Assistant Manager - Financial Reporting

Muscat, Sultanate of Oman | Posted on 29/12/2025

The Assistant Manager – Financial Reporting plays a key role in overseeing financial reporting activities, ensuring compliance with the relevant IFRS and local regulatory requirements and enhancing financial reporting accuracy. This role involves participating in the strategic planning process and co-ordinate the budgeting and forecasting process of the Bank. The person should also ensure compliance with the local tax regulations. This role also requires supporting the staff in regulatory reporting/MIS team as and when required

• Prepare/Review the skeleton financial statements for both Consolidated and Islamic and discuss and get approval for changes, if any, from Senior Manager, Financial Reporting, Head of Finance and the auditors of the Bank.
• Prepare/Review the Bank’s financial statements for both Consolidated and Islamic, both quarterly for FSA as well as annual financial statements, in compliance with IFRS/AAOFI framework, based on the skeleton agreed as above.
• Co-ordinate with the statutory auditors for smooth completion of the quarterly reviews and audit within the prescribed deadlines and in compliance with the statutory regulations. Also interacting with other departments for the smooth flow of information as requested by the external auditors for the completion of their work.
• Prepare the Board presentations, rating agencies presentations and preparing any other information requested by Board or Executive management.
• Review of the investment sheet on a monthly basis and preparation of the investment performance summary for inclusion in the EMC and ALCO meeting
• Supporting in the BBB and General insurance (Property Insurance, Cyber Crime, EEI Policy, CGL and Travel Policy) annual renewals
• To adhere to the FSA, MSX and CBO guidelines for the financial reporting.
• To ensure the year end deliverables of annual report, summary annual report, MD&A both in English and Arabic are completed in an efficient and timely manner
• To spearhead all Arabic translations of the Bank on a quarterly and annual basis

• Preparing the monthly investment portfolio sheet in coordination with the Treasury Bank Office (TBO) using the reports received from them and ensuring that the portfolio is up-to date and complete and all the entries relating to purchase, sale of equity, gain or loss on sale of investments, dividend received and revaluations have been accounted for on a timely basis
• Recommending the GL accounts opening in the core banking systems for investment related activities on TBO request.
• Assist product team and IT department for any product development in the system by providing GL parameters / accounts / involvement in testing
• Driving the automation initiatives for the financial reporting team
• Act as a back up to the tax officer in case of absence to ensure that the tax-related activities are completed in a timely and efficient manner
• Submitting the quarterly and annual financial statements in the FSA XBRL Portal to ensure compliance with the reporting requirement
• To perform variance analysis and monitor movements in the BS and PL on a quarterly and annual basis and keep the reasons for the movement ready for responses for CBO and the audit team
• Publication of the financial statements on a quarterly and annual basis as per CBO/MSX requirement
• Year end liaising with regulatory reporting and CBO team

• To keep abreast of the latest changes in the IFRS and AAIOFI to enable effective Financial Reporting
• To keep updated on the changes in FSA/MSX or CBO guidelines in relation to the financial reporting.
• To improve understanding of bank’s policies/procedures
• To coordinate with HR/IT for regular training on updated versions of the systems used

• To ensure compliance with Bank rules & regulations & staff conduct policies
• To liaise with CBO examiners jointly with Management Accounting team and coordinate with other departments in order to provide required information and provide all returns / forms required from Finance Department.
• To assist in the Annual Business Budget / Plan.
• To maintain the operational standards and safeguard the Bank from loss and fraud.

• Bachelor'sDegree in Finance or Accounting with minimum 3-5 years in financial reporting as per IFRS, preferably in a Bank or listed companies
• Professional qualification like ACCA/CA/CPA would be an added advantage. Candidates pursuing ACCA/ CPA or Master’s degree can also apply
• Strong communication and engagement skills – written, oral and presentation
• Highly competent in the use of Microsoft Office – Word, Excel, and PowerPoint, MS Project.