OQ
Finance Manager - OTTCO
- Permanent
- Muscat, Oman
- Experience 10 - 15 yrs
Job expiry date: 22/12/2025
Job overview
Date posted
07/11/2025
Location
Muscat, Oman
Salary
Undisclosed
Compensation
Salary only
Experience
10 - 15 yrs
Seniority
Manager
Qualification
Bachelors degree
Expiration date
22/12/2025
Job description
The Finance Manager at Oman Tank Terminal Company (OTTCO) in Muscat is responsible for leading all financial operations, reporting, treasury, and planning activities. Reporting directly to the VPāFinance, the Finance Manager ensures accurate financial reporting, strong liquidity management, IFRS compliance, and effective budgetary control. The role oversees accounting operations including Accounts Payable, Accounts Receivable, General Ledger, and Fixed Assets, ensuring integrity and accuracy of all financial statements and management reports. The position also manages financial audits, internal controls, and compliance with Omani tax laws and shareholder reporting requirements. Key treasury responsibilities include day-to-day cash management, cash flow forecasting, debt servicing, and coordination with banks for operational and financing needs. In financial planning and analysis, the Finance Manager consolidates the 5-year business plan, annual budgets, and quarterly forecasts while providing variance analysis and performance dashboards to support senior management decisions. The role requires strong knowledge of IFRS, MSM reporting, Omani tax regulations (CIT, VAT, WHT), and experience with treasury software. Candidates must possess at least 10 years of experience, including 5 in a similar managerial role within the oil and gas or industrial sector. This position demands excellent analytical, communication, and leadership skills, as well as proficiency in Microsoft Office and financial systems, with the ability to lead high-performing teams and foster a culture of transparency, accountability, and continuous improvement.
Required skills
Key responsibilities
- Lead and manage all financial accounting operations including Accounts Payable, Accounts Receivable, General Ledger, and Fixed Assets.
- Ensure compliance with IFRS, internal controls, and OTTCOās Delegation of Authority requirements.
- Prepare accurate monthly, quarterly, and annual financial statements and management reports.
- Supervise month-end and year-end closing activities, ensuring reconciliations and variance analyses are completed.
- Enhance internal financial processes and systems to support efficiency and mitigate operational risks.
- Act as liaison with external auditors to coordinate audits and close management letter points.
- Oversee tax compliance, ensuring timely submission of VAT, withholding tax, and corporate tax reports in accordance with Omani laws.
- Manage day-to-day treasury operations including cash positioning, transfers, and bank reconciliations.
- Develop cash flow forecasts to maintain adequate liquidity and optimize fund utilization.
- Monitor debt obligations, ensuring timely servicing of interest and principal payments.
- Coordinate with banks and prepare documentation for negotiations led by the VPāFinance.
- Prepare treasury reports detailing cash positions, debt covenants, and liquidity risks.
- Support the VPāFinance in preparing OTTCOās annual debt plan and business plans aligned with OQ policies.
- Coordinate and consolidate inputs for the 5-year business plan, annual budgets, and quarterly forecasts.
- Perform detailed variance analysis, identifying key financial drivers and recommending corrective actions.
- Develop financial models for scenario planning, investment evaluation, and performance measurement.
- Provide dashboards and KPIs to support decision-making by senior management.
- Identify cost optimization opportunities and evaluate financial efficiency initiatives.
Experience & skills
- Bachelorās degree in Accounting, Administration, or related discipline; Masterās degree preferred.
- Professional qualification such as CPA, CA, ACCA, CTA, or CTP is mandatory.
- Minimum 10 years of experience, with at least 5 years in a finance management role within the oil or industrial sector.
- Extensive experience in cash and liquidity planning, working capital management, and financial modeling.
- Strong knowledge of IFRS, MSM reporting requirements, and treasury software.
- Experience in investment portfolio strategy, banking, and financial instruments.
- Proficiency in preparing financial statements, forecasts, and audit coordination.
- Strong knowledge of Omani tax regulations, including CIT, VAT, and WHT, and familiarity with international taxation principles.
- Proficiency in Microsoft Word, Excel, PowerPoint, and treasury management systems.
- Excellent analytical, communication, and report writing skills with the ability to present financial information clearly.
- Proven ability to lead teams, foster accountability, and promote continuous improvement.
