Chief Accountant

JOB DESCRIPTION / ROLE

Employment: Full Time

INSPIRE | EXHILARATE | DELIGHT

For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion, and art de vivre categories. More recently, the Group expanded its expertise into new categories of luxury watches, jewellery, and eyewear.

Every step at Chalhoub Group is taken with the customer at heart. Be it constantly reinventing itself or focusing on innovation to provide luxury experiences at over 750+ experiential retail stores, online and through mobile apps, each touch point leads to delighting the customer.

Today, Chalhoub Group stands for 14,000 skilled and talented professionals across seven countries, whose cohesive efforts have resulted in the Group being ranked third in the Middle East and first in Saudi Arabia as a Great Place to Work®.

To keep the innovation journey going, the Group has set up "The Greenhouse", which is not just an innovation hub, but also an incubator space and accelerator for start-ups and small businesses in the region and internationally. This is just one of the several initiatives taken by the Group to reinvent itself, catalysed by forward thinking and future-proofing. The Group has also been embedding sustainability at the core of its business strategy with a clear commitment towards people, partners and the planet, and by being a member of the United Nations Global Compact Community and signatory of the Women's Empowerment Principles.

The Role

As a Chief Accountant, you will ensure that all leases are accurately accounted for as per requirements of International Financial Reporting Standards 16, as well as ensure property, plan and equipment are accurately recorded and depreciated as per requirements of IAS 16.

What you'll be doing

- Ensure lease contracts are fully recorded in the leasing software.
- Ensure timely rent payments as per agreements.
- Prepare IFRS 16 schedules/reports (monthly, quarterly, annual) with accurate and complete data.
- Ensure compliance of ROUs, lease liabilities, and amortizations with IFRS 16 requirements.
- Ensure accurate and timely recording of depreciated property, plant, and equipment.
- Prevent CWIP balances for completed projects.
- Prepare monthly fixed assets schedules matching GL balances.
- Coordinate with auditors on IFRS 16 and fixed assets requirements.
- Identify automation opportunities and process improvements.
- Ensure compliance with applicable laws (e.g., VAT, customs).
- Review reports and KPIs/SLAs with the Finance Manager.

Requirements:

What you'll need to succeed

- You have a minimum of 7 years of experience in accounting, with a focus on lease accounting.
- You have experience in managing IFRS 16 and fixed assets, preferably in a shared services environment.
- You have experience in leading a team.
- You are an accountable person with excellent communication skills.
- You have strong analytical and problem-solving abilities.

What we can offer you

With us, you will turn your aspirations into reality. We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.

ABOUT THE COMPANY

The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.

By blending its Middle East expertise and intimate knowledge of luxury, Chalhoub Group is building brands in the region, by offering service excellence to all its partners and a unique experience to its customers through its passionate teams.

With a growing workforce of more than 9,000 people, implemented in 14 countries, as well as the operating of over 470 retail outlets, the group's success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Group's competitive edge in today's market.

By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.