Assistant Manager - FP&A I Real Estate I Shared Services
Job description / Role
Employment: Full Time
Overview of the role:
The primary objective of this position is to deliver financial management decision support and oversight for revenue within the DFC, AFRE (Residential/Commercial), and Malls sectors. Responsibilities include overseeing daily accounting activities, month-end closing processes, and collaborating closely with the business to develop plans, budgets, forecasts, and conduct monthly variance analyses for designated assets.This role will actively support business decision-making and provide insightful feedback.
What you will do:
Responsible for:
- Ensure timely completion of monthly accounting closes for revenue, financial reporting, cash flow forecasting, and balance sheet integrity. Verify that balance sheets are substantiated monthly with appropriate schedules and sign-offs.
- Contribute to the development of business management relationships through monthly reviews and recommendation of improvement initiatives.
- Prepare budgets and forecasts in collaboration with various business departments to ensure the reliability of key assumptions. Control and monitor the operating budget, investigating variances as necessary.
- Responsible for re-forecasting the budget during quarterly financial reviews recommending upward or downward adjustments in light of market conditions and business requirements.
- Contribute to finance improvement projects, particularly in relation to reporting automation and process improvements.
- Develop reports and financial analysis as required for external and internal purposes.
- Active coordination with the business teams to ensure smooth flow of information and act as a bridge between the business and the finance function to ensure accurate reporting.
- Coordinate with the RESI/COMM and Malls Finance teams to analyze all financial aspects of the portfolios of operating assets.
- Oversee the consolidation of revenue and the preparation of KPIs across various entities within the real estate group to ensure accurate reporting.
Job Context:
The primary objective of this position is to deliver financial management decision support and oversight for revenue within the DFC, AFRE (Residential/Commercial), and Malls sectors. Responsibilities include overseeing daily accounting activities, month-end closing processes, and collaborating closely with the business to develop plans, budgets, forecasts, and conduct monthly variance analyses for designated assets.This role will actively support business decision-making and provide insightful feedback.
Required skills to be successful:
Job-Specific Skills:
- Proficiency in MS Office (Word, Excel, PowerPoint, Power BI).
- Extensive knowledge of financial package SAP, BPC, YARDI, ARIBA and/or other ERP.
- Proficient in data analysis and financial modeling, with the ability to interpret complex data sets and create robust financial models to support strategic decision-making.
Behavioural Competencies:
- Teamwork.
- Good interpersonal, management and communication skills both verbal and written.
- Professional knowledge.
- Encourage subordinates.
- Training & coaching.
What equips you for the role:
Minimum Qualifications and Knowledge:
CA, CPA, CIMA, ACCA, CMA or a Finance Degree with extensive knowledge of financial management and accounting systems. Business development and process improvement skills. Having knowledge of Power Queries, Power Pivot and Power BI along with YARDI and SAP will be an added advantage.
Minimum Experience:
- Minimum of 5 years of experience in financial and management accounting.
- Experience in real estate and mall accounting is preferred.
About Al-Futtaim Engineering & Technologies
Al-Futtaim 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 center solutions, business applications, business intelligence, data management, advanced analytics amongst others. The IT infrastructure portfolio comprises IP telephony, ELV systems, networking solutions, professional audio-visual solutions and managed services.
These solutions are further complemented by services that include project management, installation, testing, commissioning and after-sales maintenance contracts.
About the Company
Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region.Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.
The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario.The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.
The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.
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