Accounts Executive

Job description / Role

Accounts Executive - Crabtree & Evelyn - Regional Head Office

Crabtree & Evelyn is the latest addition to Al-Futtaim's growing retail portfolio. Founded in 1972 Crabtree and Evelyn offers range of fragrances, bath and shower gels, soaps, home spa products, body lotions, hand creams and home fragrance. The ethos of the company remains, seeking out the most beneficial ingredients inspired by nature to create a range of products which make a world of difference. A blend of the very best of nature and science coupled with tradition and innovation.

Al-Futtaim established in 1930s is one of the most progressive regional business house headquartered in Dubai, United Arab Emirates. Al-Futtaim represents an inspiring portfolio of leading brands across a diverse range of industries: automotive, electronics, engineering and technologies, finance, general services, real state and retail.We are curreltly looking to hire an Accounts Executive for Crabtree & Evelyn.

This role reports to Finance Manager. You will be responsible for complete Financials of the company from Data entry into the system to finalising accounts, preparing monthly MIS, Quarterly and Annual Budgets. Attending to Internal and External Audits, providing Key data on business to Senior Management as required.

KEY ACCOUNTABILITIES:
Books of Accounts and Preparation of Reports
* Prepare to close monthly books of accounts thru passing necessary entries and assist to deliver the key MIS reports - P&L, Balance sheet, Cash Flow statements and other key MIS reports (for Brand/ Retail Finance/ Group Finance)
* Prepare Monthly Management Pack
* Complete BPC upload.
Budgets and Quarterly Review Budget Preparation
* Initiate, prepare and consolidate the budgeting documents which include Budgeted P&L, Balance sheet and budgeted cash flow
* Coordinate and prepare to deliver budgeting reports and presentation slides on time for the management to review and present to CEO.
* Responsible for finalising the budgeted numbers and ensure that is uploaded in the system on time for the review by Retail and Group finance offices
GL Scrutiny and Schedules
* Constantly monitor and maintain books of accounts ( GL, AP, AR and other sub ledgers like FA register) accurately so as to reflect true and fair view of the brand performance reports
* Preparation of monthly and other periodic schedules
Product Costing and Margin
* Prepare and analyse the margin of the business and highlight the variances if any
* Manage to audit and check Warehousing costs and drive for cost reduction on product costs viz.; freight, insurance, customs duty, clearing and transportation.
* Review the load accruals and finalise the products costs on seasonal basis with the latest costs.
Insurance
* Finalise the detailed Insurance coverage of the business on a yearly basis and monitor regularly to identify possible business risks
Audit Completion and Controls
* Co-ordination in completion of internal and external audits and respond to their queries.
* Ensure that audit schedules are prepared in coordination with Retail Finance and submitted on time for both Internal & External auditors
* Develop and implement procedural improvements and clear prior year audit findings.

Requirements

Minimum Qualifications and Experience:
* Intermediate CA or ICWA with 5 years experience
* Bachelor of Commerce with 8-10 years experience, out of which 5 years in Retail with strong knowledge of business.

Job-Specific Skills:
* Thorough knowledge of Accounting - Accounts Finalisation/Balance Sheet/Cash Flow.
* Analytical and tactical ability.
* Able to work and deliver under pressure.

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.