Job Opportunity in UAE: Finance Executive at Al Futtaim

Al Futtaim is offering a full-time job opportunity as a Finance Executive to join IKEA’s team in Dubai, United Arab Emirates for 2021. 

General Ledger (G/L) Scrutiny & Accounts Payable:

1. Constantly monitor and maintain the book of accounts (G/L, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports.
2. G/L schedules - scrutinize and prepare G/L schedules for review by line manager.
3. Reconciling various GL accounts and prepare 'action-triggering schedules.

MIS and Reporting:

1. Monitor variances versus budgets and provide detailed MIS reports to other departments.
2. Ensure compliance with group accounting and financial policy.

Petty Cash Handling:

1. Ensure that the RSO petty cash is tracked, maintained & accounted so that it always remains balanced (JH has to issue & maintain petty cash as per company procedures. Petty Cash must be reconciled on a daily basis to balance the same. Expense statement must be submitted to APSSC for replenishment).
2. Reviewing Store petty cash statements submitted for reimbursement & advises Store cash admin team on the changes to be done, when necessary. Checks for the Group & VAT compliance.

Accounts Payable:

Coordinate, review and ensure with Shared Service AP team, Inventory and AP related control GL accounts are reconciled and necessary action taken on a continuous basis.

Travel:

Analyzing the travel expenses account and maintaining a monthly schedule for the same.

Internal Controls and Policies:

1. Ensure compliance with group accounting and financial policy.
2. Work with store teams to handle VAT related compliance all the time in store.

LPO Creation:

Create LPOs for Regional Service Office departments as & when required, circulation of ZOPO – Open LPO listing on monthly basis to RSO department heads, follow up on invoice submissions, perform Invoice verification & forward the documents to APSSC for payment process.

Handling of Clearing Accounts:

Work on clearing accounts – Cash, Credit Card, Forex & Other clearing accounts on monthly basis.

ICM:

1. Generating Inter company reports on regular basis, follow up pending invoices & accepting ICMs.
2. Coordinating with Retail Finance on the pending ICMs.

Customer Service:

1. Ensure that the finance department delivers timely and qualitative information to all departments on all aspects of the business.
2. Coordinate with vendors on submission of proper invoices towards the VAT recoveries.

1. Live and share the IKEA values every day.
2. Bachelor’s Degree in Finance with experience in tax accounting and accounting software.
3. 3 to 5 years in a similar role.
4. Proficient in MS Office applications (Excel) and ERP systems like SAP.
5. Good financial, tax and audit acumen.
6. Strategic Planning and Analytical Skills.
7. Effective Communication.

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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