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Finance Manager I Al-Futtaim Auto Center I Dubai, United Arab Emirates

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Date: 02-May-2019

Location: AE

Company: Al Futtaim Private Company LLC

 

 

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

 

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

 

Come join us to live well, work better, and be the best.

 

 

Job Title: Finance Manager

 

Reporting Line: Business Unit Finance Manager

 

Division: Al-Futtaim Auto Center (ALAC) - Finance

 

Location: Dubai, United Arab Emirates

 

 

Job Purpose:

  • Help business evaluate their strategies and proposed new business plans and to help business prepare feasibility reports.
  • Lead the planning & budgeting cycle & help business prepare their budgets, quarterly updates and strategic five year plans.
  • Lead and direct the monthly & annual closing & reporting process.
  • Prepare monthly management reports and the Board Pack as per agreed deadlines.
  • Support BuFM in divisional performance review and variance analysis.

 

 

Job Accountabilities:

  • Financial Planning and Analysis
    • Support and advise BUFM in Project evaluations/feasibility studies for new business opportunities and give recommendation
    • Help business prepare AFE’s per company policies & cashflows.
    • Support and advise BUFM in Capex spend evaluations.
    • Lead the planning/budgeting & forecasting cycles for ALAC & its sister companies.
    • Liaise & provide support business to complete the budgets in a timely manner with quality outputs.
    • Lead the 5 year strategic planning cycle for ALAC.
    • Liaise & provide support business to complete the budgets in a timely manner with quality outputs.
    • Preparing Divisional and Retail KPI’s and composites along with complete analysis of financial results versus budget/plans & variance analysis.
    • Preparing monthly management reports and reports for management board
    • Develop and maintain capital budget.
    • Provide analytical support to BUFM in evaluating Divisional pricing strategies

 

  • Financial Reporting & Management
    • ​​​​​​​Lead the monthly closing process & ensure books are closed accurately in a timely manner.
    • Lead the annual year-end closing process in a smooth manner.
    • Support review of procurement process / analysis and control
    • Ensure that all policies and procedures are implemented and followed.
    • Ensure that appropriate financial regulations and controls are in place and in use at all times.
    • Monitor closely and keep the management updated on regulations affecting the business in overseas ventures.
    • Review and advise BUFM in Inventory and Order planning by analysing historical data and validating underlying assumptions.
    • Co-ordinate and support Automotive Finance Shared Service (AFSS) team in GL review and accounting related issues

 

  • Budget Management/Analysis
    • ​​​​​​​Monitors expenditures and income related to budgets to assure availability of funds.
    • Propose and carry out any remedial action necessary to rectify abnormal variances on budget line items.
    • Researches and analyzes discrepancies and processes appropriate correction transactions.
    • Cost Optimisation – Maintain the expenses within budget/cut-off with strict monitoring.

 

  • Other Financial tasks
    • ​​​​​​​Ensuring the process on systematic billing and accounting is followed.
    • Strict adherence of corporate policies which have financial impact (CAPEX, Travel, Loans & Advance etc.)

 

 

Minimum Qualifications and Knowledge:

  • Bachelors degree in Accounting/Finance/Commerce.
  • Chartered Accountancy//CIMA/ACCA/MBA (Finance) is a must.

 

 

Minimum Experience:

  • A minimum of 5years experience in finance management preferably within an automotive sector.
  • Experience in leading the planning & reporting cycle of a big organization.
  • Experience in a Big 4 will be a plus.

 

 

Job-Specific Skills & Behavioural Competencies :

  • Demonstrable skills in working with financial models and financial analysis.
  • Conflict handling.
  • Influencing skills.
  • Report writing.
  • People’s management.
  • Able to handle multiple priorities simultaneously.
  • Able to work to tight deadlines and the ability to work under pressure.
  • Planning and Budgeting.
  • Cost Control/Optimisation.
  • A high level of computer literacy in the more common applications.
  • An analytical mind able to quickly assess large amounts of information and data.
  • Managing projects and task.
  • Trouble shooting.
  • Ability to build and sustain relationships in a multicultural and matrixed environment.
  • Well-developed negotiation, interpersonal, communication and liaison skills gained through experience in working with staff at all levels of a large multi-disciplined organization.
  • Ability to think clearly and lucidly when under pressure.
  • Able to talk to all levels of the organization.

 

 

 

 

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. 

 

 

REF: RJ