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.