✨ AI Summary
The Associate – Finance at MAF Retail is responsible for financial postings, including payables, payroll, asset, and general ledgers, ensuring accurate data updates and adherence to financial accounting principles. Key responsibilities include maintaining purchase ledgers, reviewing invoices, processing vendor payments, performing bank reconciliations, handling month-end and year-end closing, and preparing financial statements and managerial reports.
Requirements
Requires a Bachelor's Degree in Accounting or Finance and 2-4 years of experience in a similar role. Experience in the FMCG industry and hypermarkets is a must, along with excellent analytical skills.
Description
JOB TITLEAssociate – Finance | MAF Retail | Hypermarket UAEROLE SUMMARYThe Associate – Finance is responsible for financial postings covering the areas, but not limited to, payables, payroll, asset and general ledgers to ensure that precise data are updated to the system and are properly executed in line with MAF Retail's established financial accounting principles and procedures.ROLE PROFILEGather and verify financial data related to accountingMaintain and review purchase ledgers to ensure that all expenses are accurately posted and monitored against the set budgetReview invoices to be paid in order to ensure accuracy and veracity of invoicesProcess payments to vendors and contractors as per the contract's terms, including advance payment and penaltiesPrepare bank reconciliations for all accounts in different banks to ensure that entries in the journals are matched and aligned with the bank statementsReview adjusting entries passed and ensure that suppliers accounts are updated and any controlHandle and ensure that month-end and year-end closing process is completed and entries booked efficientlyPrepare and review monthly, quarterly and annual accounting statements and managerial reports in a timely and accurate mannerREQUIREMENTSBachelor's Degree in Accounting, Finance2-4 years of experience in a similar roleexperience in FMCG industry and hypermarkets are a mustExcellent Analytical skills