Senior Accountant - Consolidation & Reporting

Job description / Role

The primary role of the Senior Accountant - Consolidation & Reporting involves assisting the Senior Finance Manager in the consolidation & reporting process of the Properties Group and assisting the Financial Systems Accountant in the development, implementation and administration of the financial systems of Majid Al Futtaim Properties such as Oracle and Hyperion Financial Management (HFM).

Requirements

Business Insights and Support:
- Assisting in the maintenance of MAFPs Chart of Accounts in Oracle & HFM including, but not limited to, adding new values in the COA, maintaining cross validation rules, security rules, inter-company rules etc.
- Assisting in closing of the books of accounts in Oracle on a monthly basis and liaising with IT department in case of technical issues faced by the users to ensure that books are closed per the stipulated timetable.
- Assisting in closing of the monthly consolidation in Hyperion for management purposes including, but not limited to, passing journal entries for management related adjustments, completing the non-financial information forms etc.
- Assist in review of the MAFP consolidated balance sheet by obtaining inputs from the BUs and corporate finance team.
- Assisting in the review and analysis of group reporting packs and other relevant information submitted by the BUs in HFM for the purpose of quarterly and year-end statutory consolidation and financial reporting purposes.
- Assist in preparation of MAFPs stand alone and consolidated financial statements including financial statements for all corporate entities as per the timetable agreed with the external auditors.
- Coordinate with external auditors; act as a first point of contact for providing all relevant financial reporting information during the interim and final audits.
- Assist in the submission of financial reporting information in HFM for both statutory and management related purposes to the parent company (MAF Holding) per the stipulated deadline.


Minimum Education Qualifications
- Minimum of bachelors degree in business, finance, economics, management information systems or computer science.
- Candidates appearing for ACCA / CA / CPA / CISA will also be considered

Minimum years of On- The- Job Experience
- Excellent MS Excel skills required.
- General knowledge of Oracle and Hyperion (HFM) is an added advantage.
- General knowledge of IFRS (International Financial Reporting Standards) is an added advantage

About the Company

Majid Al Futtaim Properties is one of MENAs leading diversified property companies with operations across shopping malls, hotels and mixed-use communities.

The Shopping Malls Business Unit, an industry leader, owns, manages and develops mall destinations that provide memorable shopping, entertainment and social experiences for its customers. Majid Al Futtaim Properties has pioneered the regional face of retail, leisure and entertainment, since the launch of its first mall, Deira City Centre in 1995. The companys mall portfolio includes 17 shopping centres across UAE, Bahrain, Oman, Egypt and Lebanon with a combined gross leasable area (GLA) of over 1 million sqm, more than 2,800 tenants and an increasing footfall of over 160 million visitors in 2013.

The Hotel Business Unit develops and manages hotels and branded serviced apartments that are synergistic with the companys malls. Majid Al Futtaim owns nine hotels in the UAE and two in Bahrain. Their strategic proximity to the malls contributes to welcoming over 1.2 million guests annually.

The Communities Business Unit develops quality mixed-use projects anchored by residential housing. Majid Al Futtaim currently has three communities under development. The Wave, a joint venture with the government of Oman to develop Muscats largest ocean-front integrated community; Al Zahia, a joint venture with the Government of Sharjah, to build the Emirates first gated residential community with a regional mall in a prime growth corridor; The 250,000 sqm Waterfront City development in Beirut, Lebanon, a joint venture with Socit Joseph Khoury & Fils Holding SAL to build Beiruts premier mixed used community with one of the largest marinas in the Mediterranean.

Majid Al Futtaim Properties is recognised as a sustainability leader in the MENA region. According to the 2013 Global Real Estate Sustainability Benchmark (GRESB) survey, the company ranks No. 1 in MENA, second in the Asia-Pacific region and in the top 133 property businesses worldwide. In 2013, Majid Al Futtaim launched its new five-year sustainability strategy with the vision to enhance peoples lives through sustainable real estate. This commitment is reflected in Majid Al Futtaim Properties pioneering standards, prosperous communities and high performance assets.