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Senior Accountant

2 weeks ago

Muscat, Muscat, Oman Towell Property Full time 800 - 8,000 per year

Definition:

A Senior Accountant in the property sector is a finance professional responsible for managing and overseeing the accounting and financial activities related to property ownership, development, leasing, and management. This role ensures the accuracy of financial records, compliance with relevant regulations, and provides financial insights to support property-related business decisions.

Team Management Responsibilities:

Will not have people management responsibility.

Work Location:

Towell Group – Towell Property Office

Reporting To:

Assistant Finance Manager – Towell Property

Overall Purpose of the Role:

The senior accountant will play a main role in assisting the Assistant Finance manager in day-to-day accounting activities related to Modern Cleaning Services & Trading LLC (MCST) and other Towell Property Business Units, including bookkeeping, tracking of payments and cash flow, and financial analysis, preparing and maintaining important financial reports. Preparing tax-related transactions and ensuring that payables are paid properly and on time. Evaluating financial operations to recommend best practices, identify issues, strategize solutions, and help the accounts department run efficiently.

Key Responsibilities:

GENERAL RESPONSIBILITIES

· Prepare operating budgets for specific business units based on performance, previous budgets, estimated revenue, and expense reports.

· Ensure timely and accurate month-end reconciliation process for Foreign Bank Accounts, Fixed Assets, Prepayments, and other key national Balance Sheet Accounts.

· Responsible for the front-end process of National Fixed Assets and Prepayments Accounting.

· Perform timely balance sheet accounts reconciliations for National Balance Sheet Accounts

· Assist with the preparation of Year-End Financial Reporting Packages

· Analyze financial reports and records and make studies or recommendations relating to financial factors.

· Review, verify, and ensure the accuracy of accounting entries in the system.

· Ensure activities comply with legal, professional, and ethical standards.

· Support and assist the Financial Accountant on ad hoc tasks as required.

A. Finance & Accounts Management

· Accounting for PTY cluster companies, investments, joint ventures, and family books.

· Preparation of Monthly MIS and management reports and submission to HO.

· Preparation of annual budgets for all property cluster companies.

· Invoice creation, submission, and Rent Recovery from tenants and other receivables.

· Finance management and control of interest costs.

· All banking-related works for all cluster companies, JVs' and investments.

· Cost management, supplier management, cost allocation, cost recording, and monitoring the expense budgets.

· Implementation and monitoring of internal controls in the business.

· Updating and maintenance of investment details and property masters

· Maintains and balances subsidiary accounts by verifying, allocating, posting, and reconciling transactions and resolving discrepancies.

· Summarizes financial status by collecting information and preparing balance sheets, profit and loss, and other statements.

· Completes external audits by analyzing and scheduling general ledger accounts and providing information for auditors.

B.  Compliance / Management Reporting

· Arrange and conduct all the Management meetings as per the schedule.

· Arrange and conduct all the EC Meetings, board meetings, and meetings with other investors.

· Preparation of SAS for HO and conducting the statutory audits for all companies

· Preparation of annual tax returns, compliance with tax laws, and tax assessments of previous years.

· liaising with all the government and external agencies and compliance.

C. GTY & Valuation

· Coordination and compliance with valuation requirements as per banks & HO

· Assisting and coordinating GTY Matters

D. Procurement & Stores

· Control and monitoring of procurement of materials for maintenance and projects.

· Review and assist in all the tenders and tender processes to all cluster companies.

· Management and control of inventory of maintenance materials.

E.   IT Systems & ERP

· Management and control of TIMICS Systems and IT requirements of the Company.

· Upgrade the IT & ERP Systems of the company in line with recent technologies.

· Facilitate and install the Management information dashboard.

· Integrate the overall IT systems and TIMICS.

· Roll out maintenance and update the Mobile app for tenants.

F.  Fixed assets

· Tracking, Control, and management of fixed assets of the Company.

· Coordination for the purchase and sale of fixed assets

2.    RELATIONSHIP MANAGEMENT

· Work positively with support functions.

· Liaise and communicate with other departments and ensure an effective interface with other departments is maintained.

3.    SELF-MANAGEMENT

· Support, comply, and ensure complicity with Health and safety regulations, the Company Handbook, Quality and Environmental standards, and all other Company policies and procedures.

· Embraces personal challenge.

· Confident, rounded thinking

· Is self-aware.

· Is resilient, assertive, optimistic, and open to change.

· Engages the interest and participation of others and has a collaborative approach to working together.

· Actively Committed to team development

· High levels of motivation and action-oriented

Skills and Attributes:

· High level of numerical and analytical ability

· Ability to build effective relationships with work colleagues.

· Able to achieve results by setting high standards and committing to clear objectives, adaptable to change and varying situations.

· Ability to show resilience and a flexible approach.

· Excellent communication skills, strong analytical and problem-solving skills, and ability to establish logical, practical solutions.

Qualifications and Experience Levels:

· A recognized bachelor's degree or equivalent qualification with an accounting major.

·      Sound experience in the relevant discipline in the same or similar industry, including experience in financial accounting experience and ideally within a large organization, and family-business exposure.

· years of proven accounting experience, preferably done CA,

· Strong knowledge of accounting standards (IFRS) / Income Tax & VAT

· Excellent analytical, organizational, and problem-solving skills.

· Proficient in accounting software.

· Advanced Excel skills (pivot tables, VLOOKUPs, etc.). Proficient in PowerPoint presentations.

· Strong attention to detail and ability to meet deadlines.

· Effective communication and interpersonal skills.

· Ability to multitask on projects/initiatives of various sizes and complexities.

· Proven time management and organization skills

Salary Expectation:

An attractive package will be offered to the right candidate with an average Monthly salary of
OMR 800.

About Towell Property

Towell Property built Oman's first comprehensive residential complex, characterized by garden courts, villas, apartments, and a commercial Centre in Madinat Al Sultan Qaboos in the early 1970s, which was spread across 3 million sq. ft. This is one of the premium locations in the Sultanate. We are the Topmost Real Estate Agents in Oman

Modern Cleaning Services & Trading LLC (MCST) is part of Towell Property, and it is a products and services company specializing in providing hygiene-related solutions.

For more information, visit

About Towell Group

It is today one of the largest companies in the Sultanate and comprises many business industries with members on the board from the fourth and the fifth generation of the Sultan family. The industries include Enhance Group, Engineering Group, Construction, Auto, Property, Services, and Trade.

For more information, visit