Assistant Finance Manager I Real Estate I Financial Controlling

at  AlFuttaim

Job Requisition ID: 166239
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

MINIMUM QUALIFICATIONS AND KNOWLEDGE:

ACCA / CA or any other finance related degree

MINIMUM EXPERIENCE AND KNOWLEDGE:

• 3-5 years’ Experience in Financial Reporting, and audit management.
• Big 4 experience is a plus.
• Accounting qualification is a plus
• Previous experience within Real Estate business is a plus.
• Previous experience within Construction and/or Facilities Management business is a plus.
• Involvement in Financial IT systems implementation is a plus.
• Advanced analytical, organization, and interpersonal skills.

OVERVIEW OF THE ROLE:

We are seeking a motivated and detail-oriented Assistant Finance Manager – Regional Controlling to support in overseeing the financial operations and controls of Al Futtaim Real Estate division. This role will play a crucial part in ensuring accurate and timely financial reporting, managing the budgeting and forecasting process for the holding companies, assisting with the implementation of strong financial controls, and managing the external audit process for the holding companies.

RESPONSIBLE FOR:

Financial Reporting & Consolidation:

• Assist the Regional Financial Controller in preparing accurate and timely statutory and management financial reports for the Real Estate division (standalone and consolidated).
• Consolidate financial statements from various legal entities under IFRS guidelines.
• Analyze financial data and prepare detailed reports for management review.
• Support the reconciliation process for intercompany transactions.
• Assist with the implementation and maintenance of financial reporting systems and processes.

Budgeting & Forecasting:

• Develop and manage the budgeting and forecasting process for the Real Estate Holding Companies.
• Collaborate with business units to gather budget inputs and assumptions.
• Analyze historical data, industry trends, and market conditions to create realistic forecasts.
• Monitor variances between actual results and budget/forecast throughout the year.
• Prepare variance analysis reports and recommend corrective actions as needed.

Financial Controls & Risk Management:

• Assist the Regional Financial Controller in implementing and maintaining a robust financial control framework for the Real Estate division.
• Perform ongoing monitoring and testing of internal controls to ensure their effectiveness.
• Participate in the identification and mitigation of financial risks.

Process Optimization & Automation:

• Identify opportunities to streamline and improve financial reporting and consolidation processes.
• Collaborate with IT and other departments to implement process automation solutions.
• Maintain user guides and documentation for financial reporting and budgeting processes.

External Audit Management:

• Coordinate with the external auditors throughout the audit process for the Real Estate Holding Companies.
• Prepare all necessary documentation and information for the audit.
• Respond to auditor inquiries in a timely and comprehensive manner.
• Track and manage audit findings, ensuring timely implementation of corrective actions.
• Work with the Regional Financial Controller to develop and implement recommendations for improvement of internal controls identified during the audit.

Other Responsibilities:

• Assist the Regional Financial Controller with other tasks as assigned.
• Stay up-to-date on relevant accounting standards and regulations.