Financial Operations Manager

10 hours ago


Muscat, Muscat, Oman Oman Air Full time

About the Role

We are seeking a highly skilled Treasury Manager to join our team at Oman Air. The successful candidate will be responsible for managing the airline's debt portfolio and ensuring compliance with all debt-related covenants.

Key Responsibilities:

  1. Evaluate financing proposals, negotiate contracts, and finalize details of funded and unfunded credit facilities.
  2. Manage the end-to-end financing RFP process, including identifying liquidity pools and groups of lenders, sourcing, and evaluating proposals.
  3. Develop and implement a debt strategy aligned with Oman Air's transformation program.
  4. Analyze and optimize the debt maturity profile.
  5. Evaluate refinancing opportunities to reduce interest costs and improve financial flexibility.

Risk Management and Reporting:

  1. Support interest rate and jet fuel price risk management in line with the risk appetite defined by management and the board.
  2. Identify and assess financial risks associated with Oman Air's debt portfolio.
  3. Implement hedging strategies to mitigate interest rate and currency exchange risks.
  4. Monitor market conditions and economic indicators to assess their impact on the debt portfolio.
  5. Prepare periodic treasury reports for management and board reporting.

Treasury Systems and Control:

  1. Develop a robust control environment to comply with the Manual of Authority and treasury management policy.
  2. Manage treasury systems (online banking platforms, TMS, Swift) and develop related processes, policies, and procedures.
  3. Implement the Treasury Management System (TMS).
  4. Assist the Vice President of Treasury with strategic corporate initiatives and ongoing business projects.

Requirements:

  • 8+ years of financial or accounting experience.
  • Bachelor's degree in finance or accounting (mandatory). Post-graduate degree/accreditation is a plus.
  • Strong ethical conduct and dedication to maintaining ethical standards across all corporate matters.
  • Demonstrated organizational and leadership abilities.


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