Accounts Manager Jobs In Dubai | Al-Futtaim

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About the job

Job Requisition ID: [[155646]]

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:

As a member of Divisional Controlling team – to support the FM / AGM on delivering,

• Driving Accounting Policy requirements of Division through Division Specific Accounting Policies
• Provide inputs to Group Finance on new / revision of existing Group Account Policies
• Liaise, coordinate and support BU Finance in implementation of new accounting policy requirements
• Provide Policy guidance to BU Team through Divisional Accounting Policy Committee and BU specific training / briefing sessions.
• Provide accounting guidance / advisory on compliance of Accounting Standard (IAS), Reporting Standards (IFRS) & Group policies.
• Provide support and advisory in on Complex Accounting Judgment, Estimates and Accounting Processes
• Lead the overall implementation and compliance of Internal Controls Framework and coordinate with Group and BU on any change requirements
• Assess risks, insurance requirements, engage with insurance partners for insurance coverage for the Division.
• Play role in collaboration with BU to maintain and roll-out collection infrastructure

What you will do:

Accounting Policy & Advisory:

• Provide Support to Group and Divisional Policy and Advisory Head in developing Financial Internal Controls, Controls Assessment and Reporting / Standardisation Framework
• Support Group Finance in review, gap analysis and preparation of Group Accounting Policies.
• Support and play key role in drafting Divisional Accounting Policies and Process Notes based on the identified process gaps, internal audit recommendations as well BU request for specific areas requiring accounting guidance and advisory.
• Assisting with the implementation of new accounting policy requirements through producing detailed technical analysis in this area and contributing to Group discussions as subject matter expert.
• Prepare and present accounting training sessions to the Finance & Operations teams where applicable on IAS, Accounting Policies and IFRS.
• Provide Support and Guidance to BU FP&A and Controlling teams on Complex Accounting Judgements.
• Driving the overall Insurance Requirements of Business Units, ensuring coverage of all risk. Liaise with BU and Insurance providers to ensure insurance coverage are available to mitigate all the financial loss risks and any statutory / covenant requirements.
• Support in liaison with P&C and EIT team in implementation of Collection Infrastructure, integration to Books of accounts and related touchpoints

Balance Sheet substantiation / Process Reviews:

• Liaison with Shared Service Centres and BU Finance Team to ensure all the required processes for Financial Period Close ae performed on time to ensure Quality Financials
• Play key role in driving Balance Sheet Substantiation implementation and rollout process, periodic reviews of misstatement, liaison and escalation of key risk areas for resolution
• Prepare necessary details / reports for Entity Level Scorecards / Issues Resolution Drive
• Review SSF KPI / SLA and initiate discussions with respective stakeholder for review and identification of improvement areas with detailed implementation plan and timelines
• Liaise with Business Units to align on creation of any Legal entity establishment and closure. Ensuring Books of accounts structure are defined for the new entities as well ensuring all the accounting and legal processes are completed for closure of any entities.

External Audit:

• Provide Support on overall tracking of Audit Progress, Alignment with Audit Program and Timelines
• Coordinate with Shared Services and BU team to ensure that auditor’s requirements are being provided in a timely and accurate manner.
• Support the FM / Sr. FM in Preparation of Standalone / Consolidated Financial Statements of required entities
• Liaise with Auditors and BU teams on Other Certification Requirement from Auditors (Revenue Certificates, ICV Certificate ESR etc.)
• Support to FM / Sr. FM on any specific reporting requirement of Group Finance for Fs preparation, Consolidation and other analysis

Required Skills to be successful:

• Good knowledge of IFRS and practical application
• Experience of drafting & reviewing accounting policies
• Knowledge of Financial Statements
• Good Understanding of Internal Controls and Processes
• Qualified Professional Accountant (CA, CPA,ACCA)