Finance Manager at Oman Investment Authority

The Oman Investment Authority (OIA) is inviting applications for the position of Finance Manager at its headquarters in Muscat, Sultanate of Oman. This role represents an exceptional leadership opportunity for ambitious finance professionals to join one of the nation's most critical sovereign entities responsible for managing and developing the state's financial reserves and resources.

Overview of Oman Investment Authority

The Oman Investment Authority is the sovereign wealth fund of the Sultanate of Oman, playing a pivotal role in diversifying national income sources and enhancing long-term value for the Omani economy. The Authority manages a diversified investment portfolio across local and international sectors and assets, focusing on achieving sustainable returns and implementing Oman's Vision 2040.

Job Description and Responsibilities

The appointed Finance Manager will hold key leadership and strategic responsibilities, including:

• Financial Leadership: Overseeing all financial activities and functions within the Authority or one of its affiliated investment entities.
• Financial Planning & Analysis: Leading budgeting, financial forecasting, and performance analysis processes to ensure financial and strategic objectives are met.
• Financial Reporting: Ensuring accuracy, transparency, and the preparation of periodic financial reports (monthly, quarterly, annual) in accordance with the highest international standards (e.g., International Financial Reporting Standards - IFRS) and regulatory requirements.
• Financial Risk Management: Developing and implementing effective policies and procedures for managing financial risks, including market, credit, and liquidity risks.
• Treasury & Financing: Optimizing cash flow management, ensuring liquidity adequacy for operations, and exploring optimal financing options when required.
• Compliance & Internal Control: Ensuring full compliance with local and international laws and regulations and fostering a strong internal control environment.
• Team Leadership: Leading and developing a professional finance team, promoting a culture of excellence and continuous collaboration.

Qualifications and Requirements

• Academic Qualification: A Bachelor's degree in Finance, Accounting, or Business Administration. Advanced degrees (MBA, Finance) or global professional certifications such as CPA, CMA, or CFA are highly preferred.
• Professional Experience: A minimum of 8 to 12 years of experience in the finance field, with proven experience in leadership roles (Finance Manager or Assistant Finance Manager) within major financial institutions, investment firms, sovereign wealth funds, or complex corporate environments.
• Technical Knowledge: Deep understanding of International Financial Reporting Standards (IFRS), financial statement analysis, financial modeling, investment portfolio management, and Enterprise Resource Planning (ERP) systems like SAP or Oracle.
• Leadership Skills: Excellent leadership, strategic decision-making, and team management abilities within a dynamic, multi-disciplinary environment.
• Personal Skills: Exceptional communication and interpersonal skills (verbal and written) in both Arabic and English, with the ability to present complex reports clearly to senior management and stakeholders.

Benefits and Perks

The Oman Investment Authority offers a stimulating and professional work environment with a competitive benefits package, which includes:

• A distinguished monthly salary commensurate with qualifications and experience.
• The opportunity to work on strategic national investment projects with significant impact.
• A continuous learning and development environment.
• Comprehensive health insurance coverage for the employee and family.
• Annual leave and other benefits per the Authority's policy.

How to Apply

Applications for this position are accepted exclusively through official channels such as Naukrigulf or the official Oman Investment Authority website once the detailed advertisement is available. Interested candidates should prepare to submit:

1. An updated and detailed Curriculum Vitae (in English or Arabic) highlighting relevant experience and achievements.
2. Copies of academic and professional certificates.
3. A Cover Letter stating the motivation for application and the value they would bring to the role.

Given the sensitivity and seniority of this position, the selection process is highly competitive and involves multiple stages of interviews and assessments. Qualified candidates are advised to apply as soon as the detailed official advertisement is published.