Job Purpose

Responsible for executing all accounting activities for Muscat Clearing and Depository Company, maintaining general ledger accounts, entering all financial transactions into the accounting system, and preparing financial reports/data accurately and timely in accordance with financial policies, procedures, guidance, and international accounting standards.

Responsibilities

Detailed Duties and Responsibilities Financial Policies and Procedures:

• Implementing financial department policies and procedures.

Financial and Accounting Responsibilities:

• Posting accounting transactions in the general and subsidiary ledgers according to Muscat Clearing and Depository Company's accounting system.
• Compiling monthly general ledger and subsidiary ledger entries to prepare balances and ensure accuracy for business results and financial position of the company.
• Receiving payroll data from HR department and any other cash disbursements for recording in the financial department's system.
• Daily reconciliation of cash on hand with the books to ensure no discrepancies.
• Reconciling bank balances with bank statements and performing necessary adjustments at the end of each month.
• Preparing monthly account statements for customers and suppliers to confirm accuracy and reconcile any differences if found.
• Monitoring collection and payment of settlement fees (transfers and fines) in coordination with the Settlement Department.
• Preparing revenue claims and related receipts and monitoring mortgage fees and releases.
• Preparing all financial reports (balance sheet, income statement, cash flow) or any financial reports related to the company's financial statements periodically and as requested according to the company's financial policies.
• Participating in monthly and annual inventory audits and monitoring purchase documents, comparing them with inventory on hand.
• Participating in internal audit operations and coordinating with external audit firms to ensure audit operations are conducted properly.
• Reporting risks and incidents occurring in the department to the direct supervisor.
• Executing any other tasks assigned by the direct supervisor within the scope of work.
• Interpret and analyze financial statements and periodicals

Reports:

• Preparing accounting and financial management reports, suggesting appropriate corrective actions, and submitting them to the direct supervisor.
• Preparing financial analysis for periodic financial reports submitted to the direct supervisor or senior management.

Qualifications & Experience Requirements:

• Bachelor's degree in accounting or related field
• 0 - 2 years in the same position in the related field