R2R Associate Accountant-Majid Al Futtaim
Role Purpose
This position is based in MAF Global Solutions (GS). GS is responsible for all the transactional accounting operations of the entities incl. preparation of Financial Statements. The above position will be responsible for delivery of assigned GL processes, journal entries, BSRs, books closing, and variance reviews.
Role Details – Key Responsibilities And Accountabilities
Responsible to manage assigned day-to-day operational activities of assigned books
Prepare monthly BSRs of assigned books/accounts while clearing reconciling items in line with company policy
Ensure intercompany transactions including all inter-company and intra-company loan transaction, interest calculation, etc. are recorded timely and are completed in accordance with the monthly close calendar
Responsible to balance assigned inter-company accounts in an effective way
Review staff Travel and Expense (T&E) reimbursement claims are in agreement with company policy
Responsible for monthly book closing activities as assigned
Perform accruals, maintain supporting statements and workings for all accruals
Monitor, manage and resolve customer queries/complaints within agreed SLAs, escalate to Supervisor where necessary
Post ledger entries during the period and submit the same for review by the BU Finance
Pass appropriate ledger rectification entries as suggested by the BU Finance based on their review
Make cost allocation entries based on allocation parameters as defined by the BU Finance and issue relevant Debit Credit Notes and send them to the respective stakeholders
Ensure timely posting of all Debit/Credit Notes
Receive, review and complete book keeping for accounting entries related to recurring / non-recurring expenses based on inputs from BU Finance
Review and make accounting entries for the inter-company sale and purchase of goods and services as advised by the BU Finance
Reconcile and resolve differences in inter-company balances appearing in the various books of accounts
Advise internal teams to book such payouts / receipts for inter-company settlement and review the same with the counterparts in such inter-companies
Provide accounting and documentary support to external accounting partners for other entities as and when necessary
Submit recons prepared in FSSC for BU Finance approval and timely pass rectification entries as suggested
Prepare and pass accounting entries for the Cost of Goods Sold (COGS) and BRS
Review the accrual of expenses and pass appropriate accounting entries based on confirmation and review of BU Finance
Confirm the various inter-company balances with the counterparts and ensure reconciliation on a regular basis
Run integrity reports and confirm period end book closure to the various teams on a timely basis
Support the BU Finance in making appropriate entries for consolidation and elimination entries during period end closure
Support internal/external audits
Support necessary AP/AR activities
Support and drive continuous process improvement
Ad hoc operational duties & responsibilities as and when required
Minimum Qualifications And Knowledge
Personal Characteristics and Required Background:
Bachelor’s degree in Finance/Accounting is a must
Part Qualified ACCA, CPA, CMA, CIMA, etc.
Advanced MS Word, Excel and PowerPoint experience
