Financial Control Manager

About Al-Futtaim

Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world’s most recognised brands, including Toyota, Lexus, IKEA, ACE and Marks & Spencer. Driven by its purpose to enrich lives and elevate communities, Al-Futtaim focuses on digital innovation, AI, sustainable growth and strategic partnerships, creating long-term value for customers, communities and partners while building a responsible legacy for future generations.

Overview of the role

As the Financial Control Manager in Al Futtaim Retail Head Office, you will lead Central Retail Controlling tasks while complying with the organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks.

What you will do

Ensure compliance with transfer pricing transactions, balance sheet / high risk accounts review considering multiple inter-company transactions which are in conjunction with finance controls along with weekly / monthly reporting in line with organization requirements.

Enhance month end closing reviews and timeline management with various stakeholders and support on balance sheet reviews, closed business active clean up, misstatement proactive reviews and addressing fixes.

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.

Proper implementation and ongoing compliance with IFRS 16 accounting standards for lease accounting and PPE, including tracking, updating and monitoring reinstatement provisions and providing timely financial reporting and analysis wherever required.

Oversee and monitor critical areas such as store insurances, gift voucher / promotion management, Blue Loyalty Program, cost allocations and inter company transactions.

Ensure compliance with corporate income tax regulations, including preparation and documentation, and any other required filings. Assist in tax planning activities, including identifying opportunities for tax optimization, minimizing liabilities, and ensuring compliance with applicable tax laws and regulations.

Prepare and lead presentations with cross team / functional stakeholders on monthly and adhoc basis.

Contribute to improvement , identify accounting and financial issues and suggest timely solutions within the team and cross function with an aim to standardize accounting process (FSSC, O2C, Group Tax, Group Finance, P&C etc).

Collaborate and lead discussions with external and internal auditors during audits, ensuring that all information is accurately reported and compliant with IFRS / policy requirements.

Initiate, establish and support AI initiatives within the team to optimize automation and address current / future automation opportunities.

What qualifies you for the role

Bachelor's degree in Accounting, Finance, Commerce, or a related discipline. Professional qualification such as CA, ACCA, CPA, or CIMA is highly preferred.

6-8 years of progressive experience in financial control, financial reporting, audit, or retail finance within a large, complex organization. Familiarity with ERP systems, preferably SAP, and exposure to SAP BW/BPC/SAC.

Strong knowledge of IFRS standards, particularly IFRS 15 (Revenue Recognition), IFRS 16 (Lease Accounting), and fixed asset accounting.

Experience in developing automation initiatives using Power BI, Power Automate, AI tools, RPA, or other digital finance solutions is highly desirable.

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