Accountant Revenue Full-time Job

Responsibilities

Role Details – Key Responsibilities and Accountabilities:

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 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 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.

Minimum Qualifications/education

Personal Characteristics and Required Background:

Bachelor’s degree in Accounting or Finance. Professional qualification such as /ACMA /ACCA etc., is a plus .

Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one mans 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 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 25 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 37 markets across the Middle East, Africa and Asia, and operates a portfolio of more than 270 outlets in 15 countries.
Majid Al Futtaim operates more than 400 VOX Cinemas screens and 36 Magic Planet family entertainment centres across the region. In addition to iconic leisure and entertainment facilities such as Ski Dubai, Orbi Dubai and Ski Egypt, among others. The Company is parent to the consumer finance company 'Najm', and a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.