Accountant - Mall Accounts Payables | Real Estate| Asset Management

Job Requisition ID: 171081

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role:

To ensure accuracy and integrity of the company's financial records. Responsible for a wide range of accounting - payable functions, including reporting, account reconciliations, journal entries, and trend analysis. To work closely with the finance team and across departments to provide support and ensure the smooth and efficient operation.

What you will do:

Customers

• To provide support to internal customers: Malls business team in relation to financial reporting of expenses, through effective communication in order to meet the business needs and contribute to improving current processes
• Center point of contact for Business on all expense related matters. Approving all PR's in Ariba prior to approval of Finance Manager.
  
  

Key Responsibilities:

• Responsible for complete accounting cycle for Malls. (Expense, Monthly Closing Accruals & Reporting).
• Ensure PO's are addressed in system on a monthly basis against completed works & services. Cumulative monthly provision to be reviewed and calculated on monthly basis.
• Evaluation of various expense requests in terms of justification for the expenses, budget availability etc., verification of LPO’s, coding and posting of approved expenses as per budget in respective GL Accounts, cost centres and ensure approval as per DOA for Opex & Capex.
• Ensure approved payments are released as per agreed payment terms and all supporting documents are in compliance with Company’s Policies & Procedures and approved as per DOA, including timely settlement for Intercompany payments.
• Liaise with FP&A team and provide the cash flow inputs for weekly and monthly forecasts.
• Ensure timely and accurate accounting for all operating expenses (Opex) and capital expenditures (Capex) and provide detailed schedules to the Financial Planning & Analysis (FP&A) team to aid in budgeting and forecasting.
• Prepare expense trackers and reports at the end of each month for submission to the FP&A team for review and dashboard reporting preparation.
• Ensure Balance sheet reconciliation is conducted on a quarterly basis with detailed schedule for all expense related items for Finance Manager’s review.
• Ensure that all recoverable expenses are accurately and promptly recorded in coordination with both the Accounts Receivable team and the business team.
• Ensuring all payments are reviewed before getting released and providing confirmation to signatories and reviewing cashflow impact.
• Providing support to FP&A for preparing schedules (Utilities, Capex, Expenses etc.) and co-ordinating with external auditor.
• Coordinating with Bank for necessary DOA updates like signatories, access, preparing Memos and liaise with Owner for necessary approvals.
  
  

Required skills to be successful:

Behavioural Competencies:

• Good interpersonal skills, adaptive, self-motivated, organisational skills, ability to manage stress.
• Excellent communication and interpersonal skills are essential
• Ability to drive continuous improvement adopting best practice
• Strong analytical and problem-solving skills
  
  

What Equips you for the role:

Minimum Qualifications and Knowledge:

• Bachelor’s degree in finance, accounting or a related field
• Advanced knowledge of ERP Financial Software is necessary; SAP expertise will be preferred.
  
  

Minimum Experience:

• 3-5 years of relevant experience working in Business finance; Real estate experience will be preferred.
  
  

Job-Specific Skills:

• Proficiency in MS Office (Word/ Excel/ PowerPoint);
• Extensive knowledge of Financial package SAP (preferred) and/or other ERP
• Ability to communicate firmly and clearly with Vendors
• Ability to develop strong relationships
• Must be assertive; able to deal with stakeholders at all levels
• Ability to accurately book financial data and identify trends
• Ability to interpret and apply accounting standards
• Ability to identify and resolve accounting discrepancies
  
  

About Al-Futtaim Group Real Estate

The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.

Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.

AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.