Senior Accountant - FPandA Real Estate Asset Management

Job Requisition ID: 171152

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 Arab 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 worlds most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization 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 Senior Accountant plays a key role in upholding Al Futtaim Malls’ accounting policies and ensuring all financial reporting aligns with International Financial Reporting Standards (IFRS). The role supports the integrity, accuracy, and transparency of financial operations and forecasting. It also includes providing technical accounting guidance on complex transactions, assisting in the implementation of new accounting standards, and ensuring full compliance with group policies and regulatory requirements.

To manage and control various financial and accounting systems and procedures of the company in accordance with the internationally accepted standard and monitor its internal control to ensure financial stability and maintain complete transparency and accuracy in the system.

What you will do:

Internal Stakeholder Support

• Provide timely and effective financial support to internal stakeholders including Regional Mall Management, Mall Owners, Retail Business Teams, HR, Marketing and Facilities Management.
• Support includes business reviews, financial reporting, budgeting, and forecasting, tailored to meet business requirements through clear and proactive communication.
  
  

Key Responsibilities

• Responsible for complete accounting cycle for Arabian Center Mall. (Revenue, Expense, Closing, Reporting, Audit & CIT).
• Ensure leasing contracts are activated after verification and execute contract-related posting runs accurately and on time.
• Review and verify LPOs, accurately code and post approved expenses into relevant GL accounts and cost centers, ensuring compliance with Delegation of Authority (DOA) for both Opex and Capex.
• Ensure Balance sheet reconciliation is conducted on a quarterly basis and items required further analysis to be highlighted and device plans to reconcile.
  
  

Planning & Forecasting

• Lead the preparation and review of annual budgets, quarterly forecasts and related KPI tracking.
• Coordinate with the consolidation team to deliver timely and accurate cash flow inputs for both weekly and monthly forecasts.
  
  

Reporting & Analysis

• Build and maintain dynamic Excel-based models and automation tools to support effective and insightful management reporting.
• Building presentation for all management reporting’s within the stipulated timelines
• Develop and maintain Power BI dashboards to enhance visibility into financial performance and support decision-making based on evolving business needs.
  
  

Compliance & Audit

• Assist Finance Manager in preparing and coordinating with the respective business to complete the budget and forecast exercise on quarterly and annual basis.
• Manage and coordinate internal and external audit processes, ensuring timely submission of required information.
• Oversee accurate and timely filing of corporate income tax, VAT returns, and other statutory obligations.
• Support transfer pricing compliance by preparing relevant documentation and working closely with group tax and external advisors.
  
  

Required skills to be successful:

Minimum Qualifications and Knowledge:

• CA/ACCA/Post-graduate degree or any other equivalent qualification in commerce / accounting / finance with knowledge of Financial Management and Accounting Systems is necessary.
• Advanced knowledge of ERP Financial Software is necessary; SAP/Yardi expertise will be preferred.
  
  

Minimum Experience:

• 5-7 years of relevant experience working in diverse teams; real estate construction / projects environment experience will be preferred.
  
  

What Equips you for the role:

Job-Specific Skills:

• Strong understanding and application of IAS/IFRS standards.
• Proficient in MS Excel, data modelling and visualization tools including Power BI.
  
  

Behavioural Competencies:

• Strong organizational and time-management skills.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across functions.
• High attention to detail and commitment to accuracy and quality.
  
  

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.

---