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Muscat College is a private higher education in Oman offering various university degree programs in full affiliation with international universities.  The college is seeking to fill the following vacant positions:   


Deputy Director for Finance - Reference (1714)


The Finance Department is in charge of managing the financial transactions of the college. In particular, responsibilities mainly include collection of fees from the students and Ministry, communication with banks on financial related matters, managing the college budgetary controls, managing the operational cost, preparing financial sheets, preparing financial projections, conducting annual audits, preparing required reports, other duties and tasks assigned by the management.


Main responsibilities  :

*   Contribute pro-actively on all issues relate to Finance department decisions and the College at large. 

*   Supporting, coaching and motivating the Finance  team to ensure quality and timely deliverables.

*   Ensuring presence of adequate internal control procedures for financial accounting and compliance with the established policies and procedures.

          *   Identify the department new risks as they arise and update the Risk Register in coordination with Finance Director

         *   Approve monthly bank reconciliation

         *   Approve monthly AR and AP reconciliation with GL

         *   Approve related parties reconciliation

         *   Approve weekly Oracle Events log reports

         *   Approve new  account codes and new suppliers log report

         *  Approve monthly Payable exceptional report

          *  Approve monthly AR Collection reports

          *  Accurate, timely and consistent reporting to owner.  Half yearly accounts to be prepared and sent to Lenders in compliance with credit agreement.

         *  Ensure accurate and up to date controls and accounting system and records are maintained.

         *   Prepare quarterly pre-reading for Dean

          *  Prepare quarterly pre-reading for owner

           *  Provide financial analysis and performance reporting on the Company’s investment.

 *   Manage the external Audit process and ensure the financial statements completed accurately and speedily and are presented to Shareholders and Audit Committees for approval of owner on time.

           *   Ensure audit all requirements are met smoothly, timely and accurately

           *   Monitoring and ensuring College’s assets are properly accounted in compliance with the international accounting standards and used in accordance with management authorization.

           *   Maintain effective, efficient and well controlled processing of invoices and payments.

           *    Work closely with other departments to ensure that issues on payments are promptly resolved.

           *    Ensure sufficient controls are maintained around AP and I-Expense processes.

           *    Encourage team members to be vigilant on any suspected transactions

           *    Manage month-end and year-end closing processes and  ensure the accuracy of financial transactions and produce management reports and financial statements  compliance with IFRS, tax law, companies commercial law, etc.

           *    Liaison with Tax inspectors and ensure the Tax assessment is achieved smoothly.

           *   Review annual tax returns to Tax authorities in line with the Tax Law.

           *   Ensure that quarterly contractors and sub-contractors report is prepared and submitted to Tax Authority on time

           *   Monitor and ensure financial system is all the time robust, stable and reliable

           *   Review new business requirements/application enhancement/strengthening controls and endorse for implementation when required.


Minimum Qualifications

  1. Field-related Master/Bachelor degree {Finance/Accounting).
  2. It is preferable that the candidates have more than 2 years of related experience