Finance Controller

Industry: Business Group

Total Positions: 1

Job Type: Full Time/Permanent

Gender: No Preference

Salary: 6500USD - 7800USD (Monthly)

Education: Chartered Accountant

Experience: 15-20 Years

Location: Salalah, Oman

Skills: Financial Strategy, Reporting, Budgeting and forecasting, Team Leadership, Cashflow Management

Posted Date: 17-02-2025

Description:

The Finance Controller will oversee the financial operations of the business group, ensuring sound financial management, accurate reporting, compliance with regulations, and strategic financial planning. The ideal candidate will have a strong background in finance and accounting, along with a minimum of 15 years of experience, including leadership roles. This is a key position that requires both technical expertise and strong managerial capabilities to drive the financial success of the group.

Key Responsibilities:

  • Financial Reporting & Analysis:
    • Oversee the preparation and review of monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with accounting standards and local regulations.
    • Prepare detailed financial analysis, including variance analysis and financial forecasts, to support strategic decision-making.
    • Review and ensure the accuracy of financial reports submitted to senior management and stakeholders.
  • Budgeting & Forecasting:
    • Lead the annual budgeting process, working with various departments to create accurate and comprehensive budgets.
    • Continuously monitor actual financial performance against the budget and provide recommendations for corrective actions where necessary.
    • Implement financial forecasting models to predict future financial outcomes and identify risks or opportunities.
  • Cash Flow & Working Capital Management:
    • Oversee cash flow management to ensure the business group maintains sufficient liquidity for operations and investments.
    • Review and manage working capital, ensuring optimal inventory and receivables management.
  • Internal Controls & Risk Management:
    • Develop and implement internal financial controls and procedures to safeguard the group’s assets and financial integrity.
    • Identify and assess financial risks, recommending strategies to mitigate those risks.
    • Ensure compliance with local financial regulations, taxation laws, and international accounting standards.
  • Strategic Financial Planning:
    • Provide strategic financial advice to senior leadership to support long-term business growth and profitability.
    • Participate in mergers, acquisitions, and investment planning, providing financial due diligence and post-merger integration support.
    • Ensure financial alignment with the overall strategic goals of the business group.
  • Team Leadership & Development:
    • Lead, mentor, and manage the finance team to enhance their performance and professional growth.
    • Foster a collaborative, results-driven culture within the finance department.
  • External Relations & Compliance:
    • Liaise with external auditors, tax authorities, and regulatory bodies to ensure compliance and manage audits effectively.
    • Coordinate the preparation of tax returns and other statutory filings.
    • Review and negotiate contracts to ensure financial compliance and cost-effectiveness.
  • Cost Control & Profitability Analysis:
    • Implement cost control measures to enhance profitability across business units.
    • Review and evaluate financial performance across the group’s divisions to identify opportunities for improving margins and operational efficiency.

Qualifications & Experience:

  • Education:
    • Chartered Accountant (CA) qualification is mandatory.
    • A relevant post-graduate qualification in finance, accounting, or business management is a plus.
  • Experience:
    • At least 15 years of experience in finance and accounting roles, with a minimum of 5 years in a senior finance leadership position.
    • Prior experience in managing the finance function for a large and diversified business group or multi-national corporation.
    • Experience in working with both international and local financial regulations and standards, particularly in Oman/GCC.
  • Skills & Competencies:
    • Strong understanding of financial accounting, corporate finance, and financial reporting.
    • Excellent strategic thinking and analytical skills.
    • Strong leadership and team management abilities.
    • Expertise in financial forecasting, budgeting, and financial analysis.
    • Exceptional knowledge of accounting software and ERP systems (e.g., SAP, Oracle, etc.).
    • Strong communication and interpersonal skills to interact with senior management, stakeholders, and external auditors.