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Finance Manager - Fixed Assets

Today 2025/05/18
Full Time Employee
500 Employees or more · Retail & Wholesale

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Job Description

What you will do:

  • 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 Real Estate Development needs to ensure that any actions driven by the findings take place.
  • Fixed Asset Management
  • Review monthly closing procedures and accrual bookings for accuracy (Pre-Close, During Close and Post-Close).
  • Ensure the accuracy and substantiation of fixed asset balances.
  • Monitor project performance against approved budgets and identify potential variances.
  • Capitalize completed fixed asset projects.
  • Ensure compliance with fixed asset policies and procedures.
  • Assist management with the handover of completed projects from asset development to asset management teams.
  • Advise on CFC projects funding and establish control mechanism of cash flow. Coordinate with Treasury on the management and operation of projects financing.
  • Monitor the economy across the region with a focus on Egypt Real Estate Development and advise the business on updates, risks, and opportunities.
  • Business Support
  • Primary interface between Real Estate Development Business Teams, Local Finance team, Shared Services Finance, Regional Finance, Group Finance, Internal and External Audit, and internal management in managing CFC finance operations related to fixed assets.
  • Support the finance improvement projects, particularly in relation to reporting automation, system implementation and process improvements.
  • Review all the relevant internal notes, Purchase Requisitions, and request for approvals for Capital Expenditures and ensure that they are in line with the DOA and budgets.
  • Ensure that all future development capital expenditures (Capex) are raised and requested through PMWeb.

 

Skills

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.

 

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.
  • Well-versed in EAS/IAS/IFRS.
  • Well-versed in preparation of Financial Statements.
  • Knowledge of Egypt Real Estate Laws, Guidelines, and directives is a desired skill.


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Al Futtaim Group logo
Al Futtaim Group
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Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates. Structured into six divisions; automotive, retail, electronics, engineering and technology, real estate, financial services and general services, Al-Futtaim operates through more than 60 companies and maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance. Employing in excess of 20,000 people across the UAE, Bahrain, Kuwait, Qatar, Oman, Egypt, Syria, Pakistan, Singapore and Europe, this approach benefits employees, providing a clearly defined work culture where individuals are empowered with authority and responsibility for their work. The success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility. The majority of businesses, built on a portfolio of world leading brands, dominate their sector.

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