FP&A Manager - Malls | Real Estate | Shared Services

Job Requisition ID: 164971 

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
FP&A Manager will support the Malls businesses, focusing on strategic decision-making, financial planning, budgeting, and reporting. They will collaborate with cross-functional teams, Regional, and Group Finance to ensure financial alignment. Acting as a business co-pilot, they will assist the Financial Controller in daily operations, strategic planning, and monthly reviews. The ideal candidate is commercially and process-oriented, detail-focused, compliant with policies, and skilled in real estate and Egypt-specific accounting standards.

What you will do

Financial Reporting & Analysis:

• Work with the various finance teams to deliver accurate monthly accounting close and balance sheet integrity through close monitoring and analysis of accounts.
• Compile monthly reporting packages to support CFC business reviews.
• Review monthly closing procedures and accrual bookings for accuracy (Pre-Close, During Close and Post-Close). 
• Conduct and present a detailed financial analysis of the different financial cycles (i.e. sales, leasing, working capital, loans,..etc) to the management and ensure that any actions driven by the findings take place. 

Budgeting & Planning:

• Advise on CFC projects funding and establish control mechanism of cash flow.  Coordinate with Treasury on the management and operation of projects financing.
• Support the development of the annual budget, including the P&L, balance sheet, and 5 Year strategic plan.
• Prepare rolling forecasts for projects, incorporating new information and adjustments as needed.
• Develop cash flow forecasts for the entire project, reflecting surpluses or funding needs based on the development plan.
• Support the Financial strategic direction of the CFC RESICOMM business through monthly review and variance reporting and improvement initiatives.
• Monitor the economy across the region with a focus on Egypt retail properties and advise the business on updates, risks and opportunities.
• Develop reports and schedules as required for external and internal purposes to ensure that any business decision is backed up with the right financial data.
• Implement and maintain budgetary controls over operating expenses and capital expenditures.

Business Support:

• Review Lease Agreement Forms and analyze RESICOMM lease revenue and debt reports.
• Act as primary liaison across CFC Business Teams, Local & Regional Finance, Group Finance, and Auditors.
• Lead finance improvement projects, focusing on reporting automation and process enhancements. 

Required Skills to be successful

• Minimum of 7 years of experience in the field of Finance and Accounting, out of which a minimum of 3 years in the Real Estate industry. 
• Experience in Real Estate / Construction / Project Management industries will be preferred. 

What equips you for the role

• Post-graduate degree in commerce / accounting / finance. 
• Knowledge of management reporting, automation and accounting systems is necessary.
• Accounting / Finance qualification (CPA, CA, CMA, ACCA, CFA, CIMA), MBA is a plus
• Knowledge of ERP Financial Software is necessary; SAP and Yardi expertise will be preferred.

About Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years. 
Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.