Financial Accountant

13 hours ago


Muscat, Muscat, Oman Vodafone Full time
Job Summary:

Vodafone is Oman's latest network operator, aiming to contribute to the development of various sectors. We strive to connect everyone in Oman for a better future, offering market-leading customer experiences and innovative digital services.

We are seeking an energetic self-starter to work in our 100% Omani owned, positive collaborative start-up environment. The ideal candidate will be responsible for capturing financial information from accounts payables and expenses using our company ERP.

The role involves providing accurate financial information to both the Finance function and the wider business. This includes ensuring operational and capital expenditure are correctly capitalized in accordance with accounting standards and on a timely manner.

Key Responsibilities:

  • Invoice & Payment Tracking: Monitor invoices from receipt to payment, update stakeholders on status, and ensure timely processing as per agreements
  • Payment Processing: Prepare payment vouchers, verify supporting documents, ensure compliance with company policies, and process various payment methods (wire transfers, cheques, online payments)
  • Bank & Cash Management: Review bank transactions, maintain accurate records, update beneficiary/payee details, control petty cash and credit card payments per company guidelines, and Support operations by providing financial tools like credit cards, managing overdrafts, and LC settlements
  • ERP & Reconciliation: Enter payments into the ERP system, reconcile processed work, verify system reports, and ensure accurate financial tracking
  • Receivables & Liquidity Management: Monitor daily cash position, coordinate with the collections team for cash inflow forecasts, and monitor interest payment due dates and ensure adequate funds are available
  • Vendor & Capex Reporting: Prepare accounts payable aging reports, vendor reconciliations, monitor Capex vendor statements, ensure and oversee payment disbursements according to top management approval
  • Letters of Credit (LC): Track LC-related invoices, maintain records and monitor its maturity dates with FP&A
  • Financial Reporting & Audits: Prepare monthly bank reconciliations, cash movement reports, assist with internal and external audits, responsible for identifying and implementing improvements in reporting, systems, and processes to increase the overall effectiveness and efficiency of the finance department
  • Archiving & Documentation: Maintain records of processed invoices with supporting documents for quick reference and compliance
  • WHT Compliance: Manage withholding tax (WHT) requirements, ensuring tax optimization and maintain payments liable to WHT and exemptions under DTAA (Double Taxation Avoidance Agreement)

Requirements:

  • Communication skills with the ability to build good relationships with all business units
  • Problem solving analysis
  • Speed and accuracy on data entry
  • Quality assurance
  • Ability to be flexible in a changing environment and work to strict deadlines
  • Proactive attitude with the ability to identify areas for improvement
  • Good eye for detail
  • Good in Excel skills
  • Minimum 2-3 years experience in Accounting

Key Performance Indicators:

  • Timely and accurate payables to consultants, vendors, as per contractual terms
  • Compliance with Tax filing and reporting schedules – Tax Calendar
  • Accuracy and Appropriateness of transactions
  • AP Aging Reporting
  • Assets Capitalization and Reporting

Qualifications:

  • University Degree in Accounting


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