Finance Controller

Role Title 

Finance Controller (Omani candidates only)

Reporting to 

Country Head - Oman

Company

OFT Oman

Department 

Finance

About the company 

OFT International LLC is an innovative and dynamic start-up fintech company.  We offer the heritage and stability of a hugely successful founding group combined with the unlimited ambition and passion of a talented team building intuitive, secure and convenient money management and payment tools for everyday people. Working with us presents a unique and exciting opportunity to make a difference and be part of a revolution where we are leveraging financial technology to provide accessible, empowering tools.  

ROLE ACCOUNTABILITIES

Role Summary

• Responsible for managing the end-to-end finance function for Oman operations, ensuring accurate financial reporting, regulatory compliance, cost control, and strong financial governance.
• Independently handling accounting, month-end closures, audits, tax compliance, and business partnering.

Financial Accounting & Operations

• Manage daily accounting activities including review, processing, and recording of payments (contractual, statutory, and operational).
• Ensure accurate and timely booking of all financial transactions in ERP (Odoo).
• Monitor and record daily bank transactions and perform bank reconciliations.
• Maintain and update financial records including accruals, prepayments, and fixed asset registers.
• Record intercompany transactions and ensure proper reconciliation.

Revenue & Cost Management

• Oversee revenue accounting across multiple streams.
• Manage cost of sales including gateway charges, network fees, and revenue-sharing arrangements.
• Monitor and control operating expenses (Opex).
• Review contractual costs and ensure accurate monthly accruals and expense recognition.

Month-End Closing & Reporting

• Lead monthly close including revenue, accruals, prepayments, payroll, and provisions.
• Prepare and review Trial Balance and ensure completeness of financial data.
• Perform balance sheet reconciliations and resolve discrepancies.
• Upload financials into group reporting systems (Cognos) as per timelines.

Financial Planning & Analysis (FP&A)

• Prepare and maintain Budget vs Actuals tracker and analyze key variances.
• Conduct monthly P&L analysis and provide commentary on performance.
• Perform gross margin analysis and cost optimization insights.
• Preparation of management reports and business review presentations.
• Update cash flow forecasts based on daily inflows and outflows.

Compliance & Taxation

• Ensure compliance with local regulatory requirements including VAT and withholding tax.
• Manage VAT filings, tax provisions, and coordination with external tax consultants.
• Support annual financial statement preparation and audit processes.
• Liaise with auditors for statutory audits and agreed-upon procedures (AUP).

Regulatory & Group Reporting

• Prepare regulatory reports including financial statements and capital adequacy.
• Ensure timely submission of quarterly and annual reports to regulators.
• Support group reporting requirements and disclosures.

Treasury & Cash Flow Management

• Monitor cash positions and manage liquidity effectively.
• Prepare rolling cash flow forecasts.
• Coordinate with banks and manage banking relationships.

Capex & Fixed Asset Management

• Manage capitalization process including CWIP to fixed asset transfers.
• Ensure accurate depreciation accounting and fixed asset register maintenance.
• Track capital expenditures and ensure proper approvals and documentation.

Stakeholder Management

• Coordinate with internal teams (Operations, Tech, Procurement) for financial inputs and approvals.
• Liaise with external stakeholders including auditors, consultants, and vendors.
• Support business teams by resolving finance-related queries and providing insights.

Controls & Process Improvement

• Ensure strong internal controls over financial processes and reporting.
• Maintain and improve financial trackers and reporting mechanisms.
• Identify process gaps and drive automation/efficiency improvements.
• Handle ad-hoc financial analysis and business requirements.

Key Skills & Competencies

• Experience: 5 years
• Minimum education -degree in accounting/commerce/finance-requirement
• Professional certifications -ACCA, CPA, CMA- strongly preferred
• Strong knowledge of accounting principles (IFRS/GAAP)
• Experience in fintech/payments/revenue-based business models
• Expertise in ERP systems (preferably Odoo)
• Strong analytical and financial modeling skills
• Ability to independently manage end-to-end finance function
• Stakeholder management and communication skills
• High attention to detail and deadline-driven approach

Language Requirements

• English proficient - requirement
• Arabic proficient- requirement