GL Accountant

About invygo

Founded in 2018 and headquartered in Dubai, invygo aims at simplifying the process of getting a car. With the success of our expansion to Saudi Arabia in 2021 and in Qatar 2023, we have continued to grow our operations.

Being the first car subscription app of its kind in the region, we have a proven track record and an in-depth understanding of our customers' mobility needs.

Our app enables customers to own or subscribe to a car on a monthly basis without any hassle. Customers can commit for a minimum of 1 month with our monthly plans or 36 months with our Subscribe to Own service.

invygo's car subscription service is different from renting or buying a car. We offer the best of both worlds. Unlike renting, we don't require our customers to make a large deposit upfront. They can also choose the exact car model and features they want through our app, a benefit that rental companies don't offer. Buying a car comes with high up-front and maintenance costs, long-term commitment, registration and insurance charges. With invygo's Subscribe to Own plans, our customers pay an all-inclusive fee monthly without the additional paperwork and cost.

At invygo, we empower our customers to access a car with no deposit or down payment, no long-term commitment, and the option to cancel their monthly subscription plans at any time through our seamless digital platform.

About the role

The Accountant is responsible for managing the monthly closing process for multiple locations, performing revenue reconciliation, and collaborating with the collections department and other stakeholders. The role also includes managing prepayments, accruals, and other financial schedules, as well as ensuring compliance with VAT regulations.

Key Responsibilities:

Monthly Closing Process:
Owns the monthly financial closing process for multiple locations.

Ensure all financial transactions are accurately recorded and reported.

Prepare and review journal entries, account reconciliations, and financial statements.
Revenue Reconciliation:

Perform detailed revenue reconciliations to ensure accuracy and completeness.

Identify and resolve discrepancies between reported revenues and actual figures.

Work closely with the sales and operations teams to validate revenue data.

Collaboration with Collections Department:

Coordinate with the collections department to track and reconcile receivables.

Assist in the analysis and reporting of aged receivables.

Ensure timely and accurate application of cash receipts.

Prepayments and Accruals:

Manage and reconcile prepayment accounts.

Calculate and record monthly accruals.

Prepare supporting schedules and documentation for prepayments and accruals.

Financial Schedules and Reporting:
Prepare various financial schedules, including fixed assets, depreciation, and amortization schedules.

Ensure all schedules are updated and reconciled monthly.

Assist in the preparation of financial reports for management and external stakeholders.

VAT Compliance:

Ensure compliance with VAT regulations for all transactions.

Prepare and submit VAT returns accurately and on time.

Maintain up-to-date knowledge of VAT laws and regulations.

Internal Controls and Process Improvement:

Maintain and improve internal controls related to financial reporting.

Identify areas for process improvement and implement best practices.

Participate in audits and provide necessary documentation and support.