Financial Controlling Manager | Retail

Press Tab to Move to Skip to Content Link Select how often (in days) to receive an alert: 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. The organization’s entrepreneurship and relentless customer focus enable it to continue growing and expanding, responding to the changing needs of its customers within the societies in which it operates.By upholding our values of respect, excellence, collaboration, and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers every day.Overview of the role: As the Financial Control Manager at Al Futtaim Retail Head Office, you will lead Central Retail Controlling tasks, ensuring compliance with organizational policies and procedures, and implementing necessary checks and balances to mitigate risks.What you will do: Ensure compliance with transfer pricing transactions, review of balance sheet/high-risk accounts considering multiple inter-company transactions, in conjunction with finance controls, along with weekly/monthly reporting in line with organizational requirements.Ensure intercompany transactions comply with group policies and are settled promptly.Contribute to process improvements, identify accounting and financial issues, and suggest timely solutions within the team and cross-functionally, aiming to standardize accounting processes (FSSC, O2C, Group Tax, Group Finance, P&C, etc.).Lead, monitor, and establish SLAs across retail brands, including cost allocations, loyalty program management, revenue recognition (budget vs. actuals, true-ups), accruals, and breakage management.Facilitate and reduce delays in issuing store turnover audits/certifications across MENA and SEA retail stores from external auditors.Establish, monitor, and facilitate decision-making regarding insurance coverage for the retail group, including timely premium negotiations and claims recoverability.Ensure proper implementation and ongoing compliance with IFRS 16 lease accounting standards and PPE accounting.Manage, monitor, and oversee the company's lease portfolio, ensuring all lease transactions are accounted for according to IFRS 16, with timely financial reporting and analysis.Track and monitor promotions and gift vouchers issued across the retail environment.Ensure compliance with UAE’s corporate income tax regulations, including preparation, documentation, and other required filings. Assist in tax planning activities to optimize taxes and minimize liabilities.Prepare and lead presentations with cross-team/stakeholder engagement on a monthly and ad hoc basis.Manage petty cash for the retail divisional office, with monthly and annual reporting.Collaborate with and lead discussions with external and internal auditors during audits, ensuring accurate and compliant reporting according to IFRS and policy requirements.What you will need: Bachelor’s degree in Finance, Accounting, or related field.5+ years of experience in financial controlling or auditing, preferably in retail.Strong knowledge of IFRS (especially IFRS 16), transfer pricing, and UAE tax compliance.Excellent analytical, communication, and leadership skills.Proficiency in financial reporting and ERP systems.Detail-oriented, proactive, and capable of working cross-functionally.We’re committed to providing excellent service, and your contribution can help ensure a five-star candidate experience from start to finish.Before you click “apply”: Please read the job description carefully to demonstrate why this opportunity is right for you. Take the time to craft a personalized CV to boost your visibility. Our global Talent Acquisition team members are dedicated to specific businesses to ensure the best matches between talent and opportunities. We consider not only skills and behaviors but also alignment with our values of Respect, Integrity, Collaboration, and Excellence.We aim to support you throughout the application process and review every application diligently. #J-18808-Ljbffr