Manager - General Ledger Finance

Majid Al Futtaim; Dubai; On-site; AED 150,000 - 190,000; Full time

Job summary

Majid Al Futtaim is seeking a Manager - General Ledger Finance in Dubai to lead general ledger activities, oversee month-end closings, ensure IFRS compliance, and coordinate with auditors and business units across hypermarket and supermarket operations.

The role requires 6+ years in finance/accounting, strong leadership, and expertise in cost control and process improvements within a large retail network.

Qualifications

• Bachelor's degree in Finance, Commerce, Accounting, or a related discipline.
• MBA or postgraduate qualification in Finance, Accounting, or Business Administration is preferred.
• Minimum six years of experience within a finance or accounting department.
• Demonstrated experience in a finance managerial or team leadership role.
• At least two years of experience in retail, supermarkets, hypermarkets, FMCG, or related consumer business.
• Strong knowledge of international accounting standards and internal controls.

Responsibilities

• Oversee general ledger accounts across hypermarket and supermarket operations.
• Establish financial control mechanisms to ensure budgets, accounting policies, and procedures are followed.
• Manage monthly, quarterly, and annual financial closing activities.
• Coordinate external audit activities and respond to auditor requests for accounting information.
• Lead improvements to finance policies, procedures, and control frameworks.
• Monitor cost-saving initiatives and drive cost reduction across the country.

Skills

General ledger accounting

Financial reporting

Team leadership

Budget monitoring

Intercompany reconciliation

Month-end closing

Cost control

ERP systems

Microsoft Excel

Education

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

MBA or postgraduate qualification in Finance, Accounting, or Business Administration (preferred)

Tools

ERP systems

Microsoft Excel

Job description

Manager - General Ledger Finance Job Snapshot
Role: Manager - General Ledger Finance
Location: Dubai, United Arab Emirates
Industry: Retail
Function: Finance/Accounting
General Experience: Minimum 6 years
Job Type: Full-time Position

Overview

Manager - General Ledger Finance in Dubai, United Arab Emirates is a senior Retail opportunity responsible for maintaining accurate general ledger accounts across hypermarket and supermarket operations. Majid Al Futtaim is hiring an experienced finance manager to strengthen accounting controls, oversee financial closing, ensure compliance with international accounting standards, manage audits, and improve cost efficiency. The position requires strong retail finance knowledge, managerial experience, and the ability to coordinate with business units, suppliers, customers, auditors, and department heads. The manager will protect the integrity of financial records while supporting budget discipline, policy compliance, and informed decision-making.

Key Responsibilities

• Oversee the accuracy and completeness of general ledger accounts across hypermarket and supermarket operations.
• Establish financial control mechanisms that support compliance with approved budgets, accounting policies, and internal procedures.
• Monitor budget performance and initiate corrective measures when expenditure exceeds approved limits.
• Ensure accounting practices remain aligned with Group guidelines and applicable international accounting standards.
• Review general ledger balances and confirm that transactions are posted to the correct accounts, periods, cost centres, and business units.
• Verify that payments are booked accurately and supported by valid approvals and documentation.
• Ensure provisions, accruals, prepayments, and adjusting entries are calculated and recorded correctly.
• Review unusual, high-value, aged, or unsupported balances and coordinate timely resolution.
• Ensure intercompany reconciliations are completed accurately and within established deadlines.
• Investigate differences between related entities and confirm that reconciling items are cleared promptly.
• Lead monthly, quarterly, and annual financial closing activities.
• Coordinate closing requirements with finance teams, customers, suppliers, operations, and other relevant stakeholders.
• Confirm that all required journals, reconciliations, schedules, provisions, and supporting records are completed before closing.
• Lead the annual account balance confirmation and closure process.
• Review balance sheet schedules and validate the accuracy of supporting documentation.
• Coordinate external audit activities and respond to auditor requests for accounting information.
• Provide financial statements, reconciliations, working papers, transaction records, and supporting evidence during audits.
• Investigate accounting non-compliance findings and implement suitable corrective actions.
• Monitor the completion of audit recommendations and strengthen controls where weaknesses are identified.
• Work with department heads to understand financial concerns and recommend practical accounting or control solutions.
• Provide guidance on cost allocation, expense recognition, provisions, budget treatment, and accounting procedures.
• Monitor general expenses across the country and identify opportunities for sustainable cost reduction.
• Review proposed cost-saving activities and evaluate their operational and financial impact.
• Measure the effectiveness of implemented cost-reduction initiatives and report results to management.
• Recommend improvements to departmental finance policies, procedures, workflows, and control frameworks.
• Implement approved procedures covering general ledger, closing, reconciliation, reporting, audit, and budget control activities.
• Ensure all finance processes meet relevant procedural, legislative, governance, and service-quality requirements.
• Prepare and review financial reports, account analyses, management summaries, and variance explanations.
• Develop team capability through objective setting, coaching, performance reviews, and technical guidance.
• Maintain confidentiality and protect company, supplier, customer, and employee financial information.

Ideal Profile

• Bachelor's degree in Finance, Commerce, Accounting, or a related discipline.
• MBA or postgraduate qualification in Finance, Accounting, or Business Administration is preferred.
• Minimum six years of experience within a finance or accounting department.
• Demonstrated experience in a finance managerial or team leadership role.
• At least two years of experience in retail, supermarkets, hypermarkets, FMCG, or a related consumer business.
• Strong practical knowledge of general ledger accounting and financial closing.
• Experience managing accruals, provisions, reconciliations, intercompany balances, and adjusting entries.
• Sound knowledge of international accounting standards and internal financial controls.
• Experience supporting external audits and resolving accounting findings.
• Strong understanding of budgeting, variance analysis, expense control, and cost-reduction programmes.
• Ability to analyze complex account balances and investigate discrepancies.
• Experience developing or improving finance policies, procedures, and control mechanisms.
• Strong leadership skills with the ability to guide accounting teams and coordinate multiple stakeholders.
• Clear communication and presentation skills for working with senior management and department heads.
• High level of numerical accuracy, professional judgement, integrity, and attention to detail.
• Ability to manage strict reporting deadlines in a high-volume Retail environment.
• Proficiency in Microsoft Excel, financial reporting tools, and enterprise resource planning systems.

Skills Set

• General ledger accounting
• Financial accounting
• Balance sheet reconciliation
• Intercompany reconciliation
• Month-end closing
• Quarter-end closing
• Year-end closing
• Financial provisions
• Accrual accounting
• Prepayments
• Journal entries
• Account analysis
• Financial controls
• Budget monitoring
• Budget compliance
• Variance analysis
• Expense control
• Cost reduction
• International accounting standards
• External audit coordination
• Audit documentation
• Accounting compliance
• Financial reporting
• Management reporting
• Policy development
• Process improvement
• Retail finance
• Hypermarket accounting
• Supermarket accounting
• Team management
• ERP systems
• Microsoft Excel

Why Join Us

This position offers responsibility for the financial integrity of a large network of supermarket and hypermarket operations. The successful candidate will influence accounting accuracy, audit readiness, budget compliance, cost efficiency, and the quality of financial reporting across the country. The role provides broad exposure to high-volume Retail finance, senior stakeholders, external auditors, operational teams, and enterprise accounting systems. It is a strong opportunity for a finance professional seeking greater managerial responsibility, organisational stability, and future progression into financial control or senior finance leadership.

About the Company

Majid Al Futtaim is an Emirati-owned group operating across retail, shopping malls, communities, entertainment, and lifestyle businesses. Its retail division manages extensive supermarket and hypermarket operations supported by structured finance controls, commercial systems, supply chain capabilities, and established governance standards.