Ref: HP698-13280

Job description / Role

Employment: Full Time

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 Arab 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 organization 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

Overview of the role

Ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports.

What you will do

General Ledger (G/L) Scrutiny

- Constantly monitor and maintain the book of accounts (G/L, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports
- G/L schedules - scrutinize and prepare G/L schedules for review by line manager
- Reconciling various GL accounts and prepare schedules.


- Reporting: prepare various reports for all stores (sales, performance, FLASH, management meeting pack, etc) and submit to management for review & action
- Month end BPC upload
- Prepare IKEA Specific weekly & monthly reports.

Monthly closure of books

- Reviewing expenses accounts for the month and passing necessary accrual entries and maintaining accrual schedules.



- Reconciliation of inventory entries between Navision & SAP
- Monitoring of Costing Load Factor of both Store & IFB
- Stock provision analysis on monthly basis in line with the financial policy


- A Point of contact for stores for Maintenance requisition/contracts and capital expenditure requisitions approvals and forward the same to stores after obtaining necessary approvals at service office.
- Updating capital expenditure cost by project and keeping track of payments
- Pre-opening cost track sheet to be maintained & monthly updated reports to be forwarded to the concerned Project Head.


- Support the finance manager in building up the budget and secure that the annual goal-setting process is working
- Supporting the business goal-setting process that leads up to the defined budgets for each department
- Support departments understanding of budgeting process and how it influences the motivation in the organisation
- Responsible for monitoring department's budget and expenses and flagging to the Finance manager any discrepancies
- Budget uploads in BPC & SAP

Regional Support

- Support with the Regional Expansion Plans whenever necessary including planning and pre-opening phases
- Support with improving current ways of working and business practices

Required Skills to be successful

- Exceptional creativity and innovative design skills
- Excellent communication and presentation skills
- Organizational and time-management skills for meeting deadlines in a fast-paced environment

What equips you for the role

- A Bachelor's Degree minimum required
- Must have at least 1 years' experience in a Finance function
- A university degree in Business Administration or Finance or relevant job experience from several years in finance department in a large-scale retail operation
- Desirable to have detailed know how of the IKEA Concept in order to implement the IKEA Concept
- Excellent mathematical and numerical & analytical skills
- Excellent Excel and Microsoft skills
- Proactive approach to issues.

About Al-Futtaim Retail

Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer's in both regions with over 75 stores offering both fashion & food options.

Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference.

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.

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Finance Executive salaries in Dubai

Average monthly compensation
AED 7,000

Breakdown available for industries and years of experience