Assistant Manager - Finance

Job description / Role

Job Profile

Responsible for the financial reporting, analysis and accounting functions for LPMS, including but not limited to:

- Leasing & Lease Analysis
- Accounts Payable & Accounts Receivable
- Negotiation with Supplier, Vendor & Customers
- Accounting & Book-Keeping
- Monthly & Yearly book & period closing activities
- Handling Audit & Audit Queries
- Revenue Accounting, Corporate Tax & VAT
- Financial Planning & Reporting
- Budgeting & Capital Planning

JOB DESCRIPTION & OVERALL RESPONSIBILITIES

Leasing

- Leases review prior to agreement dispatch to tenant and prepare payment schedule
- Check payments with tenant signed lease and ensure all payments are received

Accounts Receivable

- Maintain leases billing tracker
- Identify units due for billing, update the tracker cross checking with leases and share it with C2C for invoice booking
- Review and approval of rental, utility billing schedule, check invoices in OFIN prior to circulate
- Prepare and share the schedule with Shared Services for receipt voucher booking
- Computation of Percentage rental and billing (if applicable).
- Billing of other revenues (signage and other miscellaneous revenues)
- Review and approval of AR receipts booking schedule
- Maintain and safe keeping of PDC's received and follow up for timely deposit
- Payment follow up with tenants and reconciliation
- Monthly Outstanding Receivables & Ageing report . Including follow-up, timeline & action plan - Debtor Wise

Accounts Payable

- Supplier negotiations for services and procurement
- Creating purchase orders
- Review and approval of payments shared by P2P team
- Checking of Petty Cash vouchers
- Monthly attendance check and GRN working for FM Services, Cleaning and Security staff

Accounting, Monthly & Yearly period closing activities

- Reconcile Accounts Payable, Accounts Receivable, PDC's in hand and match subledger with Trial Balance
- Coordinate with FM & Marketing team for provision creation
- Review and approval of provisions
- Review and approval of provision reversals for GRN performed items.
- Capex upload and depreciation run.
- Reclassification entries
- Banking and Bank Reconciliation
- Review and approval monthly TFAR schedules
- Prepare Group Reporting Pack as per group format.

Revenue accounting

- Maintain rental amortization schedule.
- Review and approval of monthly rental amortization

Audit

- Liaison with External, Internal Auditors and reply to their queries
- Provide Reports, Schedules and samples required for audit.

Corporate Tax & VAT

- Prepare and share the reports required for Corporate Tax & VAT submission as per central Tax & VAT team requirement
- Participate in Tax & VAT submission review meeting, answer to review queries.

Financial Planning & Reporting :

- Develop, implement and monitor the financial plans, budgeting, and forecasting. The incumbent must identify areas of financial risk and opportunities for cost-saving measures.
- Prepare monthly financial reports, including profit and loss statements, balance sheets, MIS, Cash flow statements etc. and present them to senior management.

About the Company

Founded in 1973 in Bahrain, the Landmark Group has successfully grown into one of the largest and most successful retail organizations in the Middle East. An international, diversified retail conglomerate that encourages entrepreneurship to consistently deliver exceptional value, the Group operates over 900 stores encompassing a retail presence of over 13 million sq. ft. across Middle East, India, Egypt, Turkey, Yemen and Pakistan (franchise operation). The Group employs around 31,000 employees.