Senior Accountant

Job description / Role

Senior Accountant - Shared Services Finance

This is an exciting opportunity to be part of the prestigious Al Futtaim Group.
Toyota, Honda, Marks & Spencers, Ikea, Toys R Us and Dubai Festival City are just some of the amazing stable of world renowned brands managed by the Al Futtaim Group of Companies. Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses in the Gulf region. Today, Al-Futtaim operates through more than 65 companies in sectors as diverse as commerce, industry and services, and employs in excess of 20,000 people across the UAE, Bahrain, Kuwait, Qatar, Oman, Egypt, Saudi Arabia, Sri Lanka, Syria, Pakistan, Singapore and Europe.

Weare looking for a Senior Accountant to be an integral part of our Shared Services Finance Team.

This role will require the selected individual to fulfill the following responsibilities:
* Preparation of Consolidated Financial Statements (FS) for Year End & Half Year
* Preparation of FS for Year End for individual legal entities
* Ensure the following in the process of preparation of FS:
* Compliance with IFRS or any other relevant Accounting & Reporting Standard(s);
* Complete ownership and management of source working files (whether MS Excel, MS Word, Adobe PDF or any other format);
* Ensure all administration documents around FS i.e. Engagement Letters, Letters of Representation, Management Letters, signed FS or any such other documents are collated for safe keeping;
* Liaise with auditors to ensure efficiency in audit by agreeing on CAS (Client Assistance Schedule), periodic circulation of agreed outstanding status report during audit and follow up with concerned personnel to meet audit requirements;
* Assist SSF & AFGRE teams to manage the audit fieldwork;
* Assist GL (General Ledger) review by highlighting aberrations/risks in the numbers; Document action points on a monthly basis and follow up for completion;
* Supervise and post necessary entries for consolidation of accounts in BPC Module;
* Manage audit requirements for special assignments such as AUP (Agreed Upon Procedures) for related party transactions, financial covenant testing or any other such assignments;
* Review audit reports associated with AUP;
* Draft FS sign off packs;
* Assist in preparation of FS for CFC so that overall quality of FS is enhanced whilst complying with associated accounting and reporting standards;

Requirements

Additionally, the below stated timelines and deliverables will also be expected to be met as part of this job:
* Monthly
* GL Reviews & Highlights;
* Follow up on outstanding action points;
* BPC entries which ultimately impact consolidation;
* Half,Yearly
* Consolidation, including BPC
* Audit & Reviews
* AUP
* Annually
* Audit (interim & Final)
* FS preparation
* BPC consolidation as per agreed timelines

Professional skills (and experience) that we are looking for:
- Professional Degree in Accounting
-Minimum 5 years' experience
- Thorough knowledge of IFRS & IAS
-Working experience with one of the Big 4 audit firms

Personal skills that we would like for you to have:
- Eye for detail
- Patience
- High level of interpersonal skills
- Ability to perform under tight deadlines and 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.