 9, 15 and 16 are developed and complied for.

§ Hedging, MTM and all loan related transactions, templates and entries are done accurately and on time.

Asset Management

§ Ensure that the company’s assets have been properly accounted for in compliance with the International Accounting Standards and used in accordance with management authorization.

§ Ensure that the fixed asset register of the company is well developed, maintained up to date; take periodic measures to ensure that the information contained in the fixed assets register is validated against physical presence of assets.

§ Ensure that regulatory requirements (financial and accounting) and requirements of other agreements are compiled with properly and on a timely basis.

§ Test the company assets for Impairment as required by IAS/IFRS.

Dividend Distribution

§ Calculate the dividend amounts to be declared by the SPCs and Omani Companies.

§ Liaise with lenders/shareholders to Complete all requirements in order to allow OSC to distribute dividends to shareholders of all SPC’s and Omani Companies

§ Liaise with treasury and lenders/shareholders to send the financial statements to comply with the loan covenants.

Financial Accounting Duties and Supervision of Subordinates

§ Ensure the presence of adequate internal control procedures for financial accounting and compliance with the established policies and procedures

§ Supervise the preparation of monthly, Quarterly and annual financial statements for the group companies

§ Ensure that financial statements are prepared in accordance with the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and local legal framework.

§ Supervise the execution of standard operating procedures are complied with during the preparation of statements.

§ Review all TB for all group companies to ensure that the accounting records reflect the true & fair financial position of the companies.

§ Preparation of the Group Consolidated Financial Statements.

§ Auditing by Internal, External and State Audit

§ Responsible to prepare the up to date financial statements word documents with all the notes and attend all the changes requested by the company external auditor.

§ Ensure along with the Senior Manager - Financial Planning & Reporting that the financial statements of the company are audited smoothly and within the stipulated time.

§ Act as a focal point with the statutory audit and resolve as possible audit related issues.

§ Coordinate and Co-operate with external auditors to ensure they have full access and support throughout the audit process to minimize the likelihood of disruption or unnecessary discrepancies.

§ Coordinate the preparation of Letter of Representation (LOR) and its final submission to the auditors and shareholders.

§ Prepare all the documents required for the Annual General Meeting and assist to ensure smooth AGM are held on time.

§ Policies, Systems, Processes & Procedures

§ Follow all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.

§ Assist in the development and update of relevant SOPs to financial reporting and monthly closing.

§ Updating of Finance Manual and Procedure to bring them in line with the best industry practice and in accordance with the IFS/IFRS

Continuous Improvement

§ Contribute to the identification of opportunities for continuous improvement of department systems, processes and practices, cost reduction and productivity improvement.

 

 

Minimum Qualifications:

§ Bachelor’s Degree or a Master’s Degree and should be an ACCA or, CMA or CPA accreditation,

 

 

Minimum Experience:

§ Minimum 8-10 years’ experience in a similar role in an accounting function.

 

 

Job-Specific Skills:

§ Leadership

§ Computer (Excel)

§ Presentation

§ Organisational

§ Planning

 

 

COMPETENCIES:

§ Information seeking

§ Initiative

§ Teamwork and cooperation

§ Attention to details

§ Punctual and Multi-tasking

§ Flexible

§ Organizational Commitment

 

 

Frameworks & Authority:

§ Manager – GL and Financial Reporting reports to the Senior Manager - Financial Planning & Reporting and confers with the latter on critical and strategic issues.

§ The jobholder is expected to draw up plans and strategies for accounts operations and ensure their implementation.

§ Key decisions having significant impact on the Manager – GL and Financial Reporting function are referred to the Finance Director or CFO for approval before implementation.

§ The jobholder exercises financial authority as per the level established by OSC’s Manual of Authority

JOB PURPOSE:

• Responsible for the leadership, developing, overseeing, directing, and managing ASYAD Terminals - Duqm. Deliver contribution to ASYAD’s vision of becoming “The Preferred Terminal of the Region”.

 

KEY ACCOUNTABILITIES:

Health and Safety, Security and Environment

• Ensures compliance with HSSE policies & procedures.
• Must demonstrate total commitment to the company safety policies through participation and proactive involvement.
• Ensures compliance with HSSE policies, procedures safety, regulations, and operating rules. Develop and implement local policies, procedures and protocol as necessary
• Ensure the identification and delivery of required safety, training and certification programs is successfully accomplished. 

 

Strategic

• Together with principals assist in setting the strategic direction of ATD.
• Ensure a growing and significant portion of cargo handled is under long term contracts to minimize the risk, and to provide a base cargo.
• Provide an annual budget and business plan for the ATD.
• Close cooperation with Port of Duqm Company and ASYAD on principal affairs.
• Consulting and liaising with the Management and Directors.
• Steering and controlling the daily activity to ensure the best return on investment is achieved.
• Lead the local organization in providing safe, reliable and quality service that meet all corporate and client objectives, contract requirements and regulatory requirements

 

Commercial

• Champion business development work to maximize revenue. This is primarily based on the current service offering but may involve technological and asset-based development of ATD service portfolio. In any event ensure all client requirements are always responded to.
• Coordinate and oversee the follow up and conclusion of routine business requests.
• Undertake economical but well-focused advertising and public relations activity.
• Periodic travel to maintain close customer relations with cargo interests, agents, shipping lines, ship owners, forwarders, brokers, transporters, and industrialists. This will be aided by parent company representation.
• Build rapport & trust with landlords (Port Authority) and fellow tenants (Terminal Operators & Other Service Providers) and key stakeholders in Port Community.
• Identify and develop new business opportunities in conjunction with parent companies.
• Develop and maintain relationships with key and open market accounts.
• Assist in developing and increasing the volume of project cargo, dry bulk and Ro-Ro.
• Identify opportunities for cooperation with others.
• Review, analyse and submit for management approval commercial tenders and MOU’s.
• Manage commercial tariffs and regularly present to the management for review and adjustment as required.

 

Operations

• Ensure safe, secure, environmentally friendly day to day operations of all terminals under management. Responsible to oversee all matters relating to the efficient, cost-effective, and safe utilization of Terminal facilities, resources - equipment & manpower to achieve optimum cargo throughput as efficiently as possible. All phases of Terminal operations: receipts of vessels / cargo either by sea or road, storage, deliveries, and value-added services. Guarantee accurate & consistent cargo tracking, data tracking, inventory tracking and associated record keeping.
• Assuming overall responsibility for uninterrupted 365/24 service delivery and integrity.
• Develop further and grow process driven and client centric model of terminal operations.
• Control and improve resource management data and operating costs, with a view to the lowest cost operation, bearing in mind service quality objectives.
• Review and understand all operational and logistical matters and offer solutions to resolve issues as they occur.
• Ensuring any irregularities and insurance claims are resolved in a timely manner.
• Oversee development of an annual operational budget and manage key performance indicators (KPIs) against established financial targets.

 

Legal

• Negotiate, prepare and review commercial agreements.
• Negotiate, prepare and review service supply agreements.

 

Control

• Manage, maintain and take direct responsibility for facility budget and P&L including reporting, planning and auditing. Lead cost reduction initiatives and instill a culture of continuous improvement.
• Oversee preparation of monthly estimates of results, sales activity, and cost monitoring. Account for differences with actual once result complete.
• Project terminal results out on the 3 to 6 months timeframe.
• Effectively manage by taking ownership of each vessel voyage as an independent profit centre ensuring maximum revenue levels are achieved.
• Report on the performance of terminals as required.
• Monitor general market conditions and activities of existing and potential competitors.
• Maintain a general understanding of the other ports in the region, regular benchmarking.
• Ensure the service levels and KPI’s for contracts with the customers are met and resolve any related issues that may occur.
• Board report commentary on performance and market conditions.

 

HR

• Promote an environment of teamwork and cooperation.
• Equitably and effectively manage and supervise all subordinates.
• Set and monitor commercial and operational KPI’s and targets for all relevant staff.
• Provide constructive positive and negative feedback to employees as appropriate.
• Counselling cases of poor performance and the ability to escalate to formal disciplinary procedures if required.
• Lead, motivate and empower employees to ensure a high level of productivity.
• Develop and train employees as appropriate to ensure they know how to perform their job, to improve their performances and prepare them for more senior positions.
• Conduct performance planning and reviews as required by company policy.
• Together with the Management manage the hiring and termination of employees.
• Establish and manage evaluation, performance, goals, succession planning for direct reports and ensure effective performance management is conducted by managers/supervisors of their staff members.

 

General

• Complete other tasks as requested by Management/Directors.

 

COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal:

• Management and Board of Directors
• HSSE
• Finance
• Commercial
• Operations

 

External:

• Harbour Master
• Terminal Operators
• Customers
• Trading Community / Partners
• Port Authority
• Customs & Other Government Bodies

 

QUALIFICATIONS & EXPERIENCE:

Qualifications

• Minimum Bachelor’s degree. Preferably degree in logistics, maritime and port, or a suitable Maritime qualification or Specialized Port Management Certifications from reputed international agencies.
• Preferably, completed post-graduate studies in Port and Terminal Management or related business studies.

 

Experience

• Minimum 10 years of experience in Management roles in Ports & Terminals, Shipping Companies. Multi-purpose cargo experience is a must.

 

Special Skills & Knowledge:

• Strong business development skills.
• Experience in change, leading cost-reduction and continuous improvement initiatives.
• High-level analytical skills to problem solve difficult and complex interpersonal, technical, financial, and administrative matters..
• Strong leadership, organizational and negotiation skills.
• Must have expertise in profitability analysis and budgeting

 

Business Understanding:

• Customer oriented with proven Profit and Loss management track record in Port and Terminals related industry.
•  
• KEY COMPETENCIES:-
• Able to provide leadership, obtain cooperation and assistance to meet objectives within a multi-cultural environment.
• Extensive and hands-on understanding of modern terminal operations including computer terminal management systems and proficiency with technology.
• Strong communication, conflict resolution & negotiating skills with the ability to communicate across the organization.
• Experience in cost and productivity optimization through process optimization, as well as design and implementation of new operation procedures for ATD Terminal Management.
• Experience in finance related matters, setting budgets, P&L and reporting against financial objectives.
• Fluent in English, both written and spoken. Knowledge of Arabic is added advantage.

 

JOB PURPOSE:

• Issuing cargo clearance documents, checking and verification of cargo clearance related documents submitted by the consignees and shippers, preparation of service rendered invoices and collection of payments form the port users.  

KEY ACCOUNTABILITIES:

• Issuance of cargo charges and removal order after checking and verifying all cargo clearance related documents such as customs clearance, Health and quarantine clearance, agent’s delivery order, manifest and packing list (if applicable) etc.
• Issuance of export pre-advice after checking and verification of cargo clearance related documents such as customs clearance, Health and quarantine clearance, agent’s delivery order, manifest and packing list (if applicable) etc.
• Generating the invoices for the services rendered for ships and dhows and forwarding to the agents for settlement
• Collection of revenues from the extra services rendered to port users handle cash, reconcile the revenue against the services rendered and handover the collection to the operations superintendent
• Reconciliation of revenue with Bank Account Statement and update system
• Handle cashier activities like; petty cash, receive cash, payments and reconciliation including deposit cash to bank.
• Ensure the relevant documentation and invoice formats, cash receipts etc. are available always and re-order the same before stock runout 
• Compliance of all HSSE requirements
• Respect and comply all ASYAD Ports’s business guidelines, rules and ethics and preserve the confidentiality of all ASYAD Ports affairs
• Cover revenue assignments in other ports and ports auditing
• Carry out any other assignment assigned by the management 

Qualification, Experience and Skills:

Qualifications:

• Diploma in Accounting or Finance, Bachelor degree will be advantage

Experience:

• 0-2 Years’ Experience. 

Skills:

• Computer proficiency, experience in using Microsoft Package and/or any relevant software.
• Knowledge of accounting report and procedures
• Time management and communication
• Advanced in English and Arabic both oral and written.
• Customer Service

KEY INTERACTIONS:

Internally:

• Supervisor
• HO Finance
• All the staff at Port Sultan Qaboos

Externally:

• Consignees and shippers
• Transporters & Port Users
• Tenants
• Bank
• Royal Omani Police 

 

JOB PURPOSE:

• Support the execution of ASYAD’s long-term corporate development and investment strategy. Support the investment evaluation process including assessment of acquisitions opportunities, establishment of new businesses, analysis for follow on investment and exit transactions for current portfolio companies

 

KEY ACCOUNTABILITIES:

Execution Support

• Participate in evaluating corporate development opportunities such as screening and execution of new investment opportunities, divestures, partnerships, and viability assessment of new businesses establishment.
• Participate in conducting industry and company research, contributing to development of potential investment themes and identifying attractive investment targets.
• Develop financial models and analysis to support valuation, transaction structures, and quantify the impact to the business unit and/or group.
• Participate in assessing the financial & market feasibility and return analysis of establishing new businesses and partnerships.
• Conduct desktop market research, competitive analysis, regulatory trends, financial performance and return analysis etc on potential investment opportunities
• Support and work with 3rd party advisors, when relevant, to drive due diligence insights on acquisition, join venture and other expansion opportunities.
• Contribute to investment recommendation and approval process, including support in drafting investment recommendations and presentations to Investment Committee and Board of Directors.
• Support the monitoring on-going performance of portfolio companies, participating in specific value creation initiatives when appropriate, reviewing valuations of portfolio companies periodically.
• Support the development of exit strategies, perform ongoing review of such strategies and support the execution of exit activities.

 

Reporting

• Prepare of periodical management reports and progress reports to keep the senior management informed about the progress of various initiatives and to facilitate decision-making.
• Prepare weekly, monthly, quarterly reporting and board / Executive Committee materials as needed

 

Skills

• Demonstrable financial analysis and valuation skills
• Financial accounting concepts and corporate finance skills
• Ability to work under pressure and manage tight deadlines
• Excellent communication skills (oral, written, presentation)
• Strong quantitative and analytical skills
• High attention to detail
• General computer literacy (Microsoft Office e.g. Word, Excel, PowerPoint, etc.) mandatory
• English language is mandatory. Fluent in Arabic preferred.

 

QUALIFICATIONS & EXPERIENCE:

Qualifications

• Bachelor’s degree with a strong record of academic with a preferred focus in Finance space
• Post graduate qualification or professional qualification / certification from related professional body (e.g. Chartered Financial Analyst Institute) is a plus.

 

Experience

• 5 years working experience in a fast-paced investment banking, private equity corporate finance or other relevant experience.
• Demonstrable financial analysis and valuation experience
• Knowledge of financial accounting concepts and corporate finance.

JOB PURPOSE:

• Support the formulation and execution of ASYAD’s long-term portfolio development strategy. Perform crucial analysis, complex modelling to support the screening and execution of direct investment and partnerships opportunities, market, and financial viability assessment for establishment of new businesses as well as value creation and divestures for Asyad’s investee companies. 

 

KEY ACCOUNTABILITIES:

Strategy & Execution Support

• Perform analysis to evaluate an array of corporate development opportunities such as investment origination, acquisitions, divestures, partnerships/alliances, and viability assessment of new business establishment that contribute to ASYAD’s short and long-term business goals.
• Investment origination and execution by conducting industry and company research, contributing to development of potential investment themes, and identifying attractive investment targets.
• Provide analytical support in assessing the financial & market feasibility and return analysis of establishing new businesses and partnerships
• Develops complex dynamic financial models and perform extensive valuation and pricing analysis including DCF, LBO, precedent transactions, and comparable company analysis
• Perform analysis of market/industry trends to help identify possible expansion and acquisitions opportunities that could contribute to the growth of ASYAD.
• Manage the work of 3^rd party advisors, when relevant, to drive due diligence insights on acquisition, join venture and other expansion opportunities.
• Support in evaluating alternative mechanisms for financing acquisition targets/ new business and JVs’ including debt structure, negotiations, analysis, and documentations.
• Playing key role in investment recommendation and approval process, including drafting investment recommendations, presenting to Investment Committee and Board of Directors.
• Taking responsibility for deal execution including support the negotiation and execution of term sheets, agreements, and transaction related documentation
• Contribute to asset management efforts by monitoring on-going performance of portfolio companies, participating in specific value creation initiatives when appropriate, reviewing valuations of portfolio companies periodically.
• Support the development of exit strategies, perform ongoing review of such strategies and support the execution of exit activities.
• Draft internal investment proposals for approval of the relevant Committee / Board 

 

Reporting

• Preparation of periodical management reports and progress reports to keep the senior management informed about the progress of various initiatives and to facilitate decision-making.
• Prepares weekly, monthly, quarterly reporting and board / Executive Committee materials as needed

 

Leadership

• Mentor analysts and senior analysts and supervise the quality and accuracy of their work.

 

Skills

• Demonstrable strong financial modelling, analytical and valuation skills
• Experienced in driving important areas of private equity investing, conducting complicated due diligence work, and working with company management effectively for value creation
• Financial accounting concepts and corporate finance skills
• Ability to work under pressure and manage tight deadlines
• Excellent communication skills (oral, written, presentation)
• Strong quantitative and analytical skills
• High attention to detail
• Strong project management skills
• General computer literacy (Microsoft Office e.g. Word, Excel, PowerPoint, etc.) mandatory
• English language is mandatory. Fluent in Arabic preferred.

 

COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal:

• Commercial team

 

External:

• Potential acquisition targets
• Potential partners for JVs
• Government institutions
• Private sector companies

 

QUALIFICATIONS & EXPERIENCE:

Qualifications

• Degree in Business Administration, Finance, Accounting, Economics or other related field
• An MBA, and/or Chartered Financial Analyst (CFA) is highly desirable.

 

Experience

• Minimum 8 years working experience in a fast-paced investment banking, private equity, corporate finance or other relevant experience. Candidates with private equity/ venture capital experience are preferred.
• Demonstrable strong financial modelling and valuation experience
• Extensive knowledge of financial accounting concepts and corporate finance.