Commercial Analyst
Oman, Oman
Job Description
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 Role Purpose:
To provide financial and commercial support to Omasco Electronics Vertical and to support them to operate as per Company policies & work as bridge between HO and Local Operations to streamline the commercial process.
About you:
You have Post Graduate Diploma or Degree in Finance
You have minimum 10-15+ years of experience in Managing finance and commercial function
You have Knowledge in advanced ERP (SAP etc.)
You are able to handle multiple tasks.
You have excellent MS office Skills
To provide financial and commercial support to Omasco Electronics Vertical and to support them to operate as per Company policies & work as bridge between HO and Local Operations to streamline the commercial process.
About you:
You have Post Graduate Diploma or Degree in Finance
You have minimum 10-15+ years of experience in Managing finance and commercial function
You have Knowledge in advanced ERP (SAP etc.)
You are able to handle multiple tasks.
You have excellent MS office Skills
JOB PROFILE
1. Providing financial & commercial support to SBU Management:
1. Providing financial & commercial support to SBU Management:
- Review of monthly financial statements & provide explanation on variances
- Review of rebate contracts
- Evaluating special deals/ projects for Gross Margin flow down.
2. Ensuring Timely & Accurate reporting of MIS to HO:
- Prepare Flash reports
- Balance Sheet review with HO
- MBR pack after month end
3. Annual Budget preparation, BR1, BR2 & Long Term Planning
- Provide business information to HO to help in budget planning
4. Reviewing internal controls and procedures for all operations and suggest improvements to HO
5. Respond with comments and act on Internal Audit recommendations after HO review
6. Principal Claim Management
8. Manage commercial activities and support the sales & product teams including Sales orders & timely invoicing
9. Review project cost sheets and margins and ensuring that project costs are controlled within approved levels. Also assist in sub contractor payments and approvals
10. Support sales team on evaluating credit worthiness and insurance coverage of customer
11. Manage the stock count of Retail outlets as well as warehouse
12. Ensure duty drawback claims are processed in time
13. Approve credit notes for Price support/GV/Promotions/Sales returns
14. Approve all Petty cash expenses
15. Review BCA (Below Cost Approval) Forms; Write offs and scrapping.
16. Prepare monthly incentive files & send to HO for approval
17. Review AR aging and UACR with Sales team
18. Review Inventory aging with product Managers
19. Provide finance support to all verticals like Projects/Services/Showroom
20. Collect assets from employees while exiting the company & getting them removed from monthly charges
21. VAT Return review & support
22. Interface with legal for sticky outstanding's and court cases.
About Al-Futtaim Retail Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer’s in both regions with over 75 stores offering both fashion & food options.
Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference…
5. Respond with comments and act on Internal Audit recommendations after HO review
6. Principal Claim Management
- Clarify queries on claims in coordination with Product Managers
- Follow up for payment of Claims
8. Manage commercial activities and support the sales & product teams including Sales orders & timely invoicing
9. Review project cost sheets and margins and ensuring that project costs are controlled within approved levels. Also assist in sub contractor payments and approvals
10. Support sales team on evaluating credit worthiness and insurance coverage of customer
11. Manage the stock count of Retail outlets as well as warehouse
12. Ensure duty drawback claims are processed in time
13. Approve credit notes for Price support/GV/Promotions/Sales returns
14. Approve all Petty cash expenses
15. Review BCA (Below Cost Approval) Forms; Write offs and scrapping.
16. Prepare monthly incentive files & send to HO for approval
17. Review AR aging and UACR with Sales team
18. Review Inventory aging with product Managers
19. Provide finance support to all verticals like Projects/Services/Showroom
20. Collect assets from employees while exiting the company & getting them removed from monthly charges
21. VAT Return review & support
22. Interface with legal for sticky outstanding's and court cases.
About Al-Futtaim Retail Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer’s in both regions with over 75 stores offering both fashion & food options.
Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference…
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Job Detail
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Job IdJD1446611
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationOman, Oman
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EducationNot mentioned