BUSINESS INTRODUCTION
Majid Al Futtaim Holding is the leading shopping mall, retail, communities, entertainment developer and operator in the Middle East, North Africa, and Central Asia regions. With over 43,000 people, revenues of over US$ 11 Billion, and operations in 18 countries. Some of the iconic brands we carry include Mall of the Emirates, Carrefour, All Saints, Lego, City Center, Abercrombie & Fitch, & Vox Cinemas. We believe in making Great Moments for Everyone, Every day.
JOB TITLE
Finance Manager | Majid Al Futtaim Properties
ROLE SUMMARY
The Finance Manager will manage, actualize, maintain, and refine financial feasibility and reporting for Egypt Active projects. The role involves conducting financial assessments to support executive investment and strategic decisions while ensuring compliance with IFRS/IAS and local regulations. The role provides financial evaluations to identify and leverage opportunities, mitigate risks, and optimize project profitability.
ROLE PROFILE
- Financial Management & Compliance: Ensure all development transactions comply with IFRS/IAS, local regulations, and company policies, with proper authorization and documentation. Prepare BAR, system budgets, and GL balance reconciliations.
- Investment & Feasibility Analysis: Conduct financial modeling, feasibility studies, and profitability analysis to support strategic decisions, track key KPIs, and optimize cash flow. Prepare CEC and Board Approval packages for investment recommendations
- Revenue & Asset Management: Prepare revenue analysis, balance sheet reports, and support the tax team in tax filings. Prepare and maintain the fixed assets register, including movements, capitalizations, and depreciation.
- Accounts Receivable & Financial Control: Prepare Accounts Receivable reports, ensuring accurate billing, efficient cash flow management, and strong client relationships.
- Audit & Regulatory Compliance: Coordinate with internal and external auditors, prepare for RERA audits, and implement audit recommendations to strengthen financial stewardship. Ensure adherence to IFRS/IAS and regulatory requirements.
- Strategic Planning & Budgeting: Prepare annual budgets, financial forecasts, and variance analysis, ensuring accurate revenue recognition and cost control.
REQUIREMENTS
- Bachelor's degree in Finance.
- Minimum 5 years experience of independently performing investment analysis/ financial research with a leading real estate developer.
- A holder of CPA, CFA, ACCA or MBA.
- Detail oriented with sound understanding of Business and Financial Modeling.
- Excellent communication, presentation and excel skills.
- Experience working with Public Big Four is a plus.
WHAT WE OFFER
- At Majid Al Futtaim, we're on a mission to create great moments, to spread happiness, to build, experiences that stay in our memories for a lifetime. We're proud to say that over the past 27 years, we have built a reputation as a regional market leader in what we do. Join us!
- Work in a friendly environment, where everyone shares positive vibes and excited about our future.
- Work with over 45,000 diverse and talented colleagues, all guided by our Leadership Model.
