Accounting Manager | Al Futtaim Group
Company Name: Al Futtaim Group
Qualification: Masters, ACCA, CPA, and CA
Location: Dubai, United Arab Emirates
Salary Range: 23,000 AED – 25,000 AED
Company Size: 50 – 100 Employees
Other Benefits: Medical Insurance | Bonus
Employment: Full Time
About Company
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 organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
Job Description/Role
What you will do:
Responsible for:
Operational Finance:
- Oversee operational finance function to ensure adequate support is provided to operational team in conjunction with company’s policies and procedures.
- Maintain the hygiene of the balance sheet for all UAE legal entities, ensuring all financial records are accurate and up to date.
Team Management:
- Lead and manage a team of professionals responsible for revenue and cost accounting.
- Provide guidance, training, and support to the team to ensure high performance and professional growth.
- Foster a collaborative and efficient working environment.
Collaboration and Coordination:
- Work closely with Business Units to understand financial requirements and provide necessary support.
- Collaborate with the Regional Financial Controller to align financial operations with regional strategies.
- Coordinate with the Process and Compliance team to ensure adherence to internal controls and regulatory requirements.
- Partner with the FP&A team for month-end, half-year, and year-end financial activities, ensuring timely and accurate reporting.
External Audits:
- Manage external audits and work closely with auditors to ensure compliance with all financial regulations.
- Ensure that financial statements are prepared and signed off within the Group timeline.
Reporting and Analysis:
- Prepare and present operational financial reports and analysis to operations management.
- Provide insights and recommendations for financial improvements and cost efficiencies.
Job Context:
The Accounting Manager operates within a dynamic and regulatory-compliant environment. The role is influenced by the following organizational policies and factors:
Regulatory Compliance:
- Adherence to UAE financial regulations and international accounting standards.
- Ensuring all financial activities are compliant with legal and regulatory requirements.
Organizational Policies:
- Alignment with the company’s financial policies, procedures, and internal controls.
- Compliance with the Group’s financial reporting standards and timelines.
Strategic Collaboration:
- Close collaboration with Business Units, Regional Financial Controller, Process and Compliance, and FP&A teams.
- Effective communication and coordination to align financial operations with business goals.
Audit and Reporting Requirements:
- Managing external audits to ensure financial statements are accurate and compliant.
- Meeting strict deadlines for month-end, half-year, and year-end financial reporting.
Technological Integration:
- Utilization of ERP systems (SAP) and tools (M-Files) to streamline processes and ensure data accuracy.
- Continuous improvement of financial processes through technological advancements.
Team Management:
- Leading and developing a high-performing finance team.
- Fostering a culture of accountability, accuracy, and continuous improvement within the team.
Required skills to be successful:
Behavioral Competencies:
- Strategic planning
- Leadership skills
- Strong Decision making
- Strong analysis and market research
What equips you for the role:
Minimum Qualifications and Knowledge:
- Bachelor’s degree in finance / commerce, Accounting, or a related field; a master’s degree or professional certification (e.g., CPA, CA, CMA) is preferred.
- Strong knowledge of UAE financial regulations and compliance requirements.
- Proven experience in managing operational finance, including revenue booking, customer billing, and cost accounting.
- Excellent leadership and team management skills.
- Strong analytical and problem-solving abilities.
- Proficiency in financial software and Microsoft Office Suite.
- Exceptional communication and interpersonal skills.
Minimum Experience:
- Minimum of 6-8 years of experience in finance and accounting, with at least 3 years in a managerial role.