Finance Manager

Al Futtaim Group

Doha, Qatar

Posted on: 13 Jun 2024

{{ flashMessage.message }}

JOB DESCRIPTION / ROLE

Employment: Full Time

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role:

We are looking for finance manager to manage Qatar & Oman finance

What you will do:

Financial Accounting
- Manage financial and management accounting for Rental and Leasing business as per IAS, IFRS and as per AF Group defined guidelines
- GL, Profit Center and Cost Center Management - maintenance of effective & defined GL, PC & CC in SAP
- Reconciliation of Vendors, Accruals, Banks, Qatar/Oman: Traffic Fines, Fixed Assets, etc. on timely basis
- Leasing and rental to understand full end to end system and process,
- Regular monitor of Qatar/Oman front end system transactions and postings
- Monitor Qatar/Oman front end system and SAP reconciliations

Preparation of Forecasts and Budgets
- Preparation of the monthly pre flash forecasts, working closely with the FP&A and controllership central team.
- Preparation and ownership of quarterly forecasts and planning exercise.
- Preparation and ownership for entity budgeting exercise

Reporting & Audit
- Preparation of Monthly Financials pack for both entities
- Preparation of mid-month forecasts during the month as required
- Submission of BI/BPC/Forecast/Flash/ Actuals in Auto IFRP systems
- Monthly, Quarterly, and Ad-hoc reporting related to Qatar/Oman
- Support the internal, external and regulatory audit and Ensure timely preparation of audit data as per requirement and all feedbacks are implemented after

Policies, Processes & Documentation
- Ensure accounting records are updated as per defined accounting policies for different functions and sub-function
- Annual review of accounting policies, i.e. FA/GL/AR/AP/VAT
- Recommend promptly updating of policies as per changes in business or as per requirement.
- Development and customization of desired reports in SAP based on business requirement.
- Explore & implement automation of various reports from IFRP system.

ICM & Vendor Management
- Ensure ICM mechanism is in place for automotive brands dealer incentives and ICM auto acceptance postings and carry out reconciliation, if required.
- ICM transactions are reviewed every month, initiate closure of old pending transactions issues, escalate open ICM transactions for its timely closure.
- Ensure vendor invoices are properly approved, booked before initiating payment on respective due date.
- Ensure efficient documentation system is maintained.
- Ensure that PO related and Non-PO related vendor invoices are booked within 2 working days of receipt of invoices with relevant Tax code and GL assigned. Reconcile GR/IR GL on monthly basis
- To ensure online payment system is secured without manual intervention OR to explore alternate payment option in Mashreq Matrix.

Requirements:
Required Skills to be successful:
- Automotive or Financial Services experience
- Based in Qatar or Oman
- Certified Accountant (CPA, CMA, ACCA)
- Good Communication skills

About the Team:

You will be reporting to Sr. Financial Controller

What equips you for the role:
- CA, MBA Finance
- Automotive, financial services, rental and leasing industry
- Advanced Excel & SAP

About Al-Futtaim Automotive
A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.

Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as the regional representative of some of the world's most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM.

We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers - right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences.
We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.

What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.

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.

Advertise Here
INSTALL APP
×