Job Purpose:

Guide the Finance function and provide thoughts and insights on implementation of Sohar Industrial Port Group Treasury Accounting and Reporting activities, policies and procedures to ensure timely and accurate reporting of treasury information and disclosures on a monthly, quarterly and yearly basis

Treasury Management

• In line with the corporate goals and objectives, ensuring that an appropriate level of gearing, liquidity and profitability ratios are maintained in both book value and, wherever applicable, market value terms.
• Sourcing the appropriate form of long-term finance for funding projects of strategic and capital nature and predicting working capital gaps and sourcing of bridging facilities or adopting other appropriate measures to map the gaps.
• Hedging of interest rate risk through choice of fixed or floating rate facilities, use of forward rate agreements, interest rate futures and/or swaps, etc.
• Identifying avenues for secure investments of short-term nature for surplus funds based on projected cash flows.
• Hedging the exposure of receivables and payables through an appropriate deployment of derivatives, netting, matching, factoring, leading, lagging, choice of transaction currency, locking of contractual exchange rates and tariffs, choice of legal jurisdiction, choice of legal vehicle, etc.
• Liaise with banks in order to obtain bank statements and reports in order to analyze the same and provide feedback on SOHAR Group’s group cash position.
• Ensure that the cash flows are well managed to cover contingencies and make cash available to meet SOHAR Group’s ongoing obligations.
• Update the general ledger and other balance/income statements in order to produce monthly reports.
• Implement and maintain an effective system to facilitate payments to suppliers, vendors, employees and other creditors of SIP Group in a timely manner and in line with SIP Group group’s standards.
• Submit Accounting reports to the Ministry of Finance and Central Bank of Oman to ensure up to date information is provided.
• Liaise with IT department to ensure suitable implementation of software for financial accounting functions.
• Coordinate with various departments to obtain information and explanations on variations in actual results for reporting purposes.
• Manage the development of organizational budget and monitor financial performance versus the budget while ensuring all departmental activities are conducted in line with the approved guidelines.

Minimum Qualifications

• Bachelor’s degree in accounting & finance or equivalent.
• 5 years’ experience in a financial function.
• Proven experience in treasury management.
• Professional qualification as Certified Public Accountant, Certified Management Accountant or equivalent is preferable.
• Strong Knowledge of Generally Accepted Accounting Principles (GAAP).
• Experience in working with targets and tight deadlines.
• IFRS Standards.
• Significant professional accounting experience.
• Knowledge of reputed financial / accounting systems.
• Knowledge of financial planning and budgeting
• Specialization in accounting and finance.
• Demonstrate analytical skills.
• Demonstrate internal and external stakeholder skills.
• Demonstrate the ability to communicate with senior stakeholders.
• Mature, proactive, energetic, hands-on and result driven with strong passion for excellence and attention for operation details.