UAE national_Finance Business Partner | Al Futtaim Automotive | Finance (AE)

Posted on May 18, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group UAE national_Finance Business Partner | Al Futtaim Automotive | Finance (AE)

Job Requisition ID: [[154379]]

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:
As a member of Finance team – to support the branch operations (Sales and After sales) – 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:
Financial Performance Review & Commercial Support to Branch Management
•   Perform regular Branch level (Sales & Aftersales) Financial reviews and variance analysis with Branch Management (DP) for all responsible branches and thus ensuring that branch performance is in line with relevant budgets/Forecasts
•   Support Branch Management (DP) in review of KPI trends (Sales & Aftersales), suggest improvement plans and prepare reports/analysis for monthly Branch reviews to be held with Director Retail & BUFM.
•   Regularly monitor and control Branch indirect costs (Facility Maintenance, casual labours, utilities, data processing, stationery, cafeteria etc)
•   Supporting Branch Management in synergising process and costs between sales, aftersales and other brands within the same site
•   Check and ensure that all Branch POs are created, and GRs completed within the relevant months and adequate provisions are booked before close of month to reflect right profitability.
•   Validating CAPEX cost requirements at branches and ensuring that these are within budgeted levels

Forecast and Budget Support:
•   Support branch management by validating Weekly Forecasts (Sales & Aftersales) submitted to HO
•   Supporting FM & GM with Preparation of site wise Quarterly Forecasts, Annual Budgets and upload into SAP

Sales Accounting and cash control:
•   Oversee via the Branch Accountants and Accounts Assistants to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals for Sales & Aftersales.
•   Ensure through branch Finance team the release of VCC, Sale letter & Gate passes (Sales & Aftersales) are in line with company procedures.
•   Validation through test checks of Sales document pack /LPO and credit approval or clear funds/ registration copy and delivery to ensure process compliance.
•   Ensure that refunds are processed by branch within the sub-delegated authority with proper documentation and those beyond Branch authority are processed through Central Finance (AFSS).
•   Check and validate all agreed check list before confirming passport release of branch staff.
•   Reviewing all petty cash payments, test checking daily collections and deposits to ensure compliance
•   Liaise with Central Finance (AFSS) and other departments to ensure that all intercompany transactions, upsell recoveries, Pricing differences etc are regularly reconciled and kept on track

Stock, Insurance & WIP controls:
•   Ensure Stock controllers adhere to standard documentation and procedures about stock movements and best practices followed on stock management of on-site stocks including Demo/display/Damaged stock.
•   Ensure adequate insurance coverage is in place for dealership stock, cash, assets and other components at all times.
•   Review periodical physical inventory (Units and Parts) and reconciliation to ensure physical stocks match with the system stocks.
•   Participate in and support the smooth conduct of Annual stock counts (Units and Parts)
•   Monitoring of aftersales WIPs at branches regularly and ensure timely closing of job cards to ensure revenue recognition as per IFRS

Credit Control & AR Collections:
•   Facilitate through Branch Finance team, timely submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
•   Review with Sales team (sales & aftersales) on overdue and collection on regular basis and provide status report to Branch Management and BUFM

Policy, Procedures and Internal Audit recommendations:
•   Ensuring that all Finance SOPs are adhered to by the branch and adequate advice is provided in compliance matters (INDs, DNIs export sales etc.)
•   Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
•   Facilitate Group internal audit review of branch operations and ensure timely implementation of audit recommendations

Leadership:
•   To lead and supervise the finance team of all responsible Branches (Sales & Aftersales)
•   Provide appropriate trainings to the Branch Finance team from time to time

Ad hoc tasks & Projects:
•   To carry out Ad Hoc tasks/reports as defined by the BUFM / Branch Management / GM or any other member of Senior Management.
•   Involve into Projects representing various business areas as and when required.

Required Skills to be successful:
•   Degree in Accountancy or ACCA, qualified Accountant with the minimum 3years of experience in FP&A & Financial Accounting
•   Ability to manage own workload, considering needs of stakeholders, timelines, and deadlines
•   Must be a team player, supporting others, drawing on support from others & sharing in successes & challenges
•   Experience of working on SAP & on data analytics platform Tableau , Alteryx, Power BI etc. is highly desirable

About the Team:
The role will report to the Senior Financial Controller and you will be managing a team of Branch Accountants / Assistant Branch Accountants / Accounts Assistants / Cashiers & will be working in a dynamic and busy environment.

What equips you for the role:
Minimum Qualifications and Knowledge:
Chartered Accountant (or similar qualification)
Minimum Experience:
4/5 years’ experience in Automotive dealership or retail environment
Job-Specific Skills: Analytical, process oriented, good communication skills, exposure to ERP
Behavioral Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, Self-starter; and a strong team player.

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.

UAE national_Financial Analyst | Al Futtaim Automotive | Finance (AE)

Posted on May 18, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group UAE national_Financial Analyst | Al Futtaim Automotive | Finance (AE)

Job Requisition ID: [[154380]]

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:

Prepare financial feasibility analysis for operating company performance and business cases, with regard to specified key performance indicators, including balance sheet and working capital financials. Support business requirements, as needed, in the areas of finance, treasury and tax.

What you will do:
Preparing Financial Feasibility analysis:

Develop extensive feasibility models and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the operational business or business case, reflecting expenditure, place, marketability, recovery period and profitability for review and decision by senior management.

Management Information Systems:

Develop suitable business MIS to encapsulate all the key performance indicators : financial, commercial & operational
Provide effective and timely Management Reports – financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations, including analysis of key financials, balance sheet and working capital

Collecting and Analyzing the Data:

Collect data from both internal and external resources on various types of costs. Income and expense projection and variance analysis
To deliver robust P&L and B/S reporting and analysis; and timely insight into operational performance. To provide timely advice on variances, trends and corrective action to be taken.

Key area support:

Support senior management in aspects of finance, treasury and tax, as required.

Required Skills to be successful:

Bachelor’s degree in finance
Minimum (4) years as financial analyst
Good communication skills
SAP user

About the Team:
You will be reporting to the Finance Manager and will be an individual contributor

What equips you for the role:

Post graduate degree in Finance with extensive knowledge of Financial Management, Information Systems, Financial Analysis, Treasury and Tax gained through work experience with organizations of repute.
ACA Chartered Accountant or equivalent
Excellent numeracy skills, Analytical skills, Positive leadership, Team-builder, Commercial awareness
Well-developed oral and written communication skills are a must. Ideal candidate must be self directed. Strong interpersonal and team building skills.
Previous experience in a similar position in a world class organization will be advantageous.

Processes & Controls Manager – Finance | Al Futtaim Automotive | Global Aftersales (AE)

Posted on May 16, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Processes & Controls Manager – Finance | Al Futtaim Automotive | Global Aftersales (AE)

Job Requisition ID: [[154781]]

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:

The Processes & Controls Manager will support in leading Global Aftersales in its process, controls and compliance strategies to ensure continuous improvement and to mitigate risk whilst improving internal control and efficiencies.

The incumbent will lead cross functional teams to assess processes and information streams using internationally recognised Quality Systems, Records and Information Management while owning the development of quality control, ensuring that business process models clearly articulate and support companies’ objectives and value propositions.

The incumbent will support Global Aftersales Finance team in conjunction with operational teams including Body & Paint, Accessories, Parts, Tier-2, etc. in formulating and implementing internal control check points. He/she will assist in installing accurate metrics to indicate performance and recommend in taking corrective actions whenever necessary.

The incumbent will assist the Sr. Financial Controller in defining the project objectives, scope, organization, timelines and overall approach of spearheading the Global Aftersales goal of achieving the Group’s accepted quality and control standards.

What you will do:

Understand current business process and identify business requirements via GAP analysis
Analyse data and reports to provide recommendation for corrective actions
Work independently with subject matter experts within the organisation to define concepts and take ownership for the direction of process owners
Drive and challenge business units on their assumptions of how they will successfully execute their plans
Drive to eliminate the silos between operations, technology and support teams in any initiatives
Be able to work with cross functional organization to build a sense of shared ownership and minimizes potential resistance
Lead and draft the key processes and operational SOPs having financial implications with clear delegations and authorities
Review the Tier-1 integration with Global aftersales and drive the operational effectiveness of the underlying processes including reporting, approval matrices, review mechanisms, etc. and drive the supporting functions
Support the Sr. Financial Controller in resolution of the outstanding internal audit recommendations
Successfully engage in multiple projects simultaneously

Required Skills to be successful:

Extensive Financial analyst experience
Automotive background / experience
Commercial experience
Can manage independently

About the Team:

The role will report to Sr. Financial Controller – Global Aftersales and you will be working in a very busy and fast pace environment.

What equips you for the role:

Minimum Qualifications and Knowledge:

MBA (Finance) with strong accounting knowledge or Member of a professional body of accountants (e.g. CPA, ACA, ACCA, CIA or ACMA) or be a partly qualified professional.
Minimum Experience:
Demonstrated experience with current systems analysis principles, method, procedures, practices, tools and techniques.
A proven ability to communicate effectively with variety of levels of knowledge, skills and responsibilities.
Extensive application of project management principles in managing projects and initiatives.
Ability to articulate process and systems integrations applying best business practices.
Vast working knowledge on various automotive processes (e.g. Sales, After sales, Supply Chain, Leasing, etc.)
Minimum 5 years working experience in the automotive industry

Financial Analyst | Al Futtaim Automotive | Global Aftersales (AE)

Posted on May 16, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Financial Analyst | Al Futtaim Automotive | Global Aftersales (AE)

Job Requisition ID: [[154784]]

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:

Global Aftersales operations encompasses aftersales operations of all brands and companies covering all UAE, GCC and International geographies of Group’s Automotive Division including specialized Body & Paint and Tier-2 company ALAC.
Financial Analyst will be responsible for preparation and drive the culture of thorough financial analysis, performance reviews, feasibility analysis for all operating companies and activities under the ambit of Global aftersales operations. He/she will be a trusted finance partner to General Manager – Tier-1/Dispersion Management and will be reporting to Sr. Financial Controller – Global Aftersales. He/she will be responsible to provide both internal and external stakeholders with insightful, accurate and timely financial and operational analysis/information.
Key responsibility include performance analysis and business cases, with regard to specified key Aftersales performance indicators, including Monthly Review & MIS, Management Dashboard reporting, Budgeting and forecasting exercise, Divisional performance analysis, productivity analysis, Business Review Meeting presentations and working capital management/optimizations.

What you will do:

•   Analyze performance of all Aftersales operations across brands against targets, present the analysis to the operational stakeholders with insightful recommendation to improve the business
•   Develop & maintain monthly KPIs for GM – Tier-1/Dispersion Management and other Global aftersales operational team by location and support to drive profit maximization
•   Provide effective and timely Management Reports – financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations.
•   Be an integral part of all the operational stakeholders meeting including Aftersales service operation committee meetings, monthly closing meetings, management meeting etc.
•   Assist in financial planning and analysis support of strategic planning activities as necessary, Annual Budgets/ Forecasts & strategic plan/ Board updates/ presentations.
•   Active role to prepare and deliver end-to-end forecasting, annual budget , long term strategy with Global aftersales planning team
•   Enter the final set of data in the feasibility model and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the business, reflecting expenditure, place, marketability, recovery period and profitability enabling the management to assess the viability of the project.
•   Review accounting and IFRS treatment of aftersales exceptional/key transactions and support global aftersales team for any business implications.
•   Ensure proper calculation and recording of Inventory/ Doubtful Debts Provision on monthly basis in compliance with applicable financial policies and procedures.
•   Support monthly book closing activities for the assigned division.
•   Lead by example – thrive to create an honest and open work environment where individuals collaborate /support each other as a team and are passionate to achieve a common business objective.
•   Additional to the above-mentioned requirements an Employee will at times be expected to perform tasks and duties outside of his/her scope of work as necessitated by work demand.

Management Information Systems
Develop suitable business MIS to encapsulate all the key performance indicators: financial, commercial & operational.

Collecting and Analyzing the Data
Collect data from both internal and external resources on various types of costs. Income and expense projection and variance analysis

Key area support
Support senior management in aspects of pricing, cost controls, finance, treasury and tax, as required.

Required Skills to be successful:

•    Extensive Financial analyst experience
•    Automotive background / experience
•    Commercial experience
•    Can manage independently

About the Team:

The role will report to Sr. Financial Controller – Global Aftersales and you will be working in a very busy and fast pace environment.

What equips you for the role:

•   Qualified Accountant or equivalent post graduate qualification.
•   Minimum 7-10 years relevant experience
•   Excellent numeracy skills, Analytical skills, Positive leadership, Team-builder, Commercial awareness
•   Well-developed oral and written communication skills are a must. Ideal candidate must be self directed. Strong interpersonal and team building skills.
•   Previous experience in a similar position in a world class organization will be advantageous.

Sr. Financial Controller | Al Futtaim Automotive | Global Aftersales (AE)

Posted on May 16, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Sr. Financial Controller | Al Futtaim Automotive | Global Aftersales (AE)

Job Requisition ID: [[154783]]

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:

Global Aftersales operations encompasses aftersales operations of all brands and companies covering all UAE, GCC and International geographies of Group’s Automotive Division including specialized Body & Paint and Tier-2 company ALAC.
Senior Financial controller will participate in the planning, performance management and controlling cycle of the Global Aftersales. He/she will be a trusted business partner to Managing Director of Global aftersales and his operations team. He/she will be responsible to develop the (financial) reporting process with state-of-the-art tools to provide both internal and external stakeholders with insightful, accurate and timely financial information. Within his/her role as Senior Financial Controller, he/she has a lot of autonomy and responsibility. He/she, together with Business Control oriented staff, part of the Global Aftersales finance department and will report to the General Manager of Finance.

What you will do:

•   Review and analysis of monthly financial statements of all Global Aftersales operations and dispersion management across all brands, ALAC;
•   Partner with Sr. FCs of ALAC and other businesses to establish Global aftersales P&L performance review and develop reporting / KPIs to review with key stakeholders.
•   Perform detail costing for cost to serve and provide visibility on financials KPI to drive business and operational accountability
•   Understand individual market dynamic on return and after sales opportunity; translate to financials implication to drive P&L and Cashflow optimization.
•   Analysis of forecasts and budgets of all activities, locations, of Global aftersales operations, including consistency checks;
•   First line support of Global aftersales operations and local financial controllers on finance related questions;
•   First line support of Global aftersales operations and local financial controllers on finance related questions;
•   Development, maintenance and analysis of divisional specific reports and dashboards;
•   Optimizing financial processes and performance through data analysis (e.g., process mining, business intelligence);
•   Analysis of consolidated product contribution margins;
•   Preparation of accounting position papers;
•   Support in development and delivery of extensive KPI pyramid across all Global aftersales locations and brands/companies
•   Lead initiatives to improve financial decision making and visibility regarding inventory, demand, and supply at region.
•   Be the voice of finance in business and operations reviews. Challenge business case from a profitability and cashflow perspective
•   Manage the control environment for inventory and develop best practices
•   Participate, own, and deliver all Global aftersales M&A and unwind projects;
•   Support operational leaders and GMs
•   Liaise with peers (Sr. FCs) of all the businesses to build and deliver a monthly performance culture by also keeping strong focus on working capital and cashflows improvements

•   Support in consolidating information for Brands and active point of contact with Brand Finance team.
•   Collect data from both internal and external resources on various types of costs. Income and expense projection and variance analysis
•   Help in preparing or sharing the site level P&L view on monthly basis.
•   Review of P&L with Brand Lead / Performance office / GM on risk and opportunities
•   Prompt support to get ad-hoc data and analysis for General Manager aftersales and his Brand Lead / planning team.
•   Active role with Planning team on end-to-end forecasts, annual budget, strategic plans preparation
•   Financial ownership of all warranty and retention products across Global aftersales portfolio with responsibility to provide effective and timely Management Reports on all Warranty and retention products

• Develop detailed business MIS to encapsulate all the key performance indicators for end-to-end global aftersales operations and performance covering all financial, commercial & operational dimensions

Required Skills to be successful:

• Extensive Financial analyst experience

• Automotive background / experience

• Commercial experience

• Can manage independently

• Process / Audit background

About the Team:

The role will report to General Manager Finance and you will be working in a very busy and fast pace environment.

What equips you for the role:

•   Qualified Accountant or equivalent post graduate qualification.
•   Minimum 12-15 years relevant experience
•   Excellent numeracy skills, Analytical skills, Positive leadership, Team-builder, Commercial awareness
•   Well-developed oral and written communication skills are a must. Ideal candidate must be self directed. Strong interpersonal and team building skills.
•   Previous experience in a similar position in a world class organization will be advantageous.

Financial Analyst – Aftersales Pricing & Cost Controls – ALAC | Al Futtaim Automotive | Aftersales (AE)

Posted on May 16, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Financial Analyst – Aftersales Pricing & Cost Controls – ALAC | Al Futtaim Automotive | Aftersales (AE)

Job Requisition ID: [[154777]]

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:

Prepare financial feasibility analysis for operating company performance and business cases, with regard to specified key performance indicators, including Monthly Review & MIS, Management Dashboard reporting, Budgeting and forecasting exercise, Divisional performance analysis, productivity analysis, Business Review Meeting presentations and working capital financials. Support business requirements, as needed, in the areas of pricing and cost controls.

What you will do:

Preparing Financial Feasibility analysis
Develop extensive feasibility models and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the operational business or business case, reflecting expenditure, place, marketability, recovery period and profitability for review and decision by senior management.
•   Analyze performance of all After Sales brands against targets, present the analysis to the operational stakeholders with insightful recommendation to improve the business
•   Develop & maintain monthly KPIs by location and support in driving profit maximization
•   Provide effective and timely Management Reports – financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations.
•   Be an integral part of all the operational stakeholders meeting including Aftersales service operation committee meetings, monthly closing meetings, management meeting etc
•   Assist in financial planning and analysis support of strategic planning activities as necessary, Annual Budgets/ Forecasts & strategic plan/ Board updates/ presentations
•   Enter the final set of data in the feasibility model and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the business, reflecting expenditure, place, marketability, recovery period and profitability enabling the management to assess the viability of the project.
•   Developing the monthly regular & irregular financial reports, submit them to Group as well as posting actual, forecast & budget financial results into SAP system for financial consolidation of the group.
•   Review Accounting transactions for data accuracy
•   Ensure proper calculation and recording of Inventory/ Doubtful Debts Provision on monthly basis in compliance with applicable financial policies and procedures.
•   Responsible for monthly book closing activities for the assigned division
•   Reconciling complex accounts that have been escalated from the AR team
•   Liaising with Customers as well as internal personnel including the sales team
•   Divisional pricing strategies
•   Lead by example – thrive to create an honest and open work environment where individuals collaborate /support each other as a team and are passionate to achieve a common business objective.
•   Additional to the above-mentioned requirements an Employee will at times be expected to perform tasks and duties outside of his/her scope of work as necessitated by work demand.

Management Information Systems

Develop suitable business MIS to encapsulate all the key performance indicators : financial, commercial & operational

Provide effective and timely Management Reports – financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations, including analysis of key financials, balance sheet and working capital.

Collecting and Analyzing the Data

Collect data from both internal and external resources on various types of costs. Income and expense projection and variance analysis

To deliver robust P&L and B/S reporting and analysis; and timely insight into operational performance. To provide timely advice on variances, trends and corrective action to be taken.

Key area support
Support senior management in aspects of pricing, cost controls, finance, treasury and tax, as required.

Required Skills to be successful:

•   Extensive Financial analyst experience
•   Automotive background / experience
•   Commercial experience
•   Can manage independently

About the Team:

The role will report to BUFM – Body & Paint, Accessories & PDI and you will be working in a very busy and fast pace environment.

What equips you for the role:

•   Post graduate degree in Finance with extensive knowledge of Financial Management, Information Systems, Financial Analysis, Treasury and Tax gained through work experience with organizations of repute.
•   ACA Chartered Accountant or equivalent
•   Excellent numeracy skills, Analytical skills, Positive leadership, Team-builder, Commercial awareness
•   Well-developed oral and written communication skills are a must. Ideal candidate must be self directed. Strong interpersonal and team building skills.
•   Previous experience in a similar position in a world class organization will be advantageous.

Finance Business Partner -Body & Paint / Accessories /PDI -ALAC | Al Futtaim Automotive | Aftersales (AE)

Posted on May 16, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Finance Business Partner -Body & Paint / Accessories /PDI -ALAC | Al Futtaim Automotive | Aftersales (AE)

Job Requisition ID: [[154770]]

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:

As a member of Finance team – to support the Body & Paint and Accessories operations (ALAC Aftersales) – on (a) decision support for budgeting / forecasting / MIS and KPI achievement (b) performance management (c) Finance partnering with General Managers of Body & Paint and Accessories divisions and their operational teams to provide value added insights and actionable reports in the most efficient manner (d) 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 (d) day to day internal controls review and improvement.

What you will do:

Financial Performance Review & Commercial Support
1. Perform regular Financial reviews and variance analysis with Operational heads and Management for all responsible activities and branches and thus ensuring that performance is in line with relevant budgets/Forecasts
2. Support management in review of KPI trends, suggest improvement plans and prepare reports/analysis with full drilldown at activity and location level reviews to be held with GMs of B&P and Accessories along with Sr. Financial Controller ALAC.
3. Regularly monitor and control indirect costs (Facility Maintenance, casual labours, utilities, data processing, stationery, cafeteria etc)
4. Supporting Management in synergising process and costs between aftersales and other activities within the same site
5. Check and ensure that all Branch POs are created, and GRs completed within the relevant months and adequate provisions are booked before close of month to reflect right profitability.
6. Validating CAPEX cost requirements at each location and ensuring that these are within budgeted levels.

Forecast and Budget Support
1. Support branch management by validating Weekly Forecasts submitted to central ALAC finance team
2. Supporting Sr. Financial Controller & GMs with Preparation of site wise Quarterly Forecasts, Annual Budgets and upload into SAP

Sales Accounting and cash control
1. Oversee via the accounting to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals for B&P, Accessories and PDI.
2. Ensure through Finance team the release of VCC, Sale letter & Gate passes are in line with company procedures.
3. Validation through test checks of Sales document pack /LPO and credit approval or clear funds/ registration copy and delivery to ensure process compliance.
4. Ensure that refunds are processed by branch within the sub-delegated authority with proper documentation and those beyond Branch authority are processed through Central Finance
5. Check and validate all agreed check list before confirming passport release of branch staff.
6. Reviewing all petty cash payments, test checking daily collections and deposits to ensure compliance
7. Liaise with Central Finance and other departments to ensure that all intercompany transactions, upsell recoveries, Pricing differences etc are regularly reconciled and kept on track

Stock, Insurance & WIP controls
1. Ensure Stock controllers adhere to standard documentation and procedures about stock movements and best practices followed on stock management of on-site stocks including Damaged stock.
2. Ensure adequate insurance coverage is in place for dealership stock, cash, assets and other components at all times.
3. Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.
4. Leading and participating in and support the smooth conduct of Annual stock counts
5. Monitoring of aftersales WIPs at branches regularly and ensure timely closing of job cards to ensure revenue recognition as per IFRS

Credit Control & AR Collections
1. Facilitate through Branch Finance team, timely submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
2. Review with aftersales operational team on overdue and collection on regular basis and provide status report to Sr. FC and leadership

Policy, Procedures and Internal Audit recommendations
1. Ensuring that all Finance SOPs are adhered to by the responsible branches and adequate advice is provided in compliance matters
2. Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
3. Facilitate Group internal audit review of branch operations and ensure timely implementation of audit recommendations

Leadership
1. To lead and supervise the finance team of all responsible Branches
2. Provide appropriate trainings to the responsible Finance team from time to time.

Ad hoc tasks & Projects
1. To carry out Ad Hoc tasks/reports as defined by the Sr. FC / GMs or any other member of Senior Management.
2. Involve into Projects representing various business areas as and when required.

Required Skills to be successful:

1. Extensive Financial analyst experience

2. Automotive background / experience

3. Commercial experience

4. Can manage independently

About the Team:

The role will report to Sr. Financial Controller – ALAC and you will be working in a very busy and fast pace environment.

What equips you for the role:

Minimum Qualifications and Knowledge: Chartered Accountant (or similar qualification)

Minimum Experience: 7 – 10 years experience in Automotive dealership or retail environment

Job-Specific Skills: Analytical, process oriented, good communication skills, exposure to ERP

Behavioural Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, Self starter; and a strong team player.

Financial Analyst – Warranty & Retention Products | Al Futtaim Automotive | Global Aftersales (AE)

Posted on May 16, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Financial Analyst – Warranty & Retention Products | Al Futtaim Automotive | Global Aftersales (AE)

Job Requisition ID: [[154779]]

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:

Prepare financial feasibility analysis for operating company performance and business cases, with regard to specified key performance indicators of all Automotive Warranty and Retention Products including their balance sheet, working capital and compliance aspects. Support business requirements, as needed, in the areas of developing new products, pricing, risks and daily diligence of all warranty and retention products.
Actively work with the Global aftersales operational, dispersion management and its Planning teams from start of any project / process. Be a active supporter to align the financial process requirement within the organization

What you will do:

New Retention product feasibility
•   Active role work together form produce design phase until the product feasibility is ready.
•   Financial feasibility study with the team. Help planning function on identifying the areas to consider for the feasibility.
•   Support in aligning the process compliance as per IFRP standards + other finance functions.
•   Take lead on the financial / accounting system setup inline with the sales and operational process
•   Post launch : Monitor GL and highlight / work with stakeholders on deviations.

Develop extensive feasibility models and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the operational business or business case, reflecting expenditure, burn rates, risk management and profitability for review and decision by senior management.

Existing Products Reviews:
•   Monthly review on the GL status of retention products.
•   Help in clarifying information for the potential releases or risks.
•   Develop, own and circulate the early warning dashboard on daily, weekly and monthly basis for all warranty and retention products
•   Develop suitable business MIS to encapsulate all the key performance indicators : financial, commercial & operational
•   Provide effective and timely Management Reports on all F- financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations, including analysis of key financials, balance sheet and working capital.

Principal Reporting:
• Provide holistic brand level financial KPI data for Principal reporting such as Absorption rate. (data sharing decision with Brand Lead)
• Support Brand Lead in validating +ve or -ve claims from Principal.

Reporting and Dashboards:
• Provide effective and timely Management Reports on all Warranty and retention products – financial and operational reports and dashboards to Business operations that enable Global Aftersales leadership to manage their operations, including analysis of key financials, balance sheet and working capital.

Management Information Systems

Develop suitable business MIS to encapsulate all the key performance indicators : financial, commercial & operational

Collecting and Analyzing the Data
Collect data from both internal and external resources on various types of costs. Income and expense projection and variance analysis
To deliver robust P&L and B/S reporting and analysis of all warranty and retention products; and timely insight into operational performance. To provide timely advice on variances, trends and corrective action to be taken.

Required Skills to be successful:

Extensive Financial analyst experience
Automotive background / experience
Commercial experience
Can manage independently

About the Team:

The role will report to Sr. Financial Controller – Global Aftersales and you will be working in a very busy and fast pace environment.

What equips you for the role:

Finance Analyst / Business Partner | Al Futtaim Automotive | AF Electric BYD (Dubai, AE)

Posted on May 12, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Finance Analyst / Business Partner | Al Futtaim Automotive | AF Electric BYD (Dubai, AE)

Job Requisition ID: [[153952]]

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:

As a member of Finance team – to support the branch operations (Sales and After sales) – 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:
Financial Performance Review & Commercial Support to Branch Management

Perform regular Branch level (Sales & Aftersales) Financial reviews and variance analysis with Branch Management (DP) for all responsible branches and thus ensuring that branch performance is in line with relevant budgets/Forecasts
Support Branch Management (DP) in review of KPI trends (Sales & Aftersales), suggest improvement plans and prepare reports/analysis for monthly Branch reviews to be held with Director Retail & BUFM.
Regularly monitor and control Branch indirect costs (Facility Maintenance, casual labours, utilities, data processing, stationery, cafeteria etc)
Supporting Branch Management in synergising process and costs between sales, aftersales and other brands within the same site
Check and ensure that all Branch POs are created, and GRs completed within the relevant months and adequate provisions are booked before close of month to reflect right profitability.
Validating CAPEX cost requirements at branches and ensuring that these are within budgeted levels

Forecast and Budget Support

Support branch management by validating Weekly Forecasts (Sales & Aftersales) submitted to HO
Supporting FM & GM with Preparation of site wise Quarterly Forecasts, Annual Budgets and upload into SAP

Sales Accounting and cash control

Oversee via the Branch Accountants and Accounts Assistants to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals for Sales & Aftersales.
Ensure through branch Finance team the release of VCC, Sale letter & Gate passes (Sales & Aftersales) are in line with company procedures.
Validation through test checks of Sales document pack /LPO and credit approval or clear funds/ registration copy and delivery to ensure process compliance.
Ensure that refunds are processed by branch within the sub-delegated authority with proper documentation and those beyond Branch authority are processed through Central Finance (AFSS).
Check and validate all agreed check list before confirming passport release of branch staff.
Reviewing all petty cash payments, test checking daily collections and deposits to ensure compliance
Liaise with Central Finance (AFSS) and other departments to ensure that all intercompany transactions, upsell recoveries, Pricing differences etc are regularly reconciled and kept on track

Stock, Insurance & WIP controls

Ensure Stock controllers adhere to standard documentation and procedures about stock movements and best practices followed on stock management of on-site stocks including Demo/display/Damaged stock.
Ensure adequate insurance coverage is in place for dealership stock, cash, assets and other components at all times.
Review periodical physical inventory (Units and Parts) and reconciliation to ensure physical stocks match with the system stocks.
Participate in and support the smooth conduct of Annual stock counts (Units and Parts)
Monitoring of aftersales WIPs at branches regularly and ensure timely closing of job cards to ensure revenue recognition as per IFRS

Credit Control & AR Collections

Facilitate through Branch Finance team, timely submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
Review with Sales team (sales & aftersales) on overdue and collection on regular basis and provide status report to Branch Management and BUFM

Policy, Procedures and Internal Audit recommendations

Ensuring that all Finance SOPs are adhered to by the branch and adequate advice is provided in compliance matters (INDs, DNIs export sales etc.)
Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
Facilitate Group internal audit review of branch operations and ensure timely implementation of audit recommendations

Leadership

To lead and supervise the finance team of all responsible Branches (Sales & Aftersales)
Provide appropriate trainings to the Branch Finance team from time to time

Ad hoc tasks & Projects

To carry out Ad Hoc tasks/reports as defined by the BUFM / Branch Management / GM or any other member of Senior Management.
Involve into Projects representing various business areas as and when required.

Required Skills to be successful:

Degree in Accountancy or ACCA, qualified Accountant with the minimum 3years of experience in FP&A & Financial Accounting
Ability to manage own workload, considering needs of stakeholders, timelines, and deadlines
Must be a team player, supporting others, drawing on support from others & sharing in successes & challenges
Experience of working on SAP & on data analytics platform Tableau , Alteryx, Power BI etc. is highly desirable

About the Team:
The role will report to the Senior Financial Controller and will be working in a dynamic and busy environment.

What equips you for the role:

Minimum Qualifications and Knowledge:

Chartered Accountant (or similar qualification)

Minimum Experience:

4/5 years experience in Automotive dealership or retail environment

Job-Specific Skills: Analytical, process oriented, good communication skills, exposure to ERP

Behavioural Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, Self starter; and a strong team player.

Tax Compliance Manager | Finance Shared Service Center | Corporate Services (Dubai, AE)

Posted on May 12, 2023 by sajeevkadavanad

Recruitment in Al Futtaim Group Tax Compliance Manager | Finance Shared Service Center | Corporate Services (Dubai, AE)

Job Requisition ID: 154130

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 A”rab 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 organisation 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.

We are currently seeking an experienced treasury professional to join our Finance Shared Service Center in the capacity of Tax Compliance Manager.

Overview of the role
This position is responsible for the tax compliance processes and activities of the Tax Tower ensuring the timely and effective delivery of the tax compliance and reporting deliverables.

The successful candidate will work closely with the Tax SSC Head, Tax Accountants, businesses, service providers, and other tax professionals in carrying out responsibilities.

What you will do

Keep track of Tax Compliance and Reporting deadlines and deliverables by implementing the Tax Tools per the Group’s Tax Operating Model
Create, automate and improve templates to capture information to be used in reporting for existing filing requirements and be able to set up new templates for new filing obligations
Develop and improve on existing tax record to report processes to enable data to be provided to both internal and external stakeholders in an efficient and timely manner
Integrate and support the Businesses with any new tax registration requirements and incorporate into the common working paper template and process
Assist the Businesses in ensuring the tax requirements for existing and new jurisdictions are properly captured in existing financial reporting and billing systems as well as in any new systems
Ensure that Al-Futtaim Group of companies are compliant with their tax compliance and reporting obligations and that returns are prepared and filed accurately and on time
Provide relevant tax technical, system and process training to Businesses and Tax Tower Accountants
Assist Businesses in responding to audits and enquires from Tax Authorities
Draft SOPs across all relevant tax operational processes
Ensure appropriate tax documentation is retained for compliance with local Tax Regulations

Required skills to be successful

Tax technical skills
Analytical mind set, process oriented, well organized,
Analyze end to end Tax process for identification of gaps/risks,
Exposure to ERP. (Preferably SAP)
Regional Tax knowledge and knowledge of international taxation would add an advantage
Knowledge of Process improvement methodologies like six sigma, Lean etc.
Ability to communicate and interact well

What equips you for the role

Tax, Finance or Accounting certified – MBA Finance, ACA, ACCA, CFA, CIMA qualified accountant or equivalent

At least 7+ years relevant experience within a large organization in a managerial level

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.