Financial Controller

We're looking for a skilled, curious and passionate Financial Controller who wants to make a difference.

Muscat, Oman

Finance and Accounting

Online since Dec 12, 2017

We are looking for a Financial Controller in our great office in Muscat, Oman. 

 

Your opportunity...

The role will support our Omani classifieds business, olx.com.om, market leader in the general classifieds sector.

The successful applicant will take the responsibility to ensure local financial systems within Oman are established in line with international best practice and OLX/Naspers policy. The applicant should also ensure financial reporting is accurate, complete and compliant with local GAAP and IFRS. In addition, the applicant should be able to provide management with quality financial analysis and successfully manage office expenses.

 

...at OLX

At OLX Group we have a clear ambition – to empower millions of people across the globe by helping them connect and share their goods and services. This inspiring purpose has helped us build one of the world’s leading Internet companies. This combination of business and purpose attracts a certain type of person. If you’ve got an entrepreneurial drive and think you can use that drive to contribute to our purpose, then we’d love to empower you to be successful. Want to know more?

 

Why OLX Group?

OLX is a world leading online classifieds platform growing at an amazing speed. We take emerging markets by storm with an Instagram-like 240 million monthly active users. Every day millions of people across the globe use OLX to buy and sell goods, find jobs or rent houses. Founded in 2006 we have grown to 1200 employees worldwide, operating in +40 countries. With more than 11 billion page views and 25 million listings per month we are the largest marketplace in +40 markets. Amongst others in India, Brazil, Oman, Egypt and Indonesia.

OLX is part of Naspers, a global platform operator with principal operations in Internet Services, especially e-commerce (i.e. classifieds, online retail, marketplaces, online comparison shopping, payments and online services); pay television (direct-to-home satellite services, digital terrestrial television services and online services) and print media.

 

What responsibilities will you get when working with us?

Responsibilities include but are not limited to:

Accounting and Operation Support

  • Recording day to day accounting transactions encompassing accounts payable, accounts receivable, general ledger and other accounting functions.
  • Involved in end to end Monetization cycle encompassing raising sales invoices, following up payments and settlements.
  • Checking purchase invoice accuracy, approval flows and ensuring vendors established in accordance to OLX/Naspers Supplier Policy.
  • Ensuring revenue reconciliations to Payment Channels are completed on a regular basis.
  • Managing petty cash and reimbursement process
  • Ensuring that company is fully tax compliant i.e. sales and income tax returns are prepared, submitted and paid to authorities on time.
  • Reviewing and verifying payroll that are outsourced and ensure it is correctly accounted for
  • Documenting financial transactions by setting up and maintaining financial files and records.

Treasury

  • Contact with banks, and build relations.
  • Cash management including liquidity planning and control.
  • Review bank statement, and prepare bank reconciliation.
  • Management of interest, currency and insurance risks.

Reporting and Presentation

  • Reconciling trial balance accounts monthly to maintain accurate financial position.
  • Preparing reports and measuring performance (Revenue, GM and OP) parameters to ensure appropriate variance and trend analysis.
  • Presenting various reports highlighting financial and business performance to Country Manager, and other stakeholders to enable effective decision making.

Budgeting and Cost Control

  • Assisting in annual budget preparation, and its updated versions.
  • Implementing various cost control measures for maintaining organizational bottom lines.
  • Assisting other departments in preparing and maintaining budgets for enhancing operational profitability
  • Responsible for implementing and managing of internal control processes.

Annual Auditing and Inspection

  • Updating knowledge and implementing OLX internal control standards.
  • Processing and presenting data for internal and external audits, tax inspection including various reports for the senior management to enable effective decision making.

Administrative

  • Undertaking office management duties
  • Managing operational expenses

 

What will you need to be successful in this role?

  • Based in Muscat
  • Qualified Chartered/Certified Accountant (IFRS) with 6+ years’ experience
  • Bachelor of Commerce, Business, Economics
  • CA or CMA certified
  • Driven and self-motivated, with ability to work in a start-up environment and a target-driven company
  • Strong attention to detail
  • Able to plan and complete assignments within deadlines.
  • Excellent oral and written communication skills, in Arabic and English
  • Strong understanding of financial systems and best practice controls
  • Highly computer literate, adept at Excel, PowerPoint (experience in using NetSuite and Cognos is a plus)
  • Entrepreneurship is key, hands-on attitude
  • In depth Working knowledge of Oman reporting
  • Knowledge of local tax legislation
  • Knowledge of internet/e-commerce industry is a plus

 

What can you expect from us and what do we offer?

  • Unique opportunity to become a part of a winning team and rapidly growing business that really makes a difference in daily lives of millions of users by enabling win-win transactions
  • Fun and informal environment where getting stuff done and enjoying the ride is far more important than rules and hierarchies

 

Inspired and interested in the job? Apply!
Are you ready to live your dream and apply for this role? It only takes a few minutes to apply using our simple application template. Once you’ve it out submit it online and our talent scouts promise to give it serious consideration. We will try to get back to you within the next two weeks but we have to admit, sometimes it takes a bit longer than that. If it does please don’t worry we will respond to your application no matter what.

Empower yourself.
Improve the world.

Join OLX Group.

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Questions?
If you have any further questions with regards this career opportunity, please feel free to contact us through the contact form

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