Al-Futtaim Group

Financial Controller - KSA

Location
Jeddah, SA
Salary
Competitive salary + benefits
Posted
26 Sep 2022
Closes
04 Oct 2022
Ref
142285
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

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

To develop and manage the financial function of Al Futtaim Engineering and Technologies, KSA leverages the span of management, in governance with applicable KSA Rules and Regulations and AF Policies to maximize the return on assets and investment and to ensure the required financial objectives are achieved.

What you will do

  • Drive and support AFET’s financial standing and profitability through strategic plans and partnership initiatives with all stakeholders internally and externally to ensure profitability objectives and targets are achieved.
  • Develop and manage the required monitoring mechanism to manage the financial performance of AFET companies in KSA by providing efficient reporting and escalation systems.
  • Design and manage a proactive financial risk management system to raise and mitigate all potential risks in terms of cash, debt collections, expenses mana, etc.
  • Provide strategic financial input and leadership on decisions affecting acquisitions and/or mergers and investments to maximize the return on investment and influence the proper directions.
  • Develop and manage the annual financial budget for the organization by leading the planning exercise and monitoring expenses with a proper reporting mechanism to ensure control and compliance.
  • Manage all bank relations leveraging AFET’s span of assets and workforce to initiate appropriate strategies to enhance cash positions and corporate deals in favor of the organization and workforce assets.
  • Manage all accounts payables and receivables efficiently with required compliance and optimize the cash flow and meet operational needs and commitment with the vendors.
  • Develop, implement and enforce policies and procedures of the finance functions to improve the overall operation and effectiveness.
  • Manage all internal and external stakeholders in line with the financial operations to ensure full compliance and legality e.g. Zakah, SAMA, SIMA, and Bank relations.

Required Skills to be Successful

  • Stakeholder management
  • Strong communication skills.
  • Expert in managing the compliance cycle.

About the Team

The finance team is a group of, highly motivated, collaborative, and fun, accounting professionals across Saudi, looking to add a Manager to the department, to whom all of them will report to.

What equips you for the role

  • Bachelor's degree in Accounting or Finance.
  • 10-12 years of experience in all financial functions in a relevant industry.
  • CMA is a strong asset, as well as a master's degree or equivalent.
  • Strong Analytical Skills and Strategic Planning.
  • Ability to manage a team and deliver on business requirements.

About Al-Futtaim Group Real Estate

The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.

Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.

About Al-Futtaim Malls

Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers.

Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt, Doha Festival City in Qatar and Zenata Mall, Morocco.

Leveraging on the expertise of its parent company, Al-Futtaim Malls established PLEX Management Services offering a full array of services including asset management and development, leasing, and brand experience expertise to shopping mall landlords and retail organizations globally. Implementing global best practice and deploying Al-Futtaim Mall’s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners.

For more information on Al-Futtaim Malls, please visit https://www.al-futtaimmalls.com/

About Al-Futtaim Engineering & Technologies

Al-Futtaim Engineering & Technologies offers customers complete engineering and systems integration solutions.

The Engineering arm operates in the UAE, Qatar, Saudi Arabia and Egypt providing a wide variety of products and services from air conditioning, scaffolding and access solutions, elevators and escalators, control and life safety, facilities management, building products, MEP, Energy Management, Technology Infrastructure and Digital Transformation.

The Technologies division provides complete business solutions to large, medium and small customers that include, contact centre solutions, business applications, business intelligence, data management, advanced analytics amongst others. The IT infrastructure portfolio comprises IP telephony, ELV systems, networking solutions, professional audio-visual solutions and managed services.

These solutions are further complemented by services that include project management, installation, testing, commissioning and after-sales maintenance contracts.

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

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