Finance Manager – Al Futtaim Travel

Job description / Role

Al Futtaim Travel is proud to be a Member of the Al-Futtaim Group - one of the largest business groups in the Middle East.

We are a specialist corporate & leisure travel management company that utilizes a wide range of quality and specially selected travel products and services to provide even the most discerning of travelers with a fully comprehensive travel service.

* Manage the accounting activities so that daily, fortnightly, monthly and annual accounts are accurate and up-to-date as per the accounting standards of the Company
* Implement adequate controls to safeguards the company assets at the outstation. Controls include verification, insurance, custodianship, proper utilization and maintenance.
* Manage the liquid asset receivable function so that the revenues generated by the outstation are fully secured. This includes credit-vetting, adequate bank guarantees, collecting all dues on their due dates including under collection invoices, managing risk by controlling revenue stock, maintaining targeted days-of-collection, balance confirmation from debtors and profitable pruning of risky accounts.
* Manage cash and liquid assets as per Corporate Treasury Policy.
* Manage the payable function so that all supplier dues are fully justified and authorized. This includes maximizing price advantage, utilization of credit period and supplier relations. Verify and vouch all expenses incurred by the GSA on behalf of the Company prior to the inclusion of such expense in the GSA account.
* Effect employee payments (e.g. reimbursements), local taxes and implement all other finance related local rules so that the Company abides by all the relevant local laws.
* Monitor station revenues and provide necessary feedback to the General Manager so that tariff requirements are fully observed and revenues are secured.

Requirements

* Minimum Qualifications and Knowledge: CA/CPA
* Minimum Experience: 5 Years
* Job-Specific Skills: SAP or Oracle Financials knowledge is must
* Behavioral Competencies : 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.