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Job Description

What you will do:

  • Support in the development and review of the accounting policies and procedures to meet the specific requirements of the real estate business.
  • Conduct impact assessments of emerging accounting standards and ensure their consistent application across the CFC business.
  • Provide expert opinion and interpretation of accounting policies and support in making complex accounting judgements.
  • Implement Al Futtaim financial control framework and standards for CFC
  • Monitor compliance with the framework and standards across all CFX business units.
  • Drive process improvement initiatives to enhance efficiency and automation in accounting and finance processes.
  • Lead the development and deployment of systems that has interface points with SAP across CFC.
  • Support the rationalization of legal entities and SAP entities.
  • Review monthly closing procedures and accrual bookings for accuracy (Pre-Close, During Close and Post-Close).
  • Ensure the accuracy and substantiation of all the trial balance accounts by ensuring that all the balance sheet accounts are having high quality supports and schedules; Balance Sheet Substantiations.
  • Lead periodic reviews of intercompany reconciliations.
  • Lead the CFC consolidation and support the divisional system consolidation and oversee the closing and posting process.
  • Coordinate with Regional Finance, Internal Audit to add all internal and external audit assignments.
  • Review and approve financial master data.


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
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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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