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
