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17 Aug 2021

Full-Time Chief Accountant

Majid Al Futtaim – Posted by gjobpres Dubai, UAE

Job Description

A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Chief Accountant”.

Company Name
Majid Al Futtaim Dubai
Qualification Bachelors Degree | Masters Degree | ACCA | CPA | ICAEW
Experience 7 – 8 years of Relevant Experience Required
Monthly Salary 18,000 AED – 20,000 AED 
Employment Type Full  Time | Permanent
Company Size 50-100 Employees
Benefits Medical Insurance 
Location Dubai

The Chief Accountant is responsible for assisting the Accounting Manager, who will be responsible for providing timely and accurate reporting. The role holder is also responsible for reviewing the accounts function to facilitate financial accuracy and reliability.

Accounts Management

  • Close monthly accounts as per the deadline including accrual and prepayment entries in the ERP system
  • Monitor Accounts Payable/Receivable functions with specific responsibility for performing activities related to the monitoring of accurate processing of authorized invoices
  • Monitor and handle bank payments and balances
  • Review and sign off monthly/quarterly/period end reconciliation for all key balance sheet items
  • Ensure Maintenance of head office and inter-group reconciliations
  • Ensure books, records, reports and systems are available at all time for audit by internal and external auditors
  • Prepare Profit center/Product category wise performance and variance analysis
  • Prepare the monthly operating management reports and help the managers in their monthly analysis of their revenue and staff cost


  • Oversee the control of the Petty Cash for the Head Office
  • Oversee the preparation of statutory accounts in the Head Office
  • Ensure that books of accounts are maintained in accordance with IAS and Retail Financial Policy
  • Prepare the monthly management report (Financial result) in an accurate and timely manner


  • Ensure timely payments to all MAF Retail suppliers
  • Coordinate with Head office legal department and suppliers for Head Office agreements preparation and follow up properly the same
  • Follow up and analyze Inter-company transfers and recharges


  • Review the payroll pre-process and process the monthly card for staff salaries, full and final settlements and inter-company / head office transfers


  • Prepare and report financial performance of MAF Retail on a monthly basis comprising profit and loss account and balance sheet account before the deadline of every month
  • Provide various reports in coordination for monthly MIS, budgets, forecast, in relation to finance function
  • Prepare accurate reports of activities as required by the management team
  • Ensure that all financial and regulatory reports required by law, regulations, and management are completed

Policies and Procedures

  • Ensure that all financial accounting and reporting in the company are as per the International Accounting and Financial Reporting Standards (IFRS)
  • Recommend improvements to functions policy and implement procedures and controls covering all areas of the Finance function, so that all relevant functions are fulfilled while delivering quality, cost effective service to customers

Human Capital Responsibilities

  • Assist with the implementation of the performance management process by setting objectives, monitoring performance, and provide constructive feedback and provide inputs to senior management
  • Provide mentorship for the purpose of developing a continuous talent pipeline for key roles
  • Provide inputs on training needs and coordinate with the HC department to ensure facilitation of training requirements
  • Develop and implement on the job training for the team
  • Provide inputs for the development of annual manpower plan
  • Ensure the implementation of MAF Retail’s corporate policies and relevant procedures

Minimum Qualifications/education

  • Bachelor of Finance or Commerce

Minimum Experience

  • 5+ years in a Tax department with a Managerial role
  • 2+ years in the retail business


  • Excellent Analytical skills
  • Excellent communication skills
  • Attention to details

How to Apply

Job Categories: Accounting & Finance. Job Types: Full-Time. Job Tags: Accountant, Accounts, Accounts and Finance, and Chief Accountant. Salaries: Less than 20,000.


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