We need an Assistant Manager - Finance & Accounting
Job Category: Finance and Accounting
Location:
Muscat, Muscat, OM
Job Requisition ID: 3155
Daikin Middle East & Africa is a subsidiary of Daikin Industries Ltd. and the leading provider of heating, cooling, ventilation, air purification, and refrigeration technology. The company designs, manufactures and brings to market a broad portfolio of equipment, as well as tailor-made solutions for residential, commercial, and industrial purposes in Europe, Middle East, and Africa (EMEA). To date, Daikin EMEA has over 12 000 employees across more than 59 consolidated subsidiaries. It has 12 major manufacturing facilities based in Belgium, the Czech Republic, Germany, Italy, Spain, Turkey, Austria, and the UK. Our aim is to drive sustainable and effective solutions, sparking a good climate for the generations to come. And all this can only be achieved because of our People.
About the Role
The Assistant Manager – Finance & Accounting will be based in Muscat, Oman and will support the Finance & Accounting operations of the Oman business. The role is responsible for accurate financial reporting, working capital management, financial controls, statutory compliance, and coordination with the Shared Service Center (Infosys), customers, vendors, auditors, banks, and government authorities.
How You Will Make an Impact
You will support the Oman finance function across Order-to-Cash (O2C), Procure-to-Pay (P2P), Record-to-Report (R2R), and financial reporting activities. The role will ensure timely collections, accurate accounting, effective controls, and compliance with Daikin Group and local statutory requirements.
Credit & Collections – O2C
Monitor receivables ageing, overdue balances, DSO, and bad debts, and follow up on collection actions.
Review customer credit limits, payment terms, open-account arrangements, reduce overdue receivables and credit insurance requirements.
Coordinate with the O2C team and business stakeholders to resolve deductions, short payments, disputes, and aged receivables.
Ensure customer invoices are accurately submitted through customer portals and coordinate certification and approval where required.
Issue Statements of Account (SOA), perform customer reconciliations, and resolve account discrepancies.
Coordinate timely collection of customer payments, cheques, and Letter of Credit (LC) proceeds.
Manage the LC process, including review of terms, documentation, amendments, and coordination with banks and customers.
Maintain accurate collection and reconciliation records and support achievement of cash collection targets.
Identify opportunities to improve O2C processes.
Assisting in writing and implementation of policies, procedures, SOPs for the credit department and company
Procure-to-Pay & Accounting – P2P
Coordinate day-to-day accounting activities with the Shared Service Center in accordance with Daikin Group policies and delegation of authority.
Review vendor reconciliations, payment proposals, and aged GR/IR balances and coordinate resolution with relevant stakeholders.
Monitor invoice processing, approval, coding, and posting through VIM and related systems.
Support vendor master data governance and ensure timely resolution of vendor and business queries.
Implement and support business in Vendor portal and associated process
General Accounting & Reporting – R2R
Review accounting activities and balance sheet account reconciliations performed by the Shared Service Center and follow up on outstanding items.
Prepare and review non-routine journal entries, bank reconciliations and other month-end closing activities.
Support VAT reconciliations, statutory filings, and other local tax requirements.
Monitor revenue recognition and Percentage of Completion (POC) calculations, where applicable, in accordance with IFRS and company policies.
Support local payment processing, bank guarantees, and related finance administration.
Perform required J-SOX controls and maintain supporting documentation.
Review financial reporting outputs, including Flux, BPC, profitability, and other Group Finance reports.
Ensure timely and accurate submission of required financial reporting deliverables.
Support internal and external audits and follow up on audit findings.
Support finance process improvements and other regional or global finance initiatives as required.
Support month-end, quarter-end, and year-end closing activities in line with reporting deadlines.
Coordinate audit requests and provide supporting documentation for internal, statutory, and J-SOX audits.
Manage banking relationships and oversee banking facilities, account administration, compliance requirements, and account maintenance.
What You Need to Succeed
Bachelor’s degree in accounting, Finance, or a related discipline followed by Professional accounting qualification such as ACCA, CMA, CPA, CA, or equivalent.
Minimum 5 years of relevant Finance & Accounting experience.
Experience in manufacturing, trading, engineering, construction, or a project-based environment is preferred.
Hands-on experience with SAP ERP.
Experience working with a Shared Service Center are preferred.
Good understanding of Accounts Receivable, Accounts Payable, General Ledger, financial reporting, and month-end closing processes.
Working knowledge of IFRS, internal controls, J-SOX, VAT, and local statutory requirements.
Experience in credit management, collections, customer reconciliations, and working capital management.
Good knowledge of Microsoft Excel, including Pivot Tables and advanced formulas; Power BI knowledge is an advantage.
Strong analytical, problem-solving, and communication skills.
Good stakeholder management and ability to work effectively with customers, vendors, SSC teams, auditors, and internal departments.
Strong attention to detail, organization, and ability to meet deadlines.
Ability to work independently while collaborating effectively across functions.
Fluency in written and spoken English.
Good climate starts with people
Our employees are the beating heart of our company. At Daikin, you get to work in a positive environment backed by trust, creativity and continuous improvement. Together, we create our top-quality solutions by empowering talented teams. You will get plenty of opportunities to learn and grow. We are deeply committed to a diverse and inclusive workplace culture that reflects the communities we serve. Good climate starts with people.
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