4 Financial Analysis jobs in Oman

• Prepare/Review the skeleton financial statements for both Consolidated and Islamic and discuss and get approval for changes, if any, from Senior Manager, Financial Reporting, Head of Finance and the auditors of the Bank.
• Prepare/Review the Bank’s financial statements for both Consolidated and Islamic, both quarterly for FSA as well as annual financial statements, in compliance with IFRS/AAOFI framework, based on the skeleton agreed as above.
• Co-ordinate with the statutory auditors for smooth completion of the quarterly reviews and audit within the prescribed deadlines and in compliance with the statutory regulations. Also interacting with other departments for the smooth flow of information as requested by the external auditors for the completion of their work.
• Prepare the Board presentations, rating agencies presentations and preparing any other information requested by Board or Executive management.
• Review of the investment sheet on a monthly basis and preparation of the investment performance summary for inclusion in the EMC and ALCO meeting
• Supporting in the BBB and General insurance (Property Insurance, Cyber Crime, EEI Policy, CGL and Travel Policy) annual renewals
• To adhere to the FSA, MSX and CBO guidelines for the financial reporting.
• To ensure the year end deliverables of annual report, summary annual report, MD&A both in English and Arabic are completed in an efficient and timely manner
• To spearhead all Arabic translations of the Bank on a quarterly and annual basis

• Preparing the monthly investment portfolio sheet in coordination with the Treasury Bank Office (TBO) using the reports received from them and ensuring that the portfolio is up-to date and complete and all the entries relating to purchase, sale of equity, gain or loss on sale of investments, dividend received and revaluations have been accounted for on a timely basis
• Recommending the GL accounts opening in the core banking systems for investment related activities on TBO request.
• Assist product team and IT department for any product development in the system by providing GL parameters / accounts / involvement in testing
• Driving the automation initiatives for the financial reporting team
• Submitting the quarterly and annual financial statements in the FSA XBRL Portal to ensure compliance with the reporting requirement
• To perform variance analysis and monitor movements in the BS and PL on a quarterly and annual basis and keep the reasons for the movement ready for responses for CBO and the audit team
• Publication of the financial statements on a quarterly and annual basis as per CBO/MSX requirement
• Year-end liaising with regulatory reporting and CBO team.

• To keep abreast of the latest changes in the IFRS and AAIOFI to enable effective Financial Reporting
• To keep updated on the changes in FSA/MSX or CBO guidelines in relation to the financial reporting.
• To improve understanding of bank’s policies/procedures
• To coordinate with HR/IT for regular training on updated versions of the systems used

• To ensure compliance with Bank rules & regulations & staff conduct policies
• To liaise with CBO examiners jointly with Management Accounting team and coordinate with other departments in order to provide required information and provide all returns / forms required from Finance Department.
• To assist in the Annual Business Budget / Plan.
• To maintain the operational standards and safeguards the Bank from loss and fraud.

EDUCATION & EXPERIENCE REQUIREMENTS:

• Degree in Finance or Accounting with minimum 3-5 years in financial reporting as per IFRS, preferably in a Bank or listed companies with total of 5 years of working experience.
• Professional qualification like ACCA/CA/CPA would be an added advantage. Candidates pursuing ACCA/ CPA or Master’s degree can also apply
• Strong communication and engagement skills – written, oral and presentation
• Highly competent in the use of Microsoft Office – Word, Excel, and PowerPoint, MS Project.

• Prepare/Review the skeleton financial statements for both Consolidated and Islamic and discuss and get approval for changes, if any, from Senior Manager, Financial Reporting, Head of Finance and the auditors of the Bank.
• Prepare/Review the Bank's financial statements for both Consolidated and Islamic, both quarterly for FSA as well as annual financial statements, in compliance with IFRS/AAOFI framework, based on the skeleton agreed as above.
• Co-ordinate with the statutory auditors for smooth completion of the quarterly reviews and audit within the prescribed deadlines and in compliance with the statutory regulations. Also interacting with other departments for the smooth flow of information as requested by the external auditors for the completion of their work.
• Prepare the Board presentations, rating agencies presentations and preparing any other information requested by Board or Executive management.
• Review of the investment sheet on a monthly basis and preparation of the investment performance summary for inclusion in the EMC and ALCO meeting
• Supporting in the BBB and General insurance (Property Insurance, Cyber Crime, EEI Policy, CGL and Travel Policy) annual renewals
• To adhere to the FSA, MSX and CBO guidelines for the financial reporting.
• To ensure the year end deliverables of annual report, summary annual report, MD&A both in English and Arabic are completed in an efficient and timely manner
• To spearhead all Arabic translations of the Bank on a quarterly and annual basis

• Preparing the monthly investment portfolio sheet in coordination with the Treasury Bank Office (TBO) using the reports received from them and ensuring that the portfolio is up-to date and complete and all the entries relating to purchase, sale of equity, gain or loss on sale of investments, dividend received and revaluations have been accounted for on a timely basis
• Recommending the GL accounts opening in the core banking systems for investment related activities on TBO request.
• Assist product team and IT department for any product development in the system by providing GL parameters / accounts / involvement in testing
• Driving the automation initiatives for the financial reporting team
• Submitting the quarterly and annual financial statements in the FSA XBRL Portal to ensure compliance with the reporting requirement
• To perform variance analysis and monitor movements in the BS and PL on a quarterly and annual basis and keep the reasons for the movement ready for responses for CBO and the audit team
• Publication of the financial statements on a quarterly and annual basis as per CBO/MSX requirement
• Year-end liaising with regulatory reporting and CBO team.

• To keep abreast of the latest changes in the IFRS and AAIOFI to enable effective Financial Reporting
• To keep updated on the changes in FSA/MSX or CBO guidelines in relation to the financial reporting.
• To improve understanding of bank's policies/procedures
• To coordinate with HR/IT for regular training on updated versions of the systems used

• To ensure compliance with Bank rules & regulations & staff conduct policies
• To liaise with CBO examiners jointly with Management Accounting team and coordinate with other departments in order to provide required information and provide all returns / forms required from Finance Department.
• To assist in the Annual Business Budget / Plan.
• To maintain the operational standards and safeguards the Bank from loss and fraud.

• Degree in Finance or Accounting with minimum 3-5 years in financial reporting as per IFRS, preferably in a Bank or listed companies with total of 5 years of working experience.
• Professional qualification like ACCA/CA/CPA would be an added advantage. Candidates pursuing ACCA/ CPA or Master's degree can also apply
• Strong communication and engagement skills - written, oral and presentation
• Highly competent in the use of Microsoft Office - Word, Excel, and PowerPoint, MS Project.

We have an urgent requirement for a Financial Analyst with strong banking experience to analyze financials and cash flows, and conduct sensitivity analysis for a bank in Oman.

Requirements include:

• Extensive experience in analyzing financials and cash flows (actual and projected) and conducting sensitivity analysis.
• Strong expertise as a financial analyst in banking or financial institutions.
• Proven experience in ratio, trend, and cash flow analysis.
• Experience in preparing financial models for projection and forecasting purposes.

The position is directly on the payroll of the bank.

Key responsibilities:

• Assist Relationship Managers, Unit Heads, and Department Heads in preparing credit proposals, memos, and related reports.
• Assess the financial worthiness of existing or prospective clients.
• Examine financial transactions and histories, including applications, statements, balance sheets, and legal documents.
• Complete ratio, trend, and cash flow analyses and create projections.
• Provide a multidimensional perspective on proposed lending in an accessible manner and in line with approved formats.
• Determine the degree of risk involved in financial transactions.
• Analyze data carefully and produce clear, objective reports.
• Monitor exposures for compliance and early warning signals.
• Monitor corporate portfolio asset quality continuously.
• Adhere to financial policies and guidelines.
• Draft financial models that predict trends and patterns.
• Ensure all activities comply with the bank’s policies, procedures, and standards.
• Participate in related initiatives and projects as assigned.

Skills required: Cash flow analysis, sensitivity analysis, financial analysis, ratio analysis, trend analysis, risk assessment, data analysis, financial modeling, report generation.