Accountant | Corporate Services | GBS

Job Requisition ID: 182255

About Al-Futtaim
Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world’s most recognised brands, including Toyota, Lexus, IKEA, ACE and Marks & Spencer. Driven by its purpose to enrich lives and elevate communities, Al-Futtaim focuses on digital innovation, AI, sustainable growth and strategic partnerships, creating long-term value for customers, communities and partners while building a responsible legacy for future generations.

Overview Of The Role:

• The Accountant role is pivotal in ensuring seamless financial controlling and management for IKEA in UAE, Qatar, and Oman. The role encompasses managing accounting operations through SAP and Navision systems to support trading activities. Success in this role demands collaboration with various stakeholders including stores, business functions, suppliers, and external entities to ensure compliance and efficient reporting. The focus is on managing sales, purchase postings, accounts payable, and inter-company transactions while upholding stringent internal controls and policies.

What You Will Do:

Sales & Collection Entries Booking

• Coordinate with the Cash office team on open cash collection summary statements for stores, central unit, and restaurants daily.

• Support Cash office team in resolving system issues, in coordination with IKEA IT Team.

• Monitor cash collection reconciliation reports regularly.

• Reconcile collection summary at month-end in Navision, ensuring accuracy and share entries with respective R2R & O2C teams for posting.

• Follow up and coordinate with stores and IFB Cash office teams for daily posting of cash collection summary statements.

• Resolve sales reconciliation variances promptly, in coordination with IT team.

• Prepare monthly GL schedules.

Purchase Posting & Reconciliation

• Facilitate purchase postings in Navision and upload purchases in SAP.

• Check purchase entries for consistency between Navision and SAP.

• Coordinate with Store In-store Logistics Team to clarify variances.

• Monitor General Ledger accounts monthly between Navision and SAP for accurate booking of purchase entries.

Accounts Payable

• Coordinate with Shared Service AP team to reconcile vendor-related control GL accounts.

• Review vendor reconciliation monthly.

• Manage and coordinate utility and other adhoc payments with concerned departments.

Internal Controls and Policies

• Ensure compliance with group accounting and financial policy.

• Work with respective teams to handle VAT compliance consistently.

• Maintain internal controls.

Inter-Company Movements (ICM)

• Generate inter-company reports regularly.

• Follow up on pending invoices and accept ICMs.

• Coordinate with inter-companies to clear pending ICMs.

• Maintain updated ICM pending report.

Required Skills To Be Successful:

• Proficiency in SAP or similar ERP software.

• Strong attention to detail and accuracy in financial management.

• Effective communication skills for stakeholder collaboration.

• Analytical skills for problem-solving and variance analysis.

What Qualifies You For The Role:

• Minimum Bachelor's degree in finance.

• At least 3 years of experience as Accounts Executive or Accounts Assistant.

• Experience in tax accounting is advantageous.

• Proficiency in Excel and MS Office packages.

• Knowledge of accounting software packages, preferably ERP systems like SAP.
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