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

Job Requisition ID: 152100 

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 team in the capacity of Senior Accountant – O2C.

 

Overview of the role
As an (O2C) 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
• PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold / Postponement etc.
• Identify, highlight and expedite timely action to resolve exceptions / interface fall-outs 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 Policy
• 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 within the submission timelines
• Identify and support on standardization and improvement initiatives within the O2C function

 

What you will do

• 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
• Any other O2C activities assigned from time to time

 

Required skills to be successful

• 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

 

What equips you for the role

• Finance Graduate or Semi-qualified or Qualified or equivalent qualifications
• 0-3 year’s similar experience, with a good knowledge of ERP systems

 

 

 

 

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 Sr. Accountant 2 (Dubai, AE)

Job Requisition ID: 148241 

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 manage and control various financial and accounting systems and procedures of the company in accordance with the internationally accepted standard, and monitor its internal control to ensure financial stability and maintain complete transparency and accuracy in the system.

 

What you will do:

Responsible for:

Customers

• To provide financial support to internal customers: Regional Mall Management and Mall Owner, Retail business team, HR and FM, in relation to Business Review, financial reporting, budgeting and forecasting through effective communication in order to meet the business needs.

Key Responsibilities:

• Responsible for complete accounting cycle for assigned Retail companies. (Revenue, Expense, Closing & Reporting)
• Ensure the activation of leasing contracts after review and perform posting run for all leasing contracts in a timely manner
• Verification of LPO’s, coding and posting of approved expenses in respective GL Accounts, cost centres and ensure approval per DOA for Opex & Capex
• Ensure payments are released per agreed payment terms and all supporting documents are in compliance with Company Policies & Procedures and ensure approval per DOA
• Preparation and review of annual budget,  quarterly forecast, 5 year Plan and KPIs thereof
• Liaise with consolidation team and provide the cash flow inputs for weekly and monthly forecasts
• Building of excel models and automations, presentation for all management reporting’s within the stipulated timelines

 

Job Context:

Senior Accountant – Business Decision Support – Retail shall ensure that the Accounting Policies of Al Futtaim Malls are upheld and that all reporting is in accordance with International Financial Reporting Standards.

 

Required Skills to be successful:

Job-Specific Skills:

• Well-versed in IAS / IFRS.

Behavioural Competencies:

• Ability to manage time appropriately, communicate effectively with team members and business

 

What equips you for the role:

Minimum Qualifications and Knowledge:

• Graduate degree in commerce / accounting / finance with knowledge of Financial Management and Accounting Systems is necessary.
• Advanced knowledge of ERP Financial Software is necessary; SAP and Yardi expertise will be preferred.

Minimum Experience:

• 3-5 years of relevant experience working in diverse teams; retail leasing environment experience will be preferred.

 

About Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years. 
Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.