Company: Al-Futtaim Corporate Services
Overview of the Role
The Statutory Accounting Manager is a key role within the Finance Shared Service Center, responsible for overseeing statutory financial reporting, ensuring compliance with IFRS and local GAAP, and maintaining strong financial governance across assigned legal entities.
This role leads statutory reporting activities end to end, reviews complex accounting matters, manages audit and regulatory requirements, and provides guidance and oversight to senior accountants. The Manager works closely with internal finance teams, auditors, and business stakeholders to ensure accurate, timely, and compliant financial reporting while continuously improving processes and controls.
What You Will Do
Statutory Financial Reporting
- Own the end-to-end statutory reporting process for assigned entities.
- Review Trial Balances extracted from SAP and ensure accuracy, completeness, and compliance.
- Oversee TB mapping to financial statements in line with IFRS, local GAAP, statutory requirements, and group accounting policies.
- Review and approve full statutory financial statements, including disclosures and supporting schedules.
- Ensure timely submission of quarterly and annual statutory financial reports to relevant authorities.
- Act as the primary point of contact for external auditors and regulators, leading audit discussions and resolving accounting matters.
SAP Financial Systems and Data Integrity
- Ensure strong governance and controls over SAP financial data used for statutory and audit reporting.
- Review complex SAP reports, reconciliations, and audit tie-outs to ensure alignment with the general ledger and sub-ledgers.
- Drive improvements in data quality, reporting accuracy, and audit readiness.
- Support auditors with clear SAP extracts, explanations, and documentation.
General Ledger Oversight and Financial Controls
- Oversee monthly general ledger reconciliations, ensuring quality, consistency, and meaningful analysis.
- Identify accounting risks, control gaps, and process inefficiencies and lead corrective actions.
- Ensure compliance with IFRS/IAS and Al-Futtaim Group accounting policies.
- Partner with business unit finance teams to resolve issues and align on accounting treatments
Month-End, Year-End and Group Reporting
- Lead month-end and year-end close activities related to statutory reporting.
- Review significant accounting entries, reclassifications, provisions, and adjustments.
- Ensure accurate and timely submissions to Group consolidation through the BPC tool.
- Coordinate audit timelines, deliverables, and closure with internal and external stakeholders.
Intercompany, Stakeholder Management and Team Leadership
- Oversee intercompany and related party accounting and ensure timely resolution of discrepancies.
- Work closely with regional and business unit finance teams to resolve complex intercompany issues.
- Review the work of senior accountants, providing technical guidance, coaching, and quality oversight.
- Contribute to shared service initiatives, standardization, and continuous improvement projects.
Required Skills to Be Successful
- Strong technical accounting knowledge with solid IFRS/IAS experience.
- Proven ability to review and interpret complex financial statements.
- Strong analytical and problem-solving skills.
- Effective communication and stakeholder management skills.
- High attention to detail with a strong control mindset.
- Ability to work effectively in a fast-paced, multicultural environment.
What Qualifies You for the Role
- Bachelor's degree in Accounting, Finance, or a related field.
- 710 years of progressive accounting experience, including statutory reporting and audit exposure.
- Strong experience working with ERP systems, preferably SAP.
- Mandatory external audit experience.
- Previous experience reviewing or leading the work of senior accountants.
