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Job Description
R2R Tower Head | Finance Shared Service Centre | Egypt
JOB PURPOSE: As a member of FSSC management team– He/she will lead and mentor the team who are involved financial book closing and reporting.
He/she will be responsible for book closing and reporting of AF Group companies in Egypt (25+ entities) supporting diversified BUs in Automotive, Retail, Real Estate, Construction, Healthcare, Group Services etc. with major emphasis on
(a) Ensuring compliance with company policies and procedures
(b) Quality of Financial books
(c) Periodical books closing and reporting
(d) IFRS compliance
(e) Manage internal and external Audits
(f) Drive continuous improvements and automation within R2R processes
(f) Ensure SLA compliances
KEY ACCOUNTABILITIES:
- Service Delivery – R2R Process
- Spearhead end-to-end R2R processes including fixed assets and insurance of Al Futtaim companies in Egypt catering different divisions like Auto, Real estate, Contracting, Retail, Corporate functions etc.
- Schedule discussion with business counterparts (CFOs & Finance Controllers) to resolve significant accounting issues
- Monitors, critically evaluates, and advises on the relevant accounting standards, regulations, conceptual and financial reporting frameworks
- Ensure smooth monthly, quarterly and annual book closing
- Facilitate internal/external audits and ensure timely response, documentation and information.
- Support on development of IFRS accounting policies and procedures and ensure compliances
- Work collaboratively with all stakeholders by developing impactful working relationship
- Ensure delivery of agreed service levels (SLAs)
- Governance & Reviews
- Monthly reviews of General Ledger /trend analysis with R2R leads
- Review open line item and ageing in General ledger and design plan of action for timely clearance
- Review and resolve pre and post close issues related to accruals, provisions, prepaid expenses, IFRS, Fixed assets
- Periodic review of Insurance process in terms of policy coverage and claim management
- Process Improvements
- Improve month closing cycle resulting in fewer post close adjustments
- Introduce pre-close review mechanism in coordination with respective divisions
- Establish clear timeline and ownership
- Standardization of Chart of Accounts and accounting processes
- Standardization of accounting schedules and implement quality review process
- Support Process improvement team in driving various quality initiatives and sign off SOW, RACI matrix with business
- People management
- Assist management with career development activities for team lead and team members, including performance management and feedback
- Ensure adequate guidance and training of team members to meet service delivery targets
- Responsible for attrition management and timely backfills
Skills
JOB CONTEXT:
Job holder is required to interact with Head of FSSC, cross functional tower heads, divisional CFOs and finance controllers hence requires good communications skills. Understanding of systems (SAP and Policy / Procedures) is crucial both for determining applicability and relevance as well as for designing verification procedures and processes that are meant to highlight exceptions.
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Educational qualifications: ACA / ACCA / CIMA Qualified Accountant or equivalent
Minimum Experience: 12-15 years of similar experience, with a good knowledge of SAP ERP system.
Job-Specific Skills:
Good accounting (IFRS) knowledge, preferably worked with Big4 audit firms or MNCs, analytical mindset, process oriented, well organized, with excellent communication and stakeholder management skills, ability to work to tight deadlines
Behavioral Competencies:
Organization: Work independently and ensure service delivery within defined SLAs
Leader: Solid individual who thrives when working in a fast-paced, high energy and project-oriented environment
Stakeholder management: excel in developing strong client relationships, drive client dialogue both at finance manager and at CFO level, and in originating, shaping and delivering value-led finance projects