Assistant Manager - Finance Control I Real Estate I Finance

About This Role

Job Requisition ID: 176451

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

Overview Of The Role:

• The Assistant Manager AFGRE is responsible for managing the finance function for entities within the Real Estate Group. This includes preparation of balance sheets, cashflow budgets, quarterly forecasts, and month-end management reports. The role demands a hands-on approach to financial reporting, requiring expertise in IFRS. The successful candidate will independently manage month-end closings and reconciliations, ensuring accurate financial representation and transparency, while also collaborating with internal stakeholders and external auditors.

What You Will Do: Financial Systems Management

• Manage and control various financial and accounting systems and procedures of the Real Estate division with adherence to internationally accepted standards.
• Monitor internal controls to ensure financial stability, transparency, and accuracy.

Decision Making and Business Planning Support

• Assist department heads in decision making, strategic business planning, and monthly business reviews.
• Contribute to the strategic implementation of operational strategy through reviews and variance reporting, recommending improvement initiatives.

Month-End Process and Financial Reporting

• Support month-end close processes including accrual entries, revenue recognition, expense reporting, account reconciliation, and management accounts production.
• Independently handle financial reporting including preparation and finalisation of financial statements in accordance with IFRS.
• Act as a point of contact with external auditors and manage statutory audits.

Internal and External Collaboration

• Provide financial support to internal customers such as Real Estate business team, HR & Group Treasury and Corporate Finance.
• Coordinate with external auditors, ensuring audit reports and schedules are provided timely.

Quality Control and Process Improvement

• Contribute in initiatives for process development, mapping, system automation, and policy drafting and implementation.
• Ensure timely completion of audit-related tasks and accurate preparation of statutory financial statements.

Required Skills To Be Successful:

• Proficiency in financial management reporting and accounting systems.
• Strong decision-making skills for strategic business planning.
• Effective communication with internal and external stakeholders.
• Ability to work under pressure and manage multiple deadlines.

What Qualifies You For The Role:

• An undergraduate degree in accounting or finance.
• Qualified accountant; CA or ACCA certification required.
• 4 to 6 years of experience in Finance and Accounting, with at least 2 years in the Real Estate industry.
• Proficiency in ERP Financial Software, with preferred expertise in SAP4Hana.
• Strong knowledge of IFRS and preparation of financial statements.
• Understanding of Dubai Real Estate Laws, Guidelines, and directives.

About Al-Futtaim Group Real Estate The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.

Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.

AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.