Accounting/ Financial Expert
Central Bank of Oman (CBO)
Oman
Ref: KP202-19
The Role
The candidate will be responsible for providing Operational/ Technical support to
Accounts Section of ABOD, preparing various analytical reports, participating in
discussions and advising on Accounting/ Financing policy matters to the Higher
Management and training of Accounting staff.
1. Implementation of Accounting / Financial Systems & Procedures
• Enhance and improve the systems & procedures of Accounting / Financial system’s
internal controls.
• Review and formulate effective user controls for all Accounting / Financial systems in
operation.
• Review and design appropriate management information, performance management,
operational reports, etc., to enable informed decisions across the Bank.
• Participating in Information Technology related committees to ensure compliance of
other systems with Accounting / Financial functions and policies.
• Review and advising on the Chart of Accounts.
• Advising and reporting on ad hoc issues.
2. Accounting / Financial Technical Expertise
• Providing technical advice on Accounting / Financial matters to the Bank.
• Interpreting and advising on International Accounting Standards (IAS) and
International Financial Reporting Standards (IFRS) including Technical Bulletins.
• Advising Management on Accounting Policy and coordinating changes to policy as
and when required.
• Interpreting, reviewing and advising on BDIS investment guidelines, Treasury
investment guidelines, external portfolio managers, etc.
• Interpreting and advising on Banking Law requirements as related to Accounting /
Financial reporting.
• Review and advice on the monthly and annual financial reports prepared by the
Accounts Section.
• Ensure the Annual Financial reports comply with accepted best practices and
reporting requirements.
• Advising and supporting the Internal Audit Department on various issues.
• Advising and coordinating with external auditors for successful audits annually.
• Advising and reporting on ad hoc issues.
• Training staff
3. Performance Management Reporting
• Review and advice on monthly reports from external portfolio managers.
• Review and advice on monthly reports on internally managed funds.
• Advising higher management on various investment options and their performance.
• Advising on various Treasury Instruments and their impact on performance.
• Advising and reporting on ad hoc issues.
4. Management Information Reporting
• Review and advice on various financial reports on a monthly quarterly and annual
basis.
• Review and advice on variances and specific items when required.
• Advising and reporting on ad hoc issues.
5. Budget Consolidation
• Review and advice on CBO budgeting process.
• Review and advice on budget parameters and assumptions.
• Participating in Budget Committee to ensure compliance with policies and standards.
• Implementing Budget Committee directives and advising concerned parties.
• Advising and reporting on ad hoc issues.
Requirements
• Graduate with specialization in Accounting and Finance.
• Fellow membership of ACA/ ACCA/ CPA/ ICAEW.
• MBA in Finance, CISA / CIA would be an advantage.
• Minimum 10 years experience in similar position in a banking environment.
(Preferably in a Central Bank).
• Desirable 15 years accounting and auditing exposure in banking/financial institution.
• In depth Accounting and Auditing knowledge including the International Accounting
Standards (IAS), International Financial Reporting Standards (IFRS) and recent
developments.
• Experience in Financial Accounting, Cost Accounting, Budgeting, Treasury
Management, Management Reporting, Computerized Accounting, creating the Chart of
Accounts, System Procedures, restrictions and audit trails.
• Exposure to Oracle Financial System would be an advantage.
• Exposure to various Treasury Financial Instruments including their accounting
treatment, compliance, risk management and performance measurement.
• Besides a High level knowledge of MS Office (Excel, Word, Outlook, etc.), and the
ability to work independently, the candidate should have mentoring, supervisory skills
and training of staff skills.