Assistant General Manager

Full Time

Al Futtaim Private Company LLC

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.

Job Role:
To play pivotal role in preparation and presentation of accurate and timely audited financial statements, review impairment assessments, ensure compliance with IFRS and corporate Income tax reporting, pre and post-acquisition related work on PPA, accounting and reporting integration and oversee the audit of individual financial statements.

Work with IT, FSSC and Division Controlling for data validation checks and templates to ensure data integrity throughout the consolidation process, flagging inconsistencies for review.
Work closely with FSSC, divisional control and oversee the accounting and reporting for statutory financial statements and audit.
Work with P&C on new/changes to IFRS and disclosure requirements and develop accounting examples, guidance notes, policies, process flows and SOP’s to test and implement requirements.
Conduct analysis of the consolidation accounting processes to identify areas suitable for automation and improvement.
Generate reports and dashboards to provide insights into the consolidated financial results.
Maintain documentation of automation processes, including workflows, configurations, for audit and reference purposes.
Provide training and support for adoption of automation processes.
Quarterly consolidation of Group results and reporting
Work with FSSC, Divisional Controlling and Group tax to ensure completeness of documentation of consolidation adjustments for tax purposes.

Conduct financial analysis of group results (statutory and tax), identifying trends, variances, and opportunities for improvement in reporting.
Coordinate the external audit process, working closely with auditors to provide required information and resolve audit findings promptly.
Create templates and processes to identify and resolve data in consistencies and anomalies at individual/consolidated financial statement.
Continuously assess and improve group reporting and control processes to enhance efficiency and accuracy.
Work with divisions to conduct regular assessments of the Group’s assets, including tangible assets like property, plant, and equipment, as well as intangible assets such as goodwill, brands, distribution rights, patents, and trademarks.
Review and challenge key assumptions used in impairment assessments, ensuring they are reasonable and supported by evidence.
Review submissions with divisions, summarise group level impact, ensure consistency and compliance with Group policies and IFRS requirements.
Prepare detailed documentation of the impairment assessment process, including assumptions made, valuation methodologies employed, and conclusions reached.
Work with division to identify potential impairment risks and report.
Work closely with corporate finance on WACC rates, circulation with divisions, clearance with auditors and ensuring compliance with group requirements.
Business acquisition support, integration and consolidation

Collaborate with division and cross-functional teams to address financial integration challenges.
Individual Financial Statements audit and reporting

Support on the accounting and financial reporting of business acquisitions, due diligence, purchase price allocation, and fair value assessments.
Ensure accurate and timely recognition of acquired assets, liabilities, goodwill and other intangible assets.
Oversee the consolidation of financial statements for multiple entities within the organization, ensuring compliance with IFRS 3 Business Combination.
Provide support and expertise during the integration of newly acquired businesses into the organization.

Track, review, report on the progress of individual financial statement audit.
Prepare template masters for financial statement automation project.
Work with FSSC and Divisional controlling to resolve audit queries, quality of documents submitted for FS sign-off and timely completion of annual audit.


To interpret financial data
Identify trends and knowledge of financial regulations and compliance with IFRS
Proficiency in using data analysis tools and software (Power BI, financial modeling, familiarity with SAP and BPC, attention to detail
Analytical and research skills
IFRS and reporting requirements
Familiarity with SAP and BPC systems
Good project management and execution skills
Strong financial reporting expertise
Understanding of consolidation accounting
Ability to coordinate and manage external audits and address audit findings
Strong analytical and research skills

What equips you for the role
Overall 7-10 years in accounting, finance with 3 to 4 years in similar role, big 4 experience preferred
Chartered Accountant or equivalent