Financial Controller - Automotive - FAMCO

Al Futtaim Group

Jeddah, Saudi Arabia

Ref: HP698-9315

Job description / Role

Employment: Full Time

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 UAE, Saudi Arabia, Qatar and Oman. 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.

Reporting directly to the Finance Manager, the Financial Controller is responsible for all financial management and accounting transactions for KSA business.

Responsibilities include ensuring timely preparation of financial and management accounts, reviewing and evaluating the accounting postings/transactions, fund management and supervising a team of Accounts personnel.

* Prepares the accounts of the company on a monthly and quarterly basis, ensuring timely submission of reports and other financial information requested to by the Group according to the established deadlines.
* Prepare annual statutory audits, liaise with internal and external auditors and assist in preparation of reports.
* Previews and analyses management accounts data with the respective Profit and Cost Centre Managers.
* Ensure the business is fully compliance with IFRS (and updates), KSA accounting standards and group policies.
* Ensures that all contracts and business dealings are in accordance with established Company practices and conform to local laws.
* Day to day supervision and management of the Accounts staff
* Evaluates performance of Accounts staff and provides coaching and development opportunities as required. This includes recommendation for training to HR Department
* Financial Management of cash flow - including review and preparation of weekly/monthly statements and monitoring excesses
* Strict control of Accounts Receivable and ensures Senior Management is advised in a timely manner of any issues and required actions to be taken
* Implements systems and procedures to ensure correctness of accounting information, including procedures to detect and eliminate fraud.
* Expense administration in conjunction with the HR & Administration Managers, in relation to employee reimbursements etc.
* Procurement control, including implementing and ensuring adherence to the Schedule of Authority for expenditure
* Supervises monthly bank reconciliations and checking all control accounts, reconciles with income ledgers and expense ledgers.

Requirements

QUALIFICATION/EXPERIENCE:

* Ability to work in an extremely fast-paced environment with rapidly changing business priorities.
* Minimum of six years post qualification experience (more preferred) of steady growth in the Financial Controller succession of positions, ideally in the automotive sector.
* Solid and easily referenced experience managing an Financial Controller team and providing excellent partnering to Senior and Executive level internal customers.
* Ability to naturally analyze, prioritize, and synthesize all types of information to allow timely and effective business impact on a consistent basis.
* Excellent analytical skills.
* Sufficient balance of wisdom, flexibility, balance, intelligence, confidence and ability to prioritize to be able to operate (both as individual and as team leader) at a very high level of effectiveness extremely demanding, driven and execution-oriented environment.
* Ability to leverage 80/20 rule as second nature to maximize analysis and modeling efficiency and effectiveness in an extremely fast paced environment with no time for analysis paralysis.
* Unquestioned integrity and ability maintain required confidentiality associated with this key financial position.
* Professional Accountancy Qualification.

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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Customer Service Supervisor salaries in Oman

Average monthly compensation
OMR 850

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