Senior Accountant

Website Al Futtaim Careers

Job Description:

To protect the health of the company’s balance sheet by ensuring thorough review of every balance sheet GL account and testing it through a substantiation process. Ensure accurate, reliable, and timely book closure every month. Support the audit process. Actively engage with stakeholders to drive ‘good health’ of the balance sheet in compliance with IFRS/IAS and the Al Futtaim Group (AFG) policies.

Job Responsibilities:

  • Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
  • Post accounting entries based on agreed principles and guidelines.
  • Review recurring provision, accruals of expenses and amortization.
  • Identify gaps in provisions and accruals
  • Validate amortization and provision entries.
  • Identify and post accounting entries that require reclassification. Post reclassification entries, cost allocations and any other entries required as per standard checklist.
  • Review trends, identify patterns & opportunities to strengthen controls.
  • Standardize schedules and follow a quality review process.
  • Ensure timely support in preparation of financials and take ownership for delivery.
  • Follow checklists and ensure compliance.
  • Identify gaps in checklist and report new entries/edits to line manager.
  • Provide necessary support in weekly stock forecast, posting necessary adjustment entries related to inventory as per agreed guidelines. Post month end stock provision entries based on reports and facilitate comprehensive review.
  • Submit relevant accounting information/data monthly, to facilitate AFG consolidation using the Business Planning and Consolidation (BPC) tool.
  • Engage with business unit finance teams to discuss findings from GL schedules.
  • Follow IFRS/IAS and AFG policies in the accounting process
  • Prepare GL schedules (reconciliations) monthly.
  • Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.

Job Requirements:

  • Bachelor’s degree in Finance/accounting or equivalent, professional qualification in finance i.e. ACA / ACCA / CIMA Qualified Accountant or equivalent
  • Thorough knowledge of accounting practices in compliance with IFRS/IAS
  • Very good understanding of what it takes to prepare financial statements and the ultimate impact of accounting on the income statement, statement of cash flow, and the statement of financial position.
  • Sound knowledge of taxation laws in the GCC and SEA
  • Critical thinking with an eye for details to identify patterns and a problem-solving attitude is essential to deliver meaningful and actionable insights.
  • Minimum 5-7 years of similar experience, with a good knowledge of SAP ERP system

Job Details:

Company: Al Futtaim Careers

Vacancy Type: Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

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