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Job Reference Code : OCC/20 / 124
Job Title : Project Financing Manager
Job Location : Muscat / Al Duqum
Job start date : 20/01/2020
Department: Finance
Preferred Qualification : Bachelors’ degree in Finance graduate from well reputed organization, Specialised MBA in finance / Accounting preferred
Preferred Years of Experience : Minimum 8 years relevant work experience in a similar industry, and worked at least 3 years in leadership rule
Additional certificates Required : professional certification such as FCCA, ACA, FCPA or G-FCMA is preferred

Contract term (3 years)


Project Financing Specialist

Responsiblefor building, operating, and interpreting financial models in support ofCompany’s development activities globally. The role also requires engagementwith project financiers during the sourcing of debt and equity, and isfundamental to the financial close process.   

Financial Controller

Ensure, manage and maintainall financial transactions are executed in compliance with applicable laws andregulations to ensure the provision of effective financial and accountingservices submitted to management on timely basis with proper book-keeping.

Maintain financial recordswith proper audit trail in accordance with the provision of accountingstandards, applicable laws and regulations, Company policies and procedures andInternational Accounting Standards.

JobDuties and Responsibilities

Strategyand  Planning:

·Formulateand recommend operational and technical inputs and insights to Departmentstrategies, objectives and expenditures, within approved schedule andframeworks, to ensure business profitability and continuity.

·Assist informulating Department KPI’s in line with Company performance targets to setattainable and challenging goals and engage employees on main business resultsand targets.

·Cascade down and monitor KPI resultsand oriented and engage employees on continued commitment to overcomeconstraints and difficulties to obtain expected results.



Policies,Process, Procedures Compliance :


·Assist onformulation or improvement of policies, procedures and process, in line withcompany requirements and Board orientations to increase organizationalefficiency and effectiveness.

·Apply andmonitor adherence to approved Company policies, procedures and processes sothat work is carried out in a controlled manner and in line with companyrequirements and Board orientations.

·Responsiblefor execution and follow up of the operation business plan related to theplanned shutdown.

·Ensure that lead area conducts its activitieswith integrity, honesty and accountability by complaining with the Company Codeof Business, all legal provisions and approved business standards.


Continuous Improvement and Minimize Risks:

·Identify andimplement in the lead area initiatives for eliminate activities that do not addvalue to the business, reduce costs and increased operational efficiency andenhancing the Company`s competitiveness.

·Contributeto Department "Management of Change" by identifying and implementingproactive actions to continuous improve processes, systems and practices takinginto account changes in the business environment and ‘international bestpractice’.

·Formulateand recommend operational and technical inputs and insights to Department RiskManagement Plan with identification, assessment and mitigation plans, withinapproved schedule and frameworks, to minimize risks impacts and ensure businesscontinuity.

·Ensure inlead area that risks taken are within the parameters set by the Board and allactions in its scope of responsibility are according with practices andstandards of the Company.


Safetyand Cleanliness:

·Ensure strictly safe andhealthy conditions across the lead area by all employees, suppliers or visitorsin day to day operation through strict compliance with the rules of minimizingrisks and increasing safety.

·Ensure strictly respect for theenvironment and preservation of natural resources used in day to day operationby the strict compliance with environmental rules and resource economy.


People Management:

·Monitor in lead area theemployees’ adherence to Human Resource policies and procedures includingattendance, leave, working hours, etc. in order to ensure that work is carriedout in a controlled manner and in line with company requirements and Boardorientations.

·Perform individual targetsetting, formal and informal feedback and appraisal, coach and mentoring(especially to Omani nationals), in order to maximize subordinate motivation,performance and knowledge transfer.


Financial Controller:

§  Manage the preparation of monthly, quarterlyand annual financial statements (profit and loss accounts, budgets, cashflows/working capital and resource consumption and capital expenditures) to bepresented to the respective stakeholders within and outside the organization.

§  To prepare and maintain all financialstatements and books of accounts for meeting the financial reportingrequirements at senior management and Board level.

§  Ensure timely and accurate managementreporting on key operating drivers along with variance analysis against settargets.

§  Assist superior in implementing variousfinancial internal controls and risk management systems, frameworks andpolicies and procedures

§  Prepare IFRS memorandums related to financialinstruments and document the accounting process accordingly;

§  Ensure finance related SOPs and practices areapplied as well as the compliance with IFRS standards;

§  Prepare hedge accounting files and efficiencytesting per international standard requirements;

§  Control and stimulate the mark-to-marketvaluations on different derivative transactions and assess the impact in the books,with deep analysis on the best suitable option/alternative recommendation tohead of Finance.;

§  Manage cash flow planning process and ensurefunds availability.

§  Provide financial analyses as needed, inparticular for investment fund development, pricing decisions with productsdesignated for sale, and contract negotiations

§  Manage the processing of all invoices andemployee-related payments upon receiving written approval and relatedsupporting documentation from the respective departments within the Company inline with Manual of Authority.

§  Manage reconciliation on all pre-payments andexpenses against the approved budgets and highlight significant deviations forcorrective action or write-off.

§  Carry out the reconciliation of all bankaccounts in order to ensure that all banking transactions are accurate.

§  Review monthly payroll and preparereconciliation to analyze the variation in payroll with previous month.

§  Coordinate and act as focal point on variousactivities with counter parties; lenders, banks, creditors, debtors, auditors,tax authorities and other concerned parties as and when necessary.

§  Review ledger balances and non-routineaccounting entries prior to month end closing.

§  Manage Company debt management custodian toattend all Loan facility requirements and efficiently consolidate on positionsunder the book.

§  Manage the review of various types ofreconciliation statements of accounts on monthly basis to properly keeping thebook in order and ensure all statements are aligned.

§  Manage, maintain and update various financialregisters; including fixed asset register on monthly basis such asreconciliation. Additions, deletion, disposal and carry any adjustmentsrequired.

§  Act as the focal point with regarding projectsand asset capitalization with both plant and project teams.

§  Review collection reports to determine thestatus of collections and the amounts of outstanding balances.

§  Perform SAP – Financial Module Custodian roleand other MIS on Accounting IT related functions.

§  Establishes and maintains financial recordssystems in   accordance with generallyaccepted auditing standards and accounting principles.

§  Develop a good understanding of Omani taxregulations and perform tax management functions as related to the project.Review provisional and annual return of income tax before submission to the taxdepartment.

§  Monitor at regular intervals liquidity of SMC.

§  Compare actual of current year month vs.previous year month and current month budget and analyze the reason forvariation.

Project Financing Specialist:

§  Build, own, and operate high quality financialmodels for the projects.

§  Produce analyses from those models to optimizereturns, support decision making in the development team, and facilitatefinancing.

§  Build relationships with debt financiers andimplement debt procurement processes as projects reach maturity.

§  Support developers and the Company executivein assessing off take, financing, and structuring opportunities.

§  Pro-actively seek improvements in Company’sproject financing and structuring.

§  Manage all project accounting, audit,budgetary controls, procurement, monitoring of project and financialperformance/progress reports and disbursement of funds.

§  Participate in relevant project meetings toensure financial control of the projects

§  Coordinate the implementation of financialproject controls, project system in SAP, and procedures based on contractrequirements

§  Process and procedures to collect cost, and procurement from rig sites for cost tracking. Review these against actualvendor invoices and advise of any required changes etc.

§  Review all costs charged to Projects in SAP ondaily basis and liaise with Project Manager to ensure costs have been correctlyrecorded and allocated.

§  Responsible for review and accuracy for thirdparty invoices properly supported, charges are correct, and invoiced to theclient/sub-contractors if necessary.

§  Assesses the impact of scope of work changesand schedule slippages.

§  Present monthly/quarterly overview of projectfinancial status to Leadership teams.

§  Responsible for Cost Center and WBSstewardship, monitoring project budgets and all project related expenses.

§  Develops strong working relationships with allmembers of project team and leads the team in financial discussions.

§  Assist project manager in project closure andprepare financial documents for after action reviews. Develop actions tocorrect un-favorable variances, mitigate risks, and improve profitability andcash flow

§  Manages, develops, and leads Project Financestaff




·Bachelors’ degree in Finance graduate from well reputed organization, Specialized MBA in finance /Accounting preferred.

·MBA in Operation management will be advantage.


Experienceand Knowledge and Skills

·Minimum 8 years relevant work experience in asimilar industry, and worked at least 3 years in leadership rule

·Profound knowledge of accounting and financialprinciples, procedures, and International Accounting Standards.

·Demonstrated experience and competence inbudgeting, project accounting and financial reporting procedures for large,complex aid-funded projects and efficient systems for international fundstransfer

·Significant experiencewith career progression through increasingly more responsible positions incement manufacturing,

·Relevant professional certification such as FCCA,ACA, FCPA or G-FCMA is preferred

·Knowledge of Intelligent Platforms; Bloomberg,Reuters. As other valuation tool is an asset;

·Good analytical skills, attention to detail andan excellent MS office literacy;

·Strong organizational, critical thinking, andcustomer service skills;

·Multi-task and able to manage competingdeadlines as well as to work under pressure:

·Strong accounting experience in IFRS ,management accounting and analytical review, project financing, system &processes review

·Audit background will be an advantage

·Advanced excel skills (ability to write macroswill be strong advantage)

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