Finance Head

Job Description : FINANCE HEAD OMAN 10+ years experience Working Capital Management: - Managing effective utilization of working capital deployed in the Division - Review of borrowing from Head office / banks - Facilitate external borrowings for the JV company's - Ensuring timely deposit of Customer Collections - Inventory and Receivables are reviewed and adequately provided as per HO guidelines. - Reconciliation of Customer account, Vendor Account, Principal's Recoverable account, Bank account periodically and highlight any exceptions. - Monitor Debtor's KPI (days, provisioning, ageing) vs. LY and Budget - Inventory days are monitored vs. LY and Budget - Recoverable ageing should be aligned with the terms with Principal - Interest cost as per the plan - Internal Audit compliance - Review of past Internal Audit Reports and report the progress made on areas highlighted for improvements by Audit. - Timely response - Corrective actions - Minimize audit queries - Tax & legal Management - Prepares tax returns as per law within timelines & coordinates with Auditors for annual financial closing - Review of commercial/legal documents eg. Agency Agreements, Contracts, Sub-contracts, Rental contracts etc. and liaise with HO/Cluster-Finance & HO Legal. - VAT & other tax compliances as per law - Coordinate for secretarial requirements related to JV's - Timely compliances - Avoidance of penalty and extra tax - Budgets & Plan - Prepare and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, and areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalized upon - All reports are prepared timely and accurately and meet company policies and requirements

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