Control Manager Majid Al Futtaim Dubai UAE

Majid Al Futtaim, also known as MAF is currently accepting applications for the job post of Control Manager / Controller in Dubai, UAE. MAF is an Emirati holding company based in Dubai, UAE. It owns & operates shopping malls, leisure establishments and retail in the MENA region. The group was established in 1992 and manages three major operating subsidiaries, Majid Al Futtaim Ventures, Majid Al Futtaim Properties and Majid Al Futtaim Retail. MAF Retail establishes and manages supermarkets, hypermarkets, fashion and specialty retail stores. The company has over 40,000 team members in 15 International markets representing over 100 Nationalities – all keeping the customer at the heart of everything they do.

Scope of Control Manager

The job role of a Control Manager / Controller at MAF UAE (Dubai) is to ensure Adequacy of internal control environment, ensuring GS delivery of services, Forecast, review and report balance sheet. The Control Officer will review and report on Receivables & Collections, support Department head in working capital Management, Financial statement review, and JV reporting. He will drive along with Business and Department head various Finance Transformation & Business process Optimization projects.

Duties of Control Manager

• Work along with department head to ensure Risk management and Compliance framework set by Corporate.
• Provide support to COE teams in periodically reviewing SMBU DOA and Policy/Procedure documents. Further support them in embedding the changes into the system.
• Independently assess and manage all the Financial risks raised by Internal audit across SMBU.
• Following up on compliance issues that require investigation.
• Reporting on Compliance.
• Support department head to put in place a clear service delivery machinery from various Global service opco’s.
• Reviewing GS Performance and reporting on any service delivery, governance, tax, reporting lapses.
• Work with GS to with the objective of “Continues Improvement in services and tools” which can deliver greater benefits from less investment.
• Work along with business and GS to put in place accounting process for new lines of income/ expense.
• Ensure that GS/ Corporate prepares and delivers on timely basis, all the SMBU stand-alone Financial statements.
• Ensure that all aspects of joint ventures board reporting, including providing financial or transactional services under JV agreements are taking place in timely manner.

What you’ll do

• To provide support to department head in identifying areas that require transformation and business process optimisation.
• Handle independently (start to end) agreed transformation projects.
• Plan, budget, forecast and deliver Receivables and unearned income areas of SMBU balance sheet.
• Work along with FP&A team in preparing and submitting balance sheet and cash flow forecast/ budget along with working capital projection.
• Track balance sheet and working capital performance against budget on monthly basis.
• Support in monitoring and reporting all aspects of receivables and collections.
• Working along with department Head of finance to set collection targets and revise them on regular basis.
• Take part in aggressive follow up mechanism for tracking collections along with head of finance & business. Provide required support collection team.
• Review and report SMBU Cash position, explore avenues to improve the overall SMBU cash position and unearned income.
• Continuously work on improving reports and reporting capabilities in system. Ensure challenges and risks are made known to head of finance and business in a timely manner. In addition, support them by putting in place right solutions.

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Education & Experience

• Qualified accountant, holding CA/ ACCA/ CPA degree.
• 5-7 years post qualification experience.

Technical Competencies

• Excel Expertise.
• Prior Transformation / Automation experience.

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