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Senior Accountant

5 months ago

Dubai, Dubai, United Arab Emirates Al-Futtaim Group Full time

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 Arab 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 organization 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 finance professional to join our Finance Shared Service Center team in the capacity of Senior Accountant – I2P

Overview of the role

The invoice processing lead will work with the FSSC I2P tower head and FSSC Head and will be accountable for all invoice processing and intercompany payment related to Finance & Accounts (Statutory, Management & Tax accounting) for all entities being served by FSSC.

He / She will establish, manage, and maintain daily financial processes (Invoice processing, allocation of workload to staff, review of accounting irregularities, ageing on balances, MIS, Audits, Technical accounting matters, Reporting, and reviews, etc. as per time-bound deliverables). The candidate will be responsible for providing inputs, advice, and support to the team on technical and operational matters.

What you will do

  • Ensure the invoices, Debit notes, Credit notes, etc. are processed in line with P2P documented SOPs and any deviations are notified, agreed upon, and captured in SOPs
  • Ensure that any exceptions flagged by the system are appropriately resolved before ultimate posting.
  • Verify and follow up for Delegation of Authority (DOA) compliance, particularly for non-PO procurement
  • Ensure VAT compliance before processing invoices
  • Ensure comprehensive capture of data and information during posting
  • Responsible for maintaining sound internal control environment.
  • Highlight any known obstacles or roadblocks in achieving any of the listed milestone
  • Support the team with any ad hoc requirements including training the new associates and migration activities, GL Review, Balance Sheet exception report review, etc

Required skills to be successful

  • Experience with ERP (preferably SAP – FICO, BPC, BI, etc.) and information systems, including planning, implementation, and monitoring
  • Experience preferably in Shared Service environment with a Process mindset
  • Proficiency in MS Office (Word/ Excel/ PowerPoint/MS Projects)
  • Sound knowledge on Accounting principles and Standards, Compliances, VAT
  • Sound knowledge of Regulatory compliances
  • Working knowledge of SAP
  • Excellent analytical, reasoning, and problem-solving skills

What equips you for the role

  • Professional accounting qualification - BBA Finance, BCom, Inter CA, ACCA or equivalent
  • Strong core finance technical skills and solid understanding of finance & Accounting Standards (IFRS), processes, infrastructure, and systems (SAP FICO)
  • Excellent Coordination and stakeholder management skills
  • 5-7years of well-rounded experience in the field of Accounts payable and have worked in finance

About Al-Futtaim Retail

Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer's in both regions with over 75 stores offering both fashion & food options.

Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference...

For further information, and to apply, please visit our website via the "Apply" button below.