Job Requisition ID: 159918

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 A\xe2\x80\x9drab 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 organisation 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.

We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Senior Accountant - R2R.

Overview of the role
As a member of R2R team - to support the Accounts Manager / Finance Manager on delivering:

• Robust, timely and accurate periodic book closing
• Timely Preparation of GL schedules for Certification & Substantiation
• Support an Effective / efficient R2R framework covering Close, Certify & Compliance activities.
• Ensure financial records are correct and support external audit.
• Timely preparation and submission of Standard reporting / Management reports
• Regular Trial Balance review and Balance Sheet substantiation.
• Provide FS preparation support.
• Explore and support efficiency improvement initiatives by Identifying opportunities of Standardization & Automation of R2R processes

What you will do

General Ledger Schedules / reconciliations:

• Prepare GL schedules (reconciliations) monthly.
• Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.
• Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
• Review trends, identify patterns & opportunities to strengthen controls.
• Standardize schedules and follow a quality review process.
• Engage with business unit finance teams to discuss findings from GL schedules.
• Follow IFRS/IAS and AFG policies in the accounting process

Monthly / Yearly Book Closing

To monitor and control closing of books monthly / yearly with other FSSC teams and ensure recognition of robust financials within the group timelines:

• Post accounting entries based on agreed principles and guidelines.
• Review recurring provision, accruals of expenses and amortization.
• Identify gaps in provisions and accruals
• Validate amortization and provision entries.
• Identify and post accounting entries that require reclassification. Post reclassification entries, cost allocations and any other entries required as per standard checklist.
• Ensure timely support in preparation of financials and take ownership for delivery.
• Follow checklists and ensure compliance.
• Identify gaps in checklist and report new entries/edits to line manager.
• Provide necessary support in weekly stock forecast, posting necessary adjustment entries related to inventory as per agreed guidelines. Post month end stock provision entries based on reports and facilitated comprehensive review.
• Submit relevant accounting information/data monthly, to facilitate AFG consolidation using the Business Planning and Consolidation (BPC) tool.
• Work for continuous improvement in monthly closing activities to ensure quality financials for business units.

Balance Sheet substantiation / Trial Balance Reviews

• Carry out detailed review of key GL accounts in Trial Balance and ensure substantiation of balances appearing against it.

Robust Record to Report process

Ensure / Support robust R2R process through

• standardizing the accounting process,
• regular key account reconciliations,
• improved Fixed Asset management,
• improve month-end process & related reporting.

Monthly Standard Management Reports

• To prepare quality monthly management reports as per agreed templates / formats with comments for review with the Finance Manager / AGM Finance.
• Support Business Finance Team in preparation of monthly management & Board packs by submitting standard reports on a timely basis.

Finance Function / Overseas support

• Provide support for overseas entities by reviewing the current processes and sharing best practices and processes in improving the standards.

External Audit

• To coordinate external Audit of the Divisional entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.
• Coordinate with other teams in FSSC and ensure that auditor\'s requirements are being provided in a timely and accurate manner.
• Support standalone FS preparation of Divisional entities in accordance with the governance form Group Finance / Divisional Controlling

Required skills to be successful

• Analytical
• Process oriented
• Good communication
• Presentation skills
• Exposure to ERP. (Preferably SAP) and SAP BW/ BPC

What equips you for the role

• Bachelor\'s degree in accountancy/ACCA/CMA (or similar qualification)
• At least 2-3 years relevant experience within a large organization

We\'re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click \xe2\x80\x9capply\xe2\x80\x9d: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Al-Futtaim