Assistant Manager - Finance AP | Real Estate | Shared Services

Job Requisition ID: 169855 

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:

Plans, organizes, assigns, reviews, and evaluates the work of assigned professional and technical support staff. Ensure accurate business reporting and general ledger daily operations by adhering to robust closing activities.

What you will do:

• Ensures an accurate & timely month, quarter & year-end closing, providing all necessary regular & irregular analysis.
• Prepares and directs of daily vendor payment recommendation.
• Review and verify all bank transfers prepared by the accountants.
• Manages all Payment vendors within the due date.
• Review and verify all SAP vendor contracts / Pos.
• Process and review fixed asset module SAP transactions.
• Develops, implements, and maintains systems, procedures, and policies, including accounts payable functions to ensure adherence to company guidelines.
• Follow up and prepared the prepaid expense across all SPVs.
• Follow up and prepared the accrual expense across all SPVs.
• Ensure reconciliation of GRIR -SPGLs third-party and inter-company accounts and rectification of reconciling items.
• Provides accounting assistance to the AP Department accountants.
• Respond to vendor inquiries and clarifications.
• Respond to the line manager's special assignment.
• Interface with management in other departments.
• Month-end, quarter-end, and year-end closing section activity.
• Review and support the preparation of Cash reports.
• Ensure all month-end entries are passed in the system, like pre-payments, accruals, etc.
• Preparing and sharing the weekly payment log and controlling the process efficiency.
• Support the internal and external auditors with their requirements.
• Control and monitoring the stock of all types of vendors' letters of guarantee.

Required Skills to be successful:

Minimum 5 years of relevant experience in the Real Estate sector.

What equips you for the role:

• Bachelor's degree in Accounting, or a related field.
• Ensure all month-end entries are passed in the system, like pre-payments, accruals, etc.
• Preparing and sharing the weekly payment log and controlling the process efficiency.
• Support the internal and external auditors with their requirements.
• Control and monitoring the stock of all types of vendors' letters of guarantee.

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.