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Senior Financial Accountant – Electricity & Utilities
Job in
Muscat, Oman
Listed on 2026-01-01
Listing for:
Fintlerteam@2022
Full Time
position Listed on 2026-01-01
Job specializations:
-
Finance & Banking
Financial Reporting, Financial Analyst -
Accounting
Financial Reporting, Financial Analyst
Job Description & How to Apply Below
We are seeking an experienced Senior Financial Accountant to support the finance function of a leading organization operating within the electricity and utilities sector
. This is a long-term engagement in a regulated environment, requiring strong expertise in IFRS, financial reporting, tax compliance, and finance operations.
This role goes beyond routine accounting and includes advisory‑level responsibilities, cross‑functional coordination, and involvement in finance transformation initiatives.
Role OverviewThe Senior Financial Accountant will work closely with Finance Operations, Treasury, Corporate Finance, and senior management to ensure accurate financial reporting, regulatory compliance, strong financial controls, and continuous improvement of finance processes.
Key Responsibilities- Ensure monthly closing activities are completed accurately and within established timelines.
- Prepare and maintain comprehensive financial statement models in accordance with IFRS and IAS standards, ensuring proper accounting treatment and disclosure.
- Support the company in implementing the new accounting standards such as IFRS 18, IFRS S1 and IFRS S2. The support shall be in terms of the required disclosure and any required system enhancement guidelines and support.
- Review and reconcile balance sheet accounts on a monthly basis, supported by complete schedules and backup documentation.
- Support the Finance Operations team in continuous process improvements to enhance the efficiency and reliability of GL accounting and reporting.
- Prepare a detailed breakdown of outstanding payables, including schedules for prepayments, credit card accounts, intercompany payables, and aging analysis.
- Recommend process improvements for invoice verification, payment authorization, and supplier management.
- Continue reconciliation between suppliers and company’s books.
- Ensure the timely monthly closure of the Accounts Receivable (AR) module and the accuracy of customer balances.
- Prepare a detailed breakdown of receivables, including intercompany balances, and follow up on aging and reconciliation of accounts.
- Coordinate with the Service Level Agreement (SLA) Manager to identify, allocate, and charge back shared services to sister companies within the Group.
- Ensure IFRS 9 Expected Credit Loss (ECL) provisions are calculated, reviewed, and maintained on a monthly basis.
- Support initiatives to improve collection processes, credit control, and receivable reporting.
- Ensure timely and accurate submission of all VAT, Income Tax, and Withholding Tax returns, accompanied by supporting reconciliations.
- Liaise with the Oman Tax Authority regarding assessments, audits, and queries related to prior fiscal years.
- Support NESC’s readiness and implementation of E‑Invoicing, including coordination with the Tax Authority and internal system teams to ensure full compliance.
- Proper recognition of all entries made related to Tax provisioning (VAT, Income Tax and WHT).
- Maintain appropriate documentation and controls to ensure compliance with tax regulations and minimize financial exposure.
- Work closely with the Treasury team to ensure proper accounting of loans, overdrafts, interest costs, and interest accruals as part of monthly closings.
- Assist in reconciling treasury‑related accounts and ensure financial charges are correctly allocated across cost centers.
- Provide analytical support to optimize cash management and funding utilization.
- Assist the Corporate Finance team in the preparation of annual budgets, forecasts, and business plans.
- Support variance analysis and financial modeling to assess performance against plan and highlight key risk areas.
- Support the team in building dynamic financial model for the projection and budget purposes.
- Contribute to the continuous improvement of forecasting methodologies and reporting accuracy.
- Prepare and deliver comprehensive financial and management reports as required by various stakeholders, including but not limited to:
- Business Performance Reports
- Regulatory Financial Statements (RFS)
- SCRC Statements
- Board of Directors (BOD) Reports
- Shareholders’…
Position Requirements
10+ Years
work experience
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