Accounts Executive

Job description / Role

Accounts Executive - Retail - Finance Shared Services Unit - Cairo, Egypt

Al-Futtaim's Retail Division holds a stable of world class brands operating in buoyant markets with huge growth prospects. Some of our brands are Marks & Spencer, Toys R Us, Ace, IKEA , Guess, Esprit, Plug-Ins as well as Robinsons with a range of smaller brands selected for their appeal to the markets in which we operate. We currently operate our Retail outlets across the GCC, Levant, Egypt and in South East Asia.

Alfa Egypt Trading Co is the Al-Futtaim Retail Divisions Egypt Operating Company. We have enjoyed phenomenal success throughout Egypt. We are in the final stages of outline planning for massive growth and need to prepare for the next phase of this program in Egypt.

* Secures revenue by verifying and matching collections, resolving discrepancies, ensure the management and effective utilization of funds, assists in submission of accurate , and timely management of information and maintaining adequate cash at each account.
* Accuracy between the books of account and the bank statement thereby reducing risk/exposure to the business.
* Matched entries in the books of accounts with the bank statements.
* Accurate reconciliation done on monthly basis
* Well controlled bank accounts & well managed balances by ensuring all accounts have suitable balances.
* Well prepared & Managed in and out transfers.
* Getting the least interests as well as best price of foreign currencies.
* Resolved disputes with banks, including reconciling of Bank statements and our balances
* Accurately matched sales entered in the books of account with the collection of receipts for the sales thereby reducing risk/exposure to the business
* Ensuring that all the Retail stores are provided Credit Card Acquiring and also ensuring that the staffs are trained to operate on the same.
* Ensure that all accounts receivable requirements of the businesses under Retail Division are provided.
* Completeness of documentation requirements for all businesses under retail division & submission to Bank and Retail Treasury within the stipulated time.
* Support AR supervisor at Preparing, consolidating & submitting accurate treasury reports to the Group Treasury within the stipulated time

Requirements

Minimum Qualifications and Knowledge:
Graduate (Commerce) accounting major, knowledge of ERP (SAP knowledge will be considered as an asset), good understanding of financial accounting, basic background at corporate banking activities and very good at English language.

Minimum Experience:
1-2 years is plus

Job-Specific Skills:
Analytical, Numeric, & Microsoft Office.

Behavioural Competencies:
Committed, Hardworking, good communication skills, quick learner, detail oriented, and high sense of urgently.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.