Head of Accounts

• Head of Accounting

Role Purpose

The Head of Accounting oversees the full spectrum of accounting and financial operations for the company, ensuring accuracy, transparency, and compliance across all financial activities.

This role is pivotal in managing Accounts Receivable, Accounts Payable, General Ledger, and Monthly Closures while supporting cost control, inventory valuation, and export-related financial documentation for the lubricants manufacturing business.

Key Responsibilities

1. Financial Operations Management

Lead and control day-to-day accounting activities to ensure accurate, timely, and compliant financial reporting.

Implement and maintain strong internal controls and accounting standards (IFRS and local GAAP).

Ensure smooth operation of financial systems supporting sales, production, procurement, and logistics.

Manage bank reconciliations, coordinate with treasury to monitor cash flow, maintain liquidity, and optimize working capital.

2. Accounts Receivable (AR) Management

Supervise and monitor all customer billing, collections, and receipt postings across 40+ export markets.

Ensure accuracy and completeness of export sales invoices, certificates of origin, and customs-related financial documentation.

Analyse AR aging reports, track overdue accounts, and lead collection efforts to maintain target DSO levels.

Coordinate with Export Sales and Logistics teams to resolve billing or documentation discrepancies.

3. Accounts Payable (AP) Management

Oversee the end-to-end AP cycle, including supplier invoice verification, approvals, and timely payments.

Ensure all vendor transactions (local and international) comply with procurement and tax policies.

Review supplier contracts and payment terms to support cash flow and cost efficiency.

Maintain accurate records of imports, freight, and customs duty payments linked to raw materials and packaging.

4. Monthly, Quarterly & Year-End Financial Closing

Lead monthly closing activities, ensuring reconciliation of all balance sheet accounts and accurate accruals.

Prepare and review management reports including P&L, balance sheet, variance analysis, and cost reports.

Ensure all intercompany transactions, forex adjustments, and provisions are recorded accurately.

Support consolidation and group reporting requirements as per corporate timelines.

5. Cost Accounting & Inventory Control

Oversee product costing, BOM validation, and variance analysis for production operations.

Review inventory valuation and ensure accurate accounting of raw materials, WIP, and finished goods.

Partner with Supply Chain and Operations to monitor cost efficiency, yield, and wastage metrics.

6. Audit, Compliance & Governance

Liaise with external and internal auditors for statutory audits, ensuring readiness and clean audit outcomes.

Ensure timely compliance with tax filings, VAT returns, customs regulations, and government reporting.

Maintain and enhance internal financial policies in alignment with corporate governance standards.

7. Team Leadership & Development

Manage, coach, and develop the accounting team for high performance and accuracy.

Foster a culture of accountability, continuous improvement, and collaboration with cross-functional teams.

Drive automation and digitization of financial processes to improve efficiency and reporting accuracy.

Scope of Role

Company: Techno Lube

Geographical: UAE – Responsible for all accounting, financial reporting, and treasury functions across TL & allied businesses.

Technical: Strategic accounting management, financial analysis, compliance, systems development, and audit leadership.

Temporal: End-to-end financial management from strategic planning to reporting and team supervision.

Key Deliverables

Accurate monthly financial closing completed within defined corporate deadlines.

Accounts Receivable performance: improved collection efficiency and DSO targets achieved.

Accounts Payable performance: vendor payments processed timely within agreed credit terms.

Cost accuracy in product pricing and inventory valuation within acceptable variance thresholds.

Zero major audit findings and 100% compliance with statutory and group reporting requirements.

Improved working capital performance through effective management of AR, AP, and inventory cycles.

Key Cooperations

Line Manager

Accountants

Cross-functional managers

Other departments as required

Competencies & Work Experience

Bachelor’s or Master’s degree in Accounting, Finance, or related field; CPA / CMA / ACCA preferred.

Minimum 10+ years of progressive accounting experience, with at least 5 years in a manufacturing or lubricants industry leadership role.

Strong command of IFRS, cost accounting, and inventory control principles.

Proven track record in managing financial operations across multiple markets.

Proficiency in ERP systems (SAP / Oracle / Microsoft Dynamics preferred).