Head of Accounts

Job description / Role

Our client is one of the largest independent, family owned company in the Gulf region. It is one of the most diversified and highly regarded business houses. Our client is looking for a Head of Accounts

Candidate is responsible for overseeing the Accounting function and the financial services area including Credit, A/R , A/P and Asset Management.

He or she is responsible for restructuring, implementing and maintaining a system of internal controls, for restructuring, implementing and maintaining a new system of best practice policies and procedures, and to ensure financial reporting is prepared in compliance with all financial policies.

Duties and Responsibilities:
• Build an accounting function core team to restructure and modernize the department
• Oversees the accounting function, which includes inter-company accounting, tax accounting, cash management/reconciliation, financial reporting and balance sheet management
• Provides technical accounting guidance and support to all company entities, in particular the introduction of IFRS planned country-wise for 1stJanuary 2018 and its impacts on operations and reporting
• Establish a comprehensive VAT review of all systems, operational requirements and reporting for the introduction of VAT planned country-wide for 1stJanuary 2018
• Supervises the completion of VAT reporting requirements (including income, property, sales and use, payroll and other local taxes), insurance reports and other reports required by government regulation
• Implement a thorough reform and modernization programme for all Finance, Accounting, Credit Control and Procurement processes and policies
• Integration of existing sub-systems and core finance systems into a new ERP system; associated design of reports and process flows to ensure completeness and accuracy in transitioning to the new system
• Involvement in validating/designing suggested changes to ensure accounting requirements continue to be met
• Coordinate work relating to both internal and external audits in the periodic review of the company financial records; further responsible for restructuring and implementation of agreed upon recommendations
• Ensures that the accounting department is staffed with qualified financial personnel capable of meeting the objectives and responsibilities, noted above. Responsible for continued development of these associates
• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll.

Requirements

• University degree in Accounting, Commerce, or Business Management/Administration.
• Further education from Post Graduate with Masters or specialist qualifications preferred
• 15 - 20 years of experience in combined accounting, restructuring and implementation of varied finance processes and systems
• Prior restructuring experience at both consulting and implementation/execution levels
• Prior management experience in high intensity office environments
• Ability to work collaboratively across departmental functions
• Excellent communication and leadership skills are mandatory
• Experience in IFRS
• Prior Experience in the GCC Region
• Experience in ERP Systems.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering