Assistant Commercial Manager | Blue Rewards | Corporate Services
Job description / Role
Employment: Full Time
About the company
Established in the 1930s as a trading business, Al-Futtaim 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, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands.Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organisation 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, Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.
Overview of the role
This role will support the GM Finance & Commercial and become the key lead in managing the end-to-end finance process of Blue Rewards.
What you will do- Business planning & analysis: Preparation and presentation of budgets and forecast for the business unit ensuring strategic alignment with business objectives.
- Ensure adherence to group reporting timeliness and BPC updates to facilitate timely reviews of budgets and forecasts.
- Monthly management reporting: Provide monthly management reports highlighting key performance indicators and variance analysis.
- Support in preparation of group reporting pack on monthly basis in coordination with Data team.
- Setting up accounting flow and process: Develop accounting flow for new programs introduced in adherence to accounting principles and regulatory standards.
- Coordination with internal stakeholders and third parties: Closely work with Tech, product, and third-party integrators to understand the product requirement and come up with schemes of accounting entries and financial process.
- Work with internal and external teams to contribute in the user acceptance testing and finalization of accounting flow for new programs.
- Complete bank reconciliations for all the Blue Wallet and Gift Cards (including reseller cases) after ensuring collections and booking expenses.
- End to end reconciliation between SAP GL's and third party integrator reports to ensure all liabilities are booked correctly and address the issues accordingly to concerned party.
- ICM reconciliations with Blue partners (daily basis) - resolving errors related to Cashback, Gift Cards, Wallet Top-up and Points, and getting the ICMs accepted by the partners.
- Vendor onboarding, raising PRs/POs, creating IANs and SRFs.
- Coordinate payables with central payment team and provide updates to internal stakeholders on the status of payments.
- Compliance with DOAs: Strict adherence to DOAs.
- Month closing activities and MIS: Liaise with shared service teams to ensure all activities are recorded and analyse the financials for management review.
- Cashflow management: Biweekly submission of fund requirement with Treasury to ensure availability of funds for the program.
- Assisting in internal and external audit activities.
- Bachelor's in business administration.
- Experience in operational finance.
- Excellent communication and presentation skills.
- You will be reporting to GM - Finance and Commercial.
- Bachelor's in business administration (BBA) with specialization in finance or accounting from an accredited university.
- Qualification (American CPA or international ACCA) is a plus.
- Advanced knowledge of ERP systems is necessary; SAP (including Ariba) expertise is a must.
- Preferably minimum 8 years in an operational finance position, preferably in the digital commerce sphere.
We're here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
Before you click "apply": Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility.Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our values of respect, integrity, collaboration, and excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
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.
Apply Now