Accountant – R2R Job at Al Futtaim UAE

Accountant – R2R Job at Al Futtaim UAE
Location: AE
Company: Al Futtaim Private Company LLC
Job Requisition ID: 155544

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.

We are currently seeking an experienced treasury professional to join our Finance Shared Service Center in the capacity of Accountant – R2R

Related: Lead Operational Performance Analyst job at Qatar Airways Doha

Overview of the role
As a member of R2R team – to support the Accounts Manager / Finance Manager on delivering:
Robust, timely and accurate periodic book closing
Timely Preparation of GL schedules for Certification & Substantiation
Support an Effective / efficient R2R framework covering Close, Certify & Compliance activities.
Ensure financial records are correct and support external audit.
Timely preparation and submission of Standard reporting / Management reports
Regular Trial Balance review and Balance Sheet substantiation.
Provide FS preparation support.
Explore and support efficiency improvement initiatives by Identifying opportunities of Standardization & Automation of R2R processes

What you will do
General Ledger Schedules / reconciliations:
Prepare GL schedules (reconciliations) monthly.
Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.
Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
Review trends, identify patterns & opportunities to strengthen controls.
Standardize schedules and follow a quality review process.
Engage with business unit finance teams to discuss findings from GL schedules.
Follow IFRS/IAS and AFG policies in the accounting process

Related: Assistant Manager job at Common Concept UAE

Monthly / Yearly Book Closing
To monitor and control closing of books monthly / yearly with other FSSC teams and ensure recognition of robust financials within the group timelines:
Post accounting entries based on agreed principles and guidelines.
Review recurring provision, accruals of expenses and amortization.
Identify gaps in provisions and accruals
Validate amortization and provision entries.
Identify and post accounting entries that require reclassification. Post reclassification entries, cost allocations and any other entries required as per standard checklist.
Ensure timely support in preparation of financials and take ownership for delivery.
Follow checklists and ensure compliance.
Identify gaps in checklist and report new entries/edits to line manager.
Provide necessary support in weekly stock forecast, posting necessary adjustment entries related to inventory as per agreed guidelines. Post month end stock provision entries based on reports and facilitated comprehensive review.
Submit relevant accounting information/data monthly, to facilitate AFG consolidation using the Business Planning and Consolidation (BPC) tool.
Work for continuous improvement in monthly closing activities to ensure quality financials for business units
Balance Sheet substantiation / Trial Balance Reviews

Carry out detailed review of key GL accounts in Trial Balance and ensure substantiation of balances appearing against it.
Robust Record to Report process
Ensure / Support robust R2R process through.
Standardizing the accounting process,
Regular key account reconciliations,
Improved Fixed Asset management,
Improve month-end process & related reporting.
Monthly Standard Management Reports
To prepare quality monthly management reports as per agreed templates / formats with comments for review with the Finance Manager / AGM Finance.
Support Business Finance Team in preparation of monthly management & Board packs by submitting standard reports on a timely basis.
Finance Function / Overseas support
Provide support for overseas entities by reviewing the current processes and sharing best practices and processes in improving the standards.

External Audit
To coordinate external Audit of the Divisional entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.
Coordinate with other teams in FSSC and ensure that auditor’s requirements are being provided in a timely and accurate manner.
Support standalone FS preparation of Divisional entities in accordance with the governance form Group Finance / Divisional Controlling

Related: Sales Assistant job at Chanel Dubai

Required skills to be successful
Strong Analytical
Process oriented
Good communication
Presentation skills
Exposure to ERP (Preferably SAP) and SAP BW/ BPC

What equips you for the role
Bachelor’s degree in accountancy/ACCA/CMA (or similar qualification)
At least 2-3 years relevant experience within a large organization for help instead of figuring it out on their own, which saves them time. — They learn from others’ failures.
They have no pressure to be perfect which helps them get started. — They set low-barrier to entry.
They can make boring tasks fun; working with music, taking more breaks. — They make work fun.
They can handle high-pressure tasks well because they are already saving energy — They are relaxed.
They want to avoid work so are able to focus on the 20% that gets results — They are efficient.

Work Level
Experienced, Mid-Level
Employment Type
Full Time

Related Jobs

Other similar jobs that might interest you