4 Budget Manager jobs in Oman

Finance Manager

Muscat, Muscat Muscat Engineering Consultancy LLC

Posted 1 day ago

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Job Description

Position

Finance Manager

Reporting to

CFO

Omani National ONLY

Omani National ONLY

Qualification Required
  • Finance, Business or Accounting Degree
  • Chartered Accountant, CPA, ACCA, CIMA or equivalent
  • Ability to communicate clearly in writing and speaking in English and Arabic.
Experience Required
  • At a minimum, between 10 to 15 years hands-on accounting (project and operations accounting and international experience) in a managerial capacity with global engineering and or construction company.
  • Joint Venture experience will be an advantage.
  • Management ability to shape, manager and guide an effective Accounting & Finance team.
  • Strong competencies in financial accounting including the application of Local and International GAAP. Knowledge of IFRS / US GAAP / SOX control is also an advantage.
  • A broad knowledge of tax, VAT, GST, WHT, TDS, treasury, transfer pricing, accounting and commercial management in the engineering and construction industry
  • Major ERP system experience required; SAP or Oracle experience is desired. Knowledge of Exact would be an advantage. Proficiency in Excel is needed.
  • Good Commercial acumen
  • Working closely with senior management and project and sales staff
Detailed Job Responsibilities (not limited to) General Accounting and Reporting

Overall responsible for General Accounting and Project Accounting of all Offices

Perform Intercompany Reconciliations – Monthly

Obtain monthly Foreign Exchange rates and enter in system. Document and retain source monthly for all entities. Circulate fx rates to be used every month for all offices.

Calculate fx gain/loss monthly and check systems calculations.

Monthly Reconciliations between DTS, FPR and EXACT and provide analysis to CFO with a solution.

Make and Follow Close Calendar and inform senior management, finance and project staff of the plan and the relevant dates upfront.

Ensure monthly accruals for non-project expenses.

Ensure all supplier invoices and expense reports are booked into the system via software or manually for both projects and non-projects. Ensure minimum VAT impact by matching input with output.

Evaluate liability end of service based on actuarial valuation and ensure proper disclosure.

Monthly Bank Reconciliations

Monthly Profit and Loss and Balance Sheet for management after approval from CFO

Monthly Management Reporting and Cash Flow Reporting for management after approval from CFO

Monthly DSO/DPO Reporting based on definition set in Accounting Manual for management after approval from CFO.

Prepare Board Presentation and relevant presentations as needed.

Accounting Manual and Procedure

Prepare and update Accounting and Finance Manual and all accounting procedures including invoicing, payments, currency revaluation, final accounts of staff etc. Update CFO on the changes suggested or made. Updating these can only be made after approval of CFO.

Support in documenting Revenue Recognition Policy as per IFRS 15

Support in documenting Expected Credit Loss write up for IFRS 9

Ensure method of following relevant accounting standards as per IFRS / US GAAP / Local GAAP are documented and followed.

Document DSO and DPO formulas to be used. Best Practice is last 3 months sales or purchases.

Follow IFRS 15 / ASC 606 (as relevant) and Accounting Manual for recognizing Revenue including POC Profit on non-reimbursable jobs.

Make a close calendar / plan for the year and inform relevant people.

Audit and Compliance

Overall Statutory Audit, Tax Audit and Zakat Filing (if applicable) for all offices. Ensure all audits and filings are done on timely basis.

Obtain quotes from Statutory and Tax Auditors every year for all above work and prepare analysis and refer to CFO for approval. Preference for Big 4

Obtain quotes for actuarial valuation for end of service/leave after consulting CFO for end of service and leave at these offices and prepare analysis and refer to CFO for approval.

Ensure IFRS, US GAAP and SOX Compliance and Local Compliance

VAT/WHT/Tax Filings

VAT filing and Reconciliations (Monthly) for all offices

TDS/WHT filing and monthly Reconciliation for all offices

Ensure compliance with WHT/VAT/PASI and related regulations in Oman.

Ensure compliance of WHT and VAT and other related regulations for all office,

Timely filing of Tax Returns for all offices

Budget and Forecast

Yearly Budgeting and Forecasting including Cash Flow, Profit and Loss and Balance Sheet after obtaining estimates from management, projects and sales staff. This should start September/October and completed by November/December

Document all assumptions for salary increase, work in hand, expected work, headcount, utilization and bill rate, overhead costs, payroll costs, subcontracting costs, job income margin etc.

Make a High-Level Short-Term Plan for 5 years using Discounted Cash Flow method.

Banking and Bank Guarantees and Collection

Responsible for Banking and Bank Guar antees

Support CFO in Collection and Payment Process.

Circulate Daily Bank and Cash balance to CFO and expected collections and payment for the day and next 7 days. Ensure this is done as a first priority.

Payroll

Payroll Processing and Transfer to Bank and Payroll Reconciliation Monthly

Fixed Assets and Investments and Software (Intangible or Right to Use)
  • Ensure maintenance of Fixed Asset Register and Depreciation Rate used for Statutory books for all offices.
  • Ensure maintenance of Fixed Asset Register and Depreciation Rate used for Tax books for all offices.
  • Ensure details of Software used and the method of charge / amortization / depreciation or write off.
  • Calculated Rate of Return (with payback period) for new investment after consulting CFO. Suggest methods to be used along with interest rate for the calculations using discounted cash flow method.
Insurance

Prepare calculations/analysis for Professional Indemnity, Workmen’s Compensation, Office/Fire Insurance, Fidelity, Vehicle etc as well as support HR for Medical Insurance in negotiating and obtain to CFO for approval before approval by CEO.

Department Management and Cooperation

Save and backup all data on server from computer/laptop drives.

Arrange weekly meetings of staff and CFO

Ensure segregation of duties and suggest improvements to CFO by using best practices.

Work closely with CFO on all matters relating to projects and general accounting.

Advise CFO and work closely with CFO on matters delegated by CFO.

Any other work matter delegated from time to time by CFO.

Project Accounting

Overall Responsible for Project Accounting

Work closely with Projects Control, Contracts and Projects staff to ensure all income and costs are booked on jobs.

Ensure all Project Costs do not exceed Contract Value.

Accurate and timely project accounting and related information based on relevant accounting standards.

Calculate accurate project forecasting in consultation with Project staff and Contracts department.

Check project forecasts with actuals and contract value every month and highlight anomalies.

Follow IFRS 15 and Accounting Manual for recognizing Revenue including POC Profit on non-reimbursable jobs.

Ensure all project costs and accruals and invoices and invoice accruals are booked in system every month.

Calculate fx loss/gain on project jobs and check with systems calculation.

Monthly refer all loss jobs to CFO for taking approval of CEO

Manhour Rates and Multiplier

Calculate robust manhour and overhead rates on projects.

Develop a multiplier and overhead rate based on budget, achievable recovery and working hours.

Ensure all multipliers, manhour rates and overhead rates are set for next year at time of budget preparation. Refer to CFO for taking approval from CEO.

Update above multiplier and rates only after consultation with CFO.

Review Internal Rate Mark up for all offices and suggest to CFO for changes. Changes to be made only after approval by CEO.

Internal Control and Compliance

Ensure Internal Controls are in place and is working and effective.

Ensure compliance with local regulation and standards and best practice.

Collection and Payments

Working closely with project staff to ensure timely collection from Debtors.

Timely payment to creditors

DSO and DPO calculations monthly.

Calculate and ensure sufficient Cash Flow for operations in consultation with Sr Director Finance and CFO

Self-Development

Update self on latest changes in Accounting, Finance, Governance, Compliance etc by self-learning or attending seminars.

Undertake 12 Lunch and Learn Trainings for non-finance staff in the organisation.

Suggest any other self-development and training needs from time to time.

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Finance Manager

Burjline Builders

Posted 6 days ago

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Job Description

Join to apply for the Finance Manager role at Burjline Builders

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Job Summary

The Finance Manager plays a key leadership role in overseeing the financial operations of Advario Oman. This role is responsible for ensuring accurate financial reporting, maintaining strong internal controls, managing budgets, optimizing cash flow, and providing strategic financial insights to support business decision-making. The Finance Manager will drive financial discipline, ensure compliance with regulatory and internal frameworks, and contribute to the company’s growth and operational efficiency through continuous improvement initiatives. In addition to financial responsibilities, the Finance Manager oversees the Information Technology function, ensuring that IT systems are aligned with Advario Oman’s financial and operational objectives. The role ensures efficiency, compliance, and risk control through innovative technology solutions.

Position : Finance Manager

Reporting to : General Manager/CEO

Job Location : Sohar / Oman

Summary

Job Summary

The Finance Manager plays a key leadership role in overseeing the financial operations of Advario Oman. This role is responsible for ensuring accurate financial reporting, maintaining strong internal controls, managing budgets, optimizing cash flow, and providing strategic financial insights to support business decision-making. The Finance Manager will drive financial discipline, ensure compliance with regulatory and internal frameworks, and contribute to the company’s growth and operational efficiency through continuous improvement initiatives. In addition to financial responsibilities, the Finance Manager oversees the Information Technology function, ensuring that IT systems are aligned with Advario Oman’s financial and operational objectives. The role ensures efficiency, compliance, and risk control through innovative technology solutions.

Responsibilities

Main Responsibilities

Financial Planning & Reporting

  • Prepare monthly, quarterly, and annual financial statements in compliance with IFRS.
  • Oversee budgeting, forecasting, and financial modeling across departments.
  • Analyze financial performance and provide actionable insights to senior leadership.

Operational Finance & Internal Controls

  • Manage daily finance operations including AP/AR, payroll, and banking.
  • Monitor cash flow, liquidity, and working capital to ensure efficiency.
  • Implement internal controls and coordinate audits to safeguard assets.

Strategic & Business Partnering

  • Advise management on investments, business cases, and financial decisions.
  • Provide data-driven insights to support strategic planning and performance improvement.
  • Align financial goals with operational and commercial priorities.

Governance, Compliance & Risk

  • Ensure compliance with tax laws, regulatory requirements, and group policies.
  • Lead risk assessments and develop mitigation strategies.
  • Support contract reviews and procurement negotiations from a financial perspective.

Team Leadership & Development

  • Lead, coach, and develop the finance team for high performance.
  • Foster a culture of accountability, collaboration, and continuous improvement.
  • Promote knowledge sharing and best practices across the function.

IT Responsibilities

  • Develop IT strategy aligned with financial and operational goals.
  • Oversee IT systems, cybersecurity, and digital transformation initiatives.
  • Manage IT projects, vendor relationships, and team development.

Qualifications and Work Experience:

  • Bachelor’s degree in Accounting, Finance, or a related field (Master’s or MBA is a plus).
  • Professional certifications (e.g., ACCA, CPA, ACCA, CMA) are highly desirable.
  • Minimum of 7–10 years of progressive finance experience, including 5+ years in a leadership role.
  • Experience with SAP or equivalent ERP systems.
  • Proven experience in budgeting, financial modeling, and strategic business partnering

You can apply with a resume using the link – Advario Recruitment Team

Job Id: HeXXQ4Y7bbBPw7Thgk7SgHzyv/012aPdoNwnipbeNjVPLFm7NmKWPTHrPG+wNvPoOLPyMAuSaDs=

Seniority level
  • Seniority level Mid-Senior level
Employment type
  • Employment type Contract
Job function
  • Job function Finance and Sales
  • Industries Construction

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Dibba Al Bayah, Musandam Governorate, Oman 1 month ago

Senior Manager - Revenue Assurance & Fraud Management Revenue Accounting Manager - Software Industry, IFRS 15, NetSuite General Manager - The St. Regis Al Mouj Muscat Resort

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Finance Manager – Real Estate – Muscat, Oman

Muscat, Muscat Lisa HR Consultancy

Posted 6 days ago

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Job Description

Finance Manager – Real Estate – Muscat, Oman

You will support and assist the CFO in managing all financial tasks, including accounting, treasury, compliance, financial reporting, tax, and developing internal control policies and procedures.

Provide support and coordination in the administrative, accounting, and budgeting efforts of the company.

Job Responsibilities
  • Ensure daily transactions are captured and recorded accurately in the system; assist the team in these tasks.
  • Ensure timely monthly closure of books to deliver compliant financial statements in accordance with IFRS.
  • Prepare financial summaries, reports, analyses, cost-benefit analyses, and ad-hoc reports as required by senior management.
  • Ensure the timely issuance of accurate weekly and monthly flash reports.
  • Prepare, organize, and send payment notifications and reminders to buyers based on payment plans.
  • Track payment defaulters and report to the CFO for further action, in compliance with sale purchase agreements.
  • Scrutinize vendor and contractor bills, ensure timely payments, and reconcile supplier accounts.
  • Maintain weekly cash flow forecasts, including funding needs and available funds.
  • Develop and maintain relationships with banks, escrow accounts, and trustee banks, understanding escrow account requirements for timely settlements.
  • Ensure legal and tax compliance at the entity level, including VAT legislation and filings.
  • Coordinate with external auditors for audits and ensure timely delivery of financial reports in consultation with the CFO.
Key Skills (Mandatory)
  • Experience in residential real estate development.
  • Strong technical accounting skills, including IFRS.
  • Working knowledge of ERP systems such as Salesforce, FinancialForce, Focus.
  • Advanced proficiency in Microsoft Office.
  • Experience working in a multicultural environment.
  • Management experience of at least 4-5 accountants.
  • Experience with companies generating over 5 million OMR annually.
  • Exposure to corporate environments with more than 50 employees.
  • Experience in the real estate or construction industry.
  • Proven success in senior roles.
  • Confident, driven, and dynamic leadership qualities.

Salary up to 6,000,000 OMR.

Industry: Real Estate/Construction

Gender: Male

Experience: 10-12 years relevant experience, with at least 2 years at a managerial or chief accountant level.

Location: Muscat, Oman (Candidates from India preferred)

Working Days: 5 days (Friday and Saturday off)

Work Timings: 8 am to 5 pm

Qualification: CA

Notice Period: Immediate to 60 days

Relocation: Yes

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Project Manager - Data Platform Implementation (Financial Services)

SSC HR Solutions

Posted 21 days ago

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Job Description

Project Manager

Should have at least 5+ years of experience in implementation project management within the financial services domain, specifically related to DATA PLATFORM implementation.

Roles & Responsibilities:
  • Determine the project approach, responsibilities, and schedule aligning with the overall program.
  • Ensure all requirements, work plans, management plans, and changes to commitments are communicated to all affected team members.
  • Create a one-page summary for management outlining project status updates, validate it with relevant stakeholders to highlight activities, roles, and timelines.
  • Organize and lead regular project meetings to discuss progress, challenges, and next steps.
  • Engage business, IT, Operations, and other internal stakeholders, as well as DATA PLATFORM SI partners, in detailed business requirement discussions using existing BRDs related to DATA PLATFORM capabilities such as marketing, sales, onboarding, and servicing.
  • Define quality criteria for project activities, including entry/exit criteria; validate compliance and alert management of any exceptions.
  • Track project deliverables against baseline scope and report variances.
  • Identify and report potential risks, inter-dependencies, or prerequisites that could impact the project timeline or outcomes, and develop mitigation strategies.
  • Facilitate communication and collaboration among various teams, including internal stakeholders, DATA PLATFORM vendors, and SI partners.
Additional Details:
  • Seniority level: Mid-Senior level
  • Employment type: Full-time
  • Job function: Other
  • Industries: IT Services and IT Consulting

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