Egypt Job Openings
Al-Futtaim
Finance Manager - Process & Controls
Cairo
October 28, 2024
Job Requisition ID: 164705
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 A”rab 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 organisation 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:
In this role, we are seeking a Finance Manager to ensure financial integrity and compliance within our operations. This role involves overseeing financial systems, maintaining internal controls, and ensuring accurate balance sheet accounts. The Finance Manager will collaborate with cross-functional teams and the Financial Controller to align financial operations with corporate goals.
Key responsibilities include implementing policies, maintaining ERP records, strengthening internal controls, and reviewing financial requests. The ideal candidate should be commercially minded, process-oriented, and possess strong leadership skills, with a solid understanding of accounting standards and Egyptian real estate laws.
What you will do:
Required Skills to be successful:
Minimum of 7 years of experience in the field of Finance and Accounting, out of which a minimum of 3 years in the Real Estate industry.
What equips you for the role:
Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
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 A”rab 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 organisation 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:
In this role, we are seeking a Finance Manager to ensure financial integrity and compliance within our operations. This role involves overseeing financial systems, maintaining internal controls, and ensuring accurate balance sheet accounts. The Finance Manager will collaborate with cross-functional teams and the Financial Controller to align financial operations with corporate goals.
Key responsibilities include implementing policies, maintaining ERP records, strengthening internal controls, and reviewing financial requests. The ideal candidate should be commercially minded, process-oriented, and possess strong leadership skills, with a solid understanding of accounting standards and Egyptian real estate laws.
What you will do:
- Support in the development and review of the accounting policies and procedures to meet the specific requirements of the real estate business.
- Conduct impact assessments of emerging accounting standards and ensure their consistent application across the CFC business.
- Provide expert opinion and interpretation of accounting policies and support in making complex accounting judgements.
- Implement Al Futtaim financial control framework and standards for CFC
- Monitor compliance with the framework and standards across all CFX business units.
- Drive process improvement initiatives to enhance efficiency and automation in accounting and finance processes.
- Lead the development and deployment of systems that has interface points with SAP across CFC.
- Support the rationalization of legal entities and SAP entities.
- Review monthly closing procedures and accrual bookings for accuracy (Pre-Close, During Close and Post-Close).
- Ensure the accuracy and substantiation of all the trial balance accounts by ensuring that all the balance sheet accounts are having high quality supports and schedules; Balance Sheet Substantiations.
- Lead periodic reviews of intercompany reconciliations.
- Lead the CFC consolidation and support the divisional system consolidation and oversee the closing and posting process.
- Coordinate with Regional Finance, Internal Audit to add all internal and external audit assignments.
- Review and approve financial master data.
Required Skills to be successful:
Minimum of 7 years of experience in the field of Finance and Accounting, out of which a minimum of 3 years in the Real Estate industry.
What equips you for the role:
- Post-graduate degree in commerce / accounting / finance.
- Knowledge of management reporting, automation and accounting systems is necessary.
- Accounting / Finance qualification (CPA, CA, CMA, ACCA, CFA, CIMA), MBA is a plus.
- Knowledge of ERP Financial Software is necessary; SAP and Yardi expertise will be preferred.
- Well-versed in EAS/IAS / IFRS.
- Well-versed in preparation of Financial Statements.
- Knowledge of Egypt Real Estate Laws, Guidelines, and directives is a desired skill.
Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
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