No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You'll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Al-Futtaim IKEA

GROWING TOGETHER…

We are a values-driven company with a passion for life at home. Our vision is to create a better everyday life for the many people.

We believe in discovering and developing the talent in each of us and we offer positions that challenge your skills and inspire you to grow.

Al-Futtaim IKEA holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates.

About the Job

The Accounts Executive is responsible for working closely with the Accounting team, Stores, Shared Services Finance and Tax department to provide support in managing business requirement on daily basis relating to smooth running of the business. You will ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports.

Your Assignment

General Ledger (G/L) Scrutiny

• Constantly monitor and maintain the book of accounts (G/L, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports
• G/L schedules - scrutinize and prepare G/L schedules for review by line manager

MIS and Reporting

• Monitor variances versus budgets and provide detailed MIS reports to other departments
• Ensure compliance with group accounting and financial policy

VAT Documentation & Reconciliation

• Maintain accurate VAT documentation
• Reconciliation of VAT entries between Navision & SAP
• Ensuring accurate VAT filing done on monthly basis

Purchase Booking

• Foreign & Local Vendors Purchase booking in SAP
• Purchase entries to be checked in Navision & booked in SAP
• Coordinating with Store In store Logistics Team on clarifying variance, if any

Inventory

• Prepare analysis on inventory and ageing and monitor stock provisioning
• Track GL accounts for provisions for merchandise clearing and monitor add on load factor rates used
• Monthly booking of inventory related entries between Navision & SAP
• Maintaining of Inventory movement records and documentation pertaining to each Inventory related GL in Navision
• Coordinating with Store In Store Logistics Team for any variance between the Stores & IFB

Month end Sales & Collection Entries Booking

• Coordinating with Cash office on daily basis with regards to Open Cash collection summary statements for Store & Restaurant
• Monitoring Cash Collection Reconciliation Reports on regular basis for Store & Restaurant
• Month End-Reconciling the Collection Summary in Navision, check accuracy and posting the entries to SAP Financials
• Posting other month end provision entries in SAP

Banking & Store Support

• Bank reconciliations to be monitored on regular basis
• Follow up on Cash collection entries done by Cash office team
• Reconciliation of Cash/Card/Forex Clearing A/cs on monthly basis

Accounts Payable

• Coordinate, review and ensure with Shared Service AP team, Vendor related control GL accounts are reconciled and necessary action taken on a continuous basis.

Internal Controls and Policies

• Ensure compliance with group accounting and financial policy
• Work with store teams to handle VAT related compliance all the time in store

Budgeting

• Responsible for monitoring department's budget and expenses and flagging to the Line Manager any variance
• Budget uploads in BPC & SAP

About You

As a person, you have

• Bachelor's degree in finance
• 3-5 years of experience working as Accounts Executives in any reputable organization
• Experience of Tax accounting is an advantage
• Working knowledge of MS Excel and MS office packages
• Knowledge of accounting software package preferably ERP such as SAP & Navision
• Knowledge of Tax filling is an advantage.

Interest? Then please join us for a rewarding career journey!

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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.