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