Accountant | Retail | IKEA RSO Jebel Ali

Job Requisition ID: 166380 

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.

Overview of the role

The Account Executive is responsible for working closely with the accounting team, Stores, SSF and tax department to provide support in managing business requirement on daily basis relating to smooth running of the business

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 & Accounts Payable

• 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 'action-triggering schedules

MIS and Reporting

• Monitor variances versus budgets and provide detailed MIS reports to other departments
• Ensure compliance with group accounting and financial policy

Petty Cash Handling

• Ensure that the RSO petty cash is tracked, maintained & accounted so that it always remains balanced (JH has to issue & maintain petty cash as per company procedures.   Petty Cash must be reconciled on a daily basis to balance the same.  Expense statement must be submitted to APSSC for replenishment)
• Reviewing Store petty cash statements submitted for reimbursement & advises Store cash admin team on the changes to be done, when necessary.  Checks for the Group & VAT compliance

Accounts Payable

• Coordinate, review and ensure with Shared Service AP team, Inventory and AP related control GL accounts are reconciled and necessary action taken on a continuous basis.

Travel

• Analyzing the travel expenses account and maintaining a monthly schedule for the same.

Internal Controls and Policies

• Ensure compliance with group accounting and financial policy
• Work with store teams to handle VAT related compliance all the time in store

LPO Creation

• Create LPOs for Regional Service Office departments as & when required, circulation of ZOPO – Open LPO listing on monthly basis to RSO department heads, follow up on invoice submissions, perform Invoice verification & forward the documents to APSSC for payment process
• Handling of Clearing Accounts
• Work on clearing accounts – Cash, Credit Card, Forex & Other clearing accounts on monthly basis

ICM

• Generating Inter company reports on regular basis, follow up pending invoices & accepting ICMs
• Coordinating with Retail Finance on the pending ICMs

Customer Service

• Ensure that the finance department delivers timely and qualitative information to all departments on all aspects of the business
• Coordinate with vendors on submission of proper invoices towards the VAT recoveries

Required skills to be successful

• Business Acumen and Interest
• Organisational skills and ability to manage deadlines
• Analytical ability

What equips you for the role

• Experience working as Accounts Executives/Accounts Assistant in any reputable organization.
• Experience of Tax accounting is an advantage.
• Working knowledge of excel and MS office packages,
• Knowledge of accounting software package preferably ERP such as SAP.

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.