Accountant - Accounts Payables | Real Estate| Asset Management

Job description / Role

Overview of the role:

To ensure accuracy and integrity of the company's financial records. Responsible for a wide range of accounting - payable functions, including reporting, account reconciliations, journal entries, and trend analysis. To work closely with the finance team and across departments to provide support and ensure the smooth and efficient operation.

What you will do:

Customers

• To provide support to internal customers: Malls business team in relation to financial reporting of expenses, through effective communication in order to meet the business needs and contribute to improving current processes.
• Center point of contact for Business on all expense related matters. Approving all PR's in Ariba prior to approval of Finance Manager.

Key Responsibilities:

• Responsible for complete accounting cycle for Malls. (Expense, Monthly Closing Accruals & Reporting).
• Ensure PO's are addressed in system on a monthly basis against completed works & services. Cumulative monthly provision to be reviewed and calculated on monthly basis.
• Evaluation of various expense requests in terms of justification for the expenses, budget availability etc., verification of LPO's, coding and posting of approved expenses as per budget in respective GL Accounts, cost centres and ensure approval as per DOA for Opex & Capex.
• Ensure approved payments are released as per agreed payment terms and all supporting documents are in compliance with Company's Policies & Procedures and approved as per DOA, including timely settlement for Intercompany payments.
• Liaise with FP&A team and provide the cash flow inputs for weekly and monthly forecasts.
• Ensure timely and accurate accounting for all operating expenses (Opex) and capital expenditures (Capex) and provide detailed schedules to the Financial Planning & Analysis (FP&A) team to aid in budgeting and forecasting.
• Prepare expense trackers and reports at the end of each month for submission to the FP&A team for review and dashboard reporting preparation.
• Ensure Balance sheet reconciliation is conducted on a quarterly basis with detailed schedule for all expense related items for Finance Manager's review.
• Ensure that all recoverable expenses are accurately and promptly recorded in coordination with both the Accounts Receivable team and the business team.
• Ensuring all payments are reviewed before getting released and providing confirmation to signatories and reviewing cashflow impact.
• Providing support to FP&A for preparing schedules (Utilities, Capex, Expenses etc.) and coordinating with external auditor.
• Coordinating with Bank for necessary DOA updates like signatories, access, preparing Memos and liaise with Owner for necessary approvals.

Required skills to be successful:

Behavioural Competencies:

• Good interpersonal skills, adaptive, self-motivated, organisational skills, ability to manage stress.
• Excellent communication and interpersonal skills are essential.
• Ability to drive continuous improvement adopting best practice.
• Strong analytical and problem-solving skills.

What equips you for the role:

Minimum Qualifications and Knowledge:

• Bachelor's degree in finance, accounting or a related field.
• Advanced knowledge of ERP Financial Software is necessary; SAP expertise will be preferred.

Minimum Experience:

• 3-5 years of relevant experience working in Business finance; Real estate experience will be preferred.

Job-Specific Skills:

• Proficiency in MS Office (Word, Excel, PowerPoint).
• Extensive knowledge of Financial package SAP (preferred) and/or other ERP.
• Ability to communicate firmly and clearly with Vendors.
• Ability to develop strong relationships.
• Must be assertive; able to deal with stakeholders at all levels.
• Ability to accurately book financial data and identify trends.
• Ability to interpret and apply accounting standards.
• Ability to identify and resolve accounting discrepancies.

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.

Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.

AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.

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.