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.
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
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.
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
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
Analysis and troubleshooting
Strong technical account knowledge and audit experience needed
Solid experience in International Financial Accounting Standards (IFRS).
Understanding of internal controls
Communication & interpersonal skills
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
Job date: Sat, 02 Jan 2021 08:44:22 GMT
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