Head of Accounts

About the Group

Role objective

Accounting and consolidation

• Supervise the accounting team, assign tasks, review output quality, and meet deadlines.
• Manage daily entries, documentation, monthly and annual financial statements, and closings.
• Review ledgers, customer and supplier accounts, bank accounts, contracts, loans, inventory, and fixed assets; address discrepancies.
• Prepare periodic and annual statements under accounting standards and established financial policies.
• Prepare consolidated statements and execute intercompany transactions involving assets, sales, purchases, expenses, and unrealized profits.
• Prepare consolidation files and adjustments, coordinating with management and subsidiaries to obtain timely financial data.

Costing and analysis

• Develop a costing system suited to the group's activities, with templates for direct and indirect, fixed and variable costs.
• Track production-center and service costs and apply fair, consistent cost allocation.
• Prepare product or service cost reports and analyze margins by activity, branch, or client.
• Analyze standard-versus-actual cost variances, identify causes, and recommend corrective actions.
• Recommend solutions to reduce waste, control expenses, improve expenditure efficiency, and increase margins.

Reporting, controls, and compliance

• Prepare periodic financial and administrative reports covering performance, liquidity, costs, variances, and risks.
• Coordinate with external auditors and relevant parties and prepare supporting documents and schedules.
• Ensure compliance with financial regulations and tax laws, monitoring entitlements and approvals within regulatory timelines.
• Develop financial policies, procedures, and controls to address risks to data integrity and asset safety.
• Participate in annual budgeting and forecasting and monitor actual performance against the approved budget.
• Perform other position-related tasks assigned by the financial manager or senior management.

Qualifications and experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• At least five years of accounting experience, including relevant supervisory or team leadership experience.
• Practical experience preparing financial statements, monthly and annual closings, bank reconciliations, and general ledgers.
• Proven experience preparing consolidated statements and executing intercompany transactions for subsidiaries and branches.

Knowledge and skills

• Strong knowledge of cost accounting, variance analysis, and profitability centers.
• Familiarity with IFRS and relevant tax regulations.
• Proficiency in spoken and written Arabic and English.
• Proficiency in ERP systems and accounting software, with advanced Excel skills.
• Strong analytical, accuracy, leadership, problem-solving, and report-preparation skills.