Senior Accountant

Lockton are hiring for a Senior Accountant to join the team in Oman.The Senior Accountant will be responsible for independently handling the full spectrum of day-to-day finance and accounting operations for the Oman entity. This includes bookkeeping, financial reporting, insurance broking finance (IBA and Non-IBA), tax filings, compliance, audits, budgeting support, and cash flow monitoring. This is a hands-on role suited for a self-sufficient accounting professional who can manage the finance function in a lean, operational setup.Core Accountant & Financial ReportingHandle all journal entries, general ledger postings, and month-end closings including accruals and prepayments.Maintain complete and accurate financial records in compliance with IFRS and internal policies.Prepare and reconcile monthly financial reports, revenue forecasts, and cost allocations.Conduct detailed balance sheet reconciliations and ensure all accounts are audit-ready.Reconcile monthly revenue for Employee Benefits (EB) and General Insurance (GI) business lines.Generate and review monthly unallocated cash reports; reconcile discrepancies and ensure prompt allocation.Payables, Receivables & TreasuryProcess and verify supplier invoices, employee expenses, and direct payments in line with policy and approvals.Reconcile supplier statements, resolve discrepancies, and track outstanding payments.Execute monthly bank reconciliations and maintain cash book accuracy.Prepare cash flow forecasts and monitor working capital needs.Liaise with banks on routine transactions, payments, and collections.Insurance Broking Finance (IBA)Allocate all insurance receipts and disbursements within the broking system accurately and promptly.Perform monthly reconciliation of insurer accounts and monitor commission receivables.Review and clear unallocated cash balances and resolve technical issues with internal teams.Implement and maintain credit control processes; perform regular ageing reviews and escalate overdue items.Participate in monthly reviews of IBA balances, collections, and outstanding items.Tax & Regulatory ComplianceAssist external consultants and the regional tax team with corporate tax provisions, calculations, and filings.Ensure timely and accurate submission of VAT and WHT returns in coordination with the tax advisors.Coordinate audit processes from start to finish, providing all required schedules and documentation.Ensure all regulatory requirements and filings (including XBRL) are met accurately and on time.Budgeting & ForecastingSupport annual budgeting and periodic forecasting cycles with data inputs and financial insights.Monitor performance against budget and highlight significant variances with explanations.Controls, Compliance & ImprovementsMaintain proper internal controls, document flows, and segregation of duties (where feasible).Ensure all processes comply with internal policies, audit standards, and regulatory expectations.Identify and recommend process improvements to streamline finance operations and enhance accuracy.Required QualificationsBachelor’s degree in accounting or finance.Professional qualification (e.g., ACCA, CPA, CMA) preferred but not mandatory.Minimum 5 years of relevant finance/accounting experience.Experience in insurance, financial services, or a regulated sector preferred.Good knowledge of Oman VAT and corporate tax regulations.Hands-on experience with ERP systems and advanced Excel skills.Familiarity with intercompany transactions and multi-entity structures.Key Competencies & AttributesHighly self-sufficient and dependable in managing a standalone accounting function.Strong attention to detail, analytical ability, and organizational skills.Proactive, hands-on, and willing to handle both routine and complex tasks.Comfortable working in a small team with minimal supervision.Good communication and interpersonal skills, especially in liaising with external auditors, banks, and consultants.About Lockton MENAHeadquartered in Dubai (UAE), with 500+ associates providing (re)insurance and people solutions, we have strength in handling major corporate clients in UAE and throughout the region. Offering innovation in our solutions, we service clients across the Middle East, North Africa and Pakistan customising the best protections for them.Lockton MENA was the first broker to achieve its own Lloyd’s Broker license in the Middle East and holds an exclusive global partnership with the Chartered Insurance Institute (CII) under the International Professional Partner Firm (IPPF), demonstrating high professional standards and best practices, that distinguish the company among its peers in the industry.From our headquarters in Dubai, Lockton MENA has expanded operations into the UAE, Egypt, Jordan, Morocco, Oman and the Kingdom of Saudi Arabia.