Job Requisition ID: 171256
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 A”rab 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 organisation 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:
As the Financial Control Manager in Al Futtaim Retail Head Office and lead Central Retail Controlling tasks while complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks.
What you will do:
- Ensure compliance with Transfer pricing transactions, Balance Sheet / High Risk Accounts review considering multiple Inter-Company Transactions which are in conjunction with Finance Controls along with weekly / Monthly Reporting in line with Organization requirements.
- Ensure Intercompany transactions comply with the Group Policies & accepted + Settled on a timely basis
- Contribute to the Improvement, Identify Accounting & Financial issues & suggest timely solutions within the team & cross function with an aim to standardize accounting process (FSSC, O2C, Group Tax, Group Finance, P&C etc)
- Lead, monitor & establish SLAs across Retail Brands including Cost Allocations, Loyalty Program Management, Revenue Recognition – Budget Vs. Actuals / True Ups, Accruals & Breakage Management
- Facilitate & Reduce delays in issuance of Store Turnover Audits / Certification across MENA & SEA Retail stores from external Auditors
- Establish, monitor, & facilitate decision making w.r.t Insurance coverage taken for entire Retail Group along with timely premium negotiations & Claims recoverability
- Proper implementation and ongoing compliance with IFRS 16 accounting standards for lease accounting & PPE
- Manage, monitor, & oversee the company's lease portfolio, ensuring that all lease transactions are accounted for in accordance with IFRS 16, & providing timely financial reporting and analysis
- Tracking & monitoring Promotions & Gift Vouchers issued across Retail environment
- Ensure compliance with UAE’s corporate income tax regulations, including preparation & documentation, and any other required filings. assist in tax planning activities, including identifying opportunities for tax optimization, minimizing liabilities, and ensuring compliance with applicable tax laws & regulations.
- Prepare & lead presentations with cross team / functional stakeholders on monthly & adhoc basis
- Petty Cash management for Retail Divisional Office with monthly & annual reporting
- Collaborate & lead discussions with external & internal auditors during audits, ensuring that all information is accurately reported & compliant with IFRS / Policy requirements
What you will need:
- Bachelor’s degree in Finance, Accounting, or related field
- 5+ years’ experience in financial controlling or audit, preferably in retail.
- Strong knowledge of IFRS (especially IFRS 16), transfer pricing, and UAE tax compliance.
- Excellent analytical, communication, and leadership skills.
- Proficient in financial reporting and ERP systems.
- Detail-oriented, proactive, and able to work cross-functionally.
We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
