AF7311 - Business Unit Finance Manager | OMASCO

Department: OMASCO
Country: Oman
Location: Muscat | Oman
Closing Date: 30-Nov-2012
Al-Futtaim

Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates.

Al-Futtaim employs in excess of 44,000 people, operates through more than 200 companies and represents more than 225 international brands across industries as diverse as retail and wholesale trading, distribution, real estate development, leisure and hospitality, insurance and financial services. The group has significantly expanded its business operations in recent years through a strategic acquisition plan and has entered a number of new territories, increasing its footprint beyond the GCC and Greater Middle East to encompass Africa, South East and North Asia, Australasia, East Africa and Europe.

Entrepreneurship and rigorous customer focus has enabled Al-Futtaim to grow its business by responding to the changing needs of the customers and societies in which it operates. Al-Futtaim is committed to offering customers an unrivalled choice of the world’s best brands with exceptional standards of customer service and after sales support.

Structured into four operational divisions; automotive, financial services, real estate and retail, Al-Futtaim maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance. This benefits employees, providing a clearly defined work culture where individuals are empowered with authority and responsibility for their work.

The success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility. The majority of businesses, built on a portfolio of world leading brands, dominate their sector.

Automotive

Al-Futtaim is regarded as a pioneer in the region’s automotive industry. The company imported the first consignment of Toyota vehicles to the UAE and established Al-Futtaim Motors in 1955.

Al-Futtaim represents 44 automotive brands across 16 countries and encompasses every aspect of the business:

  • Passenger and commercial vehicles sales
  • Manufacturing agricultural vehicles
  • Construction equipment sales and service
  • Used car sales
  • Rental and leasing

OMASCO

Oman Marketing and Services Company (Omasco) is a leading trading, property and financial services business in Oman with key activities in automotive, marine, electronics, projects and engineering, industrial products and other services. Established in 1974, the company represents leading world-renowned brands and strives to be one of the most respected companies in Oman.

Omasco is represented across Oman with sales and service teams based in each key city or town. The team in Omasco is highly motivated towards trying to provide an excellent customer experience supported by regular training by the franchise Principals to ensure all products can be properly serviced and maintained.

The company holds exclusive distributorship rights in Oman for many world-class brands including Honda, Panasonic, Toyo, Yanmar, GE, Black &Decker, Raymond Weil, Kolber, YAMAHA, Dow, Prominent, Culligan, Alba, Aftron, Hamilton Jet and ADNOC.

About the Business:

Oman Marketing and Services Company (Omasco) is a leading trading, property and financial services business in Oman with key activities in automotive, marine, electronics, projects and engineering, industrial products and other services.  Established in 1974, the company represents leading world-renowned brands and strives to be one of the most respected companies in Oman.

About the Job:

We currently have an opening for an experienced Business Unit Finance Manager, for Honda Business to join OMASCO.

The role will report to Chief Financial Officer (CFO) of Omasco and will have a dotted line reporting to Regional Head of Finance for Honda.

The responsibilities of this role are:

  • Delivering robust Daily Sales Report, monthly P&L and KPI reporting, applicable commentaries and key balance sheet items such as inventory / receivables, as applicable to the Honda business.
  • Providing effective monthly and annual forecasting processes to the business, along with comments and analysis, sensitivity, and graphical presentations.
  • Ensuring financial integrity and reliability, reviewing and strengthening business internal controls and procedures, implementation of DOA, and providing leadership on process and governance.
  • Facilitate setting up of business objectives and ensure timely submission of Annual Plan and Rolling forecasts.
  • Review of Business performance against the plan and report operational efficiencies to the Managing Director of OMASCO (MD) / Regional Managing Director (RMD) for corrective action and to ensure financial objectives of the company are met.
  • Drive preparation of monthly Management reports to business and the Management Board.
  • Present Divisional and Retail KPI’s for benchmarking and sharing best practices across locations
  • Evaluate and validate inventory planning of the business units and recommend areas for improvement to MD and RMD.
  • Provide support to MD / RMD to ensure Receivable and overdue levels of the business units are as per agreed target.
  • To support and advise MD and Divisional GMs in (i) commercial review and analysis for decision making (to achieve business objectives); (ii) Capex evaluation and recommendation, Project evaluation and recommendation, (iii) conduct business reviews (iv) DOA requirements
  • Advice and support the business units in system and process development for new initiatives and existing process improvements.
  • To support MD / RMD in review of policy and procedures of the company and recommend improvement plans to strengthen internal controls.
  • Evaluate business response to Internal Audit and ensure timely implementation of Audit Recommendations and compliance with OMASCO Finance support.
About You:

To be successfully considered for the above position, candidates will possess the following attributes, knowledge and competencies:

  • Internationally recognized accountancy qualification.
  • 15 years overall experience with minimum 5 to 8 years in automotive dealerships.
  • Automotive business process, accounting and PC skills.
  • KPI driven customer focused operation.
  • Have the ability to lead change processes.
  • Provide financial leadership.
Note: you will be required to attach the following: 1. Resume/CV
 
Al-Futtaim offers highly engaging and supportive work environments in a culture that values, recognises and rewards quality performance.