Job title: Reporting Lead (IFRS) | Al-Futtaim Retail


Job description: No two days are the same at Al- Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al- Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Marks & Spencer and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.

Job Title: Reporting Lead – Retail Division

Line Manager: Senior Financial Controller

Role purpose & context:

Ultimately responsible for timely completion of all External audit activities and statutory reporting requirements including Financial statements, Turnover certificates and IFRS reporting.

Ensure that the business activities are conducted in accordance with the Financial Control Models (FCM), and that financial impact are measured and reported following the accounting standards and Group reporting instructions. You will also support the definition of local financial policies and ensure that the adherence to both local and global reporting standard are controlled.


Financial Reporting

Perform the preparation of consolidated accounts for the Division and in- country statutory report on an accurate, efficient and timely basis

Ensure preparation of statutory accounts in accordance with SFRS/IFRS, group policy, and the statutory requirement of each country within which the business operates.

Uniform Accounting and reporting standards across all legal entities. Ensure timely and accurate preparation of statutory accounts in full compliance of group accounting policies, SFRS and IFRS.

Ensure any key matters and internal control points arising from external audits are followed up and satisfactorily resolved

Be a proactive driver of continuous improvement

Perform monthly financial reviews to eliminate any reporting inconsistencies prior to each audit period / financial statement preparation period

Ensure all Group Financial reporting requirements (HY / YE / Statistical Data & Variance analysis) are completed as per deadlines set

External Audit

Assist in the Audit guides / communications / planning

Ensure CAS data is provided timely and accurately

Assist Auditors in responding to their queries promptly

Review audit comments / issues and suggest corrective action as necessary

Ensure all audit adjustments are recorded correctly

Treasury & Lender Reporting

Ensure financial and statutory reports, and financial/pro- forma information are prepared and made available to the Treasury team on a timely basis to comply with bank facilities and lending reporting requirements


Ensure accurate and timely financial information is provided for corporate tax and indirect tax computations for in- country tax filings, and adequate documentation and record- keeping system is maintained to comply with local tax regulations.

Turnover Certificates

Ensure all turnover certificates are produced timely to mitigate any potential penalties

Other Key Responsibilities

To liaise with relevant managers and stakeholders to ensure full collaboration and understanding on critical topics.

Contribute to the improvement of the solutions and business processes.

Maintains and upgrades professional knowledge, management skills and domain expertise by using continuous learning & development tools.

Contribution to business excellence initiatives

Peer appreciation and feedback

Continual development of team and product application skills

Maintain an excellent rapport with the business.

Candidate Qualifications & Experience

College or University degree in Finance

Qualified Accountant

Big Four Audit experience with 2 years industry experience

Managerial experience of at least 2 years

Knowledge of SAP BPC or SAP Business Warehouse will be highly regarded

Extensive use of Excel

Retail experience is a plus

Job- Specific Skills:

Microsoft Office, particularly Excel

PC skills

Analysis and troubleshooting

Strong technical account knowledge and audit experience needed

Solid experience in International Financial Accounting Standards (IFRS).

Understanding of internal controls

Behavioural Competencies:

Individual Accountability

Communication & interpersonal skills

Personal Integrity

Strong analytical skills & problem- solving skills

Ability to follow- up on outstanding issues

Ability to work effectively as part of a team

Ability to manage time & work under pressure

Readiness to persevere with difficult tasks

Ability to be assertive without being aggressive

Able to focus and drive tasks to completion

Expected salary:

Location: Dubai

Job date: Sat, 02 Jan 2021 08:44:22 GMT

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