Description

Finance Executive| Retail | IKEA RSO

Location: Dubai, AE

Company: Al Futtaim Private Company LLC

Job Requisition ID: 153160

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

The Accounts Executive is responsible for working closely with the accounting team, Stores, SSF and tax department to provide support in managing business requirement on daily basis relating to smooth running of the business

Ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports

What you will do

Balance Sheet Substantiation

Constantly monitor and maintain the books of accounts (G/L, sub ledger) accurately to reflect true and fair view of the company in the performance reports

G/L schedules - scrutinize and prepare G/L schedules for review by line manager

MIS and Reporting

Monitor variances versus budgets and provide detailed MIS reports to other departments

Ensure compliance with group accounting and financial policy

BPC submissions-Check Income Statement & Balance Sheet reports are reflected correctly in BPC as per SAP. Reclassification of Related party entries, ICM auto accruals, trading partner correction entries. Buyer & Seller templates.

Month end Sales & Collection Entries Booking

Coordinating with Cash office team on daily basis with regards to Open Cash collection summary statements for Stores, Central Unit & Restaurants

Support Cash office team in resolving system issues, in coordination with IKEA IT Team

Monitoring Cash Collection Reconciliation Reports on regular basis for Stores, Central Unit & Restaurants

Month End-Reconciling the Collection Summary in Navision, check accuracy and posting the entries to SAP Financials

Posting other month end provision entries in SAP

E-Com

Online sales

Daily reconciliation of E-Com Debtors, Receipts, E-Com Sales, Deferred Sales, Tax & Deferred Tax accounts

E-Com Master Card clearing account-to import online payment entries in Navision & reconcile the receipts

Cash on Delivery

Daily reconciliation of COD Debtors, Sales, Tax, Deferred sales & Tax

Follow up and reconcile Cash collection from Service providers-To receive daily cash collection report and reconcile with the sales & delivery data.

Import payment entries in Navision, reconcile & settle the cash receipts

Coordinating with the Third-party service providers on variance & resolving the issues in coordination with IKEA Call Center Team & Central Unit Team

Coordinating with IKEA IT Team on system issues and resolving it

Forwarding the pending COD order listing to Central Unit team & following up on clearing the same

Safex

Daily reconciliation of Safex Debtors & Receipts

Reconcile & clear open line items

E-Com Oman

Daily reconcilations of Oman Debtors, Receipts, Sales & Tax

Managing UAE & Oman Sales & Receipts

Coordinating with Central Unit on the daily deliveries reports and following up on the pending transactions

Coordinating with the Third-party service provider on the Customs clearance documentation requirements for accounting purpose

Posting accounting entries between UAE & Oman books

Oman Master Card clearing account-to import online payment entries in Navision & reconcile the receipts

VAT Documentation & Reconciliation

Maintain accurate VAT documentation

Reconciliation of VAT entries between Navision & SAP

Ensuring accurate VAT filing done on monthly basis

Purchase Booking

Foreign & Local Vendors Purchase booking in SAP

Purchase entries to be checked in Navision & booked in SAP

Coordinating with Store In store Logistics Team on clarifying variance, if any

Inventory

Prepare analysis on inventory and ageing and monitor stock provisioning

Track GL accounts for provisions for merchandise clearing and monitor add on load factor rates used

Monthly booking of inventory related entries between Navision & SAP

Maintaining of Inventory movement records and documentation pertaining to each Inventory related GL in Navision

Coordinating with Store In Store Logistics Team for any variance between the Stores & IFB

Accounts Payable

Coordinate, review and ensure with Shared Service AP team, Vendor related control GL accounts are reconciled and necessary action taken on a continuous basis.

Internal Controls and Policies

Ensure compliance with group accounting and financial policy

Work with store teams to handle VAT related compliance all the time in store

Required skills to be successful

Working knowledge of excel and MS office packages,

Knowledge of accounting software package preferably ERP such as SAP & Navision

Knowledge of Tax filling is an advantage.

What equips you for the role

Minimum 3-5 years of experience working as Accounts Executives

Experience of Tax accounting is an advantage.

Commercial Acumen

Strong stakeholder & communication management skills

Data Driven & Strong Analytics

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\xe2\x80\xa6

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