Finance Manager - General Ledger

Majid Al Futtaim; Dubai; On-site; AED 290,160 - 435,240; Full time

Job summary

Majid Al Futtaim is hiring a Finance Manager - General Ledger in Dubai to lead general ledger activities across hypermarkets and supermarkets. You will oversee journal entries, intercompany reconciliations, and the monthly/quarterly/year-end closing, ensuring compliant and timely financial reporting.

The role requires in-depth knowledge of general ledger accounting, auditing coordination, and cost-control initiatives, with a strong emphasis on accuracy and governance in a large Retail operation.

Qualifications

• Bachelor's degree in Finance, Commerce, Accounting, or a related field.
• MBA or postgraduate qualification in Finance, Accounting, or Business Administration is preferred.
• Minimum six years of experience in finance or accounting.
• Previous experience in a finance managerial or supervisory position.
• Retail / supermarket experience is advantageous.
• Strong knowledge of GAAP/IFRS and financial closing processes.
• Experience coordinating external audits and resolving audit findings.
• Proven ability to monitor budgets and control operating expenses.

Responsibilities

• Manage general ledger accounting activities across supermarket and hypermarket operations.
• Establish controls ensuring compliance with policies, guidelines, and accounting standards.
• Review ledger balances for accuracy and proper postings.
• Ensure timely recording of payments, accruals, provisions, and adjustments.
• Investigate unusual balances and discrepancies in accounts.
• Coordinate intercompany reconciliations and related schedules.
• Lead monthly, quarterly, and annual closing processes.
• Prepare closing schedules and communicate deadlines to teams.
• Coordinate annual balance confirmations with customers, suppliers, and internal stakeholders.
• Develop reporting controls to improve transparency and accountability.
• Coordinate external audits and serve as point of contact for queries.
• Provide auditors with required financial information and schedules.
• Implement corrective actions from audit findings and track improvements.
• Support budget controls and cost-reduction initiatives.

Skills

General ledger accounting

Journal entries

Financial closing

Intercompany accounting

Budget monitoring

Variance analysis

ERP systems

Microsoft Excel

Team leadership

Education

Bachelor's degree in Finance, Commerce, Accounting, or related field

MBA or postgraduate qualification in Finance, Accounting, or Business Administration

Tools

ERP systems

Microsoft Excel

Job description

Job Snapshot

Finance Manager - General Ledger

Location: Dubai, United Arab Emirates

Industry: Retail

Function: Finance/Accounting

General Experience: Minimum 6 years

Job Type: Full-time

Overview

Finance Manager - General Ledger in Dubai, United Arab Emirates is a senior Retail opportunity responsible for protecting the accuracy, completeness, and compliance of financial records across supermarket and hypermarket operations. Majid Al Futtaim is hiring an experienced finance leader to manage general ledger controls, intercompany reconciliations, financial closing, audit coordination, budget oversight, and cost optimisation. The role requires solid retail accounting expertise, managerial capability, and a detailed understanding of international accounting standards. The successful candidate will work with finance teams, business leaders, suppliers, customers, and external auditors to strengthen reporting quality and resolve accounting issues efficiently.

Job Details

Country: United Arab Emirates

City: Dubai

Industry: Retail

Function: Finance/Accounting

General Salary: 26000-39000

Gender: Any

Candidate Nationality: Any

Job Type: Full-time

Context

The Finance Manager - General Ledger will supervise accounting activities for hypermarkets and supermarkets operating within the country. The position ensures that ledger balances, payments, provisions, journal entries, and reconciliations are recorded accurately and within required reporting timelines. The manager will introduce robust financial controls, lead annual account closure, coordinate audit requirements, and support department heads with practical finance solutions. The position also contributes to profitability by controlling general expenses and assessing the effectiveness of cost‑saving initiatives.

Key Responsibilities

• Manage general ledger accounting activities across supermarket and hypermarket operations.
• Establish controls that ensure financial records comply with company policies, Group guidelines, and international accounting standards.
• Review ledger balances to verify that transactions are complete, accurate, and posted to the appropriate period, account, and cost centre.
• Confirm that payments, accruals, provisions, prepayments, and adjustment entries are recorded correctly and on time.
• Investigate unusual balances, unsupported entries, and accounting discrepancies.
• Ensure all intercompany accounts are reconciled accurately within agreed closing schedules.
• Coordinate the resolution of intercompany differences with related entities and finance teams.
• Lead monthly, quarterly, and annual closing processes.
• Prepare detailed closing schedules and communicate deadlines to all relevant contributors.
• Coordinate annual balance confirmation with customers, suppliers, and internal stakeholders.
• Review balance sheet reconciliations and supporting schedules before final account closure.Monitor budget utilisation and identify expenditure that falls outside approved limits.
• Recommend and implement corrective action where budget performance does not meet expectations.
• Develop reporting controls that improve transparency, consistency, and accountability.
• Coordinate external audit activities and act as a key point of contact for accounting queries.
• Provide auditors with accurate financial information, reconciliations, schedules, and transaction evidence.
• Assess audit observations and implement measures to resolve accounting non‑compliance.
• Track audit action plans to ensure findings are addressed within agreed timelines.
• Work with department heads to understand financial concerns and recommend practical solutions.
• Provide advice on expense recognition, accounting treatment, cost allocation, and budget controls.
• Analyse general expenses and identify opportunities to reduce avoidable or inefficient costs.
• Review proposed cost‑reduction programmes before implementation.
• Measure financial savings and operational impact after cost‑control initiatives are introduced.
• Recommend updates to finance policies, procedures, approval workflows, and internal controls.
• Ensure finance activities meet applicable legislative, procedural, governance, and reporting requirements.
• Prepare account analyses, financial summaries, variance explanations, and management reports.
• Support senior leadership with reliable information for financial and operational decisions.
• Manage team priorities, allocate responsibilities, and monitor the quality of accounting outputs.
• Coach finance employees and improve their understanding of controls, closing requirements, and accounting standards.
• Protect confidential financial, employee, customer, and supplier information.

Ideal Profile

• Bachelor 's degree in Finance, Commerce, Accounting, or a related field.
• MBA or postgraduate qualification in Finance, Accounting, or Business Administration is preferred.
• Minimum six years of experience in finance or accounting.
• Previous experience in a finance managerial or supervisory position.
• At least two years of experience within retail, supermarkets, hypermarkets, FMCG, or a similar consumer‑facing business.
• Strong knowledge of general ledger accounting, journal entries, and financial closing.
• Practical experience managing provisions, accruals, prepayments, reconciliations, and balance sheet accounts.
• Good understanding of international accounting standards and financial control frameworks.
• Experience coordinating external audits and resolving audit findings.
• Proven ability to monitor budgets, analyse variances, and control operating expenses.
• Experience reviewing and implementing cost‑reduction initiatives.
• Strong analytical ability with the confidence to challenge inaccurate or unsupported financial information.
• Knowledge of finance policy development, procedural controls, and governance requirements.
• Strong team leadership, coaching, and performance‑management capability.
• Effective communication skills for working with executives, department heads, auditors, and finance teams.
• High integrity, professional judgement, and attention to detail.
• Ability to meet strict financial reporting deadlines in a high‑volume environment.
• Advanced knowledge of Microsoft Excel and experience using enterprise resource planning and financial reporting systems.

Skills Set

• General ledger management
• Retail finance
• Financial accounting
• Balance sheet reconciliation
• Intercompany accounting
• Intercompany reconciliation
• Month‑end closing
• Quarter‑end closing
• Year‑end closing
• Journal entry review
• Accrual accounting
• Financial provisions
• Prepayment accounting
• Account analysis
• Budget monitoring
• Variance analysis
• Expense control
• Cost reduction
• Financial controls
• International accounting standards
• External audit coordination
• Audit remediation
• Financial reporting
• Management reporting
• Accounting compliance
• Finance policy development
• Process improvement
• ERP systems
• Microsoft Excel
• Team leadership

Why Join Us

This role offers direct responsibility for the accounting integrity of a large supermarket and hypermarket network. The successful candidate will influence financial accuracy, closing quality, audit readiness, cost control, and management reporting across a substantial Retail operation. The position provides valuable exposure to senior stakeholders, complex transaction volumes, multi‑site financial processes, and enterprise accounting systems. It is suited to an experienced finance professional seeking greater leadership responsibility and future progression into financial control, reporting, or senior finance management.

About the Company

Majid Al Futtaim is an Emirati‑owned organisation with businesses across retail, shopping malls, communities, entertainment, and lifestyle services. Its retail division operates extensive supermarket and hypermarket networks supported by established financial controls, commercial systems, supply chain capabilities, and professional governance practices.