Website Al-Futtaim
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. Al-Futtaim operates through more than 65 companies across sectors as diverse as commerce, industry and services, and employs in excess of 20,000 people across the UAE, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, Egypt, Pakistan, Sri Lanka, Syria, Singapore and Europe.
UAEN Finance Executive | Retail | IKEA RSO
Date: 20 Sep 2024
Location: AE
Company: Al Futtaim Private Company LLC
Job Requisition ID: 164185
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
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
- 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 schedules.
MIS
- Reporting: prepare various reports for all stores (sales, performance, FLASH, management meeting pack, etc) and submit to management for review & action
- Month end BPC upload
- Prepare IKEA Specific weekly & monthly reports.
Monthly closure of books
- Reviewing expenses accounts for the month and passing necessary accrual entries and maintaining accrual schedules.
Inventory
- Reconciliation of inventory entries between Navision & SAP
- Monitoring of Costing Load Factor of both Store & IFB
- Stock provision analysis on monthly basis in line with the financial policy
Capex
- A Point of contact for stores for Maintenance requisition/contracts and capital expenditure requisitions approvals and forward the same to stores after obtaining necessary approvals at service office.
- Updating capital expenditure cost by project and keeping track of payments
- Pre-opening cost track sheet to be maintained & monthly updated reports to be forwarded to the concerned Project Head.
Budgeting
- Support the finance manager in building up the budget and secure that the annual goal-setting process is working
- Supporting the business goal-setting process that leads up to the defined budgets for each department
- Support departments understanding of budgeting process and how it influences the motivation in the organisation
- Responsible for monitoring department’s budget and expenses and flagging to the Finance manager any discrepancies
- Budget uploads in BPC & SAP
Regional Support
- Support with the Regional Expansion Plans whenever necessary including planning and pre-opening phases
- Support with improving current ways of working and business practices
Required Skills to be successful
- Exceptional creativity and innovative design skills
- Excellent communication and presentation skills
- Organizational and time-management skills for meeting deadlines in a fast-paced environment
What equips you for the role
- A Bachelor’s Degree minimum required
- Must have at least 1 years’ experience in a Finance function
- A university degree in Business Administration or Finance or relevant job experience from several years in finance department in a large-scale retail operation
- Desirable to have detailed know how of the IKEA Concept in order to implement the IKEA Concept
- Excellent mathematical and numerical & analytical skills
- Excellent Excel and Microsoft skills
- Proactive approach to issues.
About Al-Futtaim Retail
Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer’s in both regions with over 75 stores offering both fashion & food options.
Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference…
To apply for this job please visit www.afuturewithus.com.