Finance Business Partner | Al Futtaim Automotive | Trading Enterprises-CJD

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

1. Support branch management on preparation of Budget/ Forecast, Performance summary and review of variance analysis.

2. Support GM - Retail in review of on Retail KPI trends and improvement plans with Branch Management

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

1. Ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals.

2. Authorise release of VCC and Sales letter as per company procedure.

3. Validation of Sales document pack /LPO and credit approval or clear funds/ registration copy and authorise final release of the vehicle for customer delivery.

4. Process refunds within the sub-delegated authority /documentation and facilitate refund process with AFSS for beyond authority levels.

5. Check and validate all agreed check list before confirming passport release of branch staff.

Stock controls

1. 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.

2. Ensure adequate insurance coverage for dealership assets at all times.

3. Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks

Credit Control

1. Process credit application request for AFSS approval and maintain relevant documentation as per approved credit deals

2. Authorise credit requirements within the framework of sub-delegated credit release authority from AFSS.

3. Facilitate submission of Finance deal packs and provide support and follow up with AFGE for early collection of bank debts.

4. Review with the Retail / Fleet team on overdue and collection on periodical basis and provide status report to BM and GM Retail and Fleet.

Internal Audit review and recommendations

Facilitate Group internal audit review of branch operations and ensure implement ion 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.

Bayt