Job SummaryThe Head of Accounting is responsible for leading Loynova’s accounting function, ensuring the accuracy and integrity of financial records, managing the financial close process, maintaining strong reconciliations, and ensuring compliance with accounting, tax, audit, and internal control requirements. The role oversees general ledger, accounts payable, accounts receivable, payroll accounting, tax compliance, audits, merchant/vendor reconciliations, deferred revenue, accrued rewards, intercompany balances, cross-country accounting coordination, and financial reporting. The Head of Accounting also supports the Group CFO with accurate actuals, variance analysis, financial controls, and reliable data needed for budgeting, forecasting, and management decision making. 6. Job Description Responsibilities Financial Reporting & Close• Oversee monthly, quarterly, and annual financial close processes.• Ensure timely and accurate preparation of financial statements.• Maintain compliance with applicable accounting standards (e.g., IFRS, GAAP).• Review and approve journal entries, reconciliations, and reports.• Ensure proper cut-off, matching of revenue and cost, and accuracy of period-end balances.• Coordinate close activities across entities and countries where applicable. Accounting Operations • Manage general ledger, accounts payable, accounts receivable, payroll accounting and fixed assets. • Ensure proper recording of all financial transactions.• Monitor cash flow and working capital from an accounting perspective.• Support cash flow monitoring from an accounting and working capital perspective. Reconciliations & Balance Sheet Control• Own and review monthly balance sheet reconciliations.• Ensure proper reconciliation of merchant balances, vendor balances, customer balances, accrued rewards, deferred revenue, advances to suppliers, accounts payable, and intercompany balances. • Monitor intercompany accounts, related-party balances, cross-country transactions, and settlement positions.• Investigate unreconciled differences and ensure timely resolution.• Escalate material variances, unexplained balances, intercompany mismatches, or control gaps to the Group CFO.• Maintain proper documentation and audit trails for all key reconciliations. Intercompany & Cross-Country Accounting• Monitor intercompany transactions, balances, settlements, and confirmations between Loynova entities and related parties.• Ensure proper accounting treatment, documentation, and reconciliation of cross-country transactions. • Coordinate with local accounting, tax, legal, and finance teams across countries where applicable.• Support proper matching of intercompany revenue, expenses, advances, recharges, and settlements. • Identify foreign currency, tax, transfer pricing, withholding tax, and compliance considerations related to intercompany and cross-border transactions. • Escalate unresolved intercompany differences, overdue settlements, and documentation gaps to the Group CFO Compliance, Tax & Internal Controls• Establish, maintain, and improve internal accounting controls.• Ensure compliance with tax laws, regulatory requirements, company policies, and audit requirements.• Coordinate with external auditors, tax advisors, and internal stakeholders.• Manage audit requests and ensure timely closure of audit findings.• Identify financial control weaknesses and recommend corrective actions.• Support the development and enforcement of accounting policies and procedures. Reporting, Analysis & CFO Support• Analyze financial performance, variances, trends, and key movements in accounts.• Provide clear explanations for major changes in revenue, costs, margins, receivables, payables, liabilities, and intercompany balances.• Support budgeting and forecasting by providing accurate historical actuals, accounting assumptions, variance analysis, and validated financial data.• Work with the business teams to ensure financial assumptions are properly supported and reconciled with accounting records.• Prepare financial dashboards, KPIs, and reports as required by the Group CFO. Leadership & Team Management• Lead, mentor, and develop the accounting team.• Assign responsibilities clearly and ensure proper segregation of duties.• Set performance goals and conduct regular evaluations.• Build a culture of accuracy, accountability, discipline, and continuous improvement.• Train the team on accounting policies, reporting requirements, reconciliations, intercompany processes, and system usage. Systems & Process Improvement • Improve accounting processes, workflows, and reporting efficiency.• Support ERP implementation, optimization, and proper usage.• Identify opportunities for automation and reduction of manual work.• Work with Technology and Product teams on finance-system requirements where needed.• Ensure data consistency between operational systems, accounting records, and intercompany accounts.QualificationsGender Open to all gendersYears of Experience 10–12 years of relevant experience, with a minimum of 3 years in a managerial or team leadership role in accounting.Education bachelor’s degree in finance / accountingLanguages Arabic (Native) | English (Professional Working Proficiency both written and verbal)Preferred Industry IFRS knowledge required. ACCA, CPA, CMA, ESAA,or equivalent certification preferred