Job Description

Roles & Responsibilities

Financial Management

• Oversee accounts payable, receivable, and general ledger operations.

• Prepare and maintain profit and loss statements, annual budgets, and long-term financial projections.

• Monitor cash flow and ensure timely supplier settlements.

• Manage rebate income, promotional contributions, and other supplier-related financial settlements.

Compliance & Audit

• Ensure adherence to Omani accounting standards and financial regulations.

• Be fully aware of Oman’s 5% VAT requirements, file VAT returns regularly, and ensure compliance.

• Coordinate with external auditors and manage audit processes effectively.

Inventory & Stock Accounting

• Monitor stock valuation, aging, and clearance accounting.

• Reconcile stock records with procurement and warehouse teams.

• Support procurement in aligning financial records with stock movement.

Sales Analysis & Reporting

• Conduct product-wise sales analysis to identify trends and profitability.

• Prepare daily sales reports for management review.

• Provide insights into sales performance and recommend corrective actions.

Expense Control & Leakages

• Monitor and control operating expenses to maintain profitability.

• Identify and highlight financial leakages or inefficiencies, and implement corrective measures.

• Support management in cost optimization initiatives.

Supplier & Promotion Accounting

• Track supplier agreements, rebates, and promotional contributions.

• Ensure accurate accounting of flyer promotions and marketing support from suppliers.

• Collaborate with procurement to align financial terms with supplier negotiations.

Desired Candidate Profile

• Bachelor’s degree in Accounting, Finance, or related field.

• Professional qualification required: ACCA, CA, or MBA in Accounting & Finance.

• Minimum 5–7 years of accounting experience, preferably in retail or hypermarket operations.

• Strong knowledge of Omani VAT (5%) regulations, tax laws, and financial compliance requirements.

• Experience in preparing profit and loss statements, annual budgets, and financial projections.

• Proficiency in ERP/accounting software and MS Office applications.

• Strong analytical skills with expertise in sales and expense analysis.