15 Oct
Al-Futtaim
Dubai
Job Requisition ID: [[162947]]Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands.
Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every dayOverview of the role:This is a mid-management role with specific focus on steering the accounting and financial processes of Trading Enterprises business.What you will do:Financial Performance Review & Commercial Support to Branch Management
- Perform regular detailed level (Sales & Aftersales) Financial reviews and variance analysis with Branch Management for ensuring that business performance is in line with relevant budgets/Forecasts
- Support Management in establishing and reviewing the KPI trends (Sales & Aftersales), summarize key findings and suggest improvement plans.
- Regularly monitor and control indirect costs (Facility Maintenance, MPC including casual labors, Distribution cost, utilities, data processing, stationery, cafeteria etc.) review actual cost incurred and correct wrong posting if any.
- Ensure various cross charges and allocations are correctly charged and posted in respective period before book close.
Financial Reporting & MIS
- Prepare reports/analysis for monthly detailed reviews to be held with Director, BUFM and Other Management including reports for Margin and expense analysis at various angles.
- Prepare various other regular daily/weekly/monthly/yearly) and ad hoc reports for management.
- Review balance sheet GLs and identify the misstatements in balance sheet GL and take lead in coordinating with different stakeholders to clear these misstatements.
- Assist in month end close process make sure necessary entries related to provisions, accruals, prepayments etc. are made in the books.
- Take lead and drive the budget activity within the management function.
- Supporting FM and Director with Preparation of site wise Annual Budgets, Monthly/Quarterly Forecasts.
- Consolidate and validate the budget/ forecast submission from the respective business and arrange the review with business management.
- Upload the budget / forecast in SAP as per schedule
Sales Accounting and Cash Control
- Oversee via the Branch Accountants and Accounts Assistants to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals for Sales & Aftersales.
- Reviewing all petty cash payments, test checking daily collections and deposits to ensure compliance.
- Ensure through branch Finance team the release of VCC,
Sale letter & Gate passes (Sales & Aftersales) are in line with company procedures.
- Validation through test checks of Sales document pack /LPO and credit approval or clear funds/ registration copy and delivery to ensure process compliance.
- Ensure that refunds are processed by branch within the sub-delegated authority with proper documentation and those beyond Branch authority are processed through Central Finance (FSSC).
- Check and validate all agreed check list before confirming passport release of branch staff.
- Liaise with Central Finance (FSSC) and other departments to ensure that all intercompany transactions, upsell recoveries, Pricing differences etc are regularly reconciled and kept on track
Credit Control & AR Collections
- Review with Sales team (sales & aftersales) on overdue and collection on regular basis and provide status report to Branch Management and BUFM
- Facilitate through Branch Finance team, timely submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
- Any deviation or pending cases for clearing to be highlighted to management for escalation.
Required Skills to be successful:
- Should have automotive experience with know-how of branch operations/partnering
- Minimum experience of 5 years
- Qualified Accountant
- Knowledge of SAP ERP
About the Team:You will be reporting to Sr. Finanical ControllerWhat equips you for the role:
- Qualified in Finance, Accounting, or equivalent.
- Automotive experience preferable.
- 5 years of relevant experience
- Excellent communication, analytical, written, and interpersonal skills, and proven ability to work with business finance teams and various stakeholders.
- Established record in managing multiple and competing priorities. Ability to meet deadlines and work well under pressure in a fast-paced environment.
- Present concepts, recommendations, and analyses to senior management in a clear, concise, and actionable manner.
- Able to identify, act and implement ideas that drive continuous improvement
- Strong working knowledge of Microsoft Office.
- Knowledge of SAP BPC, SAP Analytics Cloud (SAC), Tableau, Alteryx and Power BI preferable.
- Work independently with limited supervision. A Self-starter,
with a passion to act while focusing on delivering results.
- Individual Accountability and Personal Integrity
- Ability to follow-up on outstanding issues
- Ability to work effectively as part of a team
- Ability to manage time & work under pressure
- Readiness to persevere with difficult tasks
- Ability to be assertive without being aggressive
- Able to focus and drive tasks to completion
About Al-Futtaim Automotive
A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.
Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales,
and we are firmly established as the regional representative of some of the world's most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM.
We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers - right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences.
We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.
What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.
Al-Futtaim
▶️ Finance Business Partner | Al Futtaim Automotive | Trading Enterprises Honda
🖊️ Al-Futtaim
📍 Dubai