Job description

Job Purpose   

This position is responsible for financial accounting focusing exclusively on accounts payable. It manages all payments and makes corresponding entries in the GL. The main purpose is to avail favorable credit terms from suppliers including discounts for early payments, and ensure that payments are released on time as per terms agreed upon.

Main Tasks & Accountabilities

Reporting

Calculate and issue financial metrics related to accounts payable

Compliance

Monitor debt levels and compliance with debt covenants

Transactions

• Calculate, post business transactions, process invoices, verify financial data, and maintain accurate accounts payable records.
• Review invoices and requisitions for proper authorization and payment approval.
• Ensure accounts payable are paid in a timely manner, while taking advantage of all reasonable discounts.
• Prepare, track, and reconcile LC (Letter of Credit) and LG (Letter of Guarantee) payments.
• Process government/ministry-related payments (taxes, duties, social insurance, fees) through official portals (TMS, Bayan, Sanad).
• Process payroll in line with Oman Labour Law, including PASI and staff end-of-service benefits.
• Ensure periodic bank reconciliations and follow up on discrepancies.
• Maintain an orderly accounting filing system for all payables.
• Ensure timely settlement of required debt/loan repayments.
• Handle foreign currency payments in compliance with Central Bank of Oman (CBO) regulations.
• Verify vendor invoices for VAT compliance (Royal Decree 121/2020) and ensure timely VAT input claim filing.
• Apply Withholding Tax (WHT) checks, ensure correct deduction/remittance, and maintain statutory records.
• Prepare AP aging analysis, vendor reconciliations, and cash flow forecasts for management.
• Liaise with internal/external auditors to support statutory, VAT, and tax audits.
• Ensure compliance with MOCIIP, CMA, and CBO regulations in all payment processes.
• Manage supplier relationships, negotiate terms, and resolve disputes.
• Monitor staff advances, loans, and gratuity settlements in line with company policies and Oman Labour Law.
• Ensure compliance with KYC/AML/FATCA/CRS requirements in banking transactions.
• Support monthly/quarterly/year-end closing activities and provide AP reports to FM

Team Work

• Effective communication within and outside the team
• Create a supportive environment for the team members
• Contribute to the team, letting others know information that may be useful or important
• Help to create a fun, supportive work environment

People management and reporting responsibilities

• Produce end of month departmental report, on time, and as required by the management.
• Ensure accurate and up to date, daily, weekly, monthly records for accounts payable as required by the management.
• Help others in the team if needed; Support relief staff in their duties

  Main Contacts and Working Relationships

• Internal     All Department Heads and Line Managers.
  External    Stakeholders, customers, agencies etc.

Person Specification  (Qualifications, Knowledge & Experience)  
Education Level –    Minimum Requirement  

• Bachelor’s degree in Accounting, Finance, or related field required

Professional    Qualifications

• Professional qualifications CMA, ACCA, CPA, or CA are preferred

Work Experience    

• Overall accounting experience of 8 years or more working with accounts payables
• Thorough Knowledge in handling Letter of credit, telex transfers and multi-currency transactions.
• Experience in FMCG/dairy products will be preferred
• Strong understanding of the Middle East and African markets

Job Specific Skills    

• Ability to see the big picture while focusing on the process and procedures necessary to produce deliverables is advantageous
• Ability to establish and meet deadlines
• Knowledge of the financial systems and procedures required in a FMCG/manufacturing company
• Expert knowledge of accounting packages like SAP, Oracle, Microsoft Dynamics or equivalent
• Proficient on Microsoft packages with advanced spreadsheet skills
• Financial acumen to understand and interpret numbers
• Excellent written & verbal communication / presentation skills
• Team player with excellent motivational skills

Generic Skills

• Must be alert, strive for accuracy, and have ability to exercise independent thinking and judgment, be a self- motivator, and attention to detail
• Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability
• Integrity, discretion and loyalty

 Position Location  

To be based in Muscat Office and travelling to all depots in Oman