Financial Analyst FAMCO OMATRA

Job description / Role

FAMCO (Al-Futtaim Auto & Machinery Company) offers a wide variety of products and services to a diverse range of industries and commercial businesses covering the transportation, construction, oil and gas, manufacturing, warehousing and marine sectors.

The company is well known and highly respected throughout the UAE for the supply and service of heavy vehicles and machinery including trucks, buses, construction machinery, marine engines, air compressors, diesel generators and material handling equipment.
With bases in Dubai, Abu Dhabi, Al Ain and Ras Al Khaimah, the company is the sole UAE distributor for Volvo trucks, Volvo buses and Volvo construction equipment. FAMCO is also the exclusive distributor for internationally renowned industry heavyweights: Yanmar, Ingersoll Rand, Himoinsa, Merlo and Linde.

With excellent service and parts back-up, and providing an exceptionally high standard of product support services through skilled and dedicated teams across all of its operations, FAMCO regularly receives performance awards from its major principals, competing on a global scale with other distributors.

Operating through five separate trading divisions, FAMCO also enjoys an excellent reputation for its turnkey industrial storage and handling solutions, including the design and installation of Dexion shelving and racking systems. It also provides innovative office designs including the supply of furniture and space saving mobile shelving systems.

The company also distributes Ingersoll Rand pneumatic tools for industrial and automotive applications, together with Proto industrial hand tools and Fenner transmission products.
FAMCO is committed to providing outstanding second-to-none service levels to its customers and to maintaining quality, safety and environmental standards at the highest possible levels. FAMCO is an ISO 9001:2008 (Quality Standard) and ISO 14001:2004 (Environment Standard) certified company.

Job Title: Financial Analyst
Reports to: Finance Head
Direct Reports: None
Department: OMATRA - Finance
Location: Beirut
Job Purpose:
To provide analytical / commercial / Information support to FINANCE HEAD & OMATRA Management team, to contribute to performance reviews / operational decision making and improvement plans in meeting the company profitability & financial objectives. Support growth and strategy.
Description:

Annual plans and Rolling Forecast

* Support finance head in the preparation of annual plans and periodical reviews.

MIS and Management reporting:

* Preparation of monthly management reports and presentation for management board.
* Reporting and analysis for each Famco division and brand including a strong KPI focus
* Support FINANCE HEAD in divisional performance reviews and variance analysis
* Co-ordinate and support AFSS team in GL review and accounting related issues.
* Review manage and check incentive schemes and payments

Working Capital and Cashflow:

* Review and advise FINANCE HEAD in all aspects of working capital planning by analyzing historical data and validating underlying assumptions
* Review and Monitor Divisional / Branch level overdue and follow-up with the Divisional team for corrective actions.

Commercial Support:

* Provide analytical support to FINANCE HEAD in evaluating divisional pricing strategies, specific focus on FX risk
* Support review of procurement process / analysis and control
* To support and advise FINANCE HEAD in capex and project evaluation and prepare feasibility reports
* Assist rents and leasing division directly with all aspects of accounting / financial analysis and policy development

Financial Accounting:

* Support the country head of finance in all day to day financial accounting

System and process Development:

* Advice and support FINANCE HEAD / AFSS and business units in system and process development for new initiatives and existing process improvements.
* Become a SAP super user and a key project member in the proposed implementation of SAP BW

Job Context:

The job entails analytical and information support to business units in achieving the financial and profitability objectives. The job holder coordinates with the FINANCE HEAD and divisional senior management teams in delivering the above objectives. The jobholder will liaise and support AFSS team on a continuous and daily basis in interpreting the financial records and ensuring accuracy within the management information systems.

Requirements

Minimum Qualifications and Knowledge:
- Degree in Accounting / Newly qualified.
- Chartered Accountant.

Minimum Experience:
- 3 years similar experience.

Job-Specific Skills:
- Strong accounting knowledge, analytical, advanced systems skills in particular MS Excel and SAP, ability to manage and understand a large, complex, multi-branded business, good communication skills and team player, ability to work off own initiative.

Behavioural Competencies:
- Able to plan & prioritise tasks; initiative; self starter; strong team player, positive can do attitude.

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.