Snr / Specialist Finance

Majis Industrial Services

Job Type: Full-Time

Experience Required: 5-8 years

Languages: English (required), Arabic (native).

Purpose:

Execute assigned Cash Planning and Forecasting processes at Majis, under Manager Financial Control & Treasury, acting as custodian of Treasury operations through (1) Prepares / consolidates diverse Treasury operations tasks such as: cash forecasts, daily cash positioning, electronic treasury payments, maintenance of a treasury workstation for movements coordination, banking services and relationships and general ledgers (using a suite of short-term instruments and facilities to efficiently manage working capital, and centralizes all tasks related with Treasury Operations (bank accounts opening, closing and KYC requirements), (2) Execute the required Treasury / Finace reports for medium to long term Treasury (including the actual spend against the annual business plan and the forecast highlighting variances),in order to ensure the compliance of the Treasury Operations & the conditions agreed in the relevant policies. while aligning with the strategy and business plan.

The position will act in accordance with Majis mission, vision, values, and strategies, as well as policies, guidelines, and international standards, supported by an IT Technology platform, HSE local and international standards, Oman government and other legal justification and best international practices aligned with National objectives.

Scope of Work:

Finance & Treasury

Financial Strategy & Planning

Overall Business Financial Strategies

Budgeting plan to report

Financial Performance Management

Financial & Economical Analysis

Financial Systems and Automation

Treasury Management:

Cash Flows Management

Financing & Hedging Strategies

Debt & Equity Structuring

Investments

Corporate Liquidity

Production of necessary financial reports / returns,

Financial risk management and Insurance

Banking Services and Relationships

Develop and update the long-term financial strategy aligned with business goals and shareholder expectations.

Lead the annual budgeting and forecasting process in coordination with department heads.

Monitor actual financial performance versus budgets/forecasts and prepare variance analyses.

Identify and evaluate financial performance improvement opportunities, including cost optimization initiatives.

Prepare regular financial reports for executive leadership and board meetings.

Conduct scenario planning and financial modeling to support strategic decision-making.

Lead economic and market analysis to guide pricing, investment, and growth strategies.

Ensure alignment of financial planning with corporate strategy and business plans.

Evaluate capital expenditure proposals through ROI, NPV, and payback period analysis.

Drive automation initiatives and digital tools to improve forecasting and reporting accuracy.

Oversee implementation, upgrades, and optimization of financial planning systems and tools.

Manage daily, weekly, and monthly cash flow planning and forecasting to ensure liquidity.

Develop and execute financing strategies (debt/equity) to support business needs.

Assess and implement hedging strategies to manage foreign exchange, interest rate, and commodity risks.

Negotiate and structure financing arrangements, including loans, credit lines, and lease agreements.

Oversee treasury operations including cash pooling, intercompany lending, and banking transactions.

Manage investment of excess cash in line with risk tolerance and return expectations.

Monitor and manage the company s capital structure, ensuring optimal balance of debt and equity.

Produce treasury-related reports, including cash position, funding forecasts, and compliance returns.

Administer insurance policies, ensure adequate risk coverage, and manage relationships with insurers.

Maintain strong banking relationships, negotiate terms, and ensure efficient bank service utilization.

Monitor treasury risks and ensure internal controls over treasury operations are robust and compliant.

Monitor compliance with business continuity standards and regulatory requirements.

Support the IT function in maintaining and updating the Disaster Recovery Plan for critical systems.

Ensure alignment between IT recovery strategies and business continuity objectives.

Facilitate testing of IT DR scenarios and track resolution of identified gaps.

Review interdependencies between IT systems and business processes to ensure resilience.

Manage the company s insurance portfolio, including property, liability, operational, and specialty coverages.

Coordinate with business units to assess insurance needs and ensure appropriate coverage.

Lead the annual insurance renewal process, including engagement with brokers and insurers.

Monitor claims, facilitate timely processing, and track resolution status.

Maintain insurance documentation and ensure compliance with contractual and regulatory obligations.

Provide input on risk transfer strategies and recommend coverage improvements where needed.

Key Interactions:

Internal: Technical, Commercial, Legal, Investor Relations, Audits, Corporate Functions (Finance, PT&C)

External: BoD, Vendors, Government / Ministries, OIA, External Consultants, Legal, Audits External Consultants, Government/ Ministries. OQ RPI & Plastics (VP Finance & PTC)