Account Manager - Payable - Automotive Corporate

Al Futtaim Group

Dubai, UAE

Ref: HP698-9562

Job description / Role

Employment: Full Time

Toyota, Honda, Marks & Spencers, Ikea, Toys R Us and Dubai Festival City are just some of the amazing stable of world renowned brands managed by the Al Futtaim Group of Companies. Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses in the Gulf region. Today, Al-Futtaim operates through more than 65 companies in sectors as diverse as commerce, industry and services, and employs in excess of 20,000 people across the UAE, Bahrain, Kuwait, Qatar, Oman, Egypt, Saudi Arabia, Sri Lanka, Syria, Pakistan, Singapore and Europe.

Automotive Finance Shared Services is a department underAutomotive handling the back office functionsrelated to accountingfor Automotive. AFSS handles Accounts Receivables, Accounts Payables, General Ledger Accounting, Reconciliations, Sales Accounting and annual closing and audits for the Automotive Division of Al-Futtaim.

Reports to: Finance Manager
Direct Reports: 3
Department: Automotive Finance Shared Services
Locations: Dubai

JOB PURPOSE:
As a member of AFSS - To support the Department Head and to ensure compliance with company policies and procedures with major emphasis on General Ledger Reconciliations & Review, Cash control, Fixed Assets, Audit Sales accounting Clearing and processes.

DESCRIPTION:

General Ledger:
* Review of all the GL Accounts Postings and ensuring the compliance, preparing action-triggering summary of issues with proposed action.
* Ensuring the IFRS compliance.
* Ensuring the Adherence to Group Policy and procedures and any highlighting the deviations any.
* Monthly reviews of General Ledger postings, Manual and system Postings, trend analysis, process improvement, streamline process across automotive companies.
* Providing analysis and reports related to open line item in General ledger and taking required action to clear.

General Ledger reconciliations:
* Reconciling of GL Accounts, preparing action-triggering' schedules and taking timely action to resolve any issues.
* Monthly reviews of General Ledger /trend analysis, process improvement, streamline process across automotive companies.
* Providing analysis and reports related to open line item in General ledger and taking required action to clear.
* Providing support in yearly stock audit and yearly closing of books.

Bank/Cash:
* Review of Bank Accounts and Cash Clearings and ensuring the timely completion.
* Ensuring the timely completion of Bank Reconciliations and taking appropriate and corrective actions
* Review of Cash clearing and Cheque clearing Schedules, ensuring no pending items, if any highlighting the line manager and taking appropriate action.

Fixed Assets:
* Maintaining the Fixed Assets Register, ensuring the Group policies and procedures for new assets and disposals.
* Maintain the Fixed assets registers for the assigned companies.
* Ensuring the Group Policies and Procedures for Creations of New Assets and Disposal of Assets.
* Ensuring the corrective accounting Treatment.
* Review of Inter branch transfer of assets.

Intercompany and Intercompany:
* Review of all Intercompany and Intra company Balances, ensuring the accounts are clean and clear.
* Ensure the Sub ledgers and Recon ledger balance are tying up
* Clearing all the Intra customer Ledger Accounts and transfer to the appropriate GL account
* Review of all the old and aged outstanding ICM balances

Monthly Closing and Reporting:
* To provide the all the required support to all the stake holders for month closing and reporting purpose.

JOB CONTEXT:
* Job holder is required to interact with AM/FM - AFSS; Location Managers and Divisional Heads - requires good communications skills.
* Understanding of systems (SAP and Policy / Procedures) is crucial both for determining applicability and relevance as well as for designing verification procedures and processes that are meant to highlight exceptions.

Requirements

Minimum Qualifications and Knowledge:
- Degree in Accounting/ Professional accounting qualification preferred. (ACCA/CA).
- Excellent written and verbal communication and interpersonal skills. Ability to communicate and interact well.

Minimum Experience:
- 3 to 5 years of similar experience, with a good knowledge of ERP systems.

Job-Specific Skills:
- Good accounting knowledge, Analytical, process oriented, well organised, with excellent communication skills, a team player. Should possess a good knowledge of excel and have prior experience in working with large databases.

Behavioural Competencies:
- Organization: Should be plan and prioritize workload with minimum supervisory input.
- Self-Starter: Should be able to anticipate emerging trends and issues in the books of account and initiate appropriate action.
- Team Player: Should enjoy working in a team and be able to solve problems and resolve issues in a amicable manner.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.

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Merchandiser salaries in Bahrain

Average monthly compensation
BHD 500

Breakdown available for industries, cities and years of experience