| Senior Accountant – Al Futtaim Group Real Estate | |
| Al Futtaim Group Dubai, UAE Ref: HP698-3795 |
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The RoleThe RoleAl-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group which is headquartered in Dubai. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects and the leasing, sales and operation of these projects after completion.In addition, AFGRE develops and operates an extensive multi-million dollar portfolio of individual corporate real estate and investment assets across the MENA region.The two current flagship mixed use urban communities under the Festival City brand are the award winning, Dubai Festival City (5.2 million square metres) and Cairo Festival City (3 million square metres).About Al-Futtaim Real Estate AFRE offers comprehensive services from selection of site and feasibility studies to construction and property management. The range of properties administered and leased in the UAE includes warehouses, showrooms, workshops, offices, villas and apartment buildings. Al Futtaim's warehousing complex at Rashidia in Dubai, measuring over one million square feet, is by far the largest owned by any company in the Gulf. The company also has some 200,000 square feet of showroom space and 600,000 square feet of workshops in Dubai, Abu Dhabi, Fujairah, Sharjah, Ajman and Umm Al Quwain. Residential properties in Dubai owned by Al Futtaim Real Estate, include some 900 apartments and villas like Al Garhoud, Safa village and Al Hamriya Villa Compounds, Dar Al Muteena, Dar Al Buteen, Dar Al Buteen II, Dar Al Khabeesi, and Dar Al Muragabat. These properties are characterised by a high standard of accommodation and leisure facilities. In keeping with the economic growth of the United Arab Emirates and Dubai, it is envisaged that Al-Futtaim Real Estate will concentrate its efforts and resources towards the development of prestigious real estate complexes to supplement the growing demand for commercial and residential properties.We are currently looking for a senior accountant to be based in our Dubai operation. Your primary output in this position is support the financial controller in the production of the development accounts of the Real Estate business and to ensure that internal controls and DOA is followed and adhered to.Your additional responsibilities are to:* Ensure the accurate and timely capitalization of assets* Ensure recording of residential sales in accounted for accurately / timely and that the residential sales accounts receivable is followed up* Maintain all insurance policies for the real estate business and renewals are followed up timely* Ensure that the accounts payable function is performed effectively and in compliance with DOA and to ensure that all relevant checks are made before releasing suppliers' payments. This is applicable for both third-party as well as related party suppliers* Prepare and initial review of the balance sheet reconciliations on a monthly basis the SPVs / legal entities assigned* Ensure completion of month end accounts relating to the development projects as well as preparing the necessary yearend audit schedules to support the financial statements relating to CWIP + Fixed asset movements. |
RequirementsRequirementsFor you to apply, you must have the experience and qualifications detailed below:* A Business Degree in Accounting, Economics or Finance, * It is advantageous if you are CA/CPA qualified * At least 5 years' experience in the finance field of which 2 years would have been in a similar role.For you to excel in this position you must at least have the following job-specific skills: * Excellent business acumen, and problem solving skills* Attention to detail and ability to work to tight and non-negotiable deadlines* Highly organized and ability to prioritise workload* Strong analytical skills* Advanced knowledge of ERP Financial Software, (SAP expertise would be an advantage)* Proficiency in English, MS Word & Excel |
About the CompanyAbout the CompanyEstablished 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 Group’s 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 Group’s 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. |
This Position is closed or expired
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