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Recruitment in Al Futtaim Group Senior Accountant -Treasury Operations | Finance Shared Service Center | Corporate Services (Dubai, AE)

Job Requisition ID: 154912 

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.

We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Senior Accountant – Treasury Operations.  

Overview of the role
As a member of Treasury Back office team, you will be supporting the Al Futtaim Global Treasury Centre (GTC) and the Business Units on the following:

• Liquidity Management through reporting and payment operations
• Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
• Forex and derivative back office operations including confirmation processing, settlements etc.
• Trade finance documentation review & issuance and coordination with banks
• Settlements and Accounting journals for all treasury related transactions through SAP TRM/ERP
• Month end closing activities and audit 

What you will do

Daily Liquidity management

• Preparation of daily liquidity report for all the Group’s bank accounts and Treasury exposures
• Preparation of all transfer letters manually / online in a timely manner to manage the funds appropriately.
• Timely and accurate reporting of all Treasury exposures
• Ensuring all Treasury payments are executed smoothly.

Loan and deposit operations

• Supporting GTC by the provision of necessary reporting in relation to the Group’s loan portfolio of both internal and external loans.
• Preparation of /drawdown / settlement / rollover / pre-settlement request letters in a timely manner either manually / online
• Preparation and submission of deposit placement requests to banks and ensuring the receipt and matching of bank confirmations
• Timely updating loan schedules
• Ensuring timely preparation and submission of loan requests to banks and ensuring loans are received/ repaid

Forex and derivatives

• Ensuring that Forex, options and derivative transactions are confirmed and settled after reviewing bank confirmations
• Timely and accurate completion of the confirmation matching and settlement processes

Trade Finance instruments review & issuance

• Ensuring that requests received from GTC to issue trade finance instruments (Letter of credits, Advance payment guarantees, bid bonds, retention bonds, Stand by Letter of Credits etc) are acted in a timely manner after ensuring DOA compliance 
• Supporting with the back-office activities in relation to export letter of credits and bank guarantees received
• Preparation of LC discounting documents to discount and receive payment in a timely manner.
• Preparation of monthly report on all outstanding guarantees & LCs and sending to business for closure of outstanding guarantees.
• Timely issuance of trade finance instruments post review and approval in accordance with DOA.
• Timely support on export LCs and guarantees received.
• Timely updating & tracking all trade finance instruments and raising early warning signals on due dates & outstanding instruments.

Accounting & Audit

• Ensuring that all treasury related transactions (Loans, liquidity, Forex, Trade finance, charges & Interests) are accounted in a timely manner through processes in SAP TRM or ERP
• Ensuring all month end treasury activities of reconciliations, treasury schedules, audit schedules are prepared in a timely manner.
• Timely & accurately posting all accounting journals for treasury transactions.
• Timely closure of all month end activities being postings, reconciliations & schedules.

Required skills to be successful

• Analytical
• Process oriented
• Good communication skills
• Exposure to ERP

What equips you for the role

• A bachelor’s/master’s degree in commerce/financial management/ accountancy.
• With three to five years of experience within the Treasury, function of a medium to large organization or banks.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Recruitment in Al Futtaim Group Sr. Accountant (Dubai, AE)

Job Requisition ID: 154823 

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 world’s 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:

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:

Responsible for:

Customers

•  To provide financial support to internal customers: Regional Mall Management and Mall Owner, Retail business team, HR and FM, in relation to Business Review, financial reporting, budgeting and forecasting through effective communication in order to meet the business needs

Key Accountabilities:

• Responsible for complete accounting cycle for assigned Retail companies. (Revenue, Expense, Closing & Reporting)
• Ensure the activation of leasing contracts after review and perform posting run for all leasing contracts in a timely manner
• Verification of LPO’s, coding and posting of approved expenses in respective GL Accounts, cost centres and ensure approval per DOA for Opex & Capex
• Ensure payments are released per agreed payment terms and all supporting documents are in compliance with Company Policies & Procedures and ensure approval per DOA
• Preparation and review of annual budget, quarterly forecast, 5 year Plan and KPIs thereof
• Liaise with consolidation team and provide the cash flow inputs for weekly and monthly forecasts
• Building of excel models and automations, presentation for all management reporting’s within the stipulated timelines

Job Context:

Senior Accountant – Business Decision Support – Retail shall ensure that the Accounting Policies of Al Futtaim Malls are upheld and that all reporting is in accordance with International Financial Reporting Standards.

Required skills to be successful:

Job-Specific Skills:

•  Well-versed in IAS / IFRS.

Behavioural Competencies :

• Ability to manage time appropriately, communicate effectively with team members and business

What equpis you for the role:

Minimum Qualifications and Knowledge:

• Graduate degree in commerce / accounting / finance with knowledge of Financial Management and Accounting Systems is necessary.
•  Advanced knowledge of ERP Financial Software is necessary; SAP and Yardi expertise will be preferred.

Minimum Experience :

• 3-5 years of relevant experience working in diverse teams; retail leasing environment experience will be preferred.

About Al-Futtaim Malls 
Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers. 

Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt, Doha Festival City in Qatar and Zenata Mall, Morocco.

Leveraging on the expertise of its parent company, Al-Futtaim Malls established PLEX Management Services offering a full array of services including asset management and development, leasing, and brand experience expertise to shopping mall landlords and retail organizations globally. Implementing global best practice and deploying Al-Futtaim Mall’s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners.

For more information on Al-Futtaim Malls, please visit https://ift.tt/OEILg1Z

Recruitment in Al Futtaim Group Accountant/ Receiveable (Dubai, AE)

Job Requisition ID: 154840 

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 world’s 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:

To provide financial, clerical and administrative services to ensure efficient, timely and accurate invoicing of all receivables across the Arabian Center Mall.

The role is also responsible for assisting the Finance Manager with collection targets.  A key aim of this role is to minimise bad debts in Arabian Center.

What you will do:

Responsible for:

• Ensure invoices are processed on the system for all 3rd party and internal customers in accordance with their executed Lease Agreements and provided for payment in an accurate and timely manner
• Collates and verifies documentation supporting the invoice to be issued to customers
• Prepares and sends invoice to customer as scheduled
• Researches and responds to all invoicing queries in a prompt manner.
• Generate weekly AR Aging report and other weekly AR related reports as required from existing accounting system and excel
• Responsible for managing the collection of all due invoices
• Investigate and respond to accounts receivable queries in a prompt manner.  Conduct customer account reconciliations and provide accurate Statement of Accounts to both internal and external parties.
• Assist business units to initiate proceedings to ensure outstanding debts are bought to a satisfactory conclusion

Job Context:

Executed Lease Agreement and related documents (Deed of Assignment, Deed of Surrender etc)

Credit Control Policy

Group Policy on Provision of Bad Debts

Required skills to be successful:

Job-Specific Skills:

• Ability to manage own work flow and meet deadlines while responding to frequent demands of multiple customers (internal and external)
• Strong communication skills – both oral and written. Ability to be assertive whilst still maintaining professionalism.
• A strong customer focus
• High level of attention to detail and accuracy is a must

Behavioural Competencies :

• Must have excellent interpersonal and communication (both written and verbal) skills.
• Strong organization and time management skills to ensure scheduled deadlines are met.
• Is pro-active, flexible, takes initiative and able to work under pressure

What equips you for the role:

Minimum Qualifications and Knowledge:

• 2-3 years accounts receivable and general accounting experience
• Knowledge of ERP Financial Software is necessary; Yardi expertise will be preferred.

Minimum Experience:

• 3-4 years’ experience in end to end accounts receivable procedures and processes

About Al-Futtaim Malls 
Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers. 

Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt, Doha Festival City in Qatar and Zenata Mall, Morocco.

Leveraging on the expertise of its parent company, Al-Futtaim Malls established PLEX Management Services offering a full array of services including asset management and development, leasing, and brand experience expertise to shopping mall landlords and retail organizations globally. Implementing global best practice and deploying Al-Futtaim Mall’s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners.

For more information on Al-Futtaim Malls, please visit https://ift.tt/OEILg1Z