Finance Officer

Oman Investment Authority

Accounts Payable & Invoices:

• Verify invoices with purchase orders and approvals using ERP.
• Process supplier invoices accurately and on time.
• Maintain proper filing of invoices and supporting documents.
• Reconcile supplier statements and resolve discrepancies.
• Prepare accounts payable aging reports.

Payments:

• Prepare payment vouchers and payment schedules
• Process bank transfers, cheques, and online payments using ERP system and online banking.
• Ensure proper authorization before releasing payments.
• Perform monthly bank reconciliations.

Monthly & Yearly Closing:

• Assist in month-end closing activities
• Prepare journal entries (accruals, prepayments, adjustments)
• Reconcile general ledger accounts
• Assist in preparing financial statements
• Support year-end closing and documentation

Internal & External Audit Support:

• Provide required documents for internal audits
• Prepare schedules and reports requested by auditors
• Assist in responding to audit queries
• Ensure proper documentation and record keeping
• Support implementation of audit recommendations

Taxation (VAT, WHT & Income Tax):

• Prepare VAT reports and assist in VAT filing
• Calculate and process withholding tax (WHT)
• Assist in income tax computations and filings
• Maintain tax records and supporting documents
• Ensure compliance with local tax regulations

Budgeting:

• Assist in preparing annual budgets
• Support departments in collecting budget information
• Assist in preparing actual expenses against budget
• Assist in preparing budget variance reports
• Highlight major variances to the Finance Manager
• Assist in budget revisions and forecasts