Finance Manager – Business Development – Automotive Corporate

Al Futtaim Group

UAE

Ref: HP698-8361

Job description / Role

Employment: Full Time

Toyota, 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.

Reports to: Finance Director - Automotive
Direct Reports: None
Department: Business Development
Location: Dubai

Job Purpose:

To establish, manage and maintain financial processes and aspects related to business development activity. This role requires working on projects and feasibilities and therefore the candidate will be responsible for providing sound financial inputs, advice and support to Sr. MD - Business Development. The candidate will also have to work closely with GM Finance - M&A and Integration and various other constituents involved in the projects.

Description:

* Handle individual assignments in relation to preparing financial feasibility, AFE and long term plans for given projects and deliver robust financial analysis, KPI's and other relevant information.
* Review and analyse DD reports related to M&A studies and liaise with concerned departments, business on financial feasibility, review funding with Treasury, review and advice on taxation and provide support and guidance to Sr. MD - Business Development.
* Creation of effective financial database of information from different projects as also from external data such as statistical and country reports.
* Support and facilitate in the post-acquisition integration development, planning and execution.
* Responsible for preparing annual budget for the Division and track monthly progress. Bring major deviations to the notice of Sr. MD and initiate corrective actions.
* Provide support to Automotive Finance Director and team in bringing about synergy and uniformity in finance processes in the areas of acquisitions, projects, feasibilities and other relevant areas.
* To support and advise Sr. MD in commercial review and analysis for decision making, capex evaluation for the new projects, project evaluation and recommendations and business reviews per DOA requirements.

Job Context:
The role acts as the focal point for financial information and database for Sr. MD - Business Development in the area of acquisitions and projects. The candidate therefore should be able to work alongside many constituents involved in the project and simultaneously focus on the Finance agenda in close co-ordination with Automotive Finance Director and GM Finance - M&A and Integration.  

Requirements

To be successfully considered for the above position, candidates will possess the following attributes, knowledge and competencies:

* Internationally recognized accountancy qualification.
* Over 10 years of overall experience with minimum 5 years in automotive dealerships.
* Experience in mergers and acquisition, business integration, planning and execution.
* Tax knowledge, tax planning for businesses in the MENA and East / North Africa region.
* Experience in transfer pricing, set up and operation.
* Automotive business process, accounting and PC skills.
* KPI driven focused analytical skills.
* Have the ability to work along with many constituents in project situations.
* Provide financial leadership.

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.

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