Accounts Receivables Section Head – AFGRE

Job description / Role

Accounts Receivables Section Head - AFGRE - Cairo Festival City - Cairo Egypt

Spanning 3 million square metres Cairo Festival City is a visionary mixed use urban community strategically located just 15 minutes from Cairo International Airport, along the Cairo Ring Road. Cairo Festival City features Egypt's first indoor-outdoor retail and entertainment resort combined with luxury residential communities, prime office spaces, internationally renowned hotels, schools and an automotive park all set within a lush landscaped environment.

We are seeking to hire an Account Receivables section Head; the successful candidate's key responsibilities will include handling all the operational activities1 and managing, controlling and reviewing all AR and revenue recording process for all businesses2, whether it is for a new or an existing project of the Group's Real Estate division in Cairo.

1 Operation activities includes Retail operations, Commercial and Residential, city management utilities revenues, setting related systems, data base, work flow, relations with various related departments, creating solid reliable, controlled revenue recognition process and its related systems, maintain leasing status reports.
2 Revenue recording process for all businesses includes controlling collections, tracking any bounced cheques, creating various revenue reports and analysis, insuring application of all contract terms with tenants and customers, and create cash inflow reports.

Requirements

As an Account Receivables section Head background will be in corporate finance including advanced financial modelling skills, valuations and exposure to project evaluation and business case preparation; The ideal candidate will have good working knowledge of the construction/development and real estate industry, including hospitality, commercial, retail, residential and infrastructure developments in addition 7 - 9 years of experience in a similar position with a top tier accounting firm or investment bank; Excellent business acumen and advanced investment appraisal, analytical, problem solving and decision making skills; Strong communication and report writing skills, with fluent verbal and written communication in English. International experience is an advantage.
Applicants who do not meet the above criteria will unfortunately be declined from this opportunity.

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.