Job Requisition ID: 171336
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

JOB-SPECIFIC SKILLS:

• Well-versed in IAS / IFRS.
• Well-versed in preparation of Financial Statements.
• Excellent know of MS office tools specially advance excel and power point

Behavioural Competencies :

• Ability to manage expectations of the various stakeholders of the residential portfolio.
• Ability to lead portfolios with constant motivation towards the next level of success.
• Ability to manage time appropriately, communicate effectively with team members and business
• Ability to approach problem solving with simplicity and logic, and to present solutions on financial matters to non-finance professionals.
• Ability to think holistically and understand the chain impact of financial transactions on the overall business.
• Ability to work under pressure without losing control over tasks assigned.

MINIMUM QUALIFICATIONS AND KNOWLEDGE:

• Post-graduate degree in commerce / accounting / finance. Knowledge of management reporting and accounting systems is necessary.
• Knowledge of ERP Financial Software is necessary; SAP expertise will be preferred.
• Real Estate related Certification from Dubai Real Estate Institute. (Real Estate Diploma, or Certification in Professional Owners Association Management), is preferred.

MINIMUM EXPERIENCE:

• Minimum of 8 years of experience in the field of Finance and Accounting, out of which a minimum of 4 years in the Real Estate industry at a financial management position.
• Experience in Real Estate / Construction / Project Management industries will be preferred.

OVERVIEW OF THE ROLE:

the Finance Manager is responsible for Managing the monthly, quarter, yearly and long term reporting requirements of DFC & AFGRE assets. The ideal candidate would be process-oriented, possess excellent staff & task managerial skills, natural leader, pay close attention to detail, ensure compliance with GAAP and have analytical thinking skills. Additionally this role will require knowledge and experience of IFRS.
To manage and control various financial and accounting systems, management accounts and stake holders reports and compliance procedures of the company in accordance with the internationally accepted standard, and monitor its internal control to ensure financial stability and maintain complete transparency and accuracy in the system and reports and enable those reports to support in decision making process.
The Finance Manager will assist the respective AFGRE department heads in the daily operations, decision making, strategic business planning, and monthly management meetings and business reviews

KEY RESPONSIBILITIES

• Responsible for supporting financial controller in creation of audit sign off pack with comprehensive audit schedules which will reconcile with management accounts and supporting head of department in signing off the financial statements as per agreed timeline
• Responsible for preparation of Bridge report, Flash Reports, Business Review and other stake holder reports viz. financial management reports as per agreed time line
• Loan covenant testing for various facilities extended by the banks, calculation of Equity cure for the various entities involved.
• Preparation of direct cash flow reports based on entity, borrower level and at consolidated level and gauge any funding requirements from Parent/Group
• Responsible for yearly budgets, forecast and long term plan are prepared as per agreed timelines with the presentation packs and making sure agreed numbers are uploaded in SAP and BPC with zero error.
• Contribute in the various initiatives of process development & mapping, system automation.
• Effectively lead the Financial Planning & Analysis team by ensuring setting & review of objectives, providing necessary feedback, developing training plans and opportunities and ensuring