Jobs in the UAE: Accountant Revenue at Majid Al Futtaim
Applicant criteria
- No specific age required
- 3-5
- Both
Opportunity criteria
- Temporary
Opportunity description
Duties & responsibilities
You will be responsible for:
- Run monthly recurring billing and ensure the monthly revenues booked agree with the signed lease agreements.
- Prepare and update receipts to tenants for various payment collection i.e. rent, utilities and deposits, etc.
- Review and reconcile tenant accounts balances for revenue and receivables with GL on monthly basis and ensure no integrity issue is pending.
- Run IAS 17 and ensure the accuracy of adjustment entries processed on a monthly basis.
- Prepare tenants’ statement of account as and when required.
- Assist and provide swift feedback to Leasing and Asset Management teams in day to day transactions pertaining to renewal, amendments, surrender and new deals.
- Provide historical information and analysis as and when required.
- Support the business by reducing review and processing time for all Revenue and Receivables transaction, i.e. refunds, Statement of Accounts, and billing.
- Ensure the clearing of any reconciling item resulted from revenue bank accounts reconciliation on timely basis.
- Review and ensure correctness of tenants’ balances for advances, deposits, receivables and revenue on monthly basis.
- Coordinate with the Oman / Bahrain offices daily and ensure that the daily bank processing for all collections are performed on a timely basis.
- Submit monthly consolidated financial key information related to A/R and revenue area.
- Review percentage rent calculation and ensure accuracy completeness and timely billing.
- Review all tenants’ refunds ensuring compliance with lease agreements and the company’s financial policies and procedures.
- Ensure Tenant Variation to standard lease terms and conditions are duly supported with TVR form approved as per DoA requirements.
- Review tenant utilities recovery accounts and ensure all tenants are paying either through lease agreement or on actual consumption basis.
- Prepare tenants' accounts reconciliations as well as follow-up on pending issues and old outstanding items.
- Ensure Proper review and check over billing and collection process ensuring timely and accurate generation and distribution of A/R invoices and receipts.
- Assist in other ad-hoc analysis, financial reporting and other various tasks related to areas of responsibility.
- Ensure compliance with the MAFP SMBU’s Code of Conduct, Departmental policies and HC Policies and Procedures at all times.
- Be the advocate and ambassador of aligning and cascading the MAFP values in the assigned area of responsibility and ensure that it is adhered to and exhibit the same all the time.
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Eligibility criteria
You must have:
- Bachelor’s degree in Accounting or Finance.
- Professional qualification such as /ACMA /ACCA etc., is a plus.
- Minimum 3 –4 years of post-qualification experience working within a Finance support function.
- Good knowledge and experience of A/R and Revenue Accounting within a reputed real estate development / asset management organization in GCC or abroad in a similar role.
Please note: This position is temporary contract for 6 Months.
About Majid Al Futtaim:
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail, and leisure pioneer across the Middle East and North Africa (MENA). A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment, and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporations in the Middle East. Majid Al Futtaim owns and operates 20 shopping malls, 12 hotels, and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and My City Centre neighborhood centers, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across the Middle East, Africa, and Central Asia, and operates a portfolio of more than 160 outlets in 15 countries.
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