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

Job Requisition ID: [[153952]] 

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 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.
 

 

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.

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.

Recruitment in Al Futtaim Group Accounts Assistant | Al Futtaim Motors | Finance (Abu Dhabi, AE)

Job Requisition ID: [[153902]] 

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:

Will be to provide Cashiering (Account Assistant) and Branch Accountant support to the Toyota & Lxus Showroom and Workshop and reporting to Finance Business Partner (FBP) – Retail.

 

What you will do:

  –    Cash (Revenue & Petty Cash Fund) Management:

• Daily Collection Report – Collect cash / credit card payment against cash invoices.
• Daily Collection Report – Maintain and balance daily collection & petty cash fund twice daily
• Monitoring the insurance limits of cash/collection in vault, ensuring the insurance coverage from AOIC if the cash/collection in vault exceeds the limit
• Ensure that collected revenue must be handed over to Transguard on a succeeding day
• Daily collection reports should be uploaded in the shared drive provided by the AFSS
• All collection / PCF verification and hand over are properly signed / filed for future references
• Monitoring and communicate cheque clearance, bouncing cheques, and refund cheques –  Refunds ( Cash , Card to card, Cheque)
• Ensure accurate data entry in SAP – billing cancellation & advance payments should be kept at minimum level – Cash Invoices not yet collected report should be always cleared & monitored
• Ensure sublet and bought-out charges are posted to Job cards for charging the customer
• Receive cash, cheques, online/ bank transfers, credit/ debit card payments from customers, Record all collections in SAP system against relevant customer account, Daily Reconciliation of Revenue and Petty cash, Ensure safekeeping of cash and equivalents, Banking of Revenue Collection.
• Down Payment transfers – In SAP

 

  –    Business Processes & Controls:

• All business processes are conducted according to SOP and with correct levels of sign authority
• Ensure payments / delivery to be done by/for the payer and if 3rd party, UT verified by the Branch Manager should be secured

  –    Accounts Receivables Management (AR Management):

• Daily / Weekly / Monthly monitoring of branch AR report (all credit facilities provided) and follow-up with concerned channels to ensure timely collection of all outstanding / overdue invoices
• Maintain list for all credit facilities provided to branch credit customers including credit limit / credit period / main contact details / credit facility documents if possible
• Performing AR Postings and PDC cheque posting and submission to HO
• Reviewing and ensuring of timely submission of Second sets / P Loan documents submission.
• Reconcile credit customer accounts 

 

  –    Invoicing & Delivery Management:

• Perform financial transactions and process invoices in a timely manner.
• Ensure all relevant AFM document processes are strictly adhered to ensure all bank payments are met
• Ensure Revenue/Provision in place and Assignee clause is without error
• Substantiates financial transactions by auditing documents.
• Perform record keeping of all financial operations.
• Manage Intra & Internal Sales including Government Sales.
• Authorization of all in house AFM sales & credit customers.
• Daily invoice summary for credit invoices & sales return cases, monitor all outstanding debts & report. Performing any amendments required in the invoicing.
• Support & Guiding of Matrix managers, Sales team and Sales Admin.
• Maintain proper invoice filing with complete document set for easy retrieval

  –    Petty Cash Management:

• Verify all cash & cheque transactions from the previous day and encode into SAP.
• Strict adherence of AFM company policy regarding customer refunds, maintain log for tracking purposes.
• Monitoring Petty clash float for ensuring adequate balance and reviewing pending re-imbursements/claims for submission.
• Maintain demo & Fixed Asset fuel log
• Perform Surprise Cash Count as per SOP.
• Ensure that petty cash expenses are paid with appropriate approval as per DOA, liquidity of petty cash must be maintained for smooth branch operations

  –    Financial Reporting, Cost & Internal Controls:

• Finance related processes are conducted in compliance with AFM policies & procedures (SOPs).
• Supporting in monitoring Opex & Capex.
• Monitor & maintain AFM administration document process is adhered at all times.
• Monitor clearance of Open POs follow up with COT & Showroom Admin Team every month
• To carry out Ad Hoc tasks/reports as required by the FBP/ FM / Branch Management

 

 Required Skills to be successful:

• Candidate should have cashier experience
• Basic accounting qualification  
• Can join immediatley 
• Good communication skills

 

About the Team:

The role will report to Finance Business Partner and will be working in a dynamic and busy environment wherein you will be dealing directly with customers
 

What equips you for the role:

• Bachelor degree in Finance/Accounting
• Minimum 3 years’ experience, ideally from an automotive dealership.
• Strong Computer Skills
• Familiarize with SAP system
• Advanced MS-Excel and knowledge of other MS Office  
   

 

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.