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Job Requisition ID: 157787
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day
Overview of the role
Maintain a strong accounting & operational control environment to safeguard assets, improve accounting processes and manage business risks through financial compliance.
Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
Ensure that the business activities are conducted in accordance with the Financial Control Models (FCM), and you also support the definition of local financial policies and ensure that the adherence to both local and global reporting standard are controlled.
What you will do
Perform a preclosing balance sheet review in conjunction with the FSSC team to identify any accounting anomalies to be cleared prior to the book closure
Support in the monthly accrual process to ensure adequate accruals have been taken for the BU
Ensure the balance sheet lines are correctly reflecting their balances to avoid an Net debit / credit balance misstatements or any negative Balances in Asset lines. Inform FSSC of any errors to correct
Ensure the bank balance reconciliations provided by FSSC throughout the month are matching with the bank statements – advise on any rectification entries to be passed
Ensure all leasing accounting entries have been passed and check all lease renewals / modifications have been carried out by FSSC team
Support driving any clearing of Balance sheet reconciliations identified post previous month end closing
Support document retention compliance process in all BU’s being managed
Complete random audits of workflow to ensure that all accounting transactions are appropriately authorized and executed
Regular review of Balance Sheet schedules provided by FSSC and driving resolution of misstatements/unreconciled open items in GLs
Ensure timely submission of Balance sheet substantiation to group finance
Advise any reclassifications required to be passed by FSSC in next monthly closing system
Support the review SAP to BPC reconciliation on a monthly basis and minimize the entries posted in BPC
Support the review of any audit adjustment entries being passed to ensure opening balances are correctly stated
Required Skills to be successful:
Microsoft Office, particularly Excel
PC skills
Analysis and troubleshooting
Strong technical account knowledge and audit experience needed
Solid experience in International Financial Accounting Standards (IFRS).
Understanding of internal controls
What equips you for the role
College or University degree in Finance
Qualified Accountant
Big Four Audit experience with 2 years industry experience will be highly regarded
Controller experience of at least 3 years
Knowledge of SAP BPC or SAP Business Warehouse will be highly regarded
Extensive use of Excel
Retail experience is a plus
About Al-Futtaim Retail
Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer’s in both regions with over 75 stores offering both fashion & food options.
Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference…
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