_{16th December, 2024}

Nationality: Open
Location: Muscat, Oman
 
Job Purpose: The role of a Financial Controller in our company is multifaceted and crucial for maintaining financial health and regulatory compliance of the organization.
 
Key Responsibilities: 
Financial Reporting

• Accuracy and Compliance: Preparing accurate financial statements and reports in compliance with accounting standards and regulatory requirements.
• Stakeholder Communication: Providing financial insights and reports to stakeholders, including investors, management, and regulatory bodies.

Budgeting

• Strategic Planning: Developing and managing budgets to align with the company's strategic goals and growth plans.
• Forecasting: Creating financial forecasts to predict future revenues, expenses, and cash flows.
• Variance Analysis: Analyzing budget variances to understand deviations from financial plans and taking corrective actions.

Cash Flow Management

• Liquidity Management: Monitoring and managing cash flows to ensure the company has sufficient liquidity to meet its obligations.
• Working Capital Optimization: Managing receivables, payables, and inventory to optimize working capital.
• Investment Decisions: Making informed decisions about investments and financing to support the company's growth.

 
Merchant Settlement

• Timely Payments: Ensuring timely and accurate settlement of payments to merchants.
• Reconciliation: Regularly reconciling merchant accounts to ensure accuracy and resolve discrepancies.

Payment Gateway Commissions

• Fee Management: Tracking and managing payment gateway fees and commissions.
• Cost Optimization: Identifying opportunities to optimize costs associated with payment processing.

NPL (Non-Performing Loan) Accounts Reporting

• Monitoring: Regularly monitoring and reporting on non-performing loans.
• Provisioning: Ensuring adequate provisioning for potential losses from NPL accounts.
• Recovery Strategies: Developing and implementing strategies for the recovery of non-performing loans.

Regulatory Reporting

• Compliance: Ensuring compliance with financial regulations and laws, including tax filings and audits.
• Reporting: Preparing and submitting regulatory reports as required by financial authorities.
• Audit Coordination: Coordinating internal and external audits to verify the accuracy of financial records and compliance with regulations.

Tax and VAT Reporting

• Tax Compliance: Ensuring timely and accurate filing of tax returns, including VAT.
• Tax Planning: Developing tax strategies to optimize the company's tax position.
• Regulatory Adherence: Staying updated with changes in tax laws and regulations to ensure ongoing compliance.

Fundraising for Further Lending

• Capital Raising: Identifying and securing funding sources to support the company's lending activities.
• Financial Strategy: Developing financial strategies to ensure the availability of funds for lending and growth initiatives.
• Investor Relations: Managing relationships with investors and providing them with necessary financial information.

Financial Product Development

• Market Research: Conducting market research to understand customer needs, competitive landscape, and potential demand for new financial products.
• Feasibility Studies: Performing financial feasibility studies to assess the viability and profitability of new products.
• Cost-Benefit Analysis: Analyzing the costs and benefits associated with developing and launching new financial products.
• Pricing Models: Developing pricing models that balance competitiveness with profitability.
• Revenue Projections: Creating revenue projections based on different pricing strategies and market scenarios.
• Sensitivity Analysis: Performing sensitivity analysis to understand the impact of various factors on pricing and profitability.
• Prepare an annual Money Laundering Compliance Report for the company’s Board of Directors, detailing the companies status against the AML objectives.
• Maintenance of update information of entities/individuals on restricted list of UN, OFAC, etc., in connections with AML/CTF verifications regarding existence of such account in the branches books.
• Monitor ongoing activities and transactions and AML compliance and report findings to CFO.
• Coordinate , liaise and resolve with the branches and operating units all queries related to AML and KYC and report unresolved matters and/or any significant findings to  Manage Compliance AML/CTF.
• Asses the level of risk to individual areas to determine the level and frequency of training, tetsing and monitoring concerning AML and KYC.

Key Qualification:

• Bachelor Degree with 6 Years Experience
• CMA, CPA, ACCA  with  4 Years Experience

    

 

    

 
    

    

    

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