Job Description
Overview of the role
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.
What you will do
General Ledger reconciliations:
- Prepare GL schedules (reconciliations) monthly.
- Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.
- Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
- Review trends, identify patterns & opportunities to strengthen controls.
- Standardize schedules and follow a quality review process.
- Engage with business unit finance teams to discuss findings from GL schedules.
- Follow IFRS/IAS and AFG policies in the accounting process
Monthly / Yearly books closing:
- 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.
- 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.
- Review BSS BPC data for the entire Company handled by JH covering every single GL a/c, identify gaps, misses not limited to R2R but covering all Towers
- Co-ordinate with external auditors and ensure timely submission of documentation and information.
Intercompany accounts monitoring:
- Review related party accounts and identify mismatches.
- Produce actionable insights and share with stake holders.
- Engage with business unit finance teams to drive resolutions.
Corporate Income Tax:
- Prepare computations for Income Tax applying local Tax regulations.
- Record appropriate accounting entries in the books
- Review balances in Tax GLs and associated GLs and closely monitor the same
- Plan and prepare for Income Tax assessments
Skills
Required skills to be successful
- 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 cashflow, and the statement of financial position.
- Sound knowledge of taxation laws in the GCC and SEA. Particularly Corporate Income Tax in the U.A.E.
- Critical thinking with an eye for details to identify patterns and a problem-solving attitude is essential to deliver meaningful and actionable insights.
- Ability to analyse financial data using variety tools, including but not limited to MS Excel.
- Excellent verbal and written communication skills are a minimum to achieve result-oriented engagement with stakeholders at different levels within the organisation.
- Manage competing priorities with good organisational and time management skills
- Accuracy in everything. To ensure reliability and appropriate actions, accuracy is paramount whether it is accounting or analysis.
- Business acumen is a pre-requisite to provide meaningful and actionable insights.
- Teamwork in a multicultural work environment is necessary for delivering excellence.
- Self-Starter, JH is required to anticipate emerging trends and issues that have a direct impact on reported numbers
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What equips you for the role
- Bachelor’s degree in accountancy/ACCA/CMA (or similar qualification)
- 5-7 years in a similar role with hands on experience using ERP systems
Job Details
- Job Location
- Dubai United Arab Emirates
- Company Industry
- Retail & Wholesale
- Company Type
- Employer (Private Sector)
- Job Role
- Accounting and Auditing
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- 1
