Senior Accountant (Record to Report) | Corporate Services | Dubai
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
As a member of Shared Services Finance R2R (record to report) team, the Senior Accountant will support the Finance Manager in monthly and yearly preparation of journal entries and reconciliation of GL accounts to ensure data accuracy for all Electronics entities.
About the Responsibilities
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.
- Standardization of accounting schedules and implement quality review process.
- Continuous improvement of GL review process for early warning signals
- Gathering of all information related to BS from concerned stakeholders to ensure proper reconciliation of GL accounts.
- Tracking and analysis of monthly GL accounts against budget and alignment/highlighting any significant variances to corresponding business. This includes follow up and clearing pending items in the balance sheet.
Facilitate Monthly / Yearly books closing and Business Support:
- Ensure timelines on preparation of financials are met and take ownership
- Preparing the checklist and ensuring compliance that includes ICM recurring provision, accruals of missing expenses, prepaid adjustment entries, prepaid amortization and reconciliation entries.
- Validating amortization and provision entries are as per schedule and within budget to ensure effective accounting process is followed.
- Recognizing monthly entries that requires be transferring and reclassifying. Perform transfer entries and reclassification entries on all assigned businesses.
- Preparation & circulation of monthly intercompany loan reconciliation
- Ensure PAF entries are posted on timely basis to support business operation.
- Providing support in weekly stock forecast and monthly / yearly closing of books. Passing of month end stock provision entries after comprehensive review and confirmation by business.
- Monthly reconciliation and submission of actuals in BPC within GF cut off date which includes posting of adjustment entries if required.
- Co-ordinate with external auditors and ensure timely response, documentation and information
Intercompany and Intercompany:
- Review of ICM to ensure ICM team has accepted the regular charges (Warehouse rent, D&W, Warranty, Security charges. MDE charges, EIT, Visa, Emiratization & Training Levy)
- Highlight issues around elimination of transactions
- Ensure fixing of process to avoid such issues in future
About the Requirements
- Minimum Qualifications and Knowledge:
- Graduate/ACCA/CMA (or similar qualification)
- Minimum Experience: 5-7 years of similar experience, with good accounting knowledge and ERP systems.
- Good accounting (IFRS) knowledge, 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
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.