Management Accountant
5 months ago
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.
**Overview of the role**
Supervise and manage GCC (UAE, Qatar & Oman) financial accounting and control activities including but not limited to the following.
- Financial accounting and monthly / yearly closing in compliance with IFRS, Al Futtaim policies and standard operating procedures
- Monthly GL schedules, clearances, and review in coordination with FSSC to minimize misstatements
- Maintain supplier master, monitor LPOs, expenses, Invoice processing and payments and statement of accounts and balance confirmations in coordination with FSSC
- Open ICMs review and acceptances
- Maintain customer master and oversee collections
- Ensure Corporate Tax, Withholding Tax and Value Added Tax Compliances in coordination with FSSC & Group Tax
- Manage statutory and internal audits in coordination with FSSC and Retail Controlling
- Participate in system enhancements and rollout including MS Dynamics 365 roll out SAP integration
- Streamline / transform finance activities and operations to make it more efficient
- Develop / enhance Standard operating procedures and checklists
- Team engagement and development
**What you will do**
Financial Accounting, Monthly / Annual Closing, Checklist
- Financial accounting in compliance with IFRS, Al Futtaim policies and standard operating procedures
- Monthly / half yearly / annual book closing based on checklist in coordination with FSSC
- Regular review and clearance of GL schedules and BSS misstatements in coordination with FSSC
Suppliers, LPOs. Invoices, Payments
- Maintain supplier master including new supplier registration in coordination with I2P
- Arrange to maintain approval hierarchy, issue, monitor LPOs and GRNs
- Monitor receipt, submission, posting and payment of invoices
- Arrange to obtain Statement of Accounts, carry out supplier reconciliations and balance confirmations
- Maintain adequate provisions based on LPOs
ICM
- Review open ICMs and acceptances in coordination with key stakeholders
Corporate Tax, Withholding Tax, Value Added Tax, Excise Duty & Municipality Tax
- Ensure Corporate/Withholding/Value Added Tax, Excise Duty and Municipality Tax compliances
- Provide required data, documentation and reports to group tax to prepare monthly/quarterly/annual returns
- Maintain VAT documentations for UAE & Oman imports
- Review Monthly FTA & Customs Reports Reconciliations
Audit External & Internal
- Coordinate with shared services and external auditors for completion of midyear, hard close and annual audits
- Provide relevant data, schedules, documentation and clarifications to external auditors
- Coordinate and provide necessary data and reports for completion of Sales Audit reports to Franchiser and Landlords
- Support & coordinate with Internal audit, stores for Internal Audits
- Support implementation of audit recommendations
Load Factor Analysis and Adjustments
- Quarterly review of load factors provisions vs actuals
- Recommend adjustments to load factors rates, as required
Participate in MS Dynamics 365 Implementation, SAP Integration & New Store Set Up in Navision
- Participate in implementation of MS Dynamics 365 and SAP Integration
- Support New store Navision full system set ups & UAT
- Training and supporting cash office and finance team
Insurance
- Ensure adequate insurance covers for new activities, new store & adhoc projects
- Manage all insurance renewals with correct sum insured
- Manage monthly / annual declarations
- Coordinate and provide necessary documentation for claim settlements
**Required skills to be successful**
- Strong computer skills - including ERP (preferably SAP, Navision, MS Dynamics 365) and advanced MS-Excel
- Good analytical and problem solving skills
- Excellent written and verbal communication skills
**What equips you for the role**
- Master’s degree in Accounting or Finance / ACA / ACCA / similar
- 5 years’ experience
- Experience in GCC
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