AF24696 - Assistant General Manager - Finance | Corporate Office

Department: Corporate Office
Country: United Arab Emirates
Location: Dubai | UAE
Closing Date: 23-Oct-2016

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.


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
About the Position:

As a part of the team you will be required to establish finance services and control the regional structure of the operations currently spread across the UAE and overseas entities. You will be required to direct and manage all accounting information which is available to the Automotive leadership through robust accounts and Financial Statements, proactive risk management and ensuring compliance with the group’s financial and accounting policies and procedures. You will also be responsible for Financial & Treasury management, MIS and Budgets reviews, Process and Compliance, Systems Reviews, Introduce & Implement Corporate Governance Guidelines.

You will be required to participate in the Automotive Group's growth plans and provide support and guidance in setting up Accounting / Financial policies, processes and procedures for New ventures, existing Business expansions, New Acquisitions ensuring integration with Group's policies, procedures. You will have to liaise with the CFOs to ensure compliance with DOA; review, modify and ensure internal policies are in compliance with Group Policies & Procedures. You will be required to review Feasibility Studies for Planned Capital Expenditures, assist Over-seas companies in obtaining required approvals and implement monitoring mechanisms and develop robust P&L and B/S reporting and analysis. You will be responsible for providing the Automotive leadership with timely insight into operational performance, advice on variances, trends and corrective action to be taken.

You will be required to review cash flow forecasts to ensure timely availability of funds and meet the cash flow reporting needs of the Group and design, review / implement a Dividend Policy to ensure that the funds are efficiently managed with least cost impact (Taxation). You will also be responsible for implementing best practice Finance Shared services structure in overseas companies, where-ever such setups can deliver cost savings and operational efficiency.

About You:

The ideal candidate will be a Chartered Accountant or possess any other professional accounting qualification and will have 10 – 15 years post-qualification experience of which at least 2 years should be as Head of a Large Finance department of an organization of similar dimensions and complexity.

The candidate will also possess good analytical and financial modeling skills, good communication skills, a thorough understanding of automotive dealer/distributor business processes and a thorough understanding of International Accounting Standards & IFRS.

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.