Overview of the role

To lead the health of the company’s balance sheet by ensuring thorough review of every balance sheet GL account and testing it through a substantiation process. Ensure accurate, reliable, and timely book closure every month. Support the audit process. Actively engage with stakeholders to drive ‘good health’ of the balance sheet in compliance with IFRS/IAS and the Al Futtaim Group (AFG) policies.

What you will do

General Ledger reconciliations:

• Improve GL schedules (reconciliations) monthly.
• Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.
• Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
• Review trends, identify patterns & opportunities to strengthen controls.
• Standardize schedules and follow a quality review process.
• Leading with business unit finance teams to discuss findings from GL schedules.
• Follow IFRS/IAS and AFG policies in the accounting process.

Monthly / Yearly books closing:

• Improve the accounting entries based on agreed principles and guidelines.
• Review recurring provision, accruals of expenses and amortization.
• Validate amortization and provision entries.
• Identify and review accounting entries that require reclassification. Post reclassification entries, cost allocations and any other entries required as per standard checklist.
• Lead timely support in preparation of financials and take ownership for delivery.
• Improve and control the checklists and ensure compliance.
• Review gaps in checklist and report new entries/edits to line manager.
• Submit relevant accounting information/data monthly, to facilitate AFG consolidation using the Business Planning and Consolidation (BPC) tool.
• Leading BSS BPC data for the entire Company handled by JH covering every single GL a/c, identify gaps, misses not limited to R2R but covering all Towers.
• Co-ordinate with external auditors and ensure timely submission of documentation and information.

Intercompany accounts monitoring:

• Review related party accounts and identify mismatches.
• Produce actionable insights and share with stake holders.
• Engage with business unit finance teams to drive resolutions.

Skills

equired skills to be successful

• Thorough knowledge of accounting practices in compliance with IFRS/IAS
• Very good understanding of what it takes to prepare financial statements and the ultimate impact of accounting on the income statement, statement of cashflow, and the statement of financial position.
• Ability to analyze financial data using variety tools, including but not limited to MS Excel and Power BI.
• Excellent verbal and written communication skills are a minimum to achieve result-oriented engagement with stakeholders at different levels within the organization.
• Accuracy in everything. To ensure reliability and appropriate actions, accuracy is paramount whether it is accounting or analysis.
• Teamwork in a multicultural work environment is necessary for delivering excellence.

What equips you for the role

• Bachelor’s degree in accountancy/CMA (or similar qualification)
• 8 - 12 years in a similar role with IFRS hands on experience using ERP systems.
• Proven interpersonal skills and is a strong team player.