Accountant - I2P

Job description / Role

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A"rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Accountant - I2P

Overview of the role
As an I2P Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the I2P function whilst complying with organization's policies and procedures and ensuring necessary checks and balances to mitigate risks.

This position will be responsible for the following:
- Petty Cash Verification as per Petty Cash policy
- Posting of Petty Cash Expenses for all companies
- Payment through prepaid card/Cheque
- Execute payment run and the exceptions are reviewed and highlighted
- Prepaid Card Bank Charges ZFI_Factl file creation/ Payment
- Maintaining card master file and updating as required, Applying and close of Prepaid wire card
- Reversal of Documents as per request from business
- Moving of Traffic fines to recovery account for payroll deduction
- Following up with business for old IOU and Cheque in transit posting
- Handling Petty cash queries
- ECD authorization control for petty cashiers
- Creating and assigning cash journals
- Collecting and matching petty cash count on a periodic basis
- Float Analysis for maintaining adequate Imprest balance
- Peer Review of the Petty Cash Payments
- Reconciliation of Credit Card Statements
- Verifying Credit Card Claims
- Posting Credit Card Claims
- Payment of Credit card Claims (Transfer Letter/HSBC portal)
- E-wallet Top-up for Branch's and government payments through Credit card
- Training of Petty cashier on cash journal on a continuous basis
- Down payments creation/Petty Cash advances
- Ensure clearing happens for GL account 110004. Balance should be Zero
- Principal payments and Monthly payment cycle

What you will do
- Timely I2P partnering support to Business in day-to-day operations
- Daily monitor Cash clearing account and clear and highlight discrepancy to Business
- Perform monthly / periodic reconciliation and substantiation of petty cash related accounts and highlight exceptions and related risks to the Business
- Half-yearly / Yearly collection of petty cash balance confirmation from petty cashiers and highlight mismatch to Business.
- Perform assigned month end book closing tasks within I2P
- Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC I2P processes
- Any other I2P activities assigned from time to time
- Handles the queries from Business for advance and forward to concern

Requirements

Required skills to be successful
- SAP knowledge will be preferred
- Analytical as well as Process oriented
- Excellent communication skills
- Prior working knowledge in ERP systems (ex: SAP)
- Knowledge of Excel, Power Point and other Microsoft office tools
- Detail-oriented and organized

What equips you for the role
- Finance Graduate or Semi-qualified or equivalent qualifications
- Minimum of 1-3 years similar experience, with a good knowledge of ERP systems

We're here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click "apply": Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

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.