Financial Director (Finance Manager) - Engineering & Construction

About the role

The company is looking for a Financial Director (listed as Finance Manager) to report to the CFO. The position is open to Omani nationals only and covers general accounting, project accounting, reporting, compliance, budgeting and bank guarantees across all offices. It requires strong management of an accounting and finance team.

Key responsibilities

• General accounting and reporting: overall responsibility for general and project accounting of all offices, intercompany reconciliations, FX rates, FX gains/losses, monthly bank and profit/loss statements, management and cash-flow reports, and board presentations.
• Accounting manual and procedures: maintain the accounting and finance manual, revenue recognition (IFRS 15), expected credit losses (IFRS 9) and close calendars, with CFO approval.
• Audit and compliance: statutory, tax and zakat audits, actuarial valuations, IFRS, US GAAP and SOX compliance, and VAT, WHT and tax filings.
• Budget and forecast: yearly budgeting and forecasting, 5-year high-level plan using discounted cash flow, and documentation of assumptions.
• Banking, bank guarantees, collections and payments, and daily bank and cash balances circulated to the CFO.
• Payroll processing, fixed assets register, software intangibles, insurance analysis and support for HR medical insurance.
• Project accounting: book income and costs on jobs, monitor project costs against contract value, calculate manhour rates, overhead multipliers and internal rate markups, and refer loss jobs to the CEO.
• Team management: weekly staff meetings, segregation of duties, and cooperation with the CFO and project and sales staff.

Required profile

• Omani national only.
• Degree in Finance, Business or Accounting.
• Chartered Accountant, CPA, ACCA, CIMA or equivalent.
• 10 to 15 years of hands-on accounting experience (project and operations accounting, international experience) in a managerial capacity within a global engineering or construction company; joint venture experience is an advantage.
• Ability to communicate clearly in English and Arabic, written and spoken.
• Management ability to lead an accounting and finance team.

Required skills

• Strong financial accounting, including Local and International GAAP; IFRS, US GAAP and SOX knowledge is an advantage.
• Tax, VAT, GST, WHT, TDS, treasury, transfer pricing and commercial management knowledge in engineering and construction.
• Major ERP system experience; SAP or Oracle desired, Exact an advantage.
• Proficiency in Excel.