Omantel ICT
Proficient, Costing & Regulatory Accounts
- Permanent
- Muscat, Oman
- Experience 5 - 10 yrs
Job expiry date: 23/10/2026
Job overview
Date posted
08/09/2026
Location
Muscat, Oman
Salary
Undisclosed
Compensation
Comprehensive package
Job description
Telecom regulators expect accurate, auditable cost data, and that expectation shapes everything this Proficient, Costing & Regulatory Accounts role does within Omantel's Strategic Finance division. You maintain and enhance fixed and mobile service costing models under HCA, CCA, and LRIC methodologies, mapping OPEX, traffic, utilization, billing data, and allocation drivers with precision. Separated Regulatory Accounts and LRIC model results get prepared, audited, and submitted to the Telecoms Regulatory Authority of Oman every year, backed by the models and documentation TRA requires. Reconciliation runs through the role constantly, checking cost outputs across network, wholesale, and retail services, and matching input data against the Company GL, Statutory Accounts, and Management accounts. Cost analysts extracting data from ERP, GL, FAR, and other subsidiary sources fall under your control, with cost allocation processes executed against the most appropriate available drivers. Profitability models get maintained and updated too, producing management reports and insights on service profitability and margin analysis across the business. Accounting Separation Methodology Documentation, WACC calculations, and Divisional Financial Statements all need annual preparation, audit, and submission, broken down across Fixed, Mobile, and other segments. Consultants, auditors, and the TRA itself all stay in regular contact, since audit observations need addressing and regulatory requirements need clarifying on Omantel's behalf. Cross-functional work with finance, marketing, network operations, network planning, and sales rounds out the role, gathering data and insights to drive profitability improvement initiatives.
Required skills
Key responsibilities
- Develop and maintain FAC HCA, FAC CCA, and Top Down LRIC cost models for fixed and mobile networks
- Prepare and submit audited Separated Regulatory Accounts and LRIC model results to the Telecoms Regulatory Authority of Oman annually
- Reconcile cost outputs across models for network, wholesale, and retail services in compliance with the regulatory and license framework
- Build standalone costing models to segregate cost inputs across different services
- Control cost analysts' extraction of financial data from ERP, GL, FAR, and other subsidiary sources
- Execute cost allocation processes based on the most appropriate available drivers
- Analyze SRA results to identify variances and propose adjustments that maximize benefits
- Maintain and update the DFS to keep it aligned with parent financials and SRA requirements
- Identify fixed and variable costing elements and implement structured data capture mechanisms for model inputs
- Ensure full auditability and transparency within models from inputs through to final outputs
- Submit the Accounting Separation Methodology Documentation and IS list to TRA within the required timeframe
- Audit and submit the WACC calculation and Divisional Financial Statements, including breakdowns across Fixed, Mobile, and other segments
- Liaise with consultants and auditors to clarify and meet regulatory requirements on Omantel's behalf
- Present key regulatory information from the annual SRA submission to Omantel Management with strategic recommendations
- Conduct in-depth financial analysis to assess profitability across products, services, projects, and business units
- Model future profitability scenarios under different variables and assumptions
- Collaborate with finance, marketing, network operations, network planning, and sales teams to implement profitability improvement initiatives
- Train and develop costing department staff in regulatory cost accounting best practices and methodologies
Experience & skills
- Hold a bachelor's degree in Accounting and Finance or a related field
- Bring a minimum of 7 to 11 years of relevant experience in regulatory cost accounting or telecom finance
- Show strong knowledge of Cost Accounting Standards, Cost Allocation, and Cost of Service Studies
- Demonstrate experience with HCA, CCA, and LRIC regulatory costing methodologies
- Apply strong financial analysis, financial modelling, and financial audit skills
- Understand telecom infrastructure and telecommunication services well enough to map costs accurately
- Carry experience working with ERP financial systems and reconciling data against statutory and management accounts