Finance Controller – Al Futtaim Finance

Job description / Role

Al Futtaim Finance (AFS), a Central Bank of UAE regulated entity, is a wholly owned subsidiary company of the Al-Futtaim Group, the leading business conglomerate of UAE. AFS specializes in providing a range of innovative consumer finance products to customers across the UAE.Purpose:  Provide and lead the financial accounting and controller ship function reporting in to CFO of the company ensuring financial control for the company.

* Financial Accounting & reporting: Supervise Formulation and submission of detailed financial statement at required interval and reporting of the same. Preparation of SOPs, accounting policies, intercompany settlement and product accounting. Work with internal and external audit team and support.
* Financial Planning:- Preparation and reporting of annual budget forecast, monthly, quarterly and annual financial statements, in line with local and regulatory requirements. Provide input / support for new business strategies, and revenue optimization
* Systems Development & Product Accounting:- Support systems development and product accounting along with core systems for retail banking product including reconciliation.
* Central bank & Regulatory reporting:- preparation and timely submission of regulatory reporting related to the business of the company. Work as contact point for all regulatory communication and ensure adherence.

Key Performance Indicators

* Supervision and preparation of financial statement and reporting in timely manner
* Month end preparation of financial with reconciliation of GL and sub ledgers including bank and receivables
* Preparation & analysis of Budget including forecast, Actuals and variance analysis
* Management of receivables & payables including accruals and accounting thereof
* Support setup of core financial system in compliance of all regulation and financial standards by participating in product design and UATs.
* Working with Internal, Statutory and regulatory auditors to provide business governance and continuous compliance

Requirements

Experience

* Strong accounting and finance back ground with knowledge of banking product an advantage
* All banking relationships and activities.
* Ability to work under pressure and prioritise the task at hand
* Advanced computer skills.
Qualifications

* MBA (Finance) or Chartered Accountant or CPA preferred.

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.