Bank Reconciliations Executive

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, 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.
About the role

As a member of the Bank reconciliations team you will be supporting the
Divisional Finance Controlling teams and the Business Units in ensuring timely
reconciliation of the Group's bank accounts and reporting in relation thereto
and also supporting the business units in enhancing customer experience by
timely performing the activity of credit confirmations.

About the responsibilities
Receipt of Bank statements and Balance validation
* Ensure all the Bank statements are received in SAP after due follow-up with the banks as required
* In case of delays in receipt of bank statements or where automated receipt of bank statements is not enabled, manually download the statements from online banking platforms.
In case of Bank statements downloaded manually, ensure that the closing
balance of the previous day matches with the opening balance of the current
day.

Reconciliation of bank accounts:
* Run the scheduler to automatically clear open line items where matching references exist.
* Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained

Reporting of open line items:
* Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
* Ensuring that any open items that needs investigated at the banks' end are reported to the banks for investigation and resolution
* Ensuring that any instances of cheque dishonours and amounts debited by bank but not accounted by us are promptly bought to the notice of businesses/other concerned stakeholders.

Credit confirmations:
* Ensuring that all queries from business teams in relation to deposit of cash or cheques by customers are reviewed and responded after referring to the online banking reports so that timely delivery of goods/services by business teams is ensured

Accounting and Audit:
* Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P.
* Supporting internal and external audit processes in relation to bank reconciliations

About the Requirements
Minimum Qualifications and Knowledge
* Professional accounting qualification
* A bachelor's degree in commerce/financial management/ accountancy with about three years of experience within the bank reconciliations function of a medium to large organization or banks.
* Analytical, process oriented, good communication skills, exposure to ERP
* Should be able to plan and prioritize tasks, persuasive skills, Kaizen attitude, Self-motivated; and a strong team player.

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