Share this Job

R2R Senior Accountant

Date: 24-Jan-2023

Location: EG

Company: Majid Al Futtaim

Majid Al Futtaim Global Solutions invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

Job Purpose:

This position is based in Majid Al Futtaim Ventures Finance Shared Service Centre (FSSC). FSSC is responsible for all the transactional accounting operations of Majid Al Futtaim Ventures and its Subsidiaries. The position will be responsible for delivery on assigned Record to Report processes, Balance Sheet schedules, monthly books closing for assigned companies, variance analysis, consolidation, preparation of statutory Financial Statements, etc.

Job Details – Key Responsibilities and Accountabilities:

  • Complete day-to-day recording of transactions for assigned companies in compliance with IFRS, tax law and country specific regulations
  • Ensure monthly closing is accurate and done on time
  • Prepare monthly balance sheet schedules for all accounts, as per company policies
  • Prepare monthly intercompany reconciliations and bank reconciliations
  • Ensure balance sheet schedules, bank reconciliations and intercompany reconciliations do not have any long outstanding items
  • Ensure adherence to FSSC Service Level Agreement (SLA) with entities. Monitor and resolve customer queries/complaints
  • Maintain quality accounting records and supporting documents for all work
  • Make accounting records available for review, on a timely basis, by entities, internal auditors, external auditors and other stakeholders, as required
  • Review transactions by R2R accountants and be able to explain all posted entries to management and other stakeholders, for companies assigned to you
  • Perform quarterly consolidation for assigned companies
  • Prepare statutory financial statements for assigned companies
  • Drive continuous process improvement
  • Ensure you are always up to date with IFRS, tax laws and country accounting regulations
  • Perform assigned ad hoc duties and responsibilities as and when required
  • Train new team members
  • Lead any process changes or new process implementation within the R2R function

Measure of Success – Illustrative KPIs:

Timely and accurate monthly book closing

Timely and accurate balance sheet reconciliations

Timely and accurate intercompany and bank reconciliations

Timely and accurate consolidation

Timely and accurate good quality financial statements

Personal Characteristics and Required Background:


Minimum qualifications:


  • Bachelor’s degree in Finance/Accounting/Commerce
  • CA/ACCA/CPA qualified or near qualification


Minimum experience:


  • 5 years’ experience in a big four audit firm
  • Additional experience working in the GL function of a Finance Department will be an added advantage


Skillset (job specific technical skills and behavioral competencies needed):


  • Extensive IFRS knowledge
  • Advance MS Excel, Word and PowerPoint skills
  • Experience of working on Microsoft Dynamics AX preferred
  • Able to meet short deadlines and deliver quality work under pressure
  • Analytical and numerical skills
  • Strong customer service skills
  • Excellent written and oral communication skills - Fluent English
  • Proactive and accountable  
  • Process improvement outlook