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Finance Manager | AF Holding | Jeddah

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Date: 12-Jun-2019

Location: Jeddah, SA

Company: Al Futtaim Private Company LLC

Job Requisition ID: 36975 

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.


To manage AFIH Finance operations. Aim financial stability by establishing and executing a long-term financial strategy in line with Group Finance and in coordination with AF businesses in KSA. Improve compliance with group and local financial regulation and governance.


KEY ACCOUNTABILITIES: Specify the output required from the job. Identify not more than 7 Key Accountabilities & their performance indicators. NB-Focus on outcomes not tasks:

  • Responsible for preparation of financial statements, both standalone and consolidated, for Al Futtaim International Holding, KSA (AFIH)
  • Responsible to manage statutory audit of financial statements and timely filing of Zakat Return
  • Responsible for VAT compliance and timely filing of VAT returns for AFIH
  • Responsible for WHT compliance and timely filing of WHT Returns for AFIH
  • Manage the accounting activities.
  • Ensure compliance with AF Group accounting systems, policies and regulation.
  • Manage all accounts payables and receivables
  • Manage AFIH financial budget preparation.
  • Apply control and compliance mechanisms
  • Manage and maintain cashflow to meet business requirement
  • Collaborate with BU’s support their funding strategy requirements 
  • Contribute to highlighting financial risks such as cash, debt collections, expenses management etc.
  • Manage outsourced activities.
  • Manage bank relations to support funding strategy
  • Manage other external stakeholders including GAZT, SAMA, SIMA
  • Participate in investment feasibilities
  • Participate in required Financial analysis and generate required reports.    
  • Engage in Cost reduction activities
    JOB CONTEXT: Define organizational policy and other factors that have a critical impact on the job.
    Minimum Qualifications and Knowledge:
    University degree with related experience.
    Minimum Experience:
    8-10 years in a relevant position
    Behavioural Competencies:
    Strategic planning
    Leadership skills
    Strong Decision making

Strong analysis and market research

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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.


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