Chief Accountant

2 weeks ago

United Arab Emirates Majid al Futtaim Properties Full time

Majid Al Futtaim Retail invites you to join us in our quest to create great moments for everyone, everyday We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year.

For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification.

We have over 40,000 team members in 15 international markets representing over 100 nationalities - all keeping the customer at the heart of everything we do.

If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

Role Purpose:

  • The Chief Accountant is responsible for assisting the Accounting Manager, who will be responsible for providing timely and accurate reporting. The role holder is also responsible for reviewing the accounts function to facilitate financial accuracy and reliability.

Role Details - Key Responsibilities and Accountabilities:

Accounts Management

  • Close monthly accounts as per the deadline including accrual and prepayment entries in the ERP system
  • Monitor Accounts Payable/Receivable functions with specific responsibility for performing activities related to the monitoring of accurate processing of authorized invoices
  • Monitor and handle bank payments and balances
  • Review and sign off monthly/quarterly/period end reconciliation for all key balance sheet items
  • Ensure Maintenance of head office and intergroup reconciliations
  • Ensure books, records, reports and systems are available at all time for audit by internal and external auditors
  • Prepare Profit centre/Product category wise performance and variance analysis
  • Prepare the monthly operating management reports and help the managers in their monthly analysis of their revenue and staff cost.
  • Applied IFRS.16 and reviewing contracts.

Administrative

  • Oversee the control of the Petty Cash for the Head Office
  • Oversee the preparation of statutory accounts in the Head Office
  • Ensure that books of accounts are maintained in accordance with IAS and Retail Financial Policy
  • Prepare the monthly management report (Financial result) in an accurate and timely manner

Suppliers

  • Ensure timely payments to all MAF Retail suppliers
  • Coordinate with Head office legal department and suppliers for Head Office agreements preparation and follow up properly the same
  • Follow up and analyse Intercompany transfers and recharges

Payroll

  • Review the payroll preprocess and process the monthly card for staff salaries, full and final settlements and intercompany / head office transfers

Reporting

  • Prepare and report financial performance of MAF Retail on a monthly basis comprising profit and loss account and balance sheet account before the deadline of every month
  • Provide various reports in coordination for monthly MIS, budgets, forecast, in relation to finance function
  • Prepare accurate reports of activities as required by the management team
  • Ensure that all financial and regulatory reports required by law, regulations, and management are completed

Policies and Procedures

  • Ensure that all financial accounting and reporting in the company are as per the International Accounting and Financial Reporting Standards (IFRS)
  • Recommend improvements to functions policy and implement procedures and controls covering all areas of the Finance function, so that all relevant functions are fulfilled while delivering quality, cost effective service to customers

Human Capital Responsibilities

  • Assist with the implementation of the performance management process by setting objectives, monitoring performance, and provide constructive feedback and provide inputs to senior management
  • Provide mentorship for the purpose of developing a continuous talent pipeline for key roles
  • Provide inputs on training needs and coordinate with the HC department to ensure facilitation of training requirements
  • Develop and implement on the jobtraining for the team
  • Provide inputs for the development of annual manpower plan
  • Ensure the implementation of MAF Retail's corporate policies and relevant procedures
**Definition of Success

  • Timely issuance of payments
  • Timely closing process
  • Timely and accurate maintenance of accounting records
  • Accuracy and timeliness of reports
  • Timely submission of audit requirements
  • Number of errors reported by external auditors

Personal Characteristics and Required Background:

Minimum Qualifications/education

  • Bachelor of Accounting.

Minimum experience

  • 3+ years in a Tax department with a Managerial role
  • 2+ years in the retail business

Skills

  • Excellent Analytical skills
  • Excellent communication skills
  • Attention to details
Majid Al Futtaim follows a holistic sustainability strategy
_Dare T

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