Senior Manager – R2R; Finance Share Service Center

Job Role

We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Senior Manager – R2R. To manage accounting of inter‑company related transactions for the AF Group entities (Accounts Receivable, Accounts Payable, Loans receivable/ payable, Gratuity Funds & Reserves). To examine current processes and identify areas for improvement to minimize differences across all systems (PRT, PAD, PTR).

To manage, guide and direct processing teams responsible for acceptances of IC invoices, settlement of IC balances, posting of accounting entries related loan and any other type of intercompany relationships. Ensure that the team involved performs at optimal levels whilst identifying opportunities to increase effectiveness through automation. To closely monitor instances that lead to mismatches and address root causes. To ensure compliance with Group policies & Group directives and highlight areas of aberration.

Harmonize and standardize intercompany processes across the AFG, globally. Continuously engage with stakeholders across all geographies.

To manage computation of Corporate Income Tax computations, accounting, reporting and data extraction.

• 100% on time related party payments as per agreed due dates and timelines announced from time to time. NIL exceptions
• Minimize human intervention causing defects and leading to mismatches
• Audit ready processes
• Timely, accurate settlements to all parties for accepted Intercompany transactions
• Zero unexplained differences between any two related parties
• Engage all relevant stakeholders in related parties to highlight mismatches and to drive desired outcome of Nil unexplained differences
• Work with GTDP to automate processes
• Rewrite SOPs where required
• Shape organization’s culture through policy inputs to ensure smooth operations, legal and ethical compliance, meet behavioral expectations always keeping strategic perspective, whilst retaining simplicity in operational processes
• Provide necessary inputs to Group Finance to draft policy on intercompany transactions.
• Recommend specific changes to policy to keep policy relevant and practical to follow with changing both, internal and external environment.
• Transform archaic processes and adoption of standard & best practices across all business units
• Mandate acceptances based on strong evidence of performance by the originating company
• Streamline document management to bring in absolute transparency and opportunity for review before acceptances
• Introduce simultaneous acceptance processes eliminating discretion that leads to mismatches
• BPC Intercompany balances are matched on a sustainable basis
• Introduce necessary reporting mechanism to support in identifying root causes for differences.
• Accurate computation of Corporate Income Tax liability
• Minimal deviation between final annual computation and monthly provision of Corporate Income Tax
• Effective compliance of Corporate Income Tax by providing timely data demanded by the regulatory authorities
• Create an efficient process to store, identify and collate necessary information/data required by the Corporate Income Tax authorities, resulting into smooth assessments

• Eye for detail, patient,
• High level of interpersonal skills
• Ability to perform under tight deadlines and pressure
• Computer Skills including good knowledge of MS Excel
• SAP
• Excellent communication skills.

• 5+ years in a similar role and hands on knowledge of ICM (Intercompany module);
  Settlement processes between related parties, both within U.A.E. & outside;
  Accounting in ERP (Preferably SAP)
• Commerce graduate preferred with accounting major