Senior Accountant - GL | Real Estate | Shared Services

Job Requisition ID: 165804 

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role:

The role centers on guaranteeing precise business reporting through month-end, quarter-end, and year-end closing procedures. This involves coordinating with departments, analyzing financial data for accuracy, and ensuring compliance with accounting standards during audits.

What you will do:

• Ensures an accurate & timely month, quarter & year-end closing providing all necessary regular & irregular analysis.
• Maintaining the Chart of Accounts; ensuring adequate and proper classification among accounts’ groups.
• Prepare monthly management reports.
• Ensure a clean & timely year-end audit and assist with financial audits, prepare audit schedules, and interface with auditors.
• Responsible for preparing and distributing timely, accurate financial statements and all Analytical reports related and non-related to the financial statements.
• Participate in special projects, ERP implementation, system enhancements, or ad-hoc analyses as assigned.
• Ensure reconciliation of inter-company accounts and rectification of reconciling items.
• Ensure that all the financial transactions are properly accounted for in the General Ledger and the correct cost and profit centers.
• Handling intercompany cost allocations.
• Maintaining accurate revenue and cost recognition databases.
• Ensure all month-end entries are passed in the system like pre-payments, accruals, etc.
• Monitoring bookings of tax entries, especially VAT accounting.

Required Skills to be successful:

• Minimum 3-5 years of experience
• Excellent in Microsoft Excel, PowerPoint, and WinWord.
• Strong understanding of setting up and organizing databases and spreadsheets.
• Strong verbal and written communication skills.
• SAP financial application experience preferred.

What equips you for the role:

• A Bachelor's degree in Accounting or Finance is required.
• Strong knowledge of Egyptian Accounting Standards and IFRS.
• Solid background in real estate sector accounting.
• Strong Tax accounting and filing experience is preferred.

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.