Wednesday , December 19 2018

Oman Shipping Company Hiring Now

Oman Shipping Company S.A.O.C. is a closed joint stock company, incorporated in 2003 and owned by the Government of the Sultanate of Oman through the Ministry of Finance (80%) and Oman Oil Company S.A.O.C. (20%). The Company is involved in Ship Owning, Ship Chartering and Ship Management activities through its Subsidiary Companies: Oman Charter Company S.A.O.C. (OCC), Oman Ship Management Company S.A.O.C. (OSMC), and Oman Container Line (OCL) S.A.O.C.

The Company launched with the acquisition of 6 LNG Vessels,employing them to transport Omani LNG to world markets, together with MitsuiO.S.K. Lines Ltd. (MOL) as its Joint Venture Partner. Existing LNG vessels are managed by OSMC, an ISM accredited Company.MOL provides service support to OSMC in matters of technical management of the LNG vessels. The Company has since diversified into Crude Oil, Chemical,Dry Bulk, Container and General Cargo market segments.  By 2012, the Company expects to have 42 vessels under ownership and management.


Accounting Duties:

  • Perform standard accounting functions such as; the preparation of statements, the posting to and reconciliation of accounts in the various ledgers, ensuring they are compliant with Company procedures.

Accounting Functions

1-Monthly Closing accounting procedure:

  • Ensure timely completion of the standard monthly accounts as per the area of responsibility.
  • Ensure timely completion bank accounts reconciliation and forward the statement.
  • Highlight and ensure an adequate action is taken on all outstanding items and are closed on time.
  • Update the various reports (Revenue, Assets, etc.) & Checklists (as per the area of responsibility)
  • Report the statements to senior account Manager.

Account Payable:

  • Receiving invoices & logs them
  • Register invoices in the account payables folder
  • Make sure that all invoices are well supported
  • Arrange monthly cash to master
  • Match the invoices with purchase order ,delivery note & approval
  • Process invoices in the system
  • Send the invoices to the payment team
  • Monthly Accruals
  • Follow up with suppliers queries
  • Exercise adequate controls and ensure nonoccurrence of errors whilst making the final payment

3-Year End Closing accounting procedure:

  • Ensure timely completion of the standard Year end accounts as per the area of responsibility.
  • Ensure proper reconciliations are prepared prior to the Year-end.
  • Highlight and ensure adequate actions is taken on all outstanding items and are closed on time
  • Report the statements to senior account Manager.

Assist Senior Management:

  • Assist the Finance Officer as per his request by performing any general departmental tasks required, contributing the smooth running of the department’s activities.

Bank Follow up:

  • For all discrepancies found in the statements, follow up with the respective banks & treasury department and ensure all reconciliation points are addressed
  • Ensure receipt of accounts statement from banks


Reconcile financial data as per the concerned area, according to stated schedules so that the company remains aware of its financial position on an on-going basis and statutory reports can be produced within legislative time limits.

Internal/External Auditing:

Coordinate and Co-operate fully with internal and external auditors to ensure they have full access and support throughout the audit process to minimize the likelihood of disruption or unnecessary discrepancies.

Policies, Systems, Processes & Procedures:

Follow all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.

Continuous Improvement:

Contribute to the identification of opportunities for continuous improvement of department systems, processes and practices, cost reduction and productivity improvement.

Departmental Reports

Assist in the generation of timely and accurate departmental reports to meet company and department requirements, policies and standards.

Main Qualification & Minimum Experience

  • Bachelor’s Degree in Accounting
  • 0-2 year experience in an accounting function

Job-Specific Skills:

  • Communication
  • Organisational
  • Time Management
  • Computer

Click Here to Apply>>>

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