Independent Finance Manager

We are seeking a highly skilled Senior Financial Professional to join our team in Muscat, Oman. The ideal candidate will have extensive experience in financial services or insurance and be able to manage finance functions independently.

• Financial Management
  • 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Requirements:

• 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.
  • 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.