JOB DESCRIPTION / ROLE
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
The Controlling Analyst I2P required to coordinate and liaise with internal and external parties to facilitate transaction related clarifications. Additionally, the individual is required to initiate and participate in continuous process improvement initiatives within the function.
The Jobholder will support in performing activities on the Procure to Pay process.
- Invoice Management
- Vendor Management
- Month End Reconciliations
- Travel and Expenses
What you will do
Procure-to-Pay (P2P)
Invoice processing for foreign trade, local trade, non-trade
- Validate, approve, and post invoices
- Manage exceptions follow up
- Generate payment file
- Verify payments processed
- Record and reverse accrual
- Support invoices inquiries
- Close accounts payable
Vendor master data management and maintenance
- Create/ modify vendor master data
- Review vendor master data database
Month end reconciliations
- Perform and review month-end reconciliations relating to Accounts payable
Travel and expenses/ staff claim
- Validate claims and supporting documents
- Post claims
- Perform clearing
- Manage exception follow up
- Perform settlement clearing against bank payment
Reporting and other general duties
- Operate the shared service ticketing and other platforms to create, monitor and manage ticket handling for service request submitted to the APSSC for completion
- Generate report such as aging report and support audit activities
- Participate in service improvement initiatives
Required Skills to be successful
- Timeline driven
- Detail-oriented and reliable
- Problem solver, with a continuous improvement mindset
- Well-versed in international and local accounting requirements and regulations
- Ability to respond flexibly and empathetically to customer needs, managing their expectations effectively
Requirements:
Minimum Qualification and KnowledgeEducation : Degree in Accounting/ Finance/ Business (or any other related fields)
- Knowledge in IFRS / MFRS / other local regulations
- Audit background is preferred
- Certified Chartered Accountant is preferred
Minimum Experience
Minimum of 1-2 years of experience in finance-related functions
- Knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, Access, Outlook)
- Demonstrated ability to work effectively in a multi-national organization
Behavioral Competencies
- Ability to work independently and with a team
- Able to adapt to a fast-changing environment
- Good analytical and communication skills
- Ability to multi-task
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...
ABOUT THE COMPANY
Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.
The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.
The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.