Branch Accounting Manager - AF Motors

Job description / Role

We are currently looking to recruit an experienced Branch Accounts Manager to be based in our Sharjah branch.You will be responsible for supporting the BranchManager and reporting to Business Unit Finance Manager on decision support for KPI achievement, budgeting and forecasting; and ensure compliance with company policies and procedures with major emphasis on cash control, sales accounting and approvals, credit controls and approvals, stock controls, audit report follow-up and day to day internal controls review and improvement.

Specific Tasks to be carried out includes:
- 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 ongoing system process and ensure its applicability to business requirements
- Participating in division wide financial reviews conducted by the Business Unit Finance Manager

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.

Requirements

- Degree in Accounting with a Chartered Accountant (or similar qualification such as ACA, ACCA, CMA etc)
- 4/5 years experience in Automotive dealership or retail environment
- Analytical, process oriented, good communication skills, exposure to ERP

Behavioural Competencies:
Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, 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.