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Finance Manager | AFGRE | Egypt

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Date: 06-Jan-2019

Location: EG

Company: Al Futtaim Private Company LLC

Job Requisition ID: 32905 

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.


As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.


Come join us to live well, work better, and be the best.

The purpose of this job is to prepare plans, budgets, forecasts and monthly variance analysis across the retail, commercial, hospitality, schools, infrastructure and development activities of Al Futtaim’s real estate interests in Cairo.


4. KEY ACCOUNTABILITIES: Specify the output required from the job. Identify not more than 7 Key Accountabilities & their performance indicators. NB-Focus on outcomes not tasks


Performance Indicators

§   Contribute to the strategic direction of the business through monthly review and recommendation of improvement initiatives

§   Quality of reporting

§   Lead the consultation process to develop annual P&L, BS and Cash flow budgets for all business lines, support functions and consolidated.

§   On time, agreed by business/approvers

§   Prepare monthly variance reporting and conduct business reviews

§   All queries resolved within agreed timeframes

§   Oversight of Account Payable and Account receivable

§   Tracking and controlling profit centers related to Service changes, Chilled water and other areas


§   Engage business heads in quarter re-forecasting exercise

§   On time, agreed by business/approvers

§   Lead improvement projects, particularly in relation to reporting automation

§   Automation projects delivered on time

§   Lead Special Projects and provide full support on issues/projects on information technology.

§   Special projects/ IT

§   Deliver on-time, accurate cash flow reporting continuously seeking improvement opportunities

§   Accuracy of reporting – forecast v actuals

§   Develop reports as required for external and internal purposes including valuations, minority shareholder reports

§   Accurate, on-time reporting

§   Ensure that Audit reports / schedules for statutory and / or internal audits are provided to the auditors as and when required.

§   Co-ordinate in the preparation of the yearly & half yearly financial statements of Cairo Festival City.

§   Completion on time and accurate

§   Effectively lead the Financial Planning & Analysis team by ensuring setting & review of objectives, providing necessary feedback, developing training plans and opportunities and ensuring

§   Team engagement


5. JOB CONTEXT: Define organizational policy and other factors that have a critical impact on the job

The Financial Controller shall ensure that:

-       The AFGRE Mission, Vision and Values,

-       The Accounting Policies of Al Futtaim,

-       The International Accounting Standards and the International Financial Reporting Standards,

-       The Delegation of Authority and Key Operating Guidelines, are embraced in the day- to- day operations and upheld as the main guidelines for operation and reporting.




Minimum Qualifications and Knowledge:

·         Post-graduate degree in commerce / accounting / finance. Knowledge of management reporting and accounting systems is necessary.

·         Knowledge of ERP Financial Software is necessary; SAP expertise will be preferred.

·         Real Estate related Certification from Cairo Real Estate Institute. (Real Estate Diploma, or Certification in Professional Owners Association Management), is preferred.

Minimum Experience:

·         Minimum of 10 years of experience in the field of Finance and Accounting, out of which a minimum of 5 years in the Real Estate industry at a financial management position.

·         Experience in Real Estate / Construction / Project Management industries will be preferred.

Job-Specific Skills:

·         Well-versed in IAS / IFRS.

·         Well-versed in preparation of Financial Statements.

·         Excellent know of MS office tools specially advance excel and power point

Behavioural Competencies :

·         Ability to manage expectations of the various stakeholders of the residential portfolio.

·         Ability to lead portfolios with constant motivation towards the next level of success.

·         Ability to manage time appropriately, communicate effectively with team members and business

·         Ability to approach problem solving with simplicity and logic, and to present solutions on financial matters to non-finance professionals.

·         Ability to think holistically and understand the chain impact of financial transactions on the overall business. 

·         Ability to work under pressure without losing control over tasks assigned.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.


Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.


As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.