Al-Futtaim Group

Management Accountant - GCC | Retail | IKEA RSO Jebel Ali

Dubai, AE
Competitive salary + benefits
29 May 2024
12 Jun 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 A”rab 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 organisation 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

Supervise and manage GCC (UAE, Qatar & Oman) financial accounting and control activities including but not limited to the following.

  • Financial accounting and monthly / yearly closing in compliance with IFRS, Al Futtaim policies and standard operating procedures
  • Monthly GL schedules, clearances, and review in coordination with FSSC to minimize misstatements
  • Maintain supplier master, monitor LPOs, expenses, Invoice processing and payments and statement of accounts and balance confirmations in coordination with FSSC
  • Open ICMs review and acceptances
  • Maintain customer master and oversee collections
  • Ensure Corporate Tax, Withholding Tax and Value Added Tax Compliances in coordination with FSSC & Group Tax
  • Manage statutory and internal audits in coordination with FSSC and Retail Controlling
  • Participate in system enhancements and rollout including MS Dynamics 365 roll out SAP integration
  • Streamline / transform finance activities and operations to make it more efficient
  • Develop / enhance Standard operating procedures and checklists
  • Team engagement and development

What you will do

Financial Accounting, Monthly / Annual Closing, Checklist

  • Financial accounting in compliance with IFRS, Al Futtaim policies and standard operating procedures
  • Monthly / half yearly / annual book closing based on checklist in coordination with FSSC
  • Regular review and clearance of GL schedules and BSS misstatements in coordination with FSSC

Suppliers, LPOs. Invoices, Payments

  • Maintain supplier master including new supplier registration in coordination with I2P
  • Arrange to maintain approval hierarchy, issue, monitor LPOs and GRNs
  • Monitor receipt, submission, posting and payment of invoices
  • Arrange to obtain Statement of Accounts, carry out supplier reconciliations and balance confirmations
  • Maintain adequate provisions based on LPOs


  • Review open ICMs and acceptances in coordination with key stakeholders

Corporate Tax, Withholding Tax, Value Added Tax, Excise Duty & Municipality Tax

  • Ensure Corporate/Withholding/Value Added Tax, Excise Duty and Municipality Tax compliances
  • Provide required data, documentation and reports to group tax to prepare monthly/quarterly/annual returns
  • Maintain VAT documentations for UAE & Oman imports
  • Review Monthly FTA & Customs Reports Reconciliations

Audit External & Internal

  • Coordinate with shared services and external auditors for completion of midyear, hard close and annual audits
  • Provide relevant data, schedules, documentation and clarifications to external auditors
  • Coordinate and provide necessary data and reports for completion of Sales Audit reports to Franchiser and Landlords
  • Support & coordinate with Internal audit, stores for Internal Audits
  • Support implementation of audit recommendations

Load Factor Analysis and Adjustments

  • Quarterly review of load factors provisions vs actuals
  • Recommend adjustments to load factors rates, as required

Participate in MS Dynamics 365 Implementation, SAP Integration & New Store Set Up in Navision

  • Participate in implementation of MS Dynamics 365 and SAP Integration
  • Support New store Navision full system set ups & UAT
  • Training and supporting cash office and finance team


  • Ensure adequate insurance covers for new activities, new store & adhoc projects
  • Manage all insurance renewals with correct sum insured
  • Manage monthly / annual declarations
  • Coordinate and provide necessary documentation for claim settlements

Required skills to be successful

  • Strong computer skills - including ERP (preferably SAP, Navision, MS Dynamics 365) and advanced MS-Excel
  • Good analytical and problem solving skills
  • Excellent written and verbal communication skills

What equips you for the role

  • Master’s degree in Accounting or Finance / ACA / ACCA / similar
  • 5 years’ experience
  • Experience in GCC

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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