Manager ATR – IFFCO Group

Championing "People": IFFCO Group’s Core Value

At IFFCO Group, we are fully dedicated to our core value of "People" We are devoted to fostering ouremployees’ growth, providing them with limitless opportunities for personal and career advancement. Ourenticing benefits and inclusive work environment have garnered recognition as a certified Great Place to Work®in the UAE and Saudi Arabia.

Empowerment Through Diversity: Crafting Your Journey at IFFCO Group

Within IFFCO Group, every role—be it an internship, a graduate opportunity, or a job opening; offers you the autonomy to shape your professional trajectory. You’ll encounter abundant prospects for personal and professional flourishing when collaborating with visionary brands and individuals driving our vision and business expansion. We believe that an entrepreneurial mindset drives success, and our dedicated workforce is the heartbeat of our achievements.

Job Summary

To lead the Account to Report tower within the Finance Shared Service Centre for IFFCO Group

To own overall accountability for various Account to Report processes including financial accounting, balance sheet reconciliations, inter-company reconciliation etc. for all Business Units within IFFCO

Roles & Responsibilities

Achieve all established SLAs and efficiency targets through automation, standardization and improvements in existing processes Operational

Act as the interface between senior management and SSC for all information pertaining to Account to Report

Coordinate with functional teams and understand the various reporting requirement

Coordinate with ERP team to enable ERP system to be able to provide the required reporting

Analyse and signoff all management reports and audited financial statements/ reports for the SSC

Receive and discuss ad-hoc reporting requests, and provide the needful. Consider additional periodic reports to replace ad-hoc requests

Ensure timely and accurate closure of financial statements pertaining to SSC and ensure adherence to allthe regulations and policies setup by corporate Finance during the statement preparation process

Support the Head Finance SSC in ensuring financial control systems and procedures for analysis of complex accountancy/ finance issues and thus ensure efficient financial accounting and planning

Supervise and oversee timely and accurate completion of balance sheet reconciliation process

Supervise and oversee timely and accurate posting of all general ledger entries for various business units serviced by Finance SSC

Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets

Conduct expense analysis of all general ledger classes and provide necessary inputs to management for correction

Recommend any updates to accounting policies related to fixed assets to the management

Oversee recording of fixed asset acquisitions and dispositions in the accounting system

Track the compilation of project costs into fixed asset accounts, and close out those accounts once therelated projects have been completed

Ensure accurate reconciliation of balances in the fixed asset subsidiary ledger to the summary-levelaccount in the general ledger

Review and update the detailed schedule of fixed assets and accumulated depreciation

Investigate the potential obsolescence of fixed assets and conduct periodic impairment reviews forintangible assets

Conduct analyses related to fixed assets as requested by management regarding write-offs or initiateefficiency improvement exercises

Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries

Represent the company during any audits by government/external auditors that involve fixed assets

Track company expenditures for fixed assets in comparison to the capital budget and managementauthorizations

Oversee processing of all inter-company non trade reconciliation entries

Frequently sample entries in general ledger and balance sheets prepared for spot checks

Provide query resolution support to the Business Units in case of escalations and complaints

Develop and maintain General Accounting KPI’s to manage efficiency and effectiveness of key accounting processes/ balances. Initiate reviews with appropriate stakeholders, establishing improvement actions and monitoring thereon People

Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.

Participate in the identification of training and development initiatives for all subordinates

Drive the engagement and satisfaction of the team through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Build an effective, efficient and motivated team

KPIs

Adherence to timelines for balance sheet preparation

Accuracy and timeliness for general ledger entries

Accuracy and timeliness for fixed asset accounting

Accuracy and timeliness of all mandatory financial reporting

Work experience requirement

7+ years of experience in Finance Shared Services with 4-5 years of experience in leading Record toReport/Account to Report functions in a Finance Shared Service Centre

Qualification

Chartered Accountant • MBA Finance (preferable)

Enriching Lives Since 1975: IFFCO Group’s Legacy

Since its establishment in 1975, IFFCO Group has thrived into a multinational conglomerate headquartered in the United Arab Emirates. Our influential FMCG brands and diverse portfolio of industry solutions and services enrich the lives of countless consumers and customers across the globe. In 2023, IFFCO Group proudly carriesthe distinction of being certified as a Great Place to Work® in both the UAE and Saudi Arabia.

Job Details

Preferred Candidate

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