Associate - Finance and Accounting

Majid Al Futtaim; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

Majid Al Futtaim Retail is seeking a Finance Associate to support Head Office finance operations in Riyadh, Saudi Arabia. You will maintain accurate accounting records, reconcile sales and financial transactions, and assist with monthly closing and financial reporting.

The role requires 1-2 years of accounting or finance experience, IFRS knowledge, strong analytical and numerical skills, and proficiency in Excel. On-site work arrangement with a collaborative finance team.

Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or Business Administration.
• 1-2 years of accounting or finance experience.
• Knowledge of IFRS and accounting principles.
• Proficiency in Microsoft Excel and financial reporting tools.
• Strong analytical and numerical skills and attention to detail.

Responsibilities

• Perform sales reconciliations and verify accuracy of financial transactions.
• Prepare and maintain accounting records in accordance with finance procedures.
• Support monthly closing activities and prepare financial statements.
• Assist budgeting and forecasting with data collection and reporting.
• Coordinate with internal stakeholders on payroll accounting and reconciliations.
• Ensure compliance with IFRS and accounting standards.

Skills

Analytical skills

Numerical skills

Communication skills

Attention to detail

Education

Bachelor's degree in Accounting/Finance/Commerce/Business Administration

Tools

Microsoft Excel

Financial reporting tools

Job description

Associate - Finance and Accounting Job Snapshot - Role: Associate - Finance (Accountant) - Location: Riyadh, Saudi Arabia - Industry: Retail - Function: Accounting-Finance - Experience: 1-2 years - Job Type: Full Time - Work Arrangement: On-site

Position Overview Majid Al Futtaim Retail is seeking a Finance Associate to support its Head Office finance operations in Riyadh, Saudi Arabia. The role is responsible for maintaining accurate accounting records, reconciling sales and financial transactions, and preparing timely financial information for the Head Office. The Finance Associate will also assist with monthly closing activities, financial statements, budgeting, forecasting, and payroll-related reconciliations. The successful candidate will have 1-2 years of relevant accounting or finance experience, a sound understanding of International Financial Reporting Standards (IFRS), and strong analytical and numerical skills.

Job Details - Country: Saudi Arabia - City: Riyadh - Industry: Retail - Function: Accounting-Finance - Salary: Not disclosed - Gender: No Preference - Candidate Nationality: Not specified - Job Type: Full Time - Work Arrangement: On-site

Key Responsibilities

Sales Reconciliation and Accounting Records

• Perform sales reconciliations to verify the accuracy of recorded financial transactions.
• Review financial transaction information and identify discrepancies requiring clarification.
• Prepare and maintain accounting records in accordance with established finance procedures.
• Support accurate recording and reconciliation of financial information.
• Coordinate with relevant stakeholders to resolve transaction-related differences.

Financial Reporting and Month-End Closing

• Prepare and maintain financial reports for the Head Office finance function.
• Support the timely delivery of accurate accounting and financial information.
• Assist with monthly closing activities and related reporting requirements.
• Contribute to the preparation of Profit and Loss (P&L) statements and Balance Sheets.
• Review supporting financial information for accuracy and completeness.
• Assist in addressing reporting discrepancies and outstanding accounting matters.

Budgeting and Forecasting

• Support budgeting and financial forecasting exercises.
• Assist with gathering and organizing financial information required for planning activities.
• Prepare relevant accounting data and supporting reports for finance reviews.
• Coordinate with internal stakeholders to obtain information needed for budgeting and forecasting.
• Contribute to accurate and organized financial planning documentation.

Payroll Accounting and Reconciliation

• Process payroll-related financial transactions in accordance with applicable internal procedures.
• Perform reconciliations of payroll-related accounting information.
• Identify and follow up on discrepancies in payroll transaction records.
• Coordinate with relevant internal stakeholders on payroll accounting matters.
• Maintain accurate supporting records for payroll-related financial activities.

Accounting Standards and Compliance

• Follow established accounting policies and financial reporting procedures.
• Support compliance with IFRS and applicable accounting standards.
• Maintain accurate financial documentation to support accounting and reporting requirements.
• Identify accounting inconsistencies and communicate relevant concerns to the finance team.
• Apply attention to detail when reviewing transactions, reconciliations, and financial reports.

Internal Finance Coordination

• Work with internal departments on finance-related inquiries and requirements.
• Communicate clearly regarding financial transactions, reporting information, and reconciliation matters.
• Follow up on outstanding financial information required for accounting activities.
• Support effective coordination between the Head Office finance function and relevant business stakeholders.
• Contribute to the timely completion of assigned finance activities.

Qualifications and Experience

• Bachelor 's degree in Accounting, Finance, Commerce, or Business Administration.
• 1-2 years of relevant experience in accounting or finance.
• Knowledge of International Financial Reporting Standards (IFRS) and accounting principles.
• Proficiency in Microsoft Excel and financial reporting tools.
• Understanding of financial reconciliation and accounting record maintenance.
• Ability to support monthly closing and financial reporting activities.
• Good analytical, numerical, and problem-solving skills.
• Strong communication and interpersonal abilities.
• Attention to detail and commitment to financial accuracy.

Skills and Competencies

• Sales and financial transaction reconciliation.
• Accounting records and financial documentation.
• Profit and Loss and Balance Sheet reporting support.
• Month-end accounting activities.
• Budgeting and forecasting assistance.
• Payroll transaction processing and reconciliation.
• IFRS and accounting standards knowledge.
• Microsoft Excel.
• Financial reporting tools.
• Numerical analysis and problem-solving.
• Cross-functional communication and coordination.
• Accuracy, organization, and attention to detail.

What We Offer Majid Al Futtaim offers a friendly and collaborative working environment where colleagues contribute to shared business goals. Employees work alongside more than 45,000 diverse and talented colleagues guided by the Majid Al Futtaim Leadership Model. This position provides an opportunity to contribute Head Office finance operations through accounting, financial reporting, reconciliation, and financial planning support.

About Majid Al Futtaim Majid Al Futtaim is a regional developer and operator of shopping malls, retail businesses, communities, and entertainment destinations across the Middle East, North Africa, and Central Asia. The Group 's retail operations are supported by finance teams responsible for maintaining accurate accounting information and supporting financial reporting and planning activities. Majid Al Futtaim is committed to creating great moments for everyone, every day.