Assistant General Manager - Reporting & Control

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 Group Finance team in the capacity of Assistant General Manager - Reporting & Control.

Overview of the role
To play pivotal role in preparation and presentation of accurate and timely audited financial statements, review impairment assessments, ensure compliance with IFRS and corporate Income tax reporting, pre and post-acquisition related work on PPA, accounting and reporting integration and oversee the audit of individual financial statements.

What you will do

Financial reporting and audit:
- Conduct financial analysis of group results (statutory and tax), identifying trends, variances, and opportunities for improvement in reporting.
- Coordinate the external audit process, working closely with auditors to provide required information and resolve audit findings promptly.
- Create templates and processes to identify and resolve data in consistencies and anomalies at individual/consolidated financial statement.
- Continuously assess and improve group reporting and control processes to enhance efficiency and accuracy.
- Work with IT, FSSC and Division Controlling for data validation checks and templates to ensure data integrity throughout the consolidation process, flagging inconsistencies for review.
- Work closely with FSSC, divisional control and oversee the accounting and reporting for statutory financial statements and audit.
- Work with P&C on new/changes to IFRS and disclosure requirements and develop accounting examples, guidance notes, policies, process flows and SOP's to test and implement requirements.
- Conduct analysis of the consolidation accounting processes to identify areas suitable for automation and improvement.
- Generate reports and dashboards to provide insights into the consolidated financial results.
- Maintain documentation of automation processes, including workflows, configurations, for audit and reference purposes.
- Provide training and support for adoption of automation processes.
- Quarterly consolidation of Group results and reporting
- Work with FSSC, Divisional Controlling and Group tax to ensure completeness of documentation of consolidation adjustments for tax purposes.

Impairment Assessments
- Work with divisions to conduct regular assessments of the Group's assets, including tangible assets like property, plant, and equipment, as well as intangible assets such as goodwill, brands, distribution rights, patents, and trademarks.
- Review and challenge key assumptions used in impairment assessments, ensuring they are reasonable and supported by evidence.
- Review submissions with divisions, summarise group level impact, ensure consistency and compliance with Group policies and IFRS requirements.
- Prepare detailed documentation of the impairment assessment process, including assumptions made, valuation methodologies employed, and conclusions reached.
- Work with division to identify potential impairment risks and report.
- Work closely with corporate finance on WACC rates, circulation with divisions, clearance with auditors and ensuring compliance with group requirements.

Business acquisition support, integration and consolidation
- Support on the accounting and financial reporting of business acquisitions, due diligence, purchase price allocation, and fair value assessments.
- Ensure accurate and timely recognition of acquired assets, liabilities, goodwill and other intangible assets.
- Oversee the consolidation of financial statements for multiple entities within the organization, ensuring compliance with IFRS 3 Business Combination.
- Provide support and expertise during the integration of newly acquired businesses into the organization.
- Collaborate with division and cross-functional teams to address financial integration challenges.

Individual Financial Statements audit and reporting
- Track, review, report on the progress of individual financial statement audit.
- Prepare template masters for financial statement automation project.
- Work with FSSC and Divisional controlling to resolve audit queries, quality of documents submitted for FS sign-off and timely completion of annual audit.

Requirements

Required skills to be successful
- Strong financial reporting expertise
- Understanding of consolidation accounting
- Ability to coordinate and manage external audits and address audit findings
- Strong analytical and research skills
- To interpret financial data
- Identify trends and knowledge of financial regulations and compliance with IFRS
- Proficiency in using data analysis tools and software (Power BI, financial modeling, familiarity with SAP and BPC, attention to detail
- Analytical and research skills
- IFRS and reporting requirements
- Familiarity with SAP and BPC systems
- Good project management and execution skills

What equips you for the role
- Chartered Accountant or equivalent
- Overall 7-10 years in accounting, finance with 3 to 4 years in similar role, big 4 experience preferred

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.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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.