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.

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

Overview Of The Role

Plans, organizes, assigns, reviews, and evaluates the work of assigned professional and technical support staff. Ensure accurate business reporting and general ledger daily operations by adhering to robust closing activities.

What You Will Do

 

• Ensures an accurate & timely month, quarter & year-end closing, providing all necessary regular & irregular analysis.
• Prepares and directs of daily vendor payment recommendation.
• Review and verify all bank transfers prepared by the accountants.
• Manages all Payment vendors within the due date.
• Review and verify all SAP vendor contracts / Pos.
• Process and review fixed asset module SAP transactions.
• Develops, implements, and maintains systems, procedures, and policies, including accounts payable functions to ensure adherence to company guidelines.
• Follow up and prepared the prepaid expense across all SPVs.
• Follow up and prepared the accrual expense across all SPVs.
• Ensure reconciliation of GRIR -SPGLs third-party and inter-company accounts and rectification of reconciling items.
• Provides accounting assistance to the AP Department accountants.
• Respond to vendor inquiries and clarifications.
• Respond to the line manager's special assignment.
• Interface with management in other departments.
• Month-end, quarter-end, and year-end closing section activity.
• Review and support the preparation of Cash reports.
• Ensure all month-end entries are passed in the system, like pre-payments, accruals, etc.
• Preparing and sharing the weekly payment log and controlling the process efficiency.
• Support the internal and external auditors with their requirements.
• Control and monitoring the stock of all types of vendors' letters of guarantee.