About the job
Job Requisition ID: 156756
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 Groups 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
As a manager of FSSC R2R team, Associate will lead and mentor the team who are involved in financial book closing and reporting. Associate will be responsible for book closing and reporting activities of all AF Group companies (80+ entities) and across 10 different geographies supporting diversified BUs in Real Estate, Construction, Engineering, Healthcare, Schools, and Group Services etc. with major emphasis on:
Ensuring compliance with Group policies and procedures
Quality of Financial books
Periodical books closing and reporting
R2R Transformation Initiatives – Streamlining the R2R activities, standardize and automate processes to improve efficiency levels
IFRS compliance and preparation of multiple FS
Manage internal and external audits
Contribute towards a robust R2R tower focusing on achieving maximum customer satisfaction within agreed SLA’s.
Support overseas integration of Group Entities.
Regular Trial Balance review and Balance Sheet substantiation
Partner with Business Finance and provide value added insights and actionable reports
What You Will Do
Lead the team of R2R accountants to manage the process of books closing and reporting of all Al Futtaim companies catering different divisions like Real Estate, Construction, Engineering, Healthcare, Schools, Group Services etc.
Lead internal/external audits and ensure timely response, documentation, and information with respect to processes under ownership. Ensure audit closure within SLAs and given timelines.
Prepare and circulate agreed management reports on periodic basis with key insights, potential audits issues and exceptions.
Review Segregate & Streamline the R2R activities performed by associates into Transactional / Reporting, Pre-close, On-close & Post Close.
Carry out detailed review of key accounts in Trial Balance and ensure substantiation of balances appearing against it.
Continuously monitors, critically evaluates, and advises on the relevant accounting standards, regulations, conceptual and financial reporting frameworks.
Coordinate within R2R and other FSSC tower heads to ensure accurate books keeping, reduce accounting errors/reclassification and internal/external audit observations.
Establish process to comply with accounting standards, IFRS and group accounting policies.
Work collaboratively with all stakeholders by developing impactful working relationship.
Delivery of agreed service levels (SLAs) to divisions
Governance & Reviews
Introduce strong governance around preparation, review, and submission of financial statements.
Plan and prepare for audit meeting with financial controller, Divisional CFOs and auditors.
Lead business review and audit meetings and monitor action items for closure.
Review Inter-company reconciliations on monthly basis to resolve differences and receive balance confirmation.
Continuously engage with FSSC and divisional team for closure of all audit observations within stipulated time.
Reduce cycle time require to complete the audit/sign-off of financials.
Introduce day-wise activity calendar to complete the audit within stipulated time.
Charts of accounts harmonization across AF group entities
Preparation of Standard Operating Procedure (SOPs)
Support Process improvement team in driving various quality initiatives and sign off SOW, RACI matrix with business
Assist Tower Head in career development activities for team members, including performance management and feedback.
Ensure adequate guidance and training of team members to meet service delivery targets.
Responsible for attrition management and timely backfills
Required Skills To Be Successful
Good accounting (IFRS) knowledge
Preferably worked with audit firms or MNCs
Excellent communication and stakeholder management skills
Ability to work in tight deadlines
What Equips You For The Role
ACA / ACCA / CIMA Qualified Accountant or equivalent
Minimum 8-10 years of similar experience
With good knowledge of ERP systems (Preferably SAP and BPC)
Were 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 apply: 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.