Al Futtaim
Financial Controlling Manager | Retail
- Permanent
- Dubai, United Arab Emirates
- Experience 5 - 10 yrs
- Urgent
Job expiry date: 18/12/2025
Job overview
Date posted
03/11/2025
Location
Dubai, United Arab Emirates
Salary
AED 20,000 - 30,000 per month
Compensation
Comprehensive package
Experience
5 - 10 yrs
Seniority
Manager
Qualification
Bachelors degree
Expiration date
18/12/2025
Job description
Serve as the Financial Control Manager within Al-Futtaim Retail Head Office to lead Central Retail Controlling tasks in strict adherence to organization policies and procedures, maintaining checks and balances to mitigate risk; ensure compliance with transfer pricing transactions and perform Balance Sheet / High Risk Accounts review across multiple inter-company transactions in conjunction with finance controls with weekly and monthly reporting; ensure intercompany transactions comply with Group Policies and are accepted and settled on time; contribute to process improvement by identifying accounting and financial issues and proposing timely solutions within the team and cross-functionally (FSSC, O2C, Group Tax, Group Finance, P&C) to standardize accounting processes; lead, monitor, and establish SLAs across retail brands covering cost allocations, loyalty program management, revenue recognition (Budget vs. Actuals), true-ups, accruals, and breakage management; facilitate and reduce delays in issuance of store turnover audits/certification across MENA and SEA retail stores from external auditors; establish, monitor, and support decision-making regarding insurance coverage for the retail group including timely premium negotiations and claims recoverability; ensure proper implementation and ongoing compliance with IFRS 16 for lease accounting and PPE, managing and overseeing the lease portfolio so all lease transactions are accounted for in accordance with IFRS 16 and providing timely financial reporting and analysis; track and monitor promotions and gift vouchers across the retail environment; ensure compliance with UAE corporate income tax regulations including preparation, documentation, filings, and support tax planning activities to identify opportunities for tax optimization, minimize liabilities, and maintain compliance; prepare and lead presentations with cross-team/functional stakeholders on a monthly and ad hoc basis; manage petty cash for the Retail Divisional Office with monthly and annual reporting; and collaborate and lead discussions with external and internal auditors to ensure all information is accurately reported and compliant with IFRS and policy requirements.
Required skills
Key responsibilities
- Ensure compliance with transfer pricing transactions and perform Balance Sheet / High Risk Accounts reviews across multiple inter-company transactions aligned with Finance Controls and organizational reporting requirements.
- Ensure intercompany transactions comply with Group Policies and are accepted and settled on a timely basis.
- Identify accounting and financial issues, propose and implement standardized solutions across FSSC, O2C, Group Tax, Group Finance, and P&C to improve processes.
- Lead, monitor, and establish SLAs across retail brands covering cost allocations, loyalty program management, revenue recognition (Budget vs. Actuals and true-ups), accruals, and breakage management.
- Facilitate and reduce delays in issuance of store turnover audits/certifications across MENA and SEA retail stores with external auditors.
- Establish, monitor, and support decision-making regarding insurance coverage for the Retail Group, including premium negotiations and claims recoverability.
- Implement and ensure ongoing compliance with IFRS 16 for lease accounting and PPE, managing the lease portfolio and providing timely financial reporting and analysis.
- Track and monitor promotions and gift vouchers issued across the retail environment.
- Ensure compliance with UAE corporate income tax regulations by preparing documentation and required filings, and assist in tax planning to optimize liabilities while ensuring compliance.
- Prepare and lead monthly and ad hoc presentations with cross-functional stakeholders to support decision-making.
- Manage petty cash for the Retail Divisional Office with comprehensive monthly and annual reporting.
- Collaborate and lead discussions with external and internal auditors during audits to ensure accurate reporting and compliance with IFRS and policy requirements.
Experience & skills
- Bachelor’s degree in Finance, Accounting, or related field.
- Minimum 5 years’ experience in financial controlling or audit, preferably within retail.
- Strong knowledge of IFRS with specific expertise in IFRS 16 lease accounting and PPE.
- Demonstrated experience in transfer pricing compliance and intercompany accounting.
- Proven capability in UAE corporate income tax compliance, preparation, documentation, and filings, with contribution to tax planning.
- Proficiency in financial reporting and ERP systems, including managing weekly/monthly reporting cycles.
- Experience leading SLAs, cost allocations, loyalty program accounting, revenue recognition (Budget vs. Actuals, true-ups), accruals, and breakage management.
- Hands-on experience facilitating store turnover audits/certifications and liaising with external auditors across regions (MENA, SEA).
- Ability to manage insurance coverage frameworks including premium negotiations and claims recoverability.
- Strong analytical, communication, and leadership skills with the ability to work cross-functionally and drive process standardization and improvement.
