Senior Manager - Financial Reporting | Finance Shared Service Center | Corporate Services

Al-Futtaim; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

Al-Futtaim, a leading diversified group in Dubai, seeks a Senior Manager for Financial Reporting. The role involves overseeing financial statements preparation, managing audits, and ensuring compliance with IFRS standards. The ideal candidate will possess a finance degree, extensive audit experience, and strong Excel skills, particularly in financial reporting automation.

Qualifications

• 8-9 years of professional experience, including 7-8 in External Audit.
• Big Four experience preferred.
• Solid knowledge of financial accounting standards.

Responsibilities

• Lead preparation of financial statements and coordinate external audits.
• Ensure compliance with International Financial Reporting Standards (IFRS).
• Manage document retention and support automation projects.

Skills

Microsoft Office

Analysis

Technical accounting knowledge

Audit experience

Understanding of internal controls

Education

University degree in Finance or Business

Qualified Accountant

Tools

SAP BPC

SAP Business Warehouse

Job description

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 a finance professional to join the Finance Shared Service Centre Team in the capacity of Senior Manager – Financial Reporting.

Overview of the Role

Senior Manager supporting the Line Manager (Head of Financial Reporting) in concluding critical matters in relation to project management, financial statements preparation, CIT filings, and external audit.

Act as the lead for the preparation of financial statements and coordination of the external audit for assigned legal entities and territories.

Maintain a strong accounting & operational control environment, improve accounting processes and manage business risks through financial compliance.

Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.

Key Accountabilities

Finance Reporting and Controlling

• Support the creation and ensure compliance with operational accounting policies
• Perform effective training and management on the accounting procedures
• Responsible for maintaining the chart of accounts and effectively communicate any changes being made / new accounts being opened with the purpose of use
• Preparation of standalone and consolidated financial statements as assigned by the line manager
• Support the preparation / conducting Training & workshops for Controls and IFRS standards
• Preparation of all documentation required for the sign off of the financial statements
• Performing opening Retained Earnings reconciliation between the financial statements and SAP and other ERPs

External Audit

• Coordination with the external auditors on audit requests
• Cross-functional coordination with the different Business Units, Divisions, and Tower Heads to support in variance analytics and business updates
• Prepare technical memos on International Financial Reporting Standards, particularly for significant transactions and accounting matters
• Supporting the line manager with the impairment workings activities during HY and YE audits
• Consolidating, reviewing, and validating audit adjustments ensuring correct posting in SAP and BPC and reconciling the two systems
• Support the Tax tower in responding to Financial Statements related queries
• Support the Tax tower in preparation of the CIT tax filings
• Ensuring compliance of completion of the financial statements in a timely manner to avoid late Tax filings
• Coordinating with the Tax tower to resolve tax related queries from external auditors

Document Retention

• Responsible for Document retention compliance in all geographies

Automation

• Support the streamlining of the financial statements preparation automation project
• Liaise with external consultants

Other Key Responsibilities

• To liaise with relevant managers and stakeholders to ensure full collaboration and understanding on critical topics.
• Contribute to the improvement of the solutions and business processes.
• Maintains and upgrades professional knowledge, management skills and domain expertise by using continuous learning & development tools.

Required Skills to Be Successful

• Microsoft Office, particularly Excel
• Analysis and troubleshooting
• Strong technical account knowledge and audit experience needed
• Solid experience in International Financial Accounting Standards (IFRS).
• Understanding of internal controls
• Understanding of System governance (especially in SAP)

What Equips You for the Role

• University degree in Finance or Business or related majors
• Qualified Accountant
• 8 - 9 years of professional experience out of which 7-8 years are in External Audit. Big Four experience is preferable.
• 2 years industry experience (preferable)
• Knowledge of SAP BPC or SAP Business Warehouse will be highly regarded
• Extensive use of Excel
• Preparation of standalone and consolidated financial statements
• Deep understanding of International Financial Reporting Standards

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