Chief / Vice President Finance Officer

9 hours ago

Muscat, Muscat, Oman Oman Investment Authority Full time

The Chief Financial Officer (CFO) leads ITHCA Group's financial and asset management strategy, ensuring fiscal integrity, sustainable value creation, and strategic alignment across the Group's subsidiaries and investment portfolio. As a core member of the executive leadership team, the CFO serves as a strategic advisor to the CEO, Board of Directors, and Investment Committee, shaping financial policy, driving operational efficiency, and optimizing capital structures to maximize returns. The CFO is responsible for designing and executing a forward-looking financial strategy that supports ITHCA's mission as a national ICT investor and enabler. This includes leading enterprise-wide financial planning, asset valuation, risk management, and performance monitoring across all entities and investments, with a focus on unlocking value and enhancing profitability. Acting as a catalyst for financial excellence and governance, the CFO partners closely with the CEOs and finance leaders of subsidiaries and investees to improve financial discipline, operational performance, and strategic decision-making. This role also liaises directly with OIA to ensure compliance, transparency, and alignment with sovereign investment priorities. In addition to financial stewardship, the CFO plays a critical role in shaping ITHCA's internal capabilities, fostering a culture of agility, innovation, and data-driven decision-making.

JOB DIMENSIONS

No. of Direct Reports:

  • Group Director Finance
  • Group Director Asset Management

External Interface(s):

  • Oman Investment Authority (OIA)
  • Auditors
  • eWithaq (Support Service Unit)
  • Tax Authority
  • Financial Institutions
  • Government Authorities

KEY ACCOUNTABILITIES

  1. Provide strategic direction for all financial operations, ensuring alignment with ITHCA's long-term goals.
  2. Oversee financial planning, forecasting, budgeting, and reporting in accordance with OIA guidelines and regulatory standards.
  3. Develop financial models and tools to support business decision-making and operational efficiency.
  4. Ensure robust internal controls, risk management, and compliance with GAAP and audit requirements.
  5. Manage cash flow planning and forecasting, maintaining optimal liquidity for operational needs.
  6. Lead financial engagement with the Board, CEO, OIA, and external auditors.
  7. Oversee performance tracking of all subsidiaries and associated investments.
  8. Evaluate opportunities for asset expansion, consolidation, or divestment to maximize portfolio value, while identifying associated risks and mitigation strategies.
  9. Ensure alignment of subsidiary business plans with corporate strategy through cross-functional collaboration.
  10. Support governance processes by assessing organizational performance against annual budgets and long-term goals.
  11. Oversee the management and optimization of the company's asset portfolio, evaluating opportunities for expansion, consolidation, and divestiture.
  12. Oversee cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
  13. Undertakes similar or related work as directed by CEO and the Board.
  14. Lead the development and implementation of asset and investment valuation frameworks.
  15. Ensure valuation outputs support strategic decision-making and investment optimization.
  16. Work with consultants to ensure accurate assessments and data-driven valuations.
  17. Monitor local and international tax regulations, ensuring compliance and identifying tax optimization opportunities.
  18. Develop risk mitigation strategies related to tax exposure and valuation discrepancies.
  19. Provide leadership and mentorship to finance and asset management teams.
  20. Build a culture of excellence, accountability, and continuous learning.
  21. Champion the adoption of emerging financial technologies to enhance reporting, planning, and operational agility.
  22. Oversee high-level issue resolution and foster collaborative, solution-oriented team dynamics.
  23. Ensure effective succession planning and development of future finance leaders.
  24. Act as a key advisor to the CEO and Board on financial matters, strategy, and operational improvements.
  25. Engage with investment committees, OIA, and external stakeholders to align financial plans with national objectives.
  26. Support strategic initiatives, M&A activities, and cross-sector partnerships.

COMMUNICATIONS & WORKING RELATIONSHIPS

Internal:

  • Group Chief Executive Officer (GCEO)
  • ITHCA Board
  • Executive Management of subsidiaries
  • Associates, investee companies
  • Internal auditors

External:

  • International Investment institutions
  • Oman Investment Authority (OIA)
  • Banks and Finance houses
  • Executive Management of subsidiaries
  • External auditors

QUALIFICATIONS & EXPERIENCE

  • Minimum Bachelor's degree in accounting or equivalent.
  • Preferable master's degree in a related field, such as an MBA or Masters degree from a Business School.
  • Preferable CFA/CMA/CiMA/CPA or equivalent professional qualification.

Experience

  • At least 15 years experience in Finance & Accounting with at least 8 years in M&A in Oman/GCC.
  • Experience in a holding or an investment organisation with numerous subsidiaries is highly desirable.
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