Financial Accounting Lead

Oman Investment Authority

The Lead of Financial Accounting is responsible to lead, plan, prepare and organize Financial Accounting, General Ledger, Fixed Asset, Accounts Payable, Accounts Receivables, consolidation, statutory reporting, and tax activities for MDO and its subsidiaries. The role ensures the accurate financial reporting, compliance with international and local accounting standards, effective consolidation processes, and robust tax governance across all entities. The role provides technical accounting leadership, oversees tax compliance and reporting. The role safeguards company assets, ensures adherence to IFRS and OIA governance standards, and leads all external and internal audit processes.

Financial Accounting

Ensure timely and accurate month-end, quarter-end, and year-end close of MDO Standalone and consolidated level. Preparation of financial statements, consolidations, and management reports for MDO and subsidiaries in compliance with IFRS. Review and approve intercompany accounting entries and ensure timely reconciliation of intercompany balances. Manage the annual closing process and ensure that the accounts are prepared in accordance with accounting standards and meet the statutory publication timetable. Draft the year end closing plan and ensure timely completion of the standard year end accounts as per the area of responsibility. Responsible for timely and accurate reconciliations prior to the yearend. Highlight and ensure adequate actions are taken on all outstanding items in order to close them on time. Maintain and update MDO s accounting policies and procedures, ensuring alignment with OIA and statutory standards. Ensure all financial transactions are accurately recorded and reconciled, including general ledger, accounts payable/receivable, payroll, and fixed assets. Prepare the accounting for investments, divestments, and project financial close-outs under Stage-Gate governance. Ensure intercompany accounting is compliant with accounting standards and aligned with consolidation requirements. Lead consolidation of financial results across all entities, ensuring accurate elimination, translation, and reporting. Establish and maintain consolidated close calendars, procedures, and controls. Process supplier invoices as and when received, keep track of payment made and handle all related queries on regular basis.

Audit & Compliance

Lead coordination of internal and external audits and ensure timely closure of audit recommendations. Assist the external auditors by providing desired information and explanation wherever required. Ensure all management letter observations are dealt with & closed as per the agreed action plan. Ensure smooth functioning of the audit related work and targets are met before the deadline. Maintain audit readiness across the organization. Ensure all statutory and shareholder reporting obligations are met.

Taxation & Statutory Reporting

Oversee preparation and filing of all tax returns, ensuring compliance with Omani tax laws and OIA reporting requirements. Manage transfer pricing, deferred tax, and withholding tax obligations across group entities. Maintain proactive relationships with the Tax Authority to ensure efficient compliance and risk management. Prepare the Final Income tax return by filling in all the necessary information in desired format. Respond to Tax authority inquires by discussing issues and solutions with the Finance Manager in appropriate and timely manner. Close the Tax audits & assessment with the Tax authority on timely basis by proactively providing information in relevant format.