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Basic Function: The FC position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Maintain contacts with brokers, ceding companies, agents and clients in coordination with the relevant line manager. Principal accountabilities are: Planning
1. Assist in formulating the company\'s future direction and supporting tactical initiatives
2. Monitor and direct the implementation of strategic business plans
3. Develop financial and tax strategies
4. Manage the capital request and budgeting processes
5. Develop performance measures that support the company\'s strategic direction
Operations
1. Participate in key decisions as a member of the executive management team
2. Maintain in-depth relations with all members of the management team
3. Manage the accounting, investor relations, tax, and treasury departments
4. Manage any third parties to which functions have been outsourced
5. Oversee the company\'s transaction processing systems
6. Implement operational best practices
7. Oversee employee benefit plans in conjunction with the HR Team, with particular emphasis on maximizing a cost-effective benefits package
8. Supervise acquisition due diligence and negotiate acquisitions.
9. Provide guidance to staff, hold periodic meetings with head of departments and staff, authorize staff training and staff leave and deal with other issues relating to staff in consultation with General Manager.
10. Organize for External / Internal Audits, liaise with external auditors for timely finalization of the audited accounts, approval of Audit Committee, Board Meeting and approval of accounts.
11. Review of Investment portfolio, review of research reports to explore avenues for increasing the returns on our investments, liaison with portfolio managers, evaluating various investment products, etc.
12. Any other assignment from the GM Financial Information
1. Oversee the issuance of financial information
2. Review MIS, monthly accounts, quarterly accounts and annual accounts in accordance with the timetable set by the General Manager.
3. Personally review and approve all Statutory Returns to be filed with the various Governmental Agencies
4. Report financial results to the Board of Directors.
5. Monitor that broker agreements and agency agreements are in place and being followed. Risk Management (Parallel with the Internal Audit and Risk Manager)
1. Understand and mitigate key elements of the company\'s risk profile
2. Monitor all open legal issues involving the company, and legal issues affecting the industry
3. Construct and monitor reliable control systems
4. Maintain appropriate insurance coverage
5. Ensuring compliance with the statistics and other requirements of CMA/ MOCI/ Income Tax Authorities and other Government entities.
6. Ensure that the company complies with all legal and regulatory requirements
7. Ensure that record keeping meets the requirements of auditors and government agencies
8. Report risk issues to the audit committee of the board of directors
9. Maintain relations with external auditors and investigate their findings and recommendations
Treasury
1. Monitor cash balances and cash forecasts
2. Arrange for necessary financing and manage Cash Flow
3. Invest funds appropriately
Credit Control
1. Manage AP and AR Functions effectively
2. Ensure periodical review of Credit and Reconciliations are carried out.
3. Implement and ensure Credit Policy of the Company is adhered and to enable raising advance warnings on Credit Default.
4. Ensure Creditors are paid on timely basis to ensure service levels are maintained at highest levels.
Board Secretarial Function
1. In consultation with Chairman of the Board and respective Committees call the meetings as and when required.
2. Arrange for follow-up on the matters discussed and decided in the Meetings on behalf of the Board and the committees
3. Record minutes of all meetings of the Board & its sub committees.
4. Ensure compliance with corporate governance with respect to conducting the meetings of the Board and its sub-committees.
5. Organize for Annual General Meeting.
6. Carry out any other job as directed by the Chairman of the Board and its respective committees.
Third Parties
1. Activities relating to registration with MSM, CMA, OCCI, Muscat Municipality, etc.
2. Maintain banking relationships
3. Represent the company with investment bankers and investors
Supervises: An overall team including Chief Accountant, Asst. Finance Managers and accounting.
Desired Qualifications: The candidate should have a master\'s degree in accounting or business administration, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation. Should have experience in partnering with an executive team, and have a high level of written and oral communication skills. Preference will be given to candidates with an MBA in Finance or Chartered Accountants or Certified Public Accountant or Certified Management Accountant designations.
Additional Qualifications: Insurance working knowledge and / or qualifications will be an added advantage
Working Conditions: Will work in an excellent office environment. May involve travel to company branches in Oman.
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