Al-Futtaim Group

Accountant - I2P | Finance Shared Service Center | Corporate Services

Dubai, AE
Competitive salary + benefits
09 May 2024
20 May 2024
Approved employers
Approved employer
Contract type
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

We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Accountant – I2P.

Overview of the role

The invoice processing lead will work with the FSSC I2P tower head and FSSC Head and will be accountable for all invoice processing and intercompany payment related to Finance & Accounts (Statutory, Management & Tax accounting) for all entities being served by FSSC.

He / She will establish, manage and maintain daily financial processes (Invoice processing, allocation of workload to staff, review of accounting irregularities, ageing on balances, MIS, Audits, Technical accounting matters, Reporting, and reviews, etc. as per time-bound deliverables). The candidate will be responsible for providing inputs, advice, and support to the team on technical and operational matters.

What you will do

Invoice processing

  • Processing PO / Non PO-based invoice for Local third-party vendor for company codes assigned
  • Ensuring VAT-compliant invoices while processing local third-party invoices, both PO and NPO-based.
  • Ensuring approvals are taken before processing manual posting and GL, CC, and Tax codes are provided.
  • Sending mail to unblock the entries which are in blocked status.
  • Updating the payment printing file for urgent payment.
  • Managing Ariba manager approval for all company codes assigned
  • Managing queries received through email or call
  • Ensure timely processing of supplier invoices
  • Ensure timelines are met as per SLA
  • Ensure periodic balance sheet substantiation and aged items over 90 days are tracked and reported
  • Follow up with business unit to complete invoice verification
  • Ensure to process payments for Principal vendors as per credit terms and standing instruction (eg: Trading Enterprises - Some Principal vendor payments by 25th of every month)
  • Advance Payment Review
  • Good Receipt IR Review
  • Debit Balance Review
  • Vendor Account Zero Balance
  • Validation of Invoices scanned - as and when required by Validation team.

Internal and financial control compliance

  • Ensure application of appropriate internal controls, compliance, and financial processes at FSSC (Procurement, AP, systems, etc.)
  • Adopt best practices and process improvements within the Financial Reporting, Technical Accounting, and Financial Controlling processes
  • Review and reconciliation of BS accounts, GL Scrutiny

Technical Expertise

  • Thorough knowledge of SAP Invoice processing accounting, tcodes, underlying transaction basis
  • Work with IT demand manager to ensure reports are being automated and available on real time basis
  • Ensure Daily targets are met for processing

Required skills to be successful

  • Experience with ERP (preferably SAP – FICO, BPC, BI etc.) and information systems, including planning, implementation and monitoring
  • Experience preferably in Shared Service environment with Process mindset
  • Proficiency in MS Office (Word/ Excel/ PowerPoint/MS Projects)
  • Sound knowledge on Accounting principles and Standards, Compliances, VAT
  • Sound knowledge of Regulatory compliances
  • Working knowledge of SAP
  • Excellent analytical, reasoning, and problem-solving skills

What equips you for the role

  • Professional accounting qualification - BBA Finance, BCom, Inter CA, ACCA or equivalent
  • Strong core finance technical skills and a solid understanding of finance & Accounting Standards (IFRS), processes, infrastructure, and systems (SAP FICO)
  • Excellent Coordination and stakeholder management skills
  • 2-3years of well-rounded experience in the field of Accounts payable and have worked in finance

About Al-Futtaim Retail

Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE, and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka, and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer’s in both regions with over 75 stores offering both fashion & food options.

Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference…

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

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