Al-Futtaim Group

Financial Controlling Lead | Al-Futtaim Retail | Dubai

Dubai, AE
Competitive salary + benefits
22 Dec 2021
22 Jan 2022
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.

About the Role:

Maintain a strong accounting & operational control environment to safeguard assets, improve accounting processes and manage business risks through financial compliance.
Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviours.
Ensure that the business activities are conducted in accordance with the Financial Control Models (FCM), and you also support the definition of local financial policies and ensure that the adherence to both local and global reporting standards are controlled.

Key Responsibilities:

  • Create and ensure compliance with operational accounting policies.
  • Advise the Senior Financial Controller on existing and evolving operating/financial issues.
  • Responsible for all accounting processes, and standard operating procedurer.
  • Perform effective training and management on the accounting procedures.
  • Implement compliance with Transfer pricing transactions.
  • Responsible for maintaining the chart of accounts and effectively communicate any changes being made / new accounts being opened with the purpose of use.
  • Responsible for Document retention compliance in all geographies.
  • Managing the impairment workings activities during HY and YE audits.
  • Perform spot cash counts/inventory write off reviews from a Financial control element.
  • Ensure all Internal Audit reports are tracked, responded to and recommendations are implemented in conjunction with the Operational P&C Team.
  • Assist in the development of a centralized process for the management of Retail Insurance and ensure risks are adequately covered and maintained.
  • Issue yearly insurance guidance in advance with the latest requirements to ensure compliance.
  • Complete random audits of workflow to ensure that all accounting transactions are appropriately authorized and executed.
  • Ensure monthly balance sheet reviews are conducted.
  • Support the streamlining of finance process through automation where possible

Other Key Responsibilities:

  • To liaise with relevant managers and stakeholders to ensure full collaboration and understanding on critical topics.
  • Contribute to the improvement of the solutions and business processes.
  • Maintains and upgrades professional knowledge, management skills and domain expertise by using continuous learning & development tools.
  • Contribution to business excellence initiatives.
  • Peer appreciation and feedback.
  • Continual development of team and product application skills.
  • Maintain an excellent rapport with the business.

Minimum Qualifications and Knowledge:

  • College or University degree in Finance
  • Qualified Accountant

Minimum Experience:

  • Minimum 5 years of relevant work experience.
  • Big Four Audit experience with 2 years industry experience.
  • Managerial experience of at least 2 years.
  • Knowledge of SAP BPC or SAP Business Warehouse will be highly regarded.
  • Extensive use of Excel.
  • Retail experience is a plus.

Job-Specific Skills:

  • Microsoft Office, particularly Excel.
  • PC skills.
  • Analysis and troubleshooting.
  • Strong technical account knowledge and audit experience needed.
  • Solid experience in International Financial Accounting Standards (IFRS).
  • Understanding of internal controls.
  • Understanding of System governance (especially in SAP)

Behavioral Competencies:

  • Individual Accountability.
  • Communication & interpersonal skills.
  • Personal Integrity.
  • Strong analytical skills & problem solving skills.
  • Ability to follow-up on outstanding issues.
  • Ability to work effectively as part of a team.
  • Ability to manage time & work under pressure.
  • Readiness to persevere with difficult tasks.
  • Ability to be assertive without being aggressive.
  • Able to focus and drive tasks to completion.

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 “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.

For further information, and to apply, please visit our website via the “Apply” button below.

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