Finance Business Partner | Al Futtaim Automotive | FAMCO

Overview of the role:

This is a mid-management role with specific focus on steering the accounting and financial processes of Industrial Equipment business.

What you will do:

Management and Control

• To deliver monthly closure of books of accounts as per the group accounting policies. Approval and supervision of monthly provision entries as per business requirements.
• Contribute to the development of business management through monthly reviews and recommendation of improvement initiatives.
• Review and initiate cost saving measures in the business.
• Support business in making commercial decisions by providing financial acumen.
• Review contracts for large B2B customers and actively participate in pricing the tenders etc for the business
• Partner with business in formalizing the financing solutions for customers and review of LC and BGs
• Assist the BUFC with principal arrangements and negotiations including LCs
• Support business with collections and interfering wherever there are reconciliation issues
• Ensure compliance of laws and regulations like VAT etc
• Ensure compliance of IFRS for revenue booking, cost and expenses.
• Ensure application of appropriate internal controls, compliance and financial processes
• Liaise with various AF Group departments like Group Legal, EIT, Group Admin, Group HR, etc.
• Liase with AF Group companies for IHF (long term and short term)
• Supervision of Accounts Payable, Accounts Receivables, Inventory and petty cash activities.
• Review insurance policies for the company and come up with the optimum policies.
• Conduct order study for optimal ordering.
• Manage SAP system related changes to ensure compliance of invoice formats and accounting processes.

Financial Reporting

• Design and implement best practices and process improvements within the Financial Reporting, Accounting and Financial Controlling processes
• Review accounting policies and suggest improvements if required
• Evaluate Business decisions and review financial impacts
• Review and reconciliation of BS accounts as part of the Balance sheet Substantiation process.

Required Skills to be successful:

• Principal and customer negotiations
• Stakeholder management
• Strong understanding of P&L and Balance sheet
• Commercial understanding (contracts and commercials)
• Pricing of tenders / deals

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