Record to Report Process Improvement Manager | Corporate Services | Dubai
Al Futtaim Group
Dubai, Dubai, AE
منذ 16 ساعات
source : WHATJOBS

About the Role

This is a key new high impact transformation and continuous improvement role within complex R2R operations in FSSC. The role is responsible for leading and driving end-to-end high impact process improvements, driving system implementation with IT partners.

The role will also implement KPIs and building stakeholder dashboards of the Record to Report (R2R) operations at FSSC. Role is accountable for delivering standardization, optimization and governance for large Record to Report organization of approximately 60+ employees delivering high quality accounting, financial closing and reporting activities for AF Group catering 200+ entities and across 10 different geographies supporting diversified BUs in Automotive, Retail, Real Estate, Construction, Healthcare, Group Services etc.

About the Responsibilities

Process improvements :

Implement efficient Closing process to closely monitor critical R2R closing activities and process dependencies

Support group wide review process of Impairment, reconciliations, Expected Credit Losses (ECL) and others which are havingsignificant impact on BS and PL in coordination with FSSC R2R tower head and Finance controllers

Month end postings Standardization ofAccruals, pre-paid & provisions (across all divisions, implement best practices)

Effective utilization of Project accounting (PS module) in relevant companies

Critically evaluate process to control recording of material transactions and put governance framework to regulate those centrally e.

g. Need of approval, supporting documents etc.

Lead the maintenance of an effective internal control structure ensuring compliance with AFG accounting policies and IFRS

Develop and improve the key performance indicators in R2R operations

Internal / External Governance

Drive pre-closing meetings with R2R tower heads, cross functional tower heads & FCs and track action items (Action Taken Report-ATR)

Automation of key B / S Ageing Reports Debtors, GRIR, ICM, Collection

Governance around open audit issues and follow up on the resolution

Review of closing tracker and drive critical discussions with respective stakeholders

Review and plan action basis Balance Sheet Substantiation

Exception reporting post GL Scrutiny across all R2R companies

Drive audit meetings with R2R tower head, TLs, customers and auditorsduring external audits

Projects and automation

  • Handling group wide R2R projects; to improve the closing and reporting processes e.g.;
  • Fintech tool, Alteryx for GL reconciliation

    Charts of accounts Harmonization

    Automation of key GL schedules

    Auto recon. Of ICM balances

    Design process framework and automation of accounting like recurring accrual booking, fixed set of accounting entries etc.

    Robotic Process Automation (RPA) for fixed asset creations, various program executions like CWIP run, Depreciation run, Cyclepostings, IC reconciliation report, Dividend roll ups within Intern company etc.

    Lead and support business partnership projects or Groupwide initiatives

    Drive key documentations

    Support in creation and updation of SOPs for all R2R processes and the divisions managed

    Creation and sign-off ofSoWs and SLAs with divisions for clear responsibility and accountability

    Implement Transition toolkit (TTK) for any new business integration and Change Requests (CRs)


    About the Requirements

    Minimum Qualifications and Knowledge :

    CA / ACA / ACCA / CIMA Qualified Accountant or equivalent (8-10 years relevant experience)

    Excellent stakeholder management skills

    Significant experience of process improvement in a large global organisation

    Excellent written and verbal communication and interpersonal skills.

    Six Sigma Green Belt desired, Knowledge about the Kaizen and LEAN methodologies

    Minimum Experience : 8-10 years of relevant experience, with a strong knowledge of SAP modules (FICO, MM, SD, TRM, BPC)

    Job-Specific Skills : Good accounting (IFRS) knowledge, preferably worked with Big4 audit firms or MNCs, analytical mindset, process oriented, well organised, with excellent communication and stakeholder management skills, ability to work to tight deadlines

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