Job Requisition ID: 154264
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.
Al-Futtaim Group Finance Shared Service Centre (FSSC) is currently seeking a finance professional to join their team in the capacity of Senior Accountant – O2C.
JOB PURPOSE
As an (O2C) Senior Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks:
This position will be responsible for the following.
Provide daily partnering support to business operations by assisting in O2C activities
Collateral Security Management, which includes PDCs, Bank Guarantees, Security Cheques etc.
Identify, highlight, and expedite timely action to resolve exceptions / interface fallouts by performing review, reconciliation, and substantiation of O2C accounts and reports.
Highlight receivables and overdues position to business to facilitate their follow-up and collection activities
Ensure adequate provision is created for doubtful debts as per company Policy and IFRS standard
Highlight risks and exceptions based on daily review of Collection control accounts and ensure resolution of exceptions within SLA by escalating in a timely manner
Create and maintain various master record for the O2C activities
Perform assigned month end book closing tasks within O2C
Monitor the ongoing automated activities and ensure continuity of daily tasks
Support with resolution of audit requests (Internal and External) within the submission timelines
Identify and support on standardization and improvement initiatives within the O2C function
Manage projects/testing as and when it is required by the department or SBUs
Support colleagues while they are on leave
KEY ACCOUNTABILITIES
Timely O2C partnering support to Business in day-to-day operations
PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold / Postponement etc
Daily collection control account monitoring and exception management
Perform monthly / periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business
Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders
Perform assigned month end book closing tasks within O2C
Computation of Provision for doubtful debts in accordance with Policy
Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes
Manage projects/testing as and when it is required by the department or SBUs
Any other O2C activities assigned from time to time
QUALIFICATIONS, EXPERIENCE, & SKILLS
Education Qualification:
Finance Graduate or Semi-qualified or Qualified or equivalent qualifications
Minimum Experience and Knowledge:
Minimum 2-5 years’ similar experience, with a good knowledge of ERP systems.
Job-Specific/Technical Skills required to complete the tasks:
Good accounting knowledge (IFRS knowledge is preferred)
Analytical as well as Process oriented
Excellent communication skills
Prior working knowledge in ERP systems (ex: SAP)
Knowledge of Excel, Power Point and other Microsoft office tools
Detail-oriented and organized
Behavioral Competencies:
Organization: Must possess the drive to learn, prioritize and manage workload with minimum supervision
Communication: Effectively communicate/liaise with internal/external contacts
Team Player: Should enjoy working in a team and be able to solve problems and resolve issues in an amicable manner
Should have interpersonal and delegation capabilities
Should comply with Al-Futtaim core values: Respect, Integrity, Collaboration and Excellence
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