Head of Accounts

Antal International View all jobs

  • United Arab Emirates
  • Permanent
  • Full-time
  • 2 months ago
Job DescriptionJob DescriptionFunction / Position: Head of AccountsReporting Line: Chief Financial Officer (CFO)Functional Team Size: 6 Direct ReportsRole PurposeThe Head of Accounting leads end-to-end accounting and financial operations, ensuring the highest standards of accuracy, transparency, and regulatory compliance. This role oversees core accounting functions including Accounts Receivable, Accounts Payable, General Ledger, and month-end closures, while supporting cost control, inventory valuation, and export-related financial documentation.The ideal candidate will be a seasoned finance professional with experience operating in complex, multinational environments. Background within the Oil & Gas sector (downstream experience preferred) or the broader Energy industry is highly desirable. Candidates with audit firm experience and a strong understanding of IFRS and manufacturing operations will be considered a strong value add.Key ResponsibilitiesFinancial Operations Management
  • Lead and manage day-to-day accounting operations to ensure accurate, timely, and compliant financial reporting.
  • Implement and maintain strong internal controls and accounting standards in line with IFRS and local GAAP.
  • Ensure effective functioning of financial systems supporting sales, production, procurement, and logistics.
  • Manage bank reconciliations and coordinate with treasury to monitor cash flow, maintain liquidity, and optimize working capital.
Accounts Receivable (AR) Management
  • Oversee customer billing, collections, and receipt postings across export markets.
  • Ensure accuracy of export sales invoices, certificates of origin, and customs-related financial documentation.
  • Analyze AR aging reports, track overdue balances, and lead collection efforts to meet targeted DSO levels.
  • Collaborate with Export Sales and Logistics teams to resolve billing or documentation discrepancies.
Accounts Payable (AP) Management
  • Manage the full AP cycle, including invoice verification, approvals, and timely payments.
  • Ensure compliance of vendor transactions (local and international) with procurement, tax, and customs policies.
  • Review supplier contracts and payment terms to support cash flow efficiency.
  • Maintain accurate accounting of imports, freight, and customs duties related to raw materials and packaging.
Monthly, Quarterly & Year-End Financial Closing
  • Lead monthly, quarterly, and year-end closing activities, ensuring timely reconciliation and accurate accruals.
  • Prepare and review management reports including P&L, balance sheet, variance analysis, and cost reports.
  • Ensure accurate recording of intercompany transactions, forex adjustments, and provisions.
  • Support consolidation and group reporting in line with corporate timelines.
Cost Accounting & Inventory Control
  • Oversee product costing, BOM validation, and variance analysis for manufacturing operations.
  • Review inventory valuation and ensure accurate accounting of raw materials, WIP, and finished goods.
  • Partner with Supply Chain and Operations teams to monitor cost efficiency, yield, and wastage.
Audit, Compliance & Governance
  • Liaise with internal and external auditors to ensure audit readiness and clean audit outcomes.
  • Ensure timely compliance with tax filings, VAT returns, customs regulations, and statutory reporting.
  • Maintain and enhance internal financial policies aligned with corporate governance standards.
Team Leadership & Development
  • Lead, mentor, and develop the accounting team to drive high performance and accuracy.
  • Foster a culture of accountability, continuous improvement, and cross-functional collaboration.
  • Drive process automation and digitization to improve efficiency and reporting quality.
Scope of Action
  • Geographical: UAE - Responsible for accounting, financial reporting, and treasury functions across the business and its allied entities.
  • Technical: Strategic accounting leadership, financial analysis, compliance, systems development, and audit management.
  • Temporal: End-to-end financial management from planning and execution to reporting and team supervision.
Key Deliverables
  • Accurate monthly financial closures completed within corporate deadlines.
  • Improved AR performance with DSO targets achieved.
  • Timely AP processing within agreed vendor credit terms.
  • Accurate product costing and inventory valuation within acceptable variance thresholds.
  • Zero major audit findings and full statutory and group compliance.
  • Improved working capital through effective AR, AP, and inventory management.
Key Stakeholders
  • CFO (Line Manager)
  • Accounting Team
  • Cross-functional Managers
  • Other internal and external stakeholders as required
Competencies, Qualifications & Experience
  • Bachelor's or master's degree in accounting, Finance, or a related field.
  • Professional certification required: CPA / CMA / CA / ACCA.
  • Minimum 10 years of relevant accounting experience, with strong exposure to leadership roles.
  • Industry preference: Oil & Gas, Energy sector, or related manufacturing environment.
  • Experience working within a multinational company environment is highly preferred.
  • Strong expertise in IFRS, cost accounting, and inventory management.
  • Proven experience managing financial operations across multiple countries or export markets.
  • Proficiency in ERP systems such as SAP, Oracle, or Microsoft Dynamics.
  • Innovative and career-driven individuals who are ambitious, thrive in a fast-paced environment, and embrace change with a positive mindset.
Key Technical Competencies * IFRS & Financial Reporting ExcellenceStrong expertise in IFRS, month-end and year-end closings, balance sheet integrity, and management reporting within complex, regulated environments. * Cost Accounting & Inventory ManagementDeep understanding of product costing, BOM validation, inventory valuation (RM, WIP, FG), and variance analysis within a manufacturing or energy-related business. * Accounts Receivable & Export AccountingProven capability in managing AR across international markets, including export invoicing, customs documentation, DSO optimization, and collections. * Accounts Payable, Treasury & Working Capital ManagementStrong command over AP processes, vendor management, cash flow forecasting, bank reconciliations, and working capital optimization. * Audit, Compliance & GovernanceDemonstrated experience in managing internal and external audits, statutory and VAT compliance, customs regulations, and strengthening internal controls in a multinational setup.Apply NowIndustry Experience Please describe your experience within the Oil & Gas or Energy sector. Have you worked in downstream or midstream operations?YesNo Multinational Exposure Have you worked in a multinational organization managing accounting operations across multiple countries or export markets?YesNo Leadership & Scale experience do you have in a senior accounting leadership role, and what was the size of the team you managed?YesNo Do you hold any of the following certifications: CPA, CMA, CA, or ACCA?YesNo Have you worked with ERP systems (e.g., SAP, Oracle, Microsoft Dynamics), and have you led or supported any finance transformation or automation initiatives?

Antal International

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