Accountant - Accounts Payable (Arabian Centre)

Al Futtaim Private Company (LLC); Dubai; On-site; AED 180,000 - 300,000; Full time

Job summary

Al Futtaim Private Company (LLC) in Dubai seeks an experienced accounting professional to manage the complete accounting cycle for malls, ensuring accuracy of expenses, accruals and reporting.

You will apply VAT codes per FTA guidelines, coordinate with FP&A and auditors, and ensure timely processing of payments, intercompany settlements and balance sheet reconciliations.

Qualifications

• Experience managing end-to-end mall accounting processes.
• Knowledge of VAT and FTA guidelines.
• Ability to prepare schedules for tax and support FP&A.

Responsibilities

• Handle complete accounting cycle for malls, including expenses, accruals and monthly reporting.
• Apply VAT codes and verify mall expenses per FTA guidelines.
• Prepare expense schedules for Corporate Tax and liaise with FP&A.
• Ensure POs are processed monthly against completed works & services.
• Review monthly provisions, verify LPOs, and code/post expenses to the correct GL accounts per budget.
• Ensure payments are released per DOA and support intercompany settlements.
• Maintain accurate Opex and Capex accounting and provide schedules to FP&A for budgeting/forecasting.
• Prepare monthly expense trackers and dashboard reports for FP&A review.
• Perform quarterly balance sheet reconciliations with detailed expense schedules for Finance Manager.
• Coordinate with AR and business teams to record recoverable expenses and assess cashflow impact.
• Support FP&A with schedules (Utilities, Capex, Expenses) and liaise with external auditors.
• Coordinate with bank for DOA updates and liaise with Owner for approvals.

Skills

Accounts payable

Financial reporting

VAT compliance

Journal entries

Reconciliations

Budgeting & forecasting

Intercompany payments

Job description

Overview of the role:

To ensure accuracy and integrity of the company's financial records. Responsible for a wide range of accounting - payable functions, including reporting, account reconciliations, journal entries, and trend analysis. To work closely with the finance team and across departments to provide support and ensure the smooth and efficient operation.

What you will do:

Responsible for complete accounting cycle for Malls. (Expense, Monthly Closing Accruals & Reporting). Apply the correct VAT codes and verify all Mall expenses in line with FTA guidelines. Prepare expenses schedule for Corporate Tax and highlight to FP&A team. Ensure PO's are addressed in system on a monthly basis against completed works & services. Cumulative monthly provision to be reviewed and calculated on monthly basis. Evaluation of various expense requests in terms of justification for the expenses, budget availability etc., verification of LPO’s, coding and posting of approved expenses as per budget in respective GL Accounts, cost centres and ensure approval as per DOA for Opex & Capex. Ensure approved payments are released as per agreed payment terms and all supporting documents are in compliance with Company’s Policies & Procedures and approved as per DOA, including timely settlement for Intercompany payments. Ensure timely and accurate accounting for all operating expenses (Opex) and capital expenditures (Capex) and provide detailed schedules to the Financial Planning & Analysis (FP&A) team to aid in budgeting and forecasting. Prepare expense trackers and reports at the end of each month for submission to the FP&A team for review and dashboard reporting preparation. Ensure Balance sheet reconciliation is conducted on a quarterly basis with detailed schedule for all expense related items for Finance Manager’s review. Ensure that all recoverable expenses are accurately and promptly recorded in coordination with both the Accounts Receivable team and the business team. Ensuring all payments are reviewed before getting released and providing confirmation to signatories and reviewing cashflow impact. Providing support to FP&A for preparing schedules (Utilities, Capex, Expenses etc.) and co-ordinating with external auditor. Coordinating with Bank for necessary DOA updates like signatories, access, preparing Memos and liaise with Owner for necessary approvals.