Financial Controlling Manager

Job description / Role

Company Overview

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 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.

Overview of the role

As the Financial Control Manager in Al Futtaim Retail Head Office, you will lead Central Retail Controlling tasks while complying with the organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks.

What you will do

• Ensure compliance with transfer pricing transactions, balance sheet/high risk accounts review considering multiple inter-company transactions which are in conjunction with finance controls along with weekly/monthly reporting in line with organization requirements.
• Ensure intercompany transactions comply with the group policies and are accepted and settled on a timely basis.
• Contribute to the improvement, identify accounting and financial issues, and suggest timely solutions within the team and cross-functionally with an aim to standardize accounting processes (FSSC, O2C, Group Tax, Group Finance, P&C etc.).
• Lead, monitor, and establish SLAs across retail brands including cost allocations, loyalty program management, revenue recognition – budget vs. actuals/true ups, accruals, and breakage management.
• Facilitate and reduce delays in issuance of store turnover audits/certification across MENA and SEA retail stores from external auditors.
• Establish, monitor, and facilitate decision making with respect to insurance coverage taken for the entire retail group along with timely premium negotiations and claims recoverability.
• Proper implementation and ongoing compliance with IFRS 16 accounting standards for lease accounting and PPE.
• Manage, monitor, and oversee the company's lease portfolio, ensuring that all lease transactions are accounted for in accordance with IFRS 16, and provide timely financial reporting and analysis.
• Track and monitor promotions and gift vouchers issued across the retail environment.
• Ensure compliance with UAE’s corporate income tax regulations, including preparation and documentation, and any other required filings. Assist in tax planning activities, including identifying opportunities for tax optimization, minimizing liabilities, and ensuring compliance with applicable tax laws and regulations.
• Prepare and lead presentations with cross-team/functional stakeholders on a monthly and ad hoc basis.
• Manage petty cash for the retail divisional office with monthly and annual reporting.
• Collaborate and lead discussions with external and internal auditors during audits, ensuring that all information is accurately reported and compliant with IFRS and policy requirements.

What you will need

• Bachelor’s degree in finance, accounting, or related field.
• 5+ years’ experience in financial controlling or audit, preferably in retail.
• Strong knowledge of IFRS (especially IFRS 16), transfer pricing, and UAE tax compliance.
• Excellent analytical, communication, and leadership skills.
• Proficient in financial reporting and ERP systems.
• Detail-oriented, proactive, and able to work cross-functionally.

Additional information

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.