Finance Manager – Automotive Finance Shared Services |
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Al Futtaim Group
Ref: HP698-4905
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The RoleThe RoleToyota, Honda, Marks & Spencers, Ikea, Toys R Us and Dubai Festival City are just some of the amazing stable of world renowned brands managed by the Al Futtaim Group of Companies. Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses in the Gulf region.  Today, Al-Futtaim operates through more than 65 companies in sectors as diverse as commerce, industry and services, and employs in excess of 20,000 people across the UAE, Bahrain, Kuwait, Qatar, Oman, Egypt, Saudi Arabia, Sri Lanka, Syria, Pakistan, Singapore and Europe. Automotive Finance Shared Services is a department under Automotive handling the back office functions related to accounting for Automotive. AFSS handles Accounts Receivables, Accounts Payables, General Ledger Accounting, Reconciliations, Sales Accounting and annual closing and audits for the Automotive Division of Al-Futtaim.We are currently looking to recruit an experienced Finance Manager who will ensure that the finance function operates to the highest professional standards in accordance with international accounting standards and Group Policies. Ascertaining that the finance discipline anticipates, responds and reacts effectively to changing business circumstances, requirements, opportunities and threats and to participate in the management decision making process of the company. Responsibilities of the role include: * Financial Accounts - With an overall appreciation of the accounting requirements, systems and procedures involved, the job holder exercises effective controls and ensures that the company's financial accounting function operates to the highest standard. He is responsible for the timely completing and audit of annual accounts for the company. * Internal Controls - The job-holder keeps internal controls under review and ensures that they are adapted when necessary to meet the changing business requirements and that all transactions are properly validated and authorized in accordance with Group Policies. * System Development - The job-holder constantly reviews new and exciting systems and procedures to identify potential areas for improvement in liaison with IT, by developing appropriate specifications, procedures and for implementation. * Management Information and Budget - The job-holder reviews and analyses variances against budget and business objectives. He provides a commercial interpretation of financial data and where appropriate suggests and implements remedial action. In addition to providing routine management reports the job holder identifies critical areas within the operation which are monitored and where appropriate reported. He highlights in a timely manner areas of potential threat and opportunity. * Treasury Management - The job-holder implements an effective system of funding management that ensures optimum utilization of the available funds. The job holder keeps abreast of development of Treasury Management products and hedging strategies (in accordance with Group Policies) to safeguard the operations from adverse effects. The job holder monitors and effectively manages the working capital requirements of the company particularly in relation to inventories, debtors and borrowings. * Commercial Management - The Job-holder actively contributes in the formulation of company's commercial practice, policies and business strategy highlighting the financial implications of proposals under consideration e.g. Inventory Control, Pricing, Incentive Schemes, Credit Policy, Ordering etc. He provides the financial appraisal and analysis to support the decision-making process. The job holder provides close support and financial advisory back up to the Managers. * Representation on Management Board and Working Groups - He provides specialist input to various working groups e.g. accounting systems and development, Financial Policy development etc. |
RequirementsRequirementsTo be successfully considered for the above position, candidates will possess the following attributes: Minimum Qualification: Chartered Accountant / CPA Skills: Leadership, Interpersonal Skills, strong analytical and communication skills, Exposure to Computer Systems Experience: 10 - 12 years post qualification experience in a structured progressive computerized environment of which at least 5 years should have been in a managerial capacity |
About the CompanyAbout the CompanyEstablished 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. |
This Position is closed or expired
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