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: To provide analytical / commercial / Information support to Sr. Financial Controller & Omasco Senior Management team, contribute to performance reviews / operational decision making and improvement plans in meeting the company profitability & financial objectives. Support growth and strategy.
What you will do: Annual plans and Rolling Forecast a) Support Sr. Financial Controller in preparation of annual plans and periodical reviews (quarterly and monthly rolling forecast).
b) Liaisoning with Head of Division for preparation of Sales and Gross margin Budget / Forecast and setting up annual operational Budget KPI’s
c) Monthly updates of IFRP, BPC and other information reporting to Automotive Group Finance and Group Finance.
d) Preparation of Yearly and Quarterly budget presentation.
e) Cashflow forecast MIS and Management reporting: (a) Preparation of monthly management reports and presentation for management board.
(b) Reporting and analysis for each Omasco Division and brands, strong focus on KPI’s
(c) Support Sr. Financial Controller in divisional performance reviews and variance analysis.
(d) Co-ordinate and support Finance team in GL review and accounting related issues.
(e) Preparation of accounts in compliance with IFRS and IAS
(f) Coordinating with auditor for finalisation of annual accounts.
Working Capital and Cashflow (a) Review and advise Sr. Financial Controller in all aspects of working capital planning by analyzing historical data and validating underlying assumptions
(b) Analysis and reporting of Divisional working capital and cashflow impact.
Principal Support / Duty Drawback / Incentive a) Maintaining and reconciling Principal support account with HOD’s and suppliers
b) Tracking recovery of duty draw back on export transactions
c) Verifying incentive claims in line with incentive policy
d) Reviewing / reconciling Factors (expense provision for Goods receipt) by Division
Commercial Support: (a) Provide analytical support to Sr. Financial Controller in evaluating divisional pricing strategies.
(b) Support in preparing monthly Honda Car price list (CBU)
(c) Liaisoning with Product Manager and review of new Car order planning.
(d) Support new car sales admin team for setting up campaign pricing and mapping GL’s
(e) To support and advise Sr. Financial Controller in capex and project evaluation and prepare feasibility reports.
System and process Development Advice and support Sr. Financial Controller and Head of Business in system and process development for new initiatives and existing process improvements. SAP Hyper User and a key project member for various IT projects.
Required skills and experience to be successful:
Minimum Qualifications and Knowledge: Qualified Chartered Accountant / Cost Accountant / CPA / CMA
Minimum Experience: 5 / 8 years similar experience, preferably worked with big4 Audit firm / Automotive background.
Job-Specific Skills: Strong accounting knowledge, practical Knowledge of IFRS and International Accounting Standards, analytical, advanced systems skills in particular Advance MS Excel, Power Point, SAP, ability to manage and understand a large, complex, multi branded business, good communication skills and team player, ability to work independently.
Behavioural Competencies: Able to plan & prioritise tasks; initiative; self starter; strong team player, positive can-do attitude, easy to reach out, go extra mile to support management team.
About Al-Futtaim Automotive
A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.
Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as the regional representative of some of the world’s most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM.
We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers - right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences.
We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.
What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.