Account Manager ( Hypermarket)

Financial Management • Oversee accounts payable, receivable, and general ledger operations. • Prepare and maintain profit and loss statements, annual budgets, and long-term financial projections. • Monitor cash flow and ensure timely supplier settlements. • Manage rebate income, promotional contributions, and other supplier-related financial settlements. Compliance & Audit • Ensure adherence to Omani accounting standards and financial regulations. • Be fully aware of Oman’s 5% VAT requirements, file VAT returns regularly, and ensure compliance. • Coordinate with external auditors and manage audit processes effectively. Inventory & Stock Accounting • Monitor stock valuation, aging, and clearance accounting. • Reconcile stock records with procurement and warehouse teams. • Support procurement in aligning financial records with stock movement. Sales Analysis & Reporting • Conduct product-wise sales analysis to identify trends and profitability. • Prepare daily sales reports for management review. • Provide insights into sales performance and recommend corrective actions. Expense Control & Leakages • Monitor and control operating expenses to maintain profitability. • Identify and highlight financial leakages or inefficiencies, and implement corrective measures. • Support management in cost optimization initiatives. Supplier & Promotion Accounting • Track supplier agreements, rebates, and promotional contributions. • Ensure accurate accounting of flyer promotions and marketing support from suppliers. • Collaborate with procurement to align financial terms with supplier negotiations. • Bachelor’s degree in Accounting, Finance, or related field. • Professional qualification required: ACCA, CA, or MBA in Accounting & Finance. • Minimum 5–7 years of accounting experience, preferably in retail or hypermarket operations. • Strong knowledge of Omani VAT (5%) regulations, tax laws, and financial compliance requirements. • Experience in preparing profit and loss statements, annual budgets, and financial projections. • Proficiency in ERP/accounting software and MS Office applications. • Strong analytical skills with expertise in sales and expense analysis.