Commercial Manager – NSGG Shared Services
Al Futtaim Group
Al-Futtaim Engineering is multi disciplinary engineering organisation which has been operating throughout the United Arab Emirates since 1974. As a member of the Al-Futtaim Group, we enjoy the benefits of being a part of one of the leading business houses operating in the lower Gulf Region.
Through our five divisions, we offer a wide variety of products and services in the construction, commercial and industrial sectors. Our involvement in numerous large scale projects in the UAE has given us a wealth of experience. From Scaffolding to Elevators and Security Systems to Air-conditioning, Sanitaryware and Facilities Management, the Al-Futtaim name spells quality & reliability.
Key functions of this position are as follows:
*Reviewing of monthly financial statements and providing explanations on the variance analysis
*Reviewing of contracts and providing inputs on the profitability etc
*Evaluating Business decisions and review financial impacts
*Conducting Feasibility study
*Managing Projects from inception of Cost Sheet to Hand over - all commercial aspects
*Overseeing local and Import Purchases of the division, handling Principal communication
*Preparing Flash Results
*Closing of accounts as per the forecast provided in Flash Results
*Preparing BS and Cash Flow in required formats
*Working Capital analysis and reporting
*Preparing Business Review Meeting (BRM) Pack
*Closing account books on a monthly/annual basis
*Reviewing and reconciliation of BS accounts
*Coordinating with the Business on Manpower planning
*Vetting and assisting the Revenue forecast prepared by the business
*Forecasting expenses and other costs based on historical trend and future plans
*Vetting and forecasting Capital Expenditure Budget
*Reviewing quarterlyÂ the actual vs. Budget and SPLY
*Weekly forecasting of cash flow based on collection and various outflow in different formats for the Group Director and for Group Finance
*Ensuring Commercial & financial integrity and reliability, reviewing and strengthening business internal controls and procedures, implementation of DOA and ensuring compliance with local laws.
*Responsible for ensuring yearend audit and periodic internal audit requirements and implementation of internal Audit recommendations
*Handling SAP - PS Module
*Creating Projects in SAP
*Maintaining regular AMC in SAP
*Coordinating with the SSF on PS, AR, AP, GL, ICM and Payroll accounting
*Ensuring that the business is adequately covered by insurance policies against various risks
*Reviewing of cost control measures to increase the profitability and increase efficiency
*Preparing SOP's and implementation of the same
*Coordinating with STS on various IT and Systems development
*Looking after back office operations
To be successful in this role, you will be able to demonstrate:
* Qualifications- CA / CPA / CIMA
* Experience- Post Qualification Experience of 4 years to 7 years
* IT/Systems- Exposure to ERP systems, preferable SAP environment
* Languages- English
* Competencies - Astute commercial and financial knowledge of Trading and Service environment.
About the Company
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 Group’s 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 Group’s 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.