UAE national _Branch Accounting Manager | Al Futtaim Automotive | Finance

Overview of the role:

As a member of Branch team \xe2\x80\x93 to support the dealership operation (Sales and After sales) \xe2\x80\x93 on (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 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:

Review of daily collection and deposit of cash and cheques by branches and scrutinise GL control accounts for exceptions and petty cash management and co-ordinate with AFSS.

Sales Accounting and control:

• Oversee via the Branch Accountant 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:

• 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.
• Ensure adequate insurance coverage for dealership assets at all times.
• Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.

Credit Control:

• 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:

Calculation of monthly incentives for relevant Branch associates for submission to payroll

Leadership:

To lead the finance and administration teams that fall under the responsibility if the BAM

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