Senior Accountant - R2R | Finance Shared Service Center | Corporate Services

Overview of the role

To protect the health of the company\xe2\x80\x99s balance sheet by ensuring thorough review of every balance sheet GL account and testing it through a substantiation process. Ensure accurate, reliable, and timely book closure every month. Support the audit process. Actively engage with stakeholders to drive \xe2\x80\x98good health\xe2\x80\x99 of the balance sheet in compliance with IFRS/IAS and the Al Futtaim Group (AFG) policies.

What you will do

General Ledger reconciliations

• Prepare GL schedules (reconciliations) monthly.
• Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.
• Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
• Review trends, identify patterns & opportunities to strengthen controls.
• Standardize schedules and follow a quality review process.
• Engage with business unit finance teams to discuss findings from GL schedules.
• Follow IFRS/IAS and AFG policies in the accounting process

Monthly / Yearly books closing

• Post accounting entries based on agreed principles and guidelines.
• Review recurring provision, accruals of expenses and amortization.
• Identify gaps in provisions and accruals
• Validate amortization and provision entries.
• Identify and post accounting entries that require reclassification. Post reclassification entries, cost allocations and any other entries required as per standard checklist.
• Ensure timely support in preparation of financials and take ownership for delivery.
• Follow checklists and ensure compliance.
• Identify gaps in checklist and report new entries/edits to line manager.
• Provide necessary support in weekly stock forecast, posting necessary adjustment entries related to inventory as per agreed guidelines. Post month end stock provision entries based on reports and facilitate comprehensive review.
• Submit relevant accounting information/data monthly, to facilitate AFG consolidation using the Business Planning and Consolidation (BPC) tool.
• Co-ordinate with external auditors and ensure timely submission of documentation and information

Intercompany accounts monitoring

• Review related party accounts and identify mismatches.
• Produce actionable insights and share with stake holders.
• Engage with business unit finance teams to drive resolutions.

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