Senior Accountant

Lockton are actively seeking a qualified Accountant to join the growing Oman team in Muscat. The Senior Accountant will be responsible for independently handling the full spectrum of day-to-day finance and accounting operations for the Oman entity. This includes bookkeeping, financial reporting, insurance broking finance (IBA and Non-IBA), tax filings, compliance, audits, budgeting support, and cash flow monitoring. This is a hands-on role suited for a self-sufficient accounting professional who can manage the finance function in a lean, operational setup.

Key Responsibilities

1. Core Accounting & Financial Reporting

• Handle all journal entries, general ledger postings, and month-end closings including accruals and prepayments.
• Maintain complete and accurate financial records in compliance with IFRS and internal policies.
• Prepare and reconcile monthly financial reports, revenue forecasts, and cost allocations.
• Conduct detailed balance sheet reconciliations and ensure all accounts are audit-ready.
• Reconcile monthly revenue for Employee Benefits (EB) and General Insurance (GI) business lines.
• Generate and review monthly unallocated cash reports; reconcile discrepancies and ensure prompt allocation.

2. Payables, Receivables & Treasury

• Process and verify supplier invoices, employee expenses, and direct payments in line with policy and approvals.
• Reconcile supplier statements, resolve discrepancies, and track outstanding payments.
• Execute monthly bank reconciliations and maintain cash book accuracy.
• Prepare cash flow forecasts and monitor working capital needs.
• Liaise with banks on routine transactions, payments, and collections.

3. Insurance Broking Finance (IBA)

• Allocate all insurance receipts and disbursements within the broking system accurately and promptly.
• Perform monthly reconciliation of insurer accounts and monitor commission receivables.
• Review and clear unallocated cash balances and resolve technical issues with internal teams.
• Implement and maintain credit control processes; perform regular ageing reviews and escalate overdue items.
• Participate in monthly reviews of IBA balances, collections, and outstanding items.

4. Tax & Regulatory Compliance

• Assist external consultants and the regional tax team with corporate tax provisions, calculations, and filings.
• Ensure timely and accurate submission of VAT and WHT returns in coordination with the tax advisors.
• Coordinate audit processes from start to finish, providing all required schedules and documentation.
• Ensure all regulatory requirements and filings (including XBRL) are met accurately and on time.

5. Budgeting & Forecasting

• Support annual budgeting and periodic forecasting cycles with data inputs and financial insights.
• Monitor performance against budget and highlight significant variances with explanations.

6. Controls, Compliance & Improvements

• Maintain proper internal controls, document flows, and segregation of duties (where feasible).
• Ensure all processes comply with internal policies, audit standards, and regulatory expectations.
• Identify and recommend process improvements to streamline finance operations and enhance accuracy.

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or related field.
• Recognized professional qualification such as ACCA, ACA, CPA, or equivalent.
• Minimum of 5 years of progressive finance experience, ideally in financial services or insurance.
• Proven track record managing finance functions independently.
• Good understanding of Omani VAT, corporate tax, and regulatory reporting requirements.
• Hands-on experience with ERP systems and advanced Excel skills.
• Familiarity with intercompany transactions and multi-entity structures.
• Prior experience in GCC, preferably in Oman.

Key competencies

• Highly self-sufficient and dependable in managing a standalone accounting function.
• Strong attention to detail, analytical ability, and organizational skills.
• Proactive, hands-on, and willing to handle both routine and complex tasks.
• Comfortable working in a small team with minimal supervision.
• Good communication and interpersonal skills, especially in liaising with external auditors, banks, and consultants.