Accounts Manager
2 weeks ago
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 A”rab 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.
**Overview of the role**
Al-Futtaim Group Finance team Egypt is currently seeking a finance professional to join their team in the capacity of Accounts Manager.
**What you will do**
1. Releasing Purchase Orders/Purchase Requisitions:
- Ensuring DoA, Budget & Tax compliance for each order as part of release authority
- Implementing PO release strategy in system (Ariba/SAP) and managing changes if any
- Coordinating with function heads, procurement and EIT to ensure smooth operations
2. Processing petty cash payments:
- Processing petty cash payments for AFET/AFII
- Claiming reimbursement as per petty cash policy
- Reviewing petty cash limit once in a year
3. Credit card reconciliation:
- Performing credit card reconciliations
- Claiming regular reimbursements as per policy
- Ensuring sufficient controls are in place
4. Account Receivables management:
- Preparing the billing template, obtaining confirmation on billing from customers and providing the template to FSSC for billing
- Ensuring SLA framework is in place
- Following up with customers for collection
- Regularly reviewing accounts receivables to ensure books are duly updated - liaise with FSSC
- Timely providing required details/documentation to the customers
5. Account Payables management:
- Regularly reviewing accounts payable schedule to ensure no aged advance payments or payables
- Regularly reviewing GR/IR account to ensure timely clearance
- Liaise with FSSC for vendor registration, extension, off-cycle approvals, accounting treatment, etc
6. Bank reconciliation review:
a. Daily review of bank reconciliation statement of all bank accounts
b. Liaising with various teams ensuring all open items get regularized within 3 working days
c. Regular review of bank reconciliation process ensuring completeness and accuracy
7. Monthly book closure in SAP and BPC - provisions etc. inputs as controller, review:
- Regular (at least monthly) review of trial balance ensuring all clearing & control accounts are regularized
- Reviewing monthly schedules prepared by FSSC, liaising with FSSC to clear aged items and irregularities
- Submitting Balance Sheet Substantiation providing clear plan for all Red/Amber items and ensuring action as per plan
- Ensuring best quality of books
8. Preparing budgets & forecasts and upload in BPC and SAP:
- Liaising with various stakeholders and HR team to obtain inputs for budget/forecast
- Preparing budget/forecast as per timelines and submitting with AGM Finance
- Once approved uploading budget/forecast in SAP/BPC
- Sharing final budget with stakeholders for their records
9. Preparing MIS reports:
- Preparing monthly overhead report with variance analysis
- Preparing weekly Accounts Receivables age analysis
- Preparing monthly Accounts Payables age analysis
- Preparing monthly Balance Sheet Substantiation status update
10. Managing taxation matters:
- Review and approve VAT return
- Review and approve WHT return
- Review and approve Corporate Tax return
- Ensuring Tax Compliance for AFET & AFII
- Preparing response for any assessment, appeal proceedings
- Participate in strategic decisions and governance framework
- Identify need and drive timely implementation of system solutions to comply with tax laws
11. Statutory Audit:
- Engage with auditors to agree on audit timelines
- Liaising closely with FSSC and auditors to ensure timely submissions
- Ensuring all audit requirements are closed, IFRS requirements are met and financials are issued timely
- Liaising with legal, HR and other departments to arrange required confirmations, resolutions, etc
- Reviewing financials and submitting with AGM Finance for review and sign-off
**Required skills to be successful**
- Job-Specific/Technical Skills required to complete the tasks: SAP, MS Excel (Advanced)
**About the Team**
- This role reports to the Assistant General Manager FSS (based in Dubai) and will be an individual contributor
**What equips you for the role**
- Education: CA Inter, Masters-in-Commerce or similar
- Minimum Experience and Knowledge: 5 years - Egypt Taxa
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