Senior Accountant

7 days ago


Dubai, Dubai, United Arab Emirates Al Futtaim Group Full time
About the Role

We are seeking a highly skilled Senior Accountant to join our team at Al-Futtaim Group Real Estate. As a key member of our finance department, you will be responsible for ensuring the accuracy and timeliness of financial information related to residential properties sales.

Key Responsibilities
  • Complete the accounting cycle for residential properties sales, including recognition of sales revenue, cost of sale, and sales expenses in accordance with IAS, Group Policies, and DLD/RERA governing laws and directives.
  • Ensure accuracy of sales contracts conditions and information created in the system, in accordance with supporting documents, and timely activation of contracts.
  • Review and verification of physical sales documents, including Sales Approval Forms, Reservation Agreements, Sales and Purchase Agreements, and Statements of Accounts, ensuring that price and cost data are updated with the latest information.
  • Maintain a track and ensure adherence of agreed sales payment plans, updating the tracker and posting payments against customer accounts, and performing required reconciliations.
  • Flag cases of non-adherence to payment plans to the Finance Manager and Head of Sales, ensuring appropriate actions against defaulters are taken.
  • Build, maintain, and update the inventory database and module with various elements, ensuring inventory cost information is updated and in line with supporting documents and plans.
About the Company

Established in the 1930s, Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940s and 50s saw it establish itself regionally as an integrated commercial, industrial, and services organisation, positioning itself as one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominating 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 Group's 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 Group's 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.



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