Financial Control Manager | GBS - Controlling | Corporate Services

Al-Futtaim; Dubai; On-site; AED 300,000 - 420,000; Full time

Job summary

Al-Futtaim is seeking a Financial Control Manager for the Retail Head Office to lead central controlling tasks, ensure IFRS compliance, and manage inter-company transactions. The role requires SAP expertise, strong IFRS knowledge, and experience in automation using Power BI and RPA.

You will coordinate month-end close, reporting, tax planning, and audits with cross-functional teams, driving efficiencies and standardizing processes across brands.

Qualifications

• Bachelor's degree in Accounting, Finance, Commerce or related field.
• Professional qualification such as CA, ACCA, CPA or CIMA is highly preferred.
• 6-8 years of progressive experience in Financial Control, Financial Reporting, Audit, or Retail Finance within a large, complex organization.
• Familiarity with ERP systems, preferably SAP, and exposure to SAP BW/BPC/SAC.
• Strong knowledge of IFRS standards, particularly IFRS 15, IFRS 16, and fixed asset accounting.
• Experience in developing automation initiatives using Power BI, Power Automate, AI tools, RPA, or other digital finance solutions is highly desirable.

Responsibilities

• Ensure compliance with Transfer pricing transactions and balance sheet reviews.
• Lead month-end closing reviews and timeline management with stakeholders.
• Oversee cost allocations, loyalty program management, revenue recognition, accruals, and breakage management.
• Implement IFRS 16 for lease accounting and monitor related provisions.
• Oversee store insurances, gift vouchers, and inter-company transactions.
• Assist in tax planning and regulatory filings, ensuring compliance with tax laws.
• Lead presentations with cross-functional teams and audits, coordinating with internal and external auditors.

Skills

IFRS standards

SAP

Power BI

Audit

Automation initiatives

Financial reporting

Retail finance

Education

Bachelor's degree in Accounting/Finance/Commerce

Tools

SAP BW/BPC/SAC

Job description

Job Requisition ID: 181412. About Al-Futtaim: Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world's most recognised brands.

Overview Of The Role:

As the Financial Control Manager in Al Futtaim Retail Head Office and lead Central Retail Controlling tasks while complying with organization's policies and procedures and ensuring necessary checks and balances to mitigate risks.

What You Will Do:

• Ensure compliance with Transfer pricing transactions, Balance Sheet / High Risk Accounts review considering multiple Inter-Company Transactions which are in conjunction with Finance Controls along with weekly / Monthly Reporting in line with Organization requirements.
• Enhanced Month end closing reviews & timeline management with various stakeholders & support on balance sheet reviews, closed business active clean up, Misstatement proactive reviews & addressing fixes.
• Lead, monitor & establish SLAs across Retail Brands including Cost Allocations, Loyalty Program Management, Revenue Recognition - Budget Vs. Actuals / True Ups, Accruals & Breakage Management.
• Proper implementation and ongoing compliance with IFRS 16 accounting standards for lease accounting & PPE, including tracking, updating & monitoring Reinstatement provisions & providing timely financial reporting and analysis wherever required.
• Oversee & monitor critical areas such as Store Insurances, Gift Voucher / Promotion Management, Blue Loyalty Program, Cost Allocations & Inter Company transactions.
• Ensure compliance with corporate income tax regulations, including preparation & documentation, and any other required filings. assist in tax planning activities, including identifying opportunities for tax optimization, minimizing liabilities, and ensuring compliance with applicable tax laws & regulations.
• Prepare & lead presentations with cross team / functional stakeholders on monthly & adhoc basis.
• Contribute to the Improvement, Identify Accounting & Financial issues & suggest timely solutions within the team & cross function with an aim to standardize accounting process (FSSC, O2C, Group Tax, Group Finance, P&C etc).
• Collaborate & lead discussions with external & internal auditors during audits, ensuring that all information is accurately reported & compliant with IFRS / Policy requirements.
• Initiate, establish & support on AI initiatives within the team to optimize automation & address current / future automation opportunities.

What Qualifies You For The Role:

• Bachelor's Degree in Accounting, Finance, Commerce, or a related discipline.
• Professional qualification such as CA, ACCA, CPA, or CIMA is highly preferred.
• 6-8 years of progressive experience in Financial Control, Financial Reporting, Audit, or Retail Finance within a large, complex organization.
• Familiarity with ERP systems, preferably SAP, and exposure to SAP BW/BPC/SAC.
• Strong knowledge of IFRS standards, particularly IFRS 15 (Revenue Recognition), IFRS 16 (Lease Accounting), and fixed asset accounting.
• Experience in developing automation initiatives using Power BI, Power Automate, AI tools, RPA, or other digital finance solutions is highly desirable.