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 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.
We are currently seeking an experienced finance professional to join our Finance Shared Service Center team in the capacity of Senior Accountant – I2P
Overview of the role
As an I2P Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the I2P function whilst complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks:
What you will do
- Generating employee Loan report for the geographies FSSC I2P supports and consolidating the loan report and sharing with Data analytics team for GL schedule preparation.
- Reconciling payroll related GL balances employee wise, posting necessary adjustment entries wherever required & clearing GLs. Coordinating with respective team for details and reviewing the payroll GL schedules with respective businesses.
- Processing employee’s Travel settlement payment, final settlement payment, UAE car loan mortgage request for Emiratis.
- Processing Government Pension payment. Generating pension report and reconciling with the payment request received, highlighting any discrepancy found. Raising ICMs wherever required, arranging funds, upload pension payment file bank portal & liaising with signatories for approvals.
- Advising employees’ payroll recoveries, incentives and reimbursement details to HR team & responding to the queries.
- Processing FI payroll run. Generating funds transfer details for all geographies, Liaising with treasury team for funds arrangement, monitoring funds status to ensure sufficient fund availability on payroll value date, & liaising with approvers for payroll file approvals in bank portal. Posting payroll entries wherever applicable.
- Processing employee related payment request outside payroll cycle.
- Salary cheque distribution- Reconciling the physical cheques received v/s HR COS report and disbursing the salary cheques on value date.
- Generating payroll bank account statements and verifying to ensure salary disbursement has been effected successfully. In case of salary rejection, coordinate with HR team for the details and reprocess the payment.
- Passing necessary adjustment entries in finance in case of employee early loan settlement and intimating HR team to update the HR record to ensure the loan balances are matching in HR & FI books.
- Reconciling salary and wages payable GL to ensure the balance is nil before books closing- Generating the report and analyze the differences and passing required entries & accepting ICMs
- Ensuring employee provision balances are transferred from employee’s old entity to the new entity in FI books in the event of employee movement between AFG entities to ensure provisions balances are matching in HR & FI books.
- Emails and queries- Handling all the queries from HR/business/audit/employee
Required skills to be successful
- Timely I2P partnering support to Business in day-to-day operations
- Daily monitor any urgent payments and clearing and highlight discrepancy to Business
- Perform monthly / periodic reconciliation and substantiation of payroll related accounts and highlight exceptions and related risks to the Business
- Make sure monthly payroll done as per schedule date if any issues to be highlighted and resolve with in
- Processed Pension and clear ICM in a timely manner
- Perform assigned month end book closing tasks within I2P
- Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC I2P processes
- Any other I2P activities assigned from time to time
- Handles the queries from Business for advance and forward to concern.
What equips you for the role
- Professional accounting qualification - BBA Finance, BCom, Inter CA, ACCA or equivalent
- Strong core finance technical skills and solid understanding of finance & Accounting Standards (IFRS),
- Excellent Coordination and stakeholder management skills
- 5-7years of well-rounded experience in the field of Accounts payable and have worked in finance
- SAP knowledge will be preferred, prior working knowledge in ERP systems (ex: SAP)
- Analytical as well as Process oriented
- Excellent communication skills
- Knowledge of Excel, Power Point and other Microsoft office tools
- Detail-oriented and organized
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.
For further information, and to apply, please visit our website via the “Apply” button below.
