Manager - Finance
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Key skills for this role
About the Role
Majid Al Futtaim is seeking a Manager - Finance (GL) to oversee general ledger accounts for hypermarkets and supermarkets in the UAE. The role requires a Bachelor's degree in Finance or Commerce, 6+ years in Finance with a managerial role, and 2+ years in retail.
Key Skills for This Role
Responsibilities
- Set appropriate control mechanisms to ensure budget compliance and take corrective measures when necessary
- Develop and implement control mechanisms to ensure accuracy of accounts and align them with group guidelines and international standards
- Ensure accuracy of all G/L accounts and that all payments and provisions are booked correctly and timely
- Ensure all intercompany reconciliations are done correctly and on time
- Lead the process of closing annual accounts balances in coordination with concerned customers and suppliers
- Coordinate with external auditors by providing required financial information and solving accounting non compliances
- Work closely with other department heads to understand concerns and support with best practice solution proposals
- Monitor allocated budget to ensure compliance and take corrective measures when necessary
- Responsible for overall cost reduction of general expenses within the country
- Recommend improvements to departmental policy and implement procedures and controls covering all areas of finance function
Requirements
- Bachelor degree in Finance or Commerce
- 6+ years in a Finance department and a Managerial role
- 2+ years in the retail business
- MBA in the same field preferred
Full Job Posting
Role Summary
- The Manager Finance (GL) is responsible for overseeing the general ledger accounts for all hypermarkets and supermarkets within the country and controlling the accuracy of the same in strict compliance with the finance policies and procedures of the company and international accounting standards.
ROLE PROFILE
- Set appropriate control mechanisms to ensure budget compliance and takes corrective measures when necessary.
- Develop and implement control mechanisms to ensure accuracy of the accounts and align them with group guidelines / policies and international standards.
- Ensure the accuracy of all G/L accounts, and that all payments and taken provisions are booked correctly and timely as per agreements or internal policies and procedures.
- Ensure that all intercompany reconciliations are done correctly and on time.
- Lead the process of closing annual accounts balances in coordination with all the concerned customers and suppliers, ensuring a complete and accurate closing.
- Coordinate with external auditors, by providing them with the required financial information requested during audits, and solving any accounting non compliances observed.
- Work closely with other department heads to understand their concerns and support with best practise solution proposals.
- Monitor allocated budget to ensure compliance and take corrective measures when necessary.
- Responsible for the overall cost reduction of general expenses within the country, proposing and reviewing cost reducing activities and monitoring the effectiveness of the implemented solutions.
- Recommend improvements to departmental policy and implement procedures and controls covering all areas of finance function, so that all relevant procedural/ legislative requirements are fulfilled while delivering quality, cost effective service to customers.
Requirements
- Bachelor degree Finance or Commerce.
- MBA in the same field preferred.
- 6+ years in a Finance department and a Managerial rol.
- 2+ years in the retail business.
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