Local Reporting Officer

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  Location

  (OMAN) and Muscat

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  Job Reference

  21653

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  Functional Area/Experience

  Business, Accounting & Finance / 2 Years

Job Description & Qualifications

Oman Arab Bank SAOC was established in 1984 following the acquisition of Arab Bank's branches in the Sultanate. Over the past three decades, the Bank has consistently expanded its reach as well as its products and services offering to provide customers in the country with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project finance, Investment banking, trade finance and most recently, Islamic Banking.

Today, Oman Arab Bank operates more than 65 branches and offices, and more than 152 ATMS in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (51%) and Arab Bank PLC (49%) and As of December 31st 2015, the Bank’s total assets stood at RO 1.98 Billion (USD 5.15 Billion) and net worth of RO 226 Million (USD 587 Million).

Purpose and Summary:

• To execute and support the production and delivery of all International Financial Reporting Standard (IFRS), International Accounting Standard (IAS) and the financial reporting requirements.
• To execute and support the production and delivery of various financial and related reports.
• To execute and support the local reporting requirements for the CBO, internal and external Auditors.
• To execute and support the preparation and enhancement of all standard Operating Procedures (SOP) related to Financial Reporting
• In line with latest development in IFRS and execute them.

Key Deliverables:

• Responsible for executing and providing support in analysing financial statements and ensure they follow bank’s policies and procedures and in line with standard accounting principles.
• Assist in regular monitoring, reconciling and controlling of the balances as part of the general ledger account for supporting to financials/notes.
• Execute the operations of the section and ensure the timely and accurate generation of company’s financial statements in accordance to IFRS, IAS and regulatory bodies.
• Supporting other departments and sections within Finance Division to ensure unified reporting across all departments.
• Liaise with other divisions as and when required to gather financial information.
• Supporting the CBO, internal and external auditors for data enquiries related to financials and external audit.
• Responsible to assist and execute the IFRS latest developments and the implementation of same in Bank’s General Ledgers.
• Ensure all activities are carried out according to Bank’s policies, procedures, and standards.
• Participate / support in other related initiatives / projects or other duties as assigned by Finance Division management

Qualifications:

Bachelor’s degree in finance or accounting

Skills/Knowledge:

• Leadership and Collaboration
• Financial Analytics skills.
• Financial Reporting skills.
• Knowledge of Accounting procedures.
• Knowledge of IFRS & IAS
• Problem-solving skills
• Result Orientation skills
• Effective communication skills
• Strong command in English and Arabic language
• Report writing skills
• Interpersonal skills.
• Proficiency in MS Office.
• Teamwork skills
• Presentation skills
• Follow-up skills
• Project management skills
• Paying Attention to details
• Consolidation skills
• Organizing and prioritizing

Experience:

Minimum 2 years of relevant accounting / finance experience with general banking and systems knowledge.