Financial Analyst – FAMCO

Job description / Role

FAMCO (Al-Futtaim Auto & Machinery Co.) is a market leading supplier of products & services to a diverse range of industries & commercial undertakings covering the transportation, construction, manufacturing, warehousing, oil & gas and marine sectors. FAMCO serves these industries with world-class brands like Volvo Trucks, Volvo Buses, Volvo Construction Equipment, Merlo, Ingersoll Rand, Linde, Dexion, Yanmar, Himoinsa, Stanley Proto, Fenner, Bruynzeel, Mobel Linea, Meco, Bott, Stertil, Hart & Nassau.

FAMCO has operations in Dubai, Abu Dhabi, Al Ain & Ras Al Khaimah. The company's development and success has been based on an in-depth understanding of customer needs and the dedication of its skilled staff.

FAMCO is committed to providing outstanding second-to-none service levels to customers and to maintaining quality, safety and environmental standards at the highest possible levels. FAMCO is an ISO 9001:2008 & ISO 14001:2004 certified company.

Department: FAMCO - Finance
Location: Dubai

Job Purpose:
To provide analytical / commercial / Information support to BUFM (UAE) & FAMCO 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 BUFM in the preparation of annual plans and periodical reviews.

MIS and Management reporting:
(a) Preparation of monthly management reports and presentation for management board.
(b) Reporting and analysis for each Famco division and brand including a strong KPI focus
(c) Support BUFM in divisional performance reviews and variance analysis
(d) Co-ordinate and support AFSS team in GL review and accounting related issues.
(e) Review manage and check incentive schemes and payments
Working Capital and Cashflow:
(a) Review and advise BUFM in all aspects of working capital planning by analyzing historical data and validating underlying assumptions
(b) Review and Monitor Divisional / Branch level overdue and follow-up with the Divisional team for corrective actions.

Commercial Support:
(a) Provide analytical support to BUFM in evaluating divisional pricing strategies, specific focus on FX risk
(b) Support review of procurement process / analysis and control
(c) To support and advise BUFM in capex and project evaluation and prepare feasibility reports
(d) Assist rents and leasing division directly with all aspects of accounting / financial analysis and policy development

System and process Development:
(a) Advice and support BUFM / AFSS and business units in system and process development for new initiatives and existing process improvements.
(b) Become a SAP super user and a key project member in the proposed implementation of SAP BW

Performance Indicators:
* Adherence to agreed timelines.
* Quality support and data to divisional management team
* Accurate and structured reporting
* Accurate and structured reporting
* Adherence to agreed timelines.
* Produce quality performance review and recommendations.
* Assist management in understanding financial metrics and the influences upon them
* Identify areas for improvement
* Provide early warning signals
* Continuous follow-up and update action initiated by business units.
* Maintain historical database and analysis.
* Exception reporting for corrective actions
* Provide objective analysis and Recommendations
* Possess process knowledge and SAP requirements
* Co-ordination with STS/AFSS/ business to support process changes.

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 BUFM 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: 5 / 8 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.