AF22011 - Finance Manager | Al Futtaim Finance

Department: Al Futtaim Finance
Country: United Arab Emirates
Location: Dubai | UAE
Closing Date: 01-Jan-2016
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

Al-Futtaim Finance

Al Futtaim Finance (AFF), a Central Bank of UAE regulated entity, is a wholly owned subsidiary company of the Al-Futtaim Group, the leading business conglomerate of UAE. AFF specializes in providing a range of innovative consumer finance products to customers across the UAE.

About the Position:

This role reports to the Assistant GM and will support the UAE Financial planning and Analysis functions for Finance and Insurance Business and Consumer finance business. 

This role includes: 

Financial planning and Analysis

  • Manage preparation of Budgets and Quarterly forecast for AFF F&I Business and consumer finance business
  • Monitor and analyze current and past trends in key performance indicators including all areas of revenue, Incentive cost
  • Manage the continued development of Budgeting, Financial Forecasting, Operating Plan and Modeling tools
  • Monthly, Quarterly and yearly Financial reports including monthly FP&A dashboard and newsletter
  • Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes

Consumer Finance Accounting

  • Manage accounting for consumer finance business
  • Manage financial settlement with various companies involved in the transactions

New Business and New Product Launch 

  • Manage preparation of financial model for supporting new business launch
  • Manage the launch of new F&I products including designing of sales process and system setup in SAP ensuring correct revenue recognition in time
About You:

The ideal candidate will have the following qualities: 

  • In-depth understanding & Extensive related experience with min 10 years in financial analysis and reporting.
  • Experience in finance industry / automotive industry is must
  • University graduate with professional qualification such as Chartered Accountant / MBA in Finance
  • Advance excel skills and power point skills
  • Experience in financial modeling
  • Excellent eye for detail, diligent knowledge of accounting regulations
  • Good understanding ERP system (knowledge of SAP system will have preference)
  • Excellent communication & relationship management skills with ability to influence at senior management level.
  • Excellent analytics skills with Specialization in finance analytics
  • Ability to analyze financials, market conditions and identify opportunity for business growth.
  • A proven successful record of accomplishment of management experience at mid management Level.
  • Management experience in a multi-cultural environment
  • Understanding of local regulations related to Consumer Banking is added advantage

 

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.