Summary
Al-Futtaim is hiring a Senior Financial Accountant for its automotive business in Riyadh. The role owns the revenue close cycle, applies IFRS 15 and IFRS 9, prepares revenue journals and reconciliations, and oversees billing accuracy and receivables controls. The accountant also performs variance analysis, supports reporting and audits, improves processes, and coaches junior accountants. Applicants should have a bachelor's degree in accounting, finance, or a related field, a completed or in-progress professional qualification, and 4–6 years of accounting experience, including at least 2 years in revenue accounting.
The posting
As published on alfuttaim.com. Pulled from the employer's site and shown as they wrote it.
Job Requisition ID: 181774
About Al-Futtaim
Established in the 1930s, Al-Futtaim is one of the most diversified and progressive privately held regional businesses, headquartered in Dubai. Operating across more than 20 countries, the Group spans automotive, financial services, real estate, retail and health. With more than 40,000 employees, Al-Futtaim represents over 200 of the world’s most recognised brands, including Toyota, Lexus, IKEA, ACE and Marks & Spencer. Driven by its purpose to enrich lives and elevate communities, Al-Futtaim focuses on digital innovation, AI, sustainable growth and strategic partnerships, creating long-term value for customers, communities and partners while building a responsible legacy for future generations.
Overview Of The Role:
The Senior Financial Accountant plays a vital role in the company's financial operations, ensuring the accurate and timely recognition, recording, and reporting of revenue in compliance with IFRS 15 and internal policies. As the owner of the revenue close cycle, the Finance Senior collaborates with Sales, Operations, and Commercial teams to ensure that contract terms are correctly reflected in financial statements. This role involves maintaining rigorous controls over billing and receivables and providing critical insights into revenue performance through variance analysis and management reporting. Success in this role requires a strong control mindset, attention to detail, and the ability to manage multiple priorities while meeting deadlines during financial close cycles.
What You Will Do:
- Apply IFRS 15 to customer contracts, including identifying performance obligations, allocating transaction price, and determining the timing of recognition.
- Review new and amended contracts for revenue accounting implications such as variable consideration, discounts, rebates, and multiple-element arrangements.
- Prepare and post monthly revenue journals, accruals, deferrals, and unbilled revenue adjustments, and maintain deferred revenue and contract balance roll-forwards.
- Own the revenue and receivables close at month-end, quarter-end, and year-end, including balance sheet reconciliations for all revenue-related accounts.
- Perform revenue variance analysis versus budget, forecast, and prior periods, and contribute to management reporting and statutory disclosures.
- Oversee billing accuracy, monitor AR ageing and expected credit loss provisions, and operate internal controls over the order-to-cash cycle.
- Act as the primary contact for auditors on revenue matters, support system and process improvements, and coach junior accountants.
Required Skills To Be Successful:
- Advanced Excel skills and working knowledge of ERP and billing systems such as SAP, Oracle, or Microsoft Dynamics.
- High attention to detail with a strong control mindset.
- Ability to manage tight deadlines during financial close cycles.
- Effective communication skills for explaining complex accounting matters to non-finance stakeholders.
What Qualifies You For The Role:
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional qualification (CPA, ACCA, CMA, or CA) completed or in progress.
- 4-6 years of accounting experience, including at least 2 years in revenue accounting; Big 4 audit experience is an advantage.
- Hands-on experience applying IFRS 15 and IFRS 9 in a complex, multi-product or multi-entity environment.
Al-Futtaim Automotive is one of the region's leading mobility businesses, operating across eight countries in the Middle East, Asia and North Africa.
With a portfolio of more than 25 world-leading brands, we deliver one of the region's most comprehensive mobility ecosystems.
Our capabilities span passenger vehicles, commercial vehicles and industrial equipment, backed by integrated logistics, leasing, aftersales and financial services that deliver a seamless customer experience across every stage of the mobility journey.
Our vision is to become a world-class mobility player, creating better experiences for our customers through innovation, digital transformation and a relentless focus on customer experience. We work alongside some of the world's most trusted automotive brands to shape the future of mobility, delivering solutions that meet the evolving needs of individuals, businesses and communities.
Behind everything we do is a team of more than 9,000 colleagues united by ambition, collaboration and a shared commitment to progress. Together, we're shaping the future of mobility, embracing new technologies and creating better experiences for our customers. At Al-Futtaim Automotive, you'll be empowered to turn ambition into action and help move our customers, our business and your career forward.