Oman Job Openings
IFFCO
Executive-Accounts.Finance-S&D(Oman)01
October 24, 2024
Job Summary
Assisting the finance management in various tasks including but not limited to transactional and operations duties.
Roles & Responsibilities
- Addition/Deletion and Maintain Fixed assets
- Advising on Accruals for certain expense heads
- Agreeing on firm dates with salesman on recovery and follow up on the same after review for collection
- Check and approve employees expenses
- Credit notes posting
- Customer visit and relationship building with Customer Finance department
- Dealing problematic customer receivable cases
- Department wise cost center OH reporting
- Employee Receivables
- Follow up the collections of overdue invoices.
- Forecast Bank remittances and Cash Flow
- GL and cost center wise review and reconciliation
- HHT RV Processing & manual RV posting and allocation
- Import expenses hit through various sources to AP, run SLA, verify the transaction and post to GL
- Initiate, review and accept intercompany transactions
- Intercompany Credit management and payment
- Invoice booking
- Legal case handling for customers
- Maintaining relationship with government departments and Police
- Maintaining TMI/CMI data & Charge to BU
- Manual RV's for Key Account customers to be entered on a daily basis
- Month end closing entries and processes for AP/GL/FA
- Month-end Accruals and ad-hoc reporting
- Monthly MIS and related Annexure and Schedule
- AR clean up during the review in ERP
- Other legal work – Municipality permissions etc.
- Passing Journal Vouchers at month-end
- Preparation of BS Schedules
- Receipt Allocation & Reconciliation
- Receivable Review
- Respond to Ad-hoc data requirements/clarifications
- Responsible for payments tracking and AR hygiene for the customers
- Responsible for payments tracking and AR hygiene for the customers
- Sales Review
KPIs
- Accrual Accuracy
- Accuracy of Ad-hoc reporting
- Ad-hoc Reporting accuracy
- AR Hygiene
- Cash Flow Estimation Accuracy
- Closure of legal cases within agreed timeline
- Cost Savings Initiatives – Positive Impact on bottom-line
- Cost-center accounting accuracy
- Customer reconciliation efficiency
- Cut-off Accuracy – Month-end and year-end
- Overdue % • Process Efficiency
- Recoveries from legal cases
- Sales Value
- Strength of Internal Controls
- Timely case filing and tracking
- Timely charging to inter-company for TMI
- Timely closure of month books of accounts
- Timely Financial Reporting to Management
- Value of Vendor over-dues not paid off within due dates
- Vendor Reconciliations - % Vendor Coverage
- Volume/Accuracy of invoices processed
- Support to sales team for collections
- Testing and validating IT related issues and developments
- TMI charging to Intercompany
- Unblocking of Sales Order basis
- Vendor Balance reconciliations
- Vendor Credit management and payment
- Working Capital reports
Work experience requirement
5 years + in FMCG financial function
Qualification
- ICWA, B. Com, MBA/MCOM
- ACCA, CPA
Competencies
Accounting Standards and Practices
Financial Compliance
Budgeting
Financial planning and Analysis
Documentation and Reporting
Communicating effectively
Self and Team Management
Planning & Decision Making
Customer Centricity
Ownership & Result Orientation
Business Unit: S&D(Oman) (1237)
Business Group: S&D(GCC) (4217)
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