Senior Finance Manager | Group Finance | Corporate Services

Senior Finance Manager | Group Finance | Corporate Services

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 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 Group Finance Team in the capacity of Senior Finance Manager.

Overview of the role
We are seeking a highly skilled and experienced Senior Finance Manager to join our enterprise IT function. The successful candidate will play a crucial role in managing the financial aspects of our IT operations, ensuring alignment with our strategic goals, and driving financial performance. This role will perform key financial planning and controlling activities and will work closely with stakeholders to drive financial and commercial excellence.

GTDP is one of the largest Functional P&Ls at AFG Corporate Division (Annual spend of Aed 300 M+). Will manage, challenge and maintain financial processes & outcomes (Operating & capital expenditure, Cost allocations, MIS, Management Reporting and reviews). The candidate will be responsible for providing financial inputs, advice, and support to stakeholders.

What you will do

Budgets, MIS & Cost Allocation

1. Lead financial planning, budgeting, forecasting, and reporting ensuring timely and accurate submission.
2. Develop and maintain financial models to support strategic decision-making and cost management initiatives.
3. Monitor and analyze financial performance, identifying areas for improvement and implementing corrective actions as necessary.
4. Collaborate with leadership to develop and implement financial strategies that support the organization’s objectives.
5. Prepare cost allocation budgets complying with Transfer Pricing policy, liaise with divisions for sign-off, carry out timely billing and true-ups.
6. Drive continuous improvement in financial processes, leveraging technology and best practices to enhance efficiency and effectiveness.
7. Monthly Balance Sheet Substantiation, regularizing misstatements timely, ensuring best quality of books.
8. Regular review of trial balance, GL schedules & account reconciliations ensuring correctness of accounting and timely resolution of issues.
9. Reviewing (ensuring DoA, budget & policies compliance) & releasing Purchase Orders.
10. Manage IT-related financial risks, ensuring appropriate controls and compliance with audit requirements.
11. Oversee the preparation of financial reports, ensuring accuracy and compliance with corporate policies and regulations.

Working capital management

1. Manage working capital ensuring adherence to treasury limit.
2. Cashflow forecast preparation (annual & biweekly) & perform monthly variance analysis.
3. Manage account receivables ensuring timely billing and collection.
4. Manage account payables including regular review of open POs, GRIR balances, CWIP, supplier advance, payables, etc.
5. Liaise with customers and vendors closely.
6. Continuous review & improvisation of processes.

Business case, Project Feasibility and Cost Benefit Analysis (CBA)

1. Provide financial guidance and support to IT project teams, including capital expenditure analysis, ROI assessment, and project cost tracking.
2. Review business case and perform financial viability analysis for transformation projects – focusing on financial value generation to customers through effective cost optimization, scoping & sizing, appropriate phasing, and resourcing.
3. Monthly review of Project costs, variance to budgets and reporting.
4. Provide ad hoc analysis and reports (as needed).

Required skills to be successful

1. Knowledge of IT industry trends, technologies, and best practices.
2. Familiarity with regulatory requirements and compliance in the IT sector.
3. Strong problem-solving and analytical skills, with a focus on continuous improvement.
4. Sound knowledge of accounting standards, Compliances, UAE VAT, CIT.
5. Working knowledge of SAP and Presentation skills.
6. Planning and Execution expertise, Strong process orientation.

What equips you for the role

1. Professional Accounting qualification (CA/CPA) with proven expertise in Financial and Management accounting & Reporting.
2. Strong core finance technical skills (deep understanding of Balance Sheet, Cash flow statements and P&L) and clear understanding of Finance & Accounting Standards (IFRS), Controls & processes.
3. Robust Financial Planning & Analysis (FP&A) experience with exposure to senior management.
4. 8 - 12 years of well-rounded experience in the field of Finance & Accounting, with a focus on the IT sector or enterprise technology environment.
5. Strong understanding of financial principles, budgeting, forecasting, and financial analysis.
6. Proficiency in financial modeling, data analysis, and reporting tools.
7. Excellent communication, presentation, and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
8. Experience with ERP (SAP – FICO, BPC, BI etc.) and information systems, including planning, implementation, and monitoring.
9. Proficiency in MS Office (Excel/ PowerPoint/Word).