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 Manager - R2R.
Overview of the role To manage accounting of inter-company related transactions for the AF Group entities (Accounts Receivable, Accounts Payable, Loans receivable/ payable, Gratuity Funds & Reserves). To examine current processes and identify areas for improvement to minimize differences across all systems (PRT, PAD, PTR). To manage, guide and direct processing teams responsible for acceptances of IC invoices, settlement of IC balances, posting of accounting entries related loan and any other type of intercompany relationships. Ensure that the team involved performs at optimal levels whilst identifying opportunities to increase effectiveness through automation. To closely monitor instances that lead to mismatches and address root causes. To ensure compliance with Group policies & Group directives and highlight areas of aberration. Harmonize and standardize intercompany processes across the AFG, globally. Continuously engage with stakeholders across all geographies.
To manage computation of Corporate Income Tax computations, accounting, reporting and data extraction.
What you will do
Audit ready processes
Timely, accurate settlements to all parties for accepted Intercompany transactions
Zero unexplained differences between any two related parties
Engage all relevant stakeholders in related parties to highlight mismatches and to drive desired outcome of Nil unexplained differences
100% on time related party payments as per agreed due dates and timelines announced from time to time. NIL exceptions
Minimize human intervention causing defects and leading to mismatches
Work with GTDP to automate processes
Rewrite SOPs where required
Shape organization\'s culture through policy inputs to ensure smooth operations, legal and ethical compliance, meet behavioral expectations always keeping strategic perspective, whilst retaining simplicity in operational processes
Provide necessary inputs to Group Finance to draft policy on intercompany transactions.
Recommend specific changes to policy to keep policy relevant and practical to follow with changing both, internal and external environment.
Transform archaic processes and adoption of standard & best practices across all business units
Mandate acceptances based on strong evidence of performance by the originating company
Streamline document management to bring in absolute transparency and opportunity for review before acceptances
Introduce simultaneous acceptance processes eliminating discretion that leads to mismatches
BPC Intercompany balances are matched on a sustainable basis
Introduce necessary reporting mechanism to support in identifying root causes for differences.
Accurate computation of Corporate Income Tax liability
Minimal deviation between final annual computation and monthly provision of Corporate Income Tax
Effective compliance of Corporate Income Tax by providing timely data demanded by the regulatory authorities
Create an efficient process to store, identify and collate necessary information/data required by the Corporate Income Tax authorities, resulting into smooth assessments
Required skills to be successful
Computer Skills including good knowledge of MS Excel
SAP
Excellent communication skills.
Eye for detail, patient,
High level of interpersonal skills
Ability to perform under tight deadlines and pressure
What equips you for the role
Commerce graduate preferred with accounting major
5+ years in a similar role and hands on knowledge of ICM (Intercompany module); Settlement processes between related parties, both within U.A.E. & outside; Accounting in ERP (Preferably SAP)
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.