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Recruitment in Al Futtaim Group Accountant – I2P | Finance Shared Service Center | Corporate Services (Dubai, AE)

Job Requisition ID: 154407 

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 finance professional to join our Finance Shared Service Center in the capacity of 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

Invoice processing

• Processing PO / Non PO based invoice for Local third party vendor for company codes assigned
• Ensuring VAT compliant invoices while processing local third party invoices, both PO and NPO based.
• Ensuring approvals are taken before processing manual posting and GL, CC and Tax codes are provided.
• Sending mail to unblock the entries which are in blocked status.
• Updating the payment printing file for urgent payment.
• Managing Ariba manager approval for all company codes assigned
• Managing queries received through email or call
• Ensure timely processing of supplier invoices
• Ensure timelines are met as per SLA
• Ensure periodic balance sheet substantiation and aged items over 90 days are tracked and reported
• Follow up with business unit to complete invoice verification
• Ensure to process payments for Principal vendors as per credit terms and standing instruction (eg: Trading Enterprises – Some Principal vendor payments by 25th of every month)
• Advance Payment Review
• Good Receipt IR Review 
• Debit Balance Review
• Vendor Account Zero Balance
• Validation of Invoices scanned –  as and when required by Validation team.

Internal and financial control compliance

• Ensure application of appropriate internal controls, compliance and financial processes at FSSC (Procurement, AP, systems etc.)
• Adopt  best practices and process improvements within the Financial Reporting, Technical Accounting and Financial Controlling processes
• Review and reconciliation of BS accounts, GL Scrutiny

Technical Expertise

• Thorough knowledge of SAP Invoice processing accounting, tcodes, underlying transaction basis
• Work with IT demand manager to ensure reports are being automated and available on real time basis
• Ensure Daily targets are met for processing

 

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 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
• 5-7 years of well-rounded experience in the field of Accounts payable and have worked in finance

 

 

 

 

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Recruitment in Al Futtaim Group Senior Accountant – O2C | Finance Shared Service Center | Corporate Services (Dubai, AE)

Job Requisition ID: 154264 

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.

 

 

 

Al-Futtaim Group Finance Shared Service Centre (FSSC) is currently seeking a finance professional to join their team in the capacity of Senior Accountant – O2C.

 

JOB PURPOSE

As an (O2C) Senior Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks:

This position will be responsible for the following.

• Provide daily partnering support to business operations by assisting in O2C activities
• Collateral Security Management, which includes PDCs, Bank Guarantees, Security Cheques etc.
• Identify, highlight, and expedite timely action to resolve exceptions / interface fallouts by performing review, reconciliation, and substantiation of O2C accounts and reports.
• Highlight receivables and overdues position to business to facilitate their follow-up and collection activities
• Ensure adequate provision is created for doubtful debts as per company Policy and IFRS standard
• Highlight risks and exceptions based on daily review of Collection control accounts and ensure resolution of exceptions within SLA by escalating in a timely manner
• Create and maintain various master record for the O2C activities
• Perform assigned month end book closing tasks within O2C
• Monitor the ongoing automated activities and ensure continuity of daily tasks
• Support with resolution of audit requests (Internal and External) within the submission timelines
• Identify and support on standardization and improvement initiatives within the O2C function
• Manage projects/testing as and when it is required by the department or SBUs
• Support colleagues while they are on leave

 

KEY ACCOUNTABILITIES

• Timely O2C partnering support to Business in day-to-day operations
• PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold / Postponement etc
• Daily collection control account monitoring and exception management
• Perform monthly / periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business
• Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders
• Perform assigned month end book closing tasks within O2C
• Computation of Provision for doubtful debts in accordance with Policy
• Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes
• Manage projects/testing as and when it is required by the department or SBUs
• Any other O2C activities assigned from time to time

 

QUALIFICATIONS, EXPERIENCE, & SKILLS

 Education Qualification:

• Finance Graduate or Semi-qualified or Qualified or equivalent qualifications

Minimum Experience and Knowledge:

• Minimum 2-5 years’ similar experience, with a good knowledge of ERP systems.

Job-Specific/Technical Skills required to complete the tasks:

• Good accounting knowledge (IFRS knowledge is preferred)
• Analytical as well as Process oriented
• Excellent communication skills
• Prior working knowledge in ERP systems (ex: SAP)
• Knowledge of Excel, Power Point and other Microsoft office tools
• Detail-oriented and organized

Behavioral Competencies:

• Organization: Must possess the drive to learn, prioritize and manage workload with minimum supervision
• Communication: Effectively communicate/liaise with internal/external contacts
• Team Player: Should enjoy working in a team and be able to solve problems and resolve issues in an amicable manner
• Should have interpersonal and delegation capabilities
• Should comply with Al-Futtaim core values: Respect, Integrity, Collaboration and Excellence

 

 

 

 

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Recruitment in Al Futtaim Group UAE national_ Branch Accountant | Al Futtaim Automotive | Multiple locations (AE)

Job Requisition ID: [[154376]] 

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

 

Overview of the role:

To provide analytical / commercial / Information support to Branch Manager & BUFM. To ensure that the company financial policies and procedures are applied in the showroom with due diligence.

 

What you will do:

• Verification of Cash and Cheque Deposits:
• Sale document pack submission to AFFS & AFGE/Bank & Debt collection: 
• Authorise release of vehicle Customs Certificate (VCC) and Sale Letter
• Authorising final release of Vehicle for customer deliver
• Monitoring Fleet debt collection process:
• Process of refunds:
• Authorisation of all in house AFM sales & credit customers including Government sales:
• Monitor & assist AFGE with bank debtor collections with all panel banks:
• Monitor & maintain AFM administration document process is adhered at all times:
• Daily report generation using SAP system & excel:                                   
• Liaising directly with the BSM & Fleet BSM on a daily basis
• Ensuring compliance with Accounting and Control related procedures and policies
• Performing a system check to match the Purpose Agreement with financials in SAP

 

Required Skills to be successful:

• Bachelor degree in Finance  
• Minimum one year experience as Accountant
• Good communication skills 
• Ability to use Microsoft software (word, excel)

 

About the Team:
You will be reporting to the Branch Account Manager and will be an individual contributor

 

What equips you for the role:
•    Strong computer skills – ERP knowledge, preferably SAP, advanced MS-Excel knowledge
•    Must have an Accounting qualification
•    Excellent English & Arabic communication skills, both written and verbal is essential
•    Excellent with time management and with an auditing mind
•    Ability to work well in a team 
•    Excellent interpersonal skills, with a strong ability to communicate at all management levels
•    Accounts experience
•    Motor trade experience is preferred but not essential

 

 

About Al-Futtaim Automotive
A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.
Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as the regional representative of some of the world’s most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM.
We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers – right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences. 
We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.
What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.