Treasury Accountant

Oman Investment Authority

1. Opening and closing of bank account with proper approval from management

2. Treasury Accountant reconciles the cash collected and expenses and updates the cash status report and reconciles with bank and ledger balances.

3. To properly do bank reconciliations are preparations, review & get them approved on monthly basis.

4. Authorized bank signatories maintenance and maintain and manage all financial records, logs, spreadsheets, and registers.

5. To maintain good bank credit ratings, Fixed Deposits and Loan Management

6. Bank relationship management

7. To issue credit cards with the approval of Finance Manager & CEO

8. To maintain the Letter of Credit and Bank Guarantee processes, approvals, accounting and recording of these facilities

9. To engage with the banks for short term loans, credit facilities, applications of such, recoding and reporting of the same.

10. To maintain the financial covenants guidelines prescribed by the bank for all the credit facilities given to Karwa Motors or other third parties on behalf of Karwa Motors. These include Interest ratios, Debt ratios, liquidity ratios etc. Thus, Responsible for interest and debt analysis, with provision of relevant information and report.

11. To develop the procedures, process flow and policies of the bank guarantees, LCs and all cash equivalents applications, usage and reporting of such in Karwa Motors.

12. Forecasting of medium and long- term funding and hedging requirements where applicable

13. Development of risk mitigation strategies, including foreign exchange risk strategies

14. Support the month end process as necessary as possible.

15. Maintain and update fixed assets register in compliance with accounting standards

16. Record acquisition, disposal, transfers, and impairments accurately and in timely manner and monitors capital work in progress and ensure capitalization upon project completion

17. Ensure proper assets tagging and physical verification on a periodical basis

18. Calculate the depreciation and ensure proper monthly entries.

19. Coordinate with insurance providers for timely renewal of insurance for all fixed assets.

20. Maintain proper documentation of all insurance policies and claims

21. Review insurance coverage regularly to ensure adequacy and compliance with company policy and liaise with departments and brokers for valuation and risk assessment of insurable assets.

22. Any other works related to CAPEX for budgeting, forecasting, and reporting.