The Role
The Finance Manager will oversee all financial management activities including reporting, budgeting, compliance, and financial controls for a construction company in Oman.
Summary Generated by Built In
We're recruiting a Finance Manager for one of our clients, who is a construction company based in Muscat, Oman.
About Our Client:
Our client is a leading construction company specializing in infrastructure development, building construction, and project management services. The company is committed to delivering high-quality projects with a strong focus on safety, sustainability, and operational excellence across residential, commercial, and industrial sectors in Oman.
Key Responsibilities:
- To be responsible for the full spectrum of financial management, including financial reporting, bookkeeping, treasury, VAT compliance, project cost accounting, budget management, and external audit coordination. The role is aligned with IFRS accounting standards, Oman VAT Law, and IMA financial management principles
- Prepare accurate and timely monthly management accounts, including the Profit & Loss Statement, Balance Sheet, and Cash Flow Statement
- Maintain accurate, complete, and up-to-date general ledger records for both entities in accordance with IFRS; ensure all accounting transactions, including journal entries, accruals, prepayments, depreciation, provisions, and period-end adjustments, are processed correctly and on schedule; enforce month-end and year-end closing disciplines
- Manage all client invoicing and payment collections; maintain an accurate and up-to-date receivables ledger, aged debtor analysis, and cash receipt records in the ERP system
- Process and approve vendor, subcontractor, and supplier invoices in strict accordance with the Group Authority Matrix and Delegation of Authority framework
- Manage all bank accounts, banking facilities, and banking relationships; monitor the Group's daily cash position and ensure adequate liquidity is maintained to meet project payment obligations, payroll, and vendor commitments
- Lead the Group-wide annual budget preparation process; issue budget preparation guidelines and templates to all Heads of Department (HODs)
- Monitor actual financial performance against the approved annual budget monthly
- Manage all VAT obligations; prepare quarterly VAT returns accurately, submit them to the Oman Tax Authority (OTA) by the statutory deadline, manage VAT payments, and maintain complete VAT records and supporting documentation
- Project Cost Accounting and Margin Performance Monitoring
- External Audit Coordination and Statutory Financial Compliance
- Implement, maintain, and monitor financial controls in accordance with the Group Authority Matrix, Delegation of Authority framework, and Internal Audit recommendations
- Payroll Financial Oversight and Staff Cost Management
- ERP Finance Module Administration and Data Integrity
- Financial Risk Management and Stakeholder Communication
Requirements
- Qualified CA or ICWA
- 15–20 years of Finance and Accounts experience in construction, project-based, or engineering services companies
- Preferably worked in Oman and familiar with local laws and regulations
Benefits
- Employee Benefits as per the Oman Labor Law
- Competitive Salary
Skills Required
- Qualified CA or ICWA
- 15-20 years of Finance and Accounts experience in construction, project-based, or engineering services
- Preferably worked in Oman and familiar with local laws and regulations
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The Company
What We Do
Decision Management Consultants (DMC) is a trusted and experienced business consultancy firm in the UAE, established in 1990, providing expert guidance for business setup, growth, and success.
