Associate - Financial Accounting

Majid Al Futtaim; Dubai; On-site; AED 90,000 - 120,000; Full time

Job summary

Majid Al Futtaim is seeking an Associate - Financial Accounting in Dubai to support accounts payable, payroll postings, fixed assets, and general ledger activities within a high-volume retail environment.

The role requires 2–4 years of experience in financial accounting, supplier accounts handling, bank reconciliations, and accurate financial postings. You will collaborate with procurement, payroll, treasury, operations, and finance teams to ensure timely closing and reporting.

Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or a related discipline.
• 2–4 years of experience in financial accounting, accounts payable, general ledger, or a similar finance role.
• Experience in FMCG industry and hypermarket operations is required.
• Knowledge of invoice processing, purchase ledgers, supplier accounts, and vendor payments.
• Experience preparing bank reconciliations and investigating unmatched transactions.
• Understanding of general ledger accounting, journal entries, accruals, provisions, and financial closing.

Responsibilities

• Gather, review, and verify financial data before posting transactions into the accounting system.
• Check supporting documents for completeness, accuracy, approval, and compliance with internal procedures.
• Maintain purchase ledgers and ensure supplier-related expenses are recorded under the correct accounts and cost centres.
• Monitor posted expenses against approved budgets and report material variances or unusual transactions.
• Review supplier and contractor invoices to confirm quantities, prices, tax treatment, contractual terms, and supporting documentation.
• Identify duplicate, incomplete, incorrect, or unauthorised invoices and coordinate corrections before payment.
• Process vendor and contractor payments according to approved contracts, payment schedules, and delegated authority.
• Maintain updated supplier account records and resolve outstanding balances, unmatched entries, and payment discrepancies.
• Prepare bank reconciliations for accounts held with different banking institutions.
• Compare ledger entries with bank statements and investigate unmatched, delayed, duplicated, or incorrectly recorded transactions.
• Prepare and post approved correcting and adjusting journal entries.
• Review adjustment entries to confirm proper documentation, account coding, and financial treatment.
• Support payroll-related accounting entries and ensure payroll postings are reflected accurately in the general ledger.
• Maintain fixed asset accounting records, including additions, transfers, disposals, depreciation, and account reconciliation.
• Assist with recurring accruals, provisions, prepayments, and expense allocation entries.
• Complete assigned month-end, quarter-end, and year-end closing activities within established deadlines.
• Confirm that required entries, reconciliations, schedules, and supporting documents are completed before ledger closure.
• Prepare monthly, quarterly, and annual accounting statements accurately and on time.
• Produce financial schedules, ledger analyses, balance confirmations, and managerial reports.
• Support internal and external audit requirements by providing requested documents and explanations.

Skills

Financial accounting

Accounts payable

General ledger

Bank reconciliation

Payroll accounting

Fixed asset accounting

Month-end closing

Year-end closing

Invoice verification

Vendor payments

Education

Bachelor's degree in Accounting, Finance, Commerce, or a related discipline

Tools

Microsoft Excel

ERP systems

Job description

Job Title: Associate - Financial Accounting

Location: Dubai, United Arab Emirates

Industry: Retail

Function: Accounting‑Finance

Experience: 2‑4 years

Job Type: Full-time

Overview

Associate - Financial Accounting in Dubai, United Arab Emirates is a Retail hiring opportunity supporting accounts payable, payroll postings, fixed assets, general ledger activities, reconciliations, financial closing, and management reporting. Majid Al Futtaim is seeking an accounting professional with FMCG and hypermarket experience to maintain accurate financial records and ensure transactions are processed according to established accounting policies and controls. The role requires strong analytical capability, attention to detail, and practical experience handling supplier accounts, bank reconciliations, invoice verification, payment processing, financial postings, and periodic reporting in a high-volume retail environment.

Key Responsibilities

• Gather, review, and verify financial data before posting transactions into the accounting system.
• Check supporting documents for completeness, accuracy, approval, and compliance with internal procedures.
• Maintain purchase ledgers and ensure supplier-related expenses are recorded under the correct accounts and cost centres.
• Monitor posted expenses against approved budgets and report material variances or unusual transactions.
• Review supplier and contractor invoices to confirm quantities, prices, tax treatment, contractual terms, and supporting documentation.
• Identify duplicate, incomplete, incorrect, or unauthorised invoices and coordinate corrections before payment.
• Process vendor and contractor payments according to approved contracts, payment schedules, and delegated authority.
• Apply advance payments, deductions, penalties, retention amounts, and other contractual adjustments accurately.
• Maintain updated supplier account records and resolve outstanding balances, unmatched entries, and payment discrepancies.
• Prepare bank reconciliations for accounts held with different banking institutions.
• Compare ledger entries with bank statements and investigate unmatched, delayed, duplicated, or incorrectly recorded transactions.
• Prepare and post approved correcting and adjusting journal entries.
• Review adjustment entries to confirm proper documentation, account coding, and financial treatment.
• Support payroll-related accounting entries and ensure payroll postings are reflected accurately in the general ledger.
• Maintain fixed asset accounting records, including additions, transfers, disposals, depreciation, and account reconciliation.
• Assist with recurring accruals, provisions, prepayments, and expense allocation entries.
• Complete assigned month-end, quarter-end, and year-end closing activities within established deadlines.
• Confirm that required entries, reconciliations, schedules, and supporting documents are completed before ledger closure.
• Prepare monthly, quarterly, and annual accounting statements accurately and on time.
• Produce financial schedules, ledger analyses, balance confirmations, and managerial reports.
• Support internal and external audit requirements by providing requested documents and explanations.
• Follow established financial accounting principles, internal controls, approval procedures, and record‑retention standards.
• Maintain organised financial files and protect confidential supplier, payroll, banking, and company information.
• Coordinate with procurement, commercial, payroll, treasury, operations, and finance teams to resolve transaction issues.
• Identify weaknesses in accounting workflows and recommend practical improvements that increase accuracy and efficiency.

Ideal Profile

• Bachelor 's degree in Accounting, Finance, Commerce, or a related discipline.
• Two to four years of experience in financial accounting, accounts payable, general ledger, or a similar finance role.
• Previous experience in the FMCG industry and hypermarket operations is required.
• Practical knowledge of invoice processing, purchase ledgers, supplier accounts, and vendor payments.
• Experience preparing bank reconciliations and investigating unmatched transactions.
• Understanding of general ledger accounting, journal entries, accruals, provisions, and financial closing.
• Familiarity with fixed asset accounting and payroll‑related financial postings.
• Ability to prepare accounting statements, balance schedules, and management reports.
• Strong analytical skills with the ability to identify financial discrepancies and determine appropriate corrective action.
• High level of numerical accuracy and attention to transaction details.
• Sound understanding of financial controls, supporting documentation, and approval procedures.
• Ability to manage high transaction volumes and meet monthly and annual reporting deadlines.
• Proficiency in Microsoft Excel and standard accounting or enterprise resource planning systems.
• Strong organisational and record‑management skills.
• Able to communicate effectively with suppliers, finance colleagues, auditors, and operational teams.
• Professional approach to confidential financial and employee‑related information.
• Ability to work independently while contributing effectively within a wider finance team.

Skills Set

• Financial accounting
• Accounts payable
• Purchase ledger
• General ledger
• Invoice verification
• Vendor payments
• Contractor payments
• Advance payment processing
• Penalty deductions
• Supplier reconciliation
• Bank reconciliation
• Journal entries
• Adjusting entries
• Month‑end closing
• Year‑end closing
• Payroll accounting
• Fixed asset accounting
• Accruals
• Provisions
• Prepayments
• Expense monitoring
• Budget variance analysis
• Financial statements
• Management reporting
• Balance sheet schedules
• Audit support
• Internal controls
• Microsoft Excel
• Accounting systems
• FMCG finance
• Hypermarket accounting

Why Join Us

This opportunity provides broad exposure to financial accounting within a high‑volume Retail and FMCG operation. The successful candidate will work across supplier accounting, banking, fixed assets, payroll postings, general ledger control, closing activities, and management reporting. The position offers a solid platform for developing technical accounting expertise and progressing toward senior finance, reporting, controlling, or accounting management roles. Majid Al Futtaim also provides the stability, scale, and cross‑functional exposure associated with a major regional retail organisation.

About the Company

Majid Al Futtaim is an Emirati‑owned group operating across retail, shopping malls, communities, entertainment, and lifestyle businesses. Its retail division manages large‑scale supermarket and hypermarket operations supported by established finance controls, supply chain systems, commercial teams, and structured reporting practices.