Senior Finance Officer
Oil and Gas
Total years of experience :12 years, 1 Months
Budgeting & Forecasting: Finalized annual budgets (Approx. US$ 22 Mn) for 04 years for the subsidiaries and the group with analytical reviews and the next 05 years business plan.
Management reporting: Reported Monthly P&L with variance analysis, Balance sheet notes with reconciliations of bank balances, accounts
receivable & payable, Cash flow forecast with collections status, and aging analysis of receivables and payables to the Management.
Statutory reporting: Prepared and submitted statutory reports such as analytical reports to the board of investment (BOI), reports required by
customs and audited financial reports.
Capital assets management: Ensured proper recording of new purchases, disposals and transfers of fixed assets and maintained records of fixed assets and associated depreciation schedules for
financial reporting, audits and insurance.
Balance reconciliation: Reconciled 04 Bank accounts balances, 03 Customers and 140 Vendor balances monthly.
Payroll: Reviewed payroll monthly payroll and posted payroll-related journal vouchers in ERP.
Cash flow management: Prepared Monthly cash flow forecast, Collections status report and Payments plan by liaising with Sales, Supply Chain and HR Department.
Treasury: Assisted Finance Manager in preparations of reports to the banks for annual facility renewal and budget preparation annually. And, Liaised with the bank in matters related to Online Payments, Packing Credit Loans (PCL), Telegraphic Transfers (TT) and Letters of Credit
(LC).
Accounts payable: Processed payments amounting to approx. USD 2 million monthly for salaries and vendors via the HSBCnet and Bank Muscat online payment portals and posted payment vouchers in the ERP system.
Accounts receivable: Collaborated with the Sales department on collections disputes.
Audit: Liaised with external auditors in the year-end statutory audits.
Tax: Maintained tax schedules for the submission of income tax returns and VAT returns and attended to matters related to tax disputes.
Supervision: Training and supervising finance staff in the group & subsidiaries regarding ERP functions.
BSc. Special in Business Management (Second Lower Class)