Al Futtaim Group

Head of Process and Compliance

  • Dubai
  • Al Futtaim Group
  • Posted date: 1 month before
  • End date: 2024-03-30

Job Title: Head of Process and Compliance

Job In Dubai

Company: Al Futtaim Group

Start Date: 2024-01-30

End Date: 2024-03-30




Job Description

Overview of the role

Key team member of Group Finance:

  • Developing and monitoring the implementation of Group-wide Financial policies
  • Reviewing Finance Delegation of Authorities and drive their rationalization
  • Evaluating Finance risks and controls and driving initiatives to improve them
  • Supporting the review and sign-off of all Finance group-wide operations documentation
  • Providing Group Finance inputs into Internal and External audit processes

 


What you will do


Developing and monitoring the implementation of Group wide financial policies

  • Review of existing financial policies in the areas of Fixed Assets, Inventory, Debtors, Provisioning, Revenue Recognition etc.
  • Development and revamp of Financial policies and monitoring their implementation and adherence to.
  • Work with the Human Resources Department and others as appropriate to develop an effective compliance training program

Reviewing Financial Delegation of Authorities and help drive their rationalization

  • Review and drive updates to Financial DOA
  • Review and drive the setting up of Financial limits

Evaluating risks and controls and driving initiatives to improve them

  • Review of existing processes and procedures in the areas of Fixed Assets, Inventory, Debtors, Provisioning, Revenue Recognition etc.
  • Evaluate risks, both financial and operational and drive specific initiatives to improve the Financial controls environment.
  • Leverage process improvement strategies to perform analysis of Quality Systems, Records and Information processes and policies.
  • Drive the process of documentation of the various Financial processes via Blue-works

Supporting the review and sign-off of all financial operations documentation

  • Review all documentation in relation to financial operations- Financial Reconciliation, Order to Cash, Procure to Pay, Record to Report, Payroll, Credit Risk Management - for compliance with Group policies, best practice governance etc. before being signed off by authorised signatories.
  • Support the organization in driving a culture and behaviour that exceeds Standards of Conducts and Code of Ethics.

Providing Group Finance inputs into Internal and External audit processes

  • Support the processes in relation to Group Internal Audit of Group Financials
  • Function as independent objective body that reviews and evaluates compliance issues/concerns within the Divisions

Managing Complexity

  • Anticipates potential organizational barriers and how to turn them into support understanding the culture, norms and rules of Al-Futtaim
  • Is aware of what is going on in the organization and understands what is happening outside one’s own immediate sphere
  • Builds a workforce capable of operating in a diverse environment that meets local needs
  • Uses an in-depth understanding of diverse stakeholders from across the network in order to inform business strategy and achieve result

Influencing Others

  • Anticipates and prepares for others’ likely reactions when deciding how to persuade, and incorporates their views and feedback to increase buy-in
  • Understands cultural differences and adapts their influencing style and approach to best effect
  • Identifies and lobbies opinion makers by taking time to soundboard ideas with them
  • Confidently, articulately and persuasively presents information and arguments in a range of forums

Working Across Boundaries

  • Builds relationships by genuinely valuing diversity of opinions, expertise and background
  • Works to find ‘win-win’ solutions that can benefit all parties
  • Actively challenges silo working avoiding duplication of effort
  • Role model’s collaboration by establishing by establishing mutually beneficial relationships across businesses that maximize commercial opportunities
  • Proactively works to minimize the adverse impact of one’s decisions on the other departments


Application URL



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