Branch Accountant

Job description / Role

Branch Accountant - Automall - Ras Al Kaimah

Al-Futtaim Automall is the Used Car Division of the Al-Futtaim Group and has been developed following extensive customer research, using worldwide best practices with the addition of market-leading customer service which everyone expects from the Al-Futtaim Group. Established in 2001, Al Futtaim Automall has quickly grown to become the multi brand, pre-owned vehicle market leader in the UAE.

Automall's core business is the purchase and sale of used vehicles both to retail and trade customers, with vehicles ranging from economy to prestige. This is conducted through 8 locations across the emirates by a dedicated team of over 160 Associates and trained Sales Consultants to make sure customers make the right decision when buying a used car. It's all about the people and thus our associates remain our biggest investment.

With Al Futtaim Automall being the only UAE based used car business which adopts transparency as one of its main service values, one can truly say: Al Futtaim Automall, Driven by Trust.

We are currently looking to recruit an experienced Branch Accountant, to be based in one of our Ras Al Kaimah Showroom.

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

Specific Tasks to be carried out include:
* 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 deals
* 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 requirements
* 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

Minimum Experience:
- Exposure to ERP preferably in SAP
- Experience in front end Financial Control
- 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.