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.
We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Accountant - TrBOT
Overview of the role
As a member of the Bank reconciliations team you will be supporting the Divisional Finance Controlling teams and the Business Units in ensuring timely reconciliation of the Group’s bank accounts and reporting in relation thereto and also supporting the business units in enhancing customer experience by timely performing the activity of credit confirmations.
What you will do
Receipt of Bank statements and Balance validation
- Ensure all the Bank statements are received in SAP after due follow-up with the banks as required
- In case of delays in receipt of bank statements or where automated receipt of bank statements is not enabled, manually download the statements from online banking platforms.
- In case of Bank statements downloaded manually, ensure that the closing balance of the previous day matches with the opening balance of the current day
Reconciliation of bank accounts
- Run the scheduler to automatically clear open line items where matching references exist.
- Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained
Reporting of open line items
- Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
- Ensuring that any open items that needs investigated at the banks’ end are reported to the banks for investigation and resolution
- Ensuring that any instances of cheque dishonors and amounts debited by bank but not accounted by us are promptly bought to the notice of businesses/other concerned stakeholders
Credit confirmations
- Ensuring that all queries from business teams in relation to deposit of cash or cheques by customers are reviewed and responded after referring to the online banking reports so that timely delivery of goods/services by business teams is ensured
Accounting and Audit
- Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P.
- Supporting internal and external audit processes in relation to bank reconciliations
Required skills to be successful
- Analytical skills
- Process oriented
- Good communication skills
- Exposure to ERP (Preferably SAP)
What equips you for the role
- Professional accounting qualification
- A bachelor’s degree in commerce/financial management/ accountancy
- Minimum 3 years of experience within the bank reconciliations function of a medium to large organization or banks
We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
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