Senior Analyst - FP&A I Real Estate I Finance - Dubai
Job description / Role
Employment: Full Time
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 enable the organization 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
The primary responsibility of the Senior Analyst is to manage financial operations and ensure accurate accounting for revenue within the DFC, AFRE (Residential/Commercial), and Malls sectors. Duties include overseeing daily accounting activities, conducting month-end closing processes, and providing insightful analyses and reports to support business decision-making.
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.
- 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.
- Coordinate with the RESI/COMM and Malls Finance teams to analyse 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 Senior Analyst shall ensure that the Accounting Policies of Al-Futtaim are upheld and that all reporting is in accordance with International Financial Reporting Standards.
Required skills to be successful
Job-Specific Skills:
- Proficiency in MS Office (Word, Excel, PowerPoint).
- Knowledge of financial packages SAP, BPC, YARDI, and/or other ERP is preferred.
Behavioural Competencies:
- Teamwork.
- Good interpersonal, management, and communication skills both verbal and written.
- Professional knowledge.
- Encourage subordinates.
- Training and coaching.
What equips you for the role
Minimum qualifications and knowledge:
ACCA/CMA or a Finance Degree with knowledge of financial management and accounting systems. Some 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 3 years of experience in financial and management accounting.
- Experience in real estate and mall accounting is preferred.
About Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational, and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region.From origination, conception, development, sales, procurement, and construction of mega-projects and the leasing, operation, and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.
Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services, and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed-use destinations: Dubai Festival City and Cairo Festival City.
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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