Finance Executive - Al-Futtaim

Job Requisition ID: 162914

Established in the 1930s as a trading business, AlFuttaim 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. AlFuttaim Group partners with over 200 of the world's most admired and innovative brands. AlFuttaim Group's entrepreneurship and relentless customer focus enable the organization 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, AlFuttaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role:

The Finance Executive ensures accurate job creation, budget management, and closure in SAP. They maintain precise cost and revenue budgets, update them regularly, and keep thorough records of all financial documents. This role involves maintaining the general ledger, tracking assets, and managing customer invoicing processes. The Finance Executive prepares performance reports for management, reconciles revenue accounts, and coordinates with project managers to verify timekeeping records, ensuring efficient financial operations and support for business decision-making.

What you will do:

• Ensure accurate creation of job budget modifications and job closures in SAP.
• Ensure accurate and appropriate cost and revenue budgets are established for jobs created in the system.
• Regularly review and update budgets as necessary, ensuring they reflect current project statuses and financial forecasts.
• Maintain thorough and organized records of all contractual documents, vendor invoices, requisitions, and purchase orders.
• Ensure all financial documentation is complete, accurate, and up to date.
• Maintain accurate records of the general ledger and track all assets, including current and non-current assets, work in progress, and contract liabilities.
• Prepare and review performance reports to provide business insights and support decision-making.
• Present performance reports to management and other stakeholders, highlighting key financial metrics and trends.
• Ensure all job-related financial transactions are accurately recorded and tracked in SAP.
• Manage customer invoicing processes, ensuring accurate and timely billing.
• Reconcile revenue accounts and ensure all revenue postings are completed for month-end activities.
• Accurately post and manage man-hours for jobs created, ensuring all entries are precise and up to date.
• Coordinate with Business Systems and project managers to verify and correct timekeeping records as necessary.

Required skills to be successful:

Behavioural Competencies:

• Strong knowledge of accounting principles and practices.
• Proficiency in SAP and other accounting software.
• Excellent analytical and problem-solving skills.
• Attention to detail and high level of accuracy.
• Strong organizational and time management skills.
• Effective communication and interpersonal skills.
• Ability to work independently and as part of a team.

What equips you for the role:

Minimum Qualifications and Knowledge:

• Bachelor's degree in accounting, finance, or a related field.
• Certified Management Accountant (CMA) or Certified Public Accountant (CPA) qualification is required.

Job-Specific Skills and Minimum Experience:

• 2-3 years of experience in Accounts and Finance Functions. Proven experience with SAP is essential (AR/AP and reporting knowledge).

About AlFuttaim Engineering & Technologies:

AlFuttaim Engineering & Technologies offers customers complete engineering and systems integration solutions. The Engineering arm operates in the UAE, Qatar, Saudi Arabia, and Egypt providing a wide variety of products and services from air conditioning, scaffolding and access solutions, elevators and escalators, control and life safety, facilities management, building products, MEP, Energy Management, Technology Infrastructure, and Digital Transformation. The Technologies division provides complete business solutions to large, medium, and small customers that include contact centre solutions, business applications, business intelligence, data management, advanced analytics, amongst others. The IT infrastructure portfolio comprises IP telephony, ELV systems, networking solutions, professional audiovisual solutions, and managed services. These solutions are further complemented by services that include project management, installation, testing, commissioning, and after-sales maintenance contracts.