Job Opportunity in the UAE as a Senior Accountant with Al Futtaim

Al Futtaim is offering a job opportunity as a Senior Accountant to join the team in Dubai, United Arab Emirates. 

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 cutoff 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

1. Graduate/ACCA/CMA (or similar qualification).
2. 5-7 years of similar experience, with good accounting knowledge and ERP systems.
3. Good accounting (IFRS) knowledge, analytical, process oriented, well organised, with excellent communication skills, a team player.
4. 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.

About Al Futtaim:

Al-Futtaim’s family business traces its origins back to the 1930s on the banks of the Dubai Creek, a trailblazer for innovative trading concepts designed to enrich lifestyles. Today, Al-Futtaim is present in 29 countries, represents over 200 companies spanning the automotive, finance, retail, and real estate industries, and it is now 42,000 people strong. Currently spanning the automotive, finance, retail, and real estate industries, Al-Futtaim’s diverse and far-reaching portfolio of brands and companies are ever-present in people’s lives, from the shores of Singapore to the sands of the UAE.

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