Finance Executive I Real Estate I Al Futtaim Engineering and Technologies

Job description / Role

Job Requisition ID: 163365

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 purpose of this role is to efficiently manage and execute critical operational tasks, including job/project creation and modification, amendments, revisions, closures and accurate man-hour posting, customer invoicing, and accounts receivable reconciliation. This role ensures the seamless flow of processes from job initiation to customer account reconciliation, supporting business operations and maintaining financial accuracy and compliance. The successful execution of these tasks is essential for maintaining operational efficiency, enhancing customer satisfaction, and ensuring the timely and accurate financial management of projects.

What you will do:

Responsible for:
- Ensure accurate creation of Project/Job creation, revision/amendments of budget and project closures fulfilling DOA requirements. Reviewing performance reports (project systems) and evaluating them and identifying any irregularities (overrun projects, delayed closure, final accounts settlements).
- Ensure accurate and appropriate cost and revenue budgets are established for jobs created in the system.
- Maintain thorough and organized records of all contractual documents.
- Ensure all financial documentation is complete, accurate, and up to date.
- Maintain accurate records of the general ledger and track all assets, including current and non-current assets (Certified Receivables, Uncertified Receivables, Retention and Advance Recoveries).
- Ensure all job-related financial transactions are accurately recorded and tracked (SAP).
- Review and process client invoices for projects, identifying irregularities in customer account receivables as they age and recognizing revenue monthly.
- Reconcile revenue accounts and ensure all revenue postings are completed for month-end activities.
- Accurately post and manage man-hours for jobs created.
- Co-ordinating with Business Analysts, Finance Shared Service Center (FSSC) and Operational team to ensure Revenue recognition and Customer invoice are one in timely manner.
- Liaising with Accounting Manager and Group Tax team for month end and post month end activities.

Behavioural Competencies:
- Strong knowledge of accounting principles and practices.
- Proficiency in SAP PS and MM module.
- Excellent analytical and problem-solving skills.
- Attention to detail and high level of accuracy.
- Strong organizational and time management skills.
- Effective communication and interpersonal skills.
- Ability to work independently and as part of a team.

What equips you for the role:

Minimum Qualifications and Knowledge:
- Bachelor's degree in accounting, Finance, or a related field.
- Certified Management Accountant (CMA) or Certified Public Accountant (CPA) qualification is required.

Minimum Experience:

- 6-8 years of experience in Accounts and Finance Functions, Proven experience with SAP is essential (AR-AP and reporting knowledge).

About Al-Futtaim Engineering & Technologies
Al-Futtaim Engineering & Technologies offers customers complete engineering and systems integration solutions.

The Engineering arm operates in the UAE, Qatar, Saudi Arabia and Egypt providing a wide variety of products and services from air conditioning, scaffolding and access solutions, elevators and escalators, control and life safety, facilities management, building products, MEP, Energy Management, Technology Infrastructure and Digital Transformation.

The Technologies division provides complete business solutions to large, medium and small customers that include, contact centre solutions, business applications, business intelligence, data management, advanced analytics amongst others. The IT infrastructure portfolio comprises IP telephony, ELV systems, networking solutions, professional audio-visual solutions and managed services.

These solutions are further complemented by services that include project management, installation, testing, commissioning and after-sales maintenance contracts.

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.