Financial Planning & Analysis Manager – Automotive FAMCO

Al Futtaim Group

Dubai, UAE

Ref: HP698-8622

Job description / Role

Employment: Full Time

Financial Planning & Analysis Manager - Automotive FAMCO - Jeddah, Saudi Arabia

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.

The focus of this position will be supporting the senior management team in the analysis and planning of the KSA business headquartered out of Jeddah. The ideal candidate must possess strong business acumen and a dynamic personality as this position interacts with senior management on a daily basis and will be responsible for support company initiatives.

The individual will produce and present detailed analytical recommendations to improve overall results. Knowledge of business concepts and financial statements to improve overall results are essential. This position requires strong interpersonal and communication skills and the ability to interact effectively with all levels of management.

* Demonstrate an In-depth understanding of the P&L, Customers and Key Drivers of the business to ensure profitability and assist in decision making.
* Maintain close partnership with Sales and Business Development to manage the Commercial Finance process with financial modeling and customer analysis.
* Manage the financial planning process (budgets, 5 Year Plan, quarterly and montly forecasts) in partnership with local functional/departmental heads & group organization.
* Creation and maintenance of customer & regional profitability reports to track against Budget.
* Monthly revenue & cost reporting including variance analysis for presentation to Board as well as cost centre reporting assisting budget holders to manage their respective department's costs.
* Manage & develop cost analysis in support of responsibilities: Operational KPIs, Headcount etc.
* Manage and develop a team of 4 individuals, who will be Finance Analysts.
* Actively partner with the senior business leader(s) of the corporate functions, including financial and capital budgeting/forecasting and other high value analysis.
* Create and delivered enhance management reports / dashboards that allow business partners to better understand their business and make informed decisions.
* Deliver business insight, reporting and analysis to Dubai based executives and occasionally with corporate staff as well.
* Provide and implement recommendations to improve both systems and processes that benefit the organization as well as Success Factors.
* Provide financial and integration support as needed in response to the Company's M&A activity.
* Integrate with the company's recruiting and procurement processes to assure spending and investment remains in line approved budgets.
* Partner with the Accounting organization to help assure accurate and timely GL close and reporting.
* Lead and/or support planning system enhancements, upgrades or new product roll-outs. 

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 FP&A succession of positions, ideally in the automotive sector.
* Solid and easily referenced experience managing an FP&A 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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