Majid Al Futtaim Hiring for Finance Executive Job at Dubai Full Time

Role Purpose:

This role reports to the Associate Finance Manager and is a dedicated resource for Universal releases, required to meet the very tight timelines of daily reporting to Studios.

Main responsibility is the preparation of daily distributors report that summarizes the Admissions and Gross Box Office collections of Universal titles, circulation to the team and entry into Universal’s system. Responsibilities also includes various accounting process and transactions with focus on Receivable and Payable.

Role Details – Key Responsibilities and Accountabilities:

Reporting:

• Responsible for the Daily Distributors Report for Universal releases.
• This includes accumulating and tabulating various Daily Collection Reports from Exhibitors to report the Admissions, Gross Box Office and Average Ticket Price by Exhibitor and by Territory. This includes comparison against Estimates or Targets.
• The daily report includes calculation of Net Box Office and Film Hire.
• The daily report also includes breaking down the Admits and Gross Box Office into relevant Formats, in line with the reporting requirements by Universal.
• Reports to include statistical data such as market share, % drops and others.

Accounting – Receivable:

• Responsible for creating Sales Order template and submission to Landesk for Sales Invoice creation by GS-FSSC team.
• Sending Sales Invoices and SOA to Exhibitors on a weekly basis.
• Handle any reconciliations and confirmations with Exhibitors.
• Responsible for debt collection on regular basis, taking all necessary measures to avoid bad debts.
• Endorse any payment tagging to GS-FSSC team.
• Ensure that any deductions or Recharges by Exhibitors are approved, supported by relevant documents, and recorded properly in financial system.
• Handle any customer creation with GS-FSSC team.

Accounting – Payable:

• Responsible for creating Purchase Requisition, in line with the policies and procedures set by Procurement Team, MAF Distribution team and/or approved in line with DOA.
• Circulation of Purchase Orders to supplier or MAF Distribution team.
• Handle Single Source Justification and Risk Acceptance Form if needed.
• Assist on any supplier inquiries, reconciliations and payment follow ups.
• Handle any vendor creation with GS-Procurement team.
• Responsible for Petty Cash management, ensuring that all spend are approved and supported by Invoice or receipts, as well as ensuring that funds are regularly replenished and recorded in financial system.

Coordination:

• Coordinate with Exhibitors for Daily Collection reports, Sales Invoices, reconciliation, and collections.
• Coordinate with Finance Shared Service Centre (FSSC) in relation to accounting activities under Receivable and Payable.
• Coordinate with Procurement team for Purchase Requisition and vendor management system.
• Coordinate with suppliers for Purchase Order requirement, payment follow ups and others.

Other Context (if applicable):

• Be a culture ambassador that reflects the organization’s values, encourages good performance, and rewards productivity.
• Be able to deliver without supervision.
• Awareness of nature of operations and operational issues of various business units.