Senior Accountant - GL

Job description / Role

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:

The role centers on guaranteeing precise business reporting through month-end, quarter-end, and year-end closing procedures. This involves coordinating with departments, analyzing financial data for accuracy, and ensuring compliance with accounting standards during audits.

What you will do:
- Ensures an accurate & timely month, quarter & year-end closing providing all necessary regular & irregular analysis.
- Maintaining the Chart of Accounts; ensuring adequate and proper classification among accounts' groups.
- Prepare monthly management reports.
- Ensure a clean & timely year-end audit and assist with financial audits, prepare audit schedules, and interface with auditors.
- Responsible for preparing and distributing timely, accurate financial statements and all Analytical reports related and non-related to the financial statements.
- Participate in special projects, ERP implementation, system enhancements, or ad-hoc analyses as assigned.
- Ensure reconciliation of inter-company accounts and rectification of reconciling items.
- Ensure that all the financial transactions are properly accounted for in the General Ledger and the correct cost and profit centers.
- Handling intercompany cost allocations.
- Maintaining accurate revenue and cost recognition databases.
- Ensure all month-end entries are passed in the system like pre-payments, accruals, etc.
- Monitoring bookings of tax entries, especially VAT accounting.

Requirements

Required Skills to be successful:
- Minimum 3-5 years of experience
- Excellent in Microsoft Excel, power point and WinWord.
- Strong understanding of setting up and organizing database and spread sheets.
- Strong verbal and written communication skills.
- SAP financial application experience preferred.

What equips you for the role:
- A Bachelor's degree in Accounting or Finance is required
- Strong knowledge of Egyptian Accounting Standards and IFRS.
- Solid background in real estate sector accounting.
- Strong Tax accounting and filing experience is preferred.

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.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.