Finance Manager R2R - Retail - Dubai
Al Futtaim Private Company LLC, United Arab Emirates
Job Description
Come join us to live well, work better, and be the best.
About the Role
As a member of SSF management team– To support the GM- Controlling and to ensure compliance with company policies and procedures with major emphasis on(a) Quality of Financial books (b) periodical books closing and reporting (c) IFRS compliance (d) General Ledger Reconciliations & Review (e) Audit and Tax compliance.
The job holder is required to interact with GM- Controlling; Location Managers and Divisional Heads – requires good communications skills.
Understanding of systems (SAP and Policy / Procedures) is crucial both for determining applicability and relevance as well as for designing verification procedures and processes that are meant to highlight exceptions.
About the Responsibilities
Financial accounting:
Ensure the financial accounting of all companies reflects true and fair view through
BPC data quality to ensure correct Divisional and Group reporting.
Standardization of accounting schedules and implement quality review process.
Ensure compliance with Group accounting policies and IFRS compliance
Continuous improvement of GL review process for early warning signals.
Chart of Accounts review to ensure business and reporting requirements are maintained current and relevant.
General Ledger reconciliations & Schedule Review:
Reconciliation of GL Accounts, preparing ‘action-triggering’ schedules and taking timely action to resolve any issues.
Monthly reviews of General Ledger /trend analysis, process improvement, streamline process across companies.
Providing analysis and reports related to open line item in General ledger and taking required action to clear.
Providing support in yearly closing of books.
Lead and Facilitate Monthly / Semi annual / Annual books closing
Establish clear timeline and ownership
Preparing the checklist and ensuring the compliance
Co-ordinate with external auditors and ensure timely response, documentation and information
Audit:
Lead and guide the smooth completion of Annual/Semi Annual Audit
Ensure the smooth completion of Annual/Semi Annual Audit
Discuss and facilitate the External Audit; Review and discuss the Audit Recommendations and Ensure implementation
Insurance:
Review of insurance coverage and ensuring the Insurance compliance
Review and advise adequacy of insurance coverage
Facilitate the Business and Insurance company for appropriate coverage
Facilitate structured claim process and review
Prepare guidelines for business unit.
Bank/Cash:
Review of Bank Accounts and Cash Clearings and ensuring the timely completion
Ensuring the timely completion of Bank Reconciliations and taking appropriate and corrective actions
Implementing the Risk Identification and Escalation process.
Review of Cash clearing and Cheque clearing Schedules, ensuring no pending items, if any highlighting the line manager and taking appropriate action.
Intercompany and Intercompany:
Review of all Intercompany and Intra company transactions and Balances, ensuring the accounting and settlement is completed appropriately and reconciled.
Ensure the Sub ledgers and Recon ledger balance are tying up.
Clearing all the Intra customer Ledger Accounts and transfer to the appropriate GL account
Review of all the old and aged outstanding ICM balances and support acceptance /clearance.
Guide and facilitate the team and SBU for ICM Acceptance, accruals, and necessary accounting schedules.
Job Specification
About the Requirements
Minimum Qualifications and Knowledge:
Chartered Accountant (or similar qualification)
Minimum Experience:
7-9 years of similar experience, with a good knowledge of ERP systems.
Job-Specific Skills:
Good accounting(IFRS) knowledge, preferably worked with Big4 audit firms, analytical, process oriented, well organised, with excellent communication skills, a team player. Should possess a good knowledge of excel and have prior experience in working with large databases. presentation skills, exposure to ERP. (Preferably SAP) and SAP BW/ BPC
Behavioural Competencies:
Organisation: Should be able to plan and prioritise workload with minimum supervisory input.
Self-Starter: Should be able to anticipate emerging trends and issues in the books of account and initiate appropriate action.
Team Player: Should enjoy working in a team and be able to solve problems and resolve issues in a collaborative manner
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