Accountant - Accounts Payable

Job description / Role

The Accounts Payable Accountant is responsible of timely processing and booking of daily accounts payable transactions ensuring correctness and accuracy as well completeness of information recorded in the Accounting System.

Should verifies accounts payable transactions compliance with MAFPs Policies and Procedures as well as DOA, and ensures that all transactions are in accordance with relevant LPO/Agreement as well as within applicable rates.

Position Accountabilities:

Business Insights & Support
- Ensure timely process of all suppliers invoices as well as other accounts payable transactions in order to meet payment due dates.
- Efficiently communicate with suppliers and vendors in relation to their requests, issues, or requirements and take the necessary action accordingly.

Financial Control & Stewardship
- Adhere to and follow the companys controls in all Accounts Payable processes and procedures.
- Analyze the advances account and identify issues as well as long outstanding transactions in order to take the appropriate actions.

Financial Reporting and Transaction Processing
- Review all suppliers' invoices, ensuring compliance with applicable policies and procedures.
- Ensure all the received invoices are authorized for payment as per the DOA and related supporting documents are correct as well as complete.
- Check that services/materials have been properly received in the system in good condition before processing any invoice for payment.
- Check and book automatic accruals from PO/AP modules
- Book all the creditors' invoices through the system after attaching relevant LPO, agreement/contract, and other supporting documents.
- Ensure all the costs are allocated properly to the respective Cost Centers through the pre-determined list of cost centers.
- Ensure all the Accounts Payable transactions are properly accounted for, by selecting the appropriate ledger accounts (Expense, Inter-company, Prepayment, Advance, Accrual ).
- Ensure all of the details of invoices are captured fully as well as properly in the system.
- Stamp all booked invoices and note down the reference clearly.
- Perform suppliers accounts reconciliation as and when assigned.
- Communicate to and coordinate with the Fixed Assets team with regards to Fixed Assets Numbers for all routine capital procurements ensuring proper selection.
- Review the invoice tracking sheet on monthly basis to identify any required accrual and report on the same.
- Follow the accounts payable monthly closing check list ensuring proper and timely accounts payables monthly closing process/procedures.

Compliance
- Ensure any transaction processed is in compliance with MAFP Policies and Procedures, authorized according to applicable DOA, and supported by required supporting documents.

Developing Talent & People
- Ensure obtaining updated knowledge in connection with accounts payable accounting and transactions.
- Ensure achievement and compliance with targeted KPIs for the Accounts Payable Departments.

Requirements

- Bachelors degree in accounting or finance.
- Minimum of 3 years experience in A/P Accounting.
- Analytical skills.
- Initiative, detail oriented and self motivated team player.
- Should possess good interpersonal and communication skills.
- Should possess good internal and external customer services skills.
- Should possess a high degree of efficiency and integrity.
- Extensive knowledge in computer applications (especially MS Excel) and business solutions software skills.
- Experience in working with Oracle, SAP, and/or JDE is a plus.

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.