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