Job closed
Ref: HP698-9076
Job description / Role
Al-Futtaim Automotive is regarded as a pioneer in the lower Gulf region's automotive industry and encompasses every aspect of the automotive business, from passenger and commercial vehicles and construction equipment, sales and service to used car sales, rental and leasing. A comprehensive network of showrooms, service and sale centres cover the UAE and Gulf region providing customers with convenience, choice and the highest standards of after-sales service.
Trading Enterprises (TE), a division of the Al-Futtaim Group and was established in 1971. TE is the exclusive distributor of Volvo, Chrysler, Dodge and Ram products in the UAE. In addition, it is the distributor of Jeep in Dubai and the Northern Emirates. Across its sales, service and parts operations, Trading Enterprises continues to grow as the business expands every year.
Job Purpose:
You will provide retail finance support to the Branch Manager and constantly co-ordinate with branch team for compliance of policies and procedures. You will have a functional reporting relationship with the Business Unit Finance Manager on budget and performance measurement, overall financial control and audit compliance.
* Supporting branch management and Business Unit Finance Manager on preparation of budget, performance summary and review of variance analysis
* Supporting in review of on retail KPI trends and improvement plans with branch management and Business Unit Finance Manager
* Reviewing of daily collection and deposit of cash and cheques and validate excess/short collection
* Verifying and posting of post-dated cheques
* Reviewing petty cash management and documentation
* Ensuring all documentation is complete as per company procedures for all finance/ cash/ credit/ inter and intra company deals
* Authorizing release of VCC and Sales letter as per company procedure
* Validation of Sales document pack /LPO and credit approval or clear funds/ registration copy and authorize final release of the vehicle for customer delivery
* Processing refunds within the sub-delegated authority/documentation and facilitate refund process for beyond authority levels
* Checking and validating all agreed check list before confirming passport release of branch staff
* Ensuring stock controllers adhere to standard documentation and procedures with regard to goods receipts and goods issues of stock and stock-in-transit and verify demo/display/damaged stock management on a regular basis
* Reviewing periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks
* Processing credit application request for RAM approval and maintain relevant documentation as per approved credit deal
* Submitting deal packs for finance deals and provides support and follows up with AFGE for early collection of bank debts
* Review with the Retail/ Fleet Management on overdue and collection on periodical basis and provide status report to RAM
* Facilitate group internal audit review of branch operations and ensure the implementation of audit recommendations
* Continuous review of existing policy and procedures and recommend improvements to strengthen internal control
* Review on going system process and ensure its applicability to business requirement
* Participating in division wide financial reviews conducted by the Business Unit Finance Manager
Requirements
Minimum Qualifications and Knowledge: Degree in accounting with professional accounting qualification such as ACA, ACCA, CMA etc
Job-Specific Skills:
* Exposure to ERP preferably in SAP
* Experience in front end Financial Control
* Â Expert accounting knowledge
* Previous working experience in MIS/ Management accounting
* Analytical and process oriented
* Well organized with excellent communication skills
* Should possess good knowledge of MS Excel
* Self-starter and a strong team player
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.