The Emirates Group is a highly profitable business with a turnover in excess of US$ 15 billion and over 50,000 employees. The Group comprises of Emirates, the Group’s rapidly expanding and award winning international Airline and.dnata, the fourth largest combined air services provider in the world and the largest travel management company in the UAE. Emirates global network now sees it flying to over 110 destinations across 6 continents, operating a modern fleet of over 150 wide-bodied aircraft. Today the Airline has orders worth over US$ 68 billion for 200 more of the latest aircraft, with plans to operate to many more destinations in the months and years ahead. Essential to our continued business success as we expand will be the ongoing employment of high quality people to join our multi-cultural team of over 150 nationalities.
Dubai, a tourism centre and modern cosmopolitan city with high standards of healthcare, education and leisure pursuits for residents offers those we hire one of the most desirable lifestyle locations in the world. In addition to lifestyle and tax free salary benefits, the Emirates Group also offers professional development opportunities to help employees develop new skills and grow their careers successfully. Discover your future!
The Position: We are seeking a Finance professional with IFRS expertise to join our Group Financial Reporting (GFR) department within the Corporate Finance organisation of the Group. The unit is responsible for the general ledgers of the 2 parent companies in the Group (Emirates and dnata), consolidating the financial position and results of 60+ companies in the Group and financial reporting under International Financial Reporting Standards (IFRS). The job-holder will be expected to plan, manage and provide strategic input and analysis on the impact of IFRS on the financial position and profitability of the Group keeping a long term perspective in mind and will be the main technical expert on all IFRS standards, interpretations and developments.
Key responsibilities include: Evaluate the long term business and financial impact (over 3-5 year period) of new or revised IFRS on the Group and existing lines of businesses (LOBs), including Subsidiaries, Joint ventures and Associated companies. IFRS evaluation and impact assessment is also required for new lines of business and new agreements, taking into account the long term business plans, understanding the Group vision and the impact on operations. Present the alternatives available with a recommendation of the most beneficial one (from a Group perspective) to senior management. Influence and overcome challenges in implementing norms or principles mandated by IFRS relevant to the various business areas ensuring that key timelines related to the quarterly reporting cycle disciplines are met. Keep abreast of future changes and developments in IFRS and obtain management agreement to the changes prior to the effective date of the new Standard. Write justification papers and accounting notes that meet IFRS requirements for appraisal by the external auditors and their technical experts, ensuring the robustness of the solution will withstand the audit test.
Salary Benefits: We offer an attractive tax-free salary, paid in Dirhams, the local currency of the UAE. The Dirham is linked to the Special Drawing Right of the International Monetary Fund and it has been held constant against the US dollar since the end of 1980 at a mid-rate of approximately US$1=”Dh3.66.” Besides generous travel benefits normally associated with an airline, this managerial role also has excellent leave and health care packages, accommodation, power and water paid for, along with transport benefits, life insurance and other employee benefits making the role attractive to high performers. By viewing the ‘Dubai Lifestyle’ section in the careers website you can also consider the many benefits of Dubai as a location to live and work in
Experience and Qualifications: Qualified Accountant. ACA qualification (from a reputed institute) preferred. 10 years relevant experience in the finance department of an airline or a large corporation. Expert knowledge of International Financial Reporting Standards. Ability to plan and organise numerous projects and tasks in parallel and deliver within agreed time scales. Strong accounting and technical skills. To Apply: To express your interest in the above vacancy please apply on-line by clicking below, and complete our application form. We will then consider your application and contact you should we wish to shortlist you for an interview. Should you not receive an invitation for an interview within 5 weeks please assume that on this occasion you have been unsuccessful. We will retain your details for 12 months unless advised otherwise and re-consider you for future opportunities as they arise. Please also note that if you are not shortlisted you can also update your application at anytime and apply for other opportunities. Thank you for your interest in a career with the Emirates Group.