JOB PURPOSE: To oversee and manage the day-to-day financial operations of ADC, ensuring the accurate and timely processing of accounts payable, accounts receivable, and general ledger accounting, while maintaining robust internal controls and compliance frameworks. The role is responsible for driving operational efficiency across transactional finance functions, ensuring the integrity of financial records, and supporting the delivery of accurate financial reporting in alignment with ADCs policies and standards, always safeguarding the organization s financial health and operational continuity

KEY ACCOUNTABILITIES:

Description

Strategy Formulation

Contribute to the formulation and implementation of the departmental strategy and plans to ensure alliance with ADC s business line needs and objectives.

Leadership

Manage department staff by overseeing their performance management, recruitment, training and development to ensure high level of engagement and motivated work environment.

Sourcing of Funds

Oversee the monitoring of the cash forecasting, investment, and reporting of each category of funds to ensure efficient debt and cash management for concerned projects in consistency with ADC s policies.

Engage private investors, government bodies and foreign investors to source funds for the realization of ADC s visions.

Formulate a cash flow matrix to monitor the flow of funds and the return on investment to the investors and the stakeholders.

Financial Accounting

Direct the preparation of financial statements.

Review charts of accounts and propose any new accounts.

Implement any new IFRS standards and make the required changes.

Internal Control and Audit

Monitor all internal controls to ensure the company s assets are safeguarded, financial risks are minimized, and all statutory requirements are met.

Review all internal controls through external audits and monitor the financial effectiveness of internal systems.

Audit Liaisons

Engage external auditing agencies for handling the audit processes and co-ordinate the entire process for the various departments.

Risk Management

Recognition of risk, risk assessment, developing strategies to manage it and mitigation of risk using managerial resources.

Mapping out the following: the social scope of risk management, the identity and objectives of stakeholders, and the basis upon which risks will be evaluated as well as constraints.

Change Management

Manage and oversee change in policies through continuous improvement of departmental systems, processes and practices considering international leading practices, changes in international standards and in the business environment, and recommend actions.

Policies, Systems, Processes & Procedures

Develop and oversee the implementation of departmental policies, procedures and controls covering all areas of department activity so that all relevant procedural/ legislative requirements and standards are fulfilled while delivering a quality, cost-effective service in a consistent manner.

Quality, Health, Safety, & Environment

Ensure compliance to all relevant quality, health, safety and environmental management procedures and controls in all general ledger accounting activities to guarantee employee safety, compliance, delivery of high-quality products/ service and a responsible environmental attitude.

Reports

Ensure that all departmental reports are prepared in a timely and accurate manner to meet ADC policies and standards, and department requirements.

Any ADHOC task as on required by the line manager.

Desired Candidate Profile

• Bachelor's degree in finance
• Preferably MBA or equivalent post-graduate qualification from an internationally recognized business school
• ACCA or CIMA is a plus
• 7 years experience working in Finance Department of a large sized process/manufacturing industry, with a minimum of 5 years of experience in a supervisory role.
• Knowledge of Ship Repairing processes
• Functioning of various departments
• Financial guidelines and accounting
• Taxation guidelines of Oman
• Risk management
• (IFRS)
• ACCA
• CIMA