Financial Controlling Manager | Retail
by Al Futtaim in Retail
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.