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Financial Controller | Al Futtaim

A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Financial Controller”.

Company Name
 Al Futtaim, Dubai
Qualification Bachelors Degree | Masters Degree (Accounting/Finance) | CA | ACCA | CMA | CPA | CFA | CIMA
Experience 10 – 11 years of Relevant Experience Required
Monthly Salary 10,000 AED – 12,000 AED 
Employment Type Full  Time | Permanent
Company Size 50-100 Employees
Benefits Medical Insurance 
Location Dubai

Job Requisition ID: 110583

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives . Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.

Job Description

Job Title: Financial Controller- Malls Group

Reports to: General Manager Finance

JOB PURPOSE

The purpose of this job is to ensure business operational and financial control across the Malls Group portfolio in the UAE, which currently consists of Dubai Festival City Mall and Festival Plaza, in order to provide the required operational and strategic decision support. The Financial Controller will act as a Co-Pilot supporting the Malls Group portfolio heads in terms of analysis of market trends, control of financial performance, financial and management accounting, mapping and control of processes and procedures, liaison with internal and external audit, strategic planning, budgeting and forecasting.

Reporting to the General Manager, the Financial Controller is responsible for leading the portfolio accounting and finance function on a day-to-day basis and for steering the strategic direction of the unit. The ideal candidate would be commercially oriented, process-oriented, possess excellent staff & task managerial skills, natural leader, pay close attention to detail, ensure compliance with Laws and Policies and have analytical thinking skills. This includes close interactions with the leadership team on a continuous basis. Additionally, this role will require knowledge and experience of IFRS, real estate operations, and Dubai real estate laws and guidelines.

The Financial Controller will be responsible to produce the Malls Group management accounts & financial reports, ERP system maintenance and monitoring, and ensure that internal controls, DOA, policies and procedures, statutory laws and regulations are followed. Further, the Financial Controller will be heavily involved in key strategic roll-outs, participation in cash flow forecasts and balance sheet maintenance.

The Financial Controller will be the primary contact of Finance support with regards to dealings with the organization portfolio partners, External and Internal Audit, and the various external stakeholders.

The Financial Controller will act as a Business Co Pilot assisting the Malls Group portfolio heads on the daily operations, decision making, strategic business planning, and monthly management meetings and business reviews.

The Financial Controller will also lead the Malls Group Finance Team in the monthly / yearly closing process (i.e., accrual entries, revenue recognition, and expense reporting and account reconciliation, production of management accounts and the various financial reports) and various periodical reporting requirements.

Key Accountabilities

  • Primary interface between Malls Group team, Finance team, Shared Services Finance, Group Finance, Internal and External Audit, and internal management in managing Malls Group finance operations and financial reporting.
  • Advise on Malls Group projects funding and establish control mechanism of cash flow. Lead coordination with Lenders on the management and operation of projects financing.
  • Lead the Malls Group finance team to deliver accurate monthly accounting close and balance sheet integrity through close monitoring and analysis of accounts.
  • Co-pilot the Financial strategic direction of the Malls Group portfolio through monthly review and variance reporting and improvement initiatives.
  • Lead the process of completing the business plan, annual budgets, quarterly forecasts, and monthly reporting as per the agreed assumptions, requirements and deadlines
  • Lead the finance improvement projects, particularly in relation to reporting automation, system implementation and process improvements
  • Monitor the economy across the region with a focus on UAE retail market and advise the portfolio heads on updates, risks and opportunities. Analyse the Malls Group portfolio strengths and weaknesses and provide recommendations as necessary
  • Develop reports and schedules as required for external and internal purposes including valuations, minority shareholder reports
  • Lead the Malls Group Finance team and manage the objectives and tasks of the unit in line with the overall department objectives and AFGRE values.
  • Act as the point of contact for DFC Group with regards to External Audit assignments, managing deliverables with the various process stakeholders.

Qualifications, Experience, & Skills

Minimum Qualifications and Knowledge:

  • Post-graduate degree in commerce / accounting / finance. Knowledge of management reporting and accounting systems is necessary.
  • Accounting / Finance qualification (CPA, CA, CMA, ACCA, CFA, CIMA)
  • Knowledge of ERP Financial Software is necessary; SAP and Yardi expertise will be preferred.
  • Real Estate related Certification from Dubai Real Estate Institute is preferred.

Minimum Experience

  • Minimum of 10 years of experience in the field of Finance and Accounting, out of which a minimum of 4 years in the Real Estate industry at a financial management position.
  • Experience in Real Estate / Construction / Project Management industries will be preferred.

Job-Specific Skills

  • Well-versed in IAS / IFRS.
  • Well-versed in preparation of Financial Statements.
  • Knowledge of Dubai Real Estate Laws, Guidelines, and directives is a desired skill.

Behavioural Competencies

  • Positive attitude, with ability to manage expectations of the various stakeholders of the Malls Group portfolio.
  • Ability to lead portfolios with constant motivation towards the next level of success.
  • Ability to manage time appropriately, communicate effectively with team members and business
  • Ability to approach problem solving with simplicity and logic, and to present solutions on financial matters to non-finance professionals.
  • Ability to think holistically and understand the chain impact of financial transactions on the overall business.
  • Ability to work under pressure without losing control over tasks assigned.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Apply Now: [email protected]

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Senior Auditor | Jitendra Consulting Group

A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Senior Auditor”.

Company Name
 Jitendra Consulting Group, Dubai
Qualification Bachelors Degree | Masters Degree | CA | ACCA | CPA
Experience 5 – 10  years of Relevant Experience Required
Monthly Salary 10,000 AED – 15,000 AED 
Employment Type Full  Time | Permanent
Company Size 50-100 Employees
Benefits Medical Insurance 
Location Dubai

Jitendra Consulting Group firm is progressive medium-sized accounts, auditing, tax, bookkeeping outsourcing firm helping clients to accomplish their business and financial goals towards growth, efficiency, and profitability. Initially delivering services and support in the spheres of Auditing, Assurance, and Accounting, we built upon our core competencies, adapted to the dynamic market, led business processes through innovation, and constantly surpassed the expectations of our clients.

We are an experienced Chartered Accountants in Dubai, looking for a competent Senior Auditor to handle and manage our company division in the UAE. The role will entail aid overall leadership responsibility for developing and implementing strategy, policy setting, and financial performance for the business, mainly you will help to ensure the business function operates effectively and achieves the planned growth path.

Duties & Responsibilities:

  • To plan, conduct, and manage Audit and Risk Assurance engagements following the relevant accounting, auditing standards, and the ability to communicate effectively with internal and external parties, including overseas client personnel and audit teams.
  •  Highly required to have proficient knowledge of IFRS/ IAS (Internal Auditing Standards) and sufficient knowledge about VAT/ ESR/AML/UBU.
  • To liaise with client’s accounts, Inspects account books and accounting systems for efficiency and use of accepted accounting procedures, organizes and maintains financial records
  • To handle a variety of audits independently, supervise a team of auditors, attend inquiries, meeting with the client, and submit MIS report to the Management on time.
  • To have practical knowledge in all the tax-related matters like compliance, registration, de-registration, clarification, reconsideration, tax disputes and examine financial statements to be sure that they are accurate and comply with laws and regulations, computes taxes owed, prepares tax returns, and ensures that taxes are paid properly and on time.
  • To review the files, assess financial operations, and makes best-practices recommendations to management, suggests ways to reduce costs, enhance revenues, and improve profits.
  • To be able to identify and record audit errors, discusses relevant audit issues with personnel at clients’ premises, and assist in managing the financial aspects of engagements by organizing staffing, tracking fees.
  • Prepare and organize the working paper file for assignments and issue draft audit reports and management letters.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; and participating in professional societies.
  •  Submission of the weekly and monthly reports of the work done and clients’ status report or any other report which is required by the management to improve the efficiency and the reporting requirements.

Qualifications:

Indian CA qualified with 5-10 years’ experience; in an audit organization handling and executing audits

30 to 35 years and above, a UAE driver’s license is a must

Education: Master’s Degree in Business Administration/ Bachelor’s Degree in Accounting and

CA, ACCA, CPA or equivalent professional

Required Skill Set 

Knowledge of IFRS, risk-based auditing, and paperless audit methodology

Proficiency in MS Office (Very good knowledge of Excel)

Good communication skills (written and oral)

Job Location: Dubai, United Arab Emirates

Apply Now :[email protected]

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Financial Analyst | Al Tayer Group

A well-known and well-reputed Company based in  Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of  “Financial Analyst”.
Company Name
 Al Tayer Group, Dubai
Qualification Bachelors Degree | Masters Degree | ACCA | CMA | CPA | CIMA
Experience 4 – 5  years of Relevant Experience Required
Monthly Salary 6,500 AED – 8,000 AED 
Employment Type Full  Time | Permanent
Company Size 50-100 Employees
Benefits Medical Insurance 
Location Dubai

Job Purpose:

To provide support and advice to the management team on financial performance matters and assist in creating and implementing forecasting / budgeting tools and strategies that provide key stakeholders with relevant, accurate and timely management information which supports executive level decision making.

Roles & Responsibilities:

    • Provide timely, relevant, and accurate reports and analysis of performance against historical, budgeted, and forecasted results to facilitate decision-making toward the achievement of the budget and strategic plan
    • Provision of business analysis and KPI management
    • Adopting a business partnering approach and providing essential financial advice and support to key stakeholders
    • Ensure business growth objectives are achieved through planning, coordination and production of budgets and forecasts in a timely manner
    • Maintain and develop financial models to aid planning processes, ensuring quality, accuracy, and focused analytical review
    • Manage the successful delivery of process improvement initiatives by identifying non-value add activities and implementing solutions which create operational efficiencies across the business
    • Responsible for the preparation and execution of month end reporting tasks, ensuring the necessary information is provided in an accurate and timely manner i.e. MIS reporting
    • Support the interim and year end audit process, liaising with external auditors and preparing and consolidating relevant information as required in a timely manner
    • Preparation of periodic reports for OEM requirements and compliance
    • Ensure processes and procedures are fully documented in a clear and concise manner and always maintained
    • Support in the preparation of board presentations for management
    • Preparation of ad hoc reports and analysis as required by management
    • Participate in the automation of processes and system implementation for Finance as a key project member (i.e. ERP, BI Tool)
    • Managing adhoc reports for OEM’s and internal stakeholders
    • Work closely with the accounting team to ensure accurate financial reporting

Qualifications & Experience:

  • Bachelor’s / Master’s degree in Accounting or Finance
  • Professional accounting qualification i.e. CMA, CIMA, ACCA, CPA
  • 4-5 years post qualification experience in a fast paced multinational organization
  • Previous experience in an analytical role advantageous
  • Excellent MS Office software proficiency: strong Excel skills required
  • Thorough understanding of International Financial Reporting Standards (IFRS)
  • Strong analytical skills and attention to detail – financial modelling experience an advantage
  • Independent worker and analytical thinker with the ability to conduct research, data analysis and resolve complex problems
  • Ability to multi-task and work in a challenging fast paced environment
Apply Now :[email protected]

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Treasury Accountant | Al Futtaim

A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Treasury Accountant”.

Company Name
 Al Futtaim, Dubai
Qualification Bachelors Degree | Masters Degree (Accounting / Related Field) | MBA | ACCA | B.Com
Experience 2 – 4 years of Relevant Experience Required
Monthly Salary 5,500 AED – 6,500 AED 
Employment Type Full  Time | Permanent
Company Size 50-100 Employees
Benefits Medical Insurance 
Location Dubai

Job Requisition ID: 106303

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives . Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.

About The Role

As a member of Automotive Treasury team, you will be supporting the Automotive Business Units on the following:

  • Daily Liquidity Management of Automotive entities
  • Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
  • Forex booking based on agreed hedging strategy & recording, computing swaps & tracking hedge v/s unhedged positions.
  • Trade finance documentation review & issuance and Liasoning with business and banks
  • Accounting journals for all treasury related transactions
  • Month end closing activities and audit
  • Treasury related project support

About The Resposnisibilities

Daily Liquidity management:

  • Preparation / review of daily liquidity report and managing the funds to ensure bank accounts are adequately funded to meet all payment obligations (salaries, customs, Vendor payments etc), Forex, Loans & other treasury settlements
  • Preparation of all transfer letters manually / online in a timely manner to manage the funds appropriately.

Loan Operations

  • To Support FM – Treasury in reviewing the loans portfolio for taking decisions on loan settlements, drawdown, roll overs.
  • To support FM – Treasury in taking decision on internal loans & deposit portfolio.
  • Preparation of /drawdown / settlement / rollover / pre-settlement request letters in a timely manner either manually / online and getting it approved for execution.
  • Preparation of deposit requests to group treasury / banks.
  • Tracking and updating all loan schedules and ensuring loans are drawn within the banking agreed facilities and the agreed interest rates.

Forex Booking

  • Ensuring that Forex orders are raised with group treasury in accordance with the hedge policy and hedging strategy.
  • Tracking all Forex orders, hedge & unhedged positions
  • Accounting for all Forex utilization and computation of Swap gains / losses.

Trade Finance Instruments Review & Issuance

  • Ensuring that requests received from business to issue trade finance instruments (Letter of credits, Advance payment guarantees, bid bonds, retention bonds, Stand by Letter of Credits etc) are reviewed, approved in accordance with DOA and issued in a timely manner.
  • Preparation & Review of all export letter of credit documentation to ensure it is in line with the terms of LC.
  • Preparation of LC discounting documents to discount and receive payment in a timely manner.
  • Preparation of monthly report on all outstanding guarantees & LCs and sending to business for closure of outstanding guarantees.

Accounting & Audit

  • Ensuring that all treasury related transactions (Loans, liquidity, Forex, Trade finance, charges & Interests) are accounted in a timely manner.
  • Ensuring all month end treasury activities of reconciliations, treasury schedules, audit schedules are prepared in a timely manner.

Project Support

  • To support FM – Treasury in all treasury related projects (Treasury & Risk Management, Cash Management & Automation initiatives)

About The Requirements

Minimum Qualifications and Knowledge:

  • Professional accounting qualification
  • A qualified B.COM, ACCA, MBA or at least 2 years work experience within a large organization.
  • Analytical, process oriented, good communication skills, exposure to ERP

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Apply Now: [email protected]

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Financial Analyst | Kinetic Business Solutions Middle East

A well-known and well-reputed Company based in  Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of  “Financial Analyst”.

Company Name
 Kinetic Business Solutions Middle East, Dubai
Qualification Bachelors Degree | Masters Degree | CPA | CIMA | ACCA
Experience 2 – 4  years of Relevant Experience Required
Monthly Salary 6,500 AED – 7,500 AED 
Employment Type Full  Time | Permanent
Company Size 50-100 Employees
Benefits Medical Insurance 
Location Dubai

A leading Medical Devices company is actively recruiting for a Financial Analyst to be based in Dubai, UAE.

The main responsibilities will include:

  • Facilitate necessary actions to maximize financial KPI’s. Attention to detail is critical.
  • Supports in evaluating growth initiatives, resource optimization and market expansion projects.
  • Monitor financial performance by analyzing and recommending actions to improve revenue, margins, OpEx and OI.
  • Identifies shipping risks and delays, Incoterms and other supply chain issues that impact our ability to meet cut-off deadlines and forecast delivery that effects customer satisfaction and revenue goals.
  • Implement pricing tools to improve pricing decisions, while considering company policies and remain compliant.
  • Collect, analyze, and evaluate data on products, costs, and markets to support development and presentation of appropriate pricing strategies.
  • Able to work independently or as part of a team and continuously improves his/her skills.
  • Results oriented, strong economic and business orientation with bottom-line focus.
  • Manage or contribute to regular financial administration activities in line with the role’s responsibilities, including reconciliations, pricing, ad-hoc requests, etc.

To be successful you will need to meet the following:

  • University graduate with advanced degrees a plus.
  • Previous experience in Finance/Accounting of at least 2-4 years with international company is preferred.
  • CPA, CIMA, ACCA or similar designation a plus; U.S. GAAP understanding preferred.
  • Candidate must be fluent in English; Arabic is an advantage.
  • Good team player, dynamic, optimistic, accurate, hard-working, and creative.
  • Outstanding communication and interpersonal skills – verbal and written.
  • Strong analytical skills, high level of intelligence and agile enough to be comfortable in participative problem-solving environments.
  • Ensure Marketing budgets are tracking accordingly to plan.
  • Conducts weekly business review and support in monthly business reviews.

We check all applications and suitable candidates will be contacted within 5 working days. If you are not contacted by us within that time, please consider your application unsuccessful on this occasion.

Apply Now :[email protected]

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