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Assistant General Manager Finance
Full time at The ReKruiters in Muscat, Oman

Assistant General Manager Finance Full time at The ReKruiters in Muscat, Oman

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Posted on May 21, 2020

Job details

Purpose of the Role:

  • Head of finance and procurement team that ensure all financial transactions of the Group and the Subsidiaries are timely met.

Summary of the Job Role:

  • Supervise, Guide, develop sound accounting systems and practices, and direct the team to meet the objectives of timely financials, MIS, Budgets and management information needs, risk mitigation thru well-oiled internal control checks.

Key outputs:

  • Review, Monitor, analyze and present monthly MIS i.e. business unit-wise performances with further profit center-wise break-up vs budgets and variance analysis, participating in monthly reviews with shareholders and business heads. Reviewing the MIS, financials of subsidiaries and associate concerns.

  • Review, Monitor and present monthly financial statements in compliance with international accounting standards, map the financials with MIS, their reconciliation with MIS and analyze the variance, review of general ledger, accounts payable and accounts receivable. Present annual consolidated financial statements.

  • Fix Budget guidelines, review budget with unit heads and present annual budgets including capital expenditure budgets.

  • Discharge treasury functions – Interacting with Banks for facilities, negotiating tariffs, deposit rates, managing cash flows, forex risk exposure, deposits, structure products to mitigate risks and maximize yields etc.

  • Overseeing and discharging procurement and logistics function, review of tenders estimates, risk assessments, commercial contracts, negotiation, vetting of agreements, ensuring logistics and custom clearances.

  • Discharge credit control function – review and compliance of company’s credit policy, credit appraisals, review and setting up credit limits of customer, oversee credit outstanding in terms of no of days sales, market intelligence on customer’s credit ratings etc.

  • Review of internal controls and checks, systems on continuing basis and suggest modifications and system development to meet changing business environment

  • Interaction with external auditors in presenting our financial statements and ensuring compliance with international accounting standards.

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