UAE National | Finance Manager | Al-Futtaim Automotive | Finance

Job description / Role

Job Requisition ID: [[163364]]

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 day

Overview of the role:
The role will support the Divisional Management team in all Finance and Administration matters. This will include - (a) decision support for budgeting / forecasting/ MIS and KPI achievement (b) ensure compliance with company policies and procedures with major emphasis on - cash control, sales accounting and approvals credit controls & approvals, stock controls, audit report follow-up and (c) day to day internal controls review and improvement.

What you will do:

Budget / MIS and KPI monitoring
- Support branch management and BAM's on preparation of Budget/ Forecast, Performance summary and review of variance analysis.
- Support GM - Retail in review of on Retail KPI trends and improvement plans with Branch Management.
- Prepare reports and analysis for monthly Branch reviews to be held with GM Retail & BUFM.

Cash Controls
- Ensure practices are in place for review of daily collection and deposit of cash and cheques by branches and scrutinize GL control accounts for exceptions and petty cash management and co-ordinate with AFSS (Al Futtaim Shared Services).

Sales Accounting and control
Oversee via the BAM's to ensure:
- All documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals.
- Authorise release of VCC and Sales letter as per company procedure.
- Validation of Sales document pack /LPO and credit approval or clear funds/ registration copy and authorise final release of the vehicle for customer delivery.
- Process refunds within the sub-delegated authority /documentation and facilitate refund process with AFSS for beyond authority levels.
- Check and validate all agreed check list before confirming passport release of branch staff.

Stock controls
Oversee via the BAMS:
- Ensure Stock controllers adhere to standard documentation and procedures with regard to stock movements and best practices followed on stock management of on-site stocks including Demo/display/Damaged stock
- Always Ensure adequate insurance coverage for dealership assets.
- Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.

Credit Control
Oversee via the BAMS:
- Process credit application request for AFSS approval and maintain relevant documentation as per approved credit deals
- Authorise credit requirements within the framework of sub-delegated credit release authority from AFSS.
- Facilitate submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
- Review with the Retail / SME team on overdue and collection on periodical basis and provide status report to BSM and BUFM

Internal Audit review and recommendations
- Facilitate Group internal audit review of branch operations and ensure implementation of audit recommendations.
- Policy and Procedures and System support
- Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
- Ongoing Review of system process and ensure its applicability to business requirements in co-ordination with AFSS.

Payroll
- Ownership of the incentive calculation spreadsheet and ensure that model derives correct amounts due in line with current incentive schemes.
- Submission of the above to relevant management for authorization.

Leadership
- In conjunction with the BUFM to lead the BAM's in the execution of their duties of ensuring sufficient financial controls are in place at all times.
- In addition to the above, carry out Ad Hoc tasks as defined by the BUFM / GM Retail or any other member of Senior Management

Required Skills to be successful:
- UAE National
- Minimum 4-5 years' experience in finance
- Good communication skills
- Ability to use SAP

About the Team:
Working in a fast-paced and diverse environment, reporting directly to the General Manager - Finance

What equips you for the role:
- Bachelor's in Accounting
- 6 years experience in Accounting/Finance

Job-Specific Skills: Analytical, process oriented, good communication skills, exposure to ERP

Behavioral Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, Self starter; and a strong team player

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.