Branch Accountant - Financial Analyst | Al-Futtaim Automotive

Job description / Role

Overview of the role

As a Branch Accountant, you will be assisting the Accounts Manager in making key day-to-day accounting decisions. This role is crucial for ensuring the financial health and compliance of our operations.

What you will do

• Invoicing for units of commercial vehicles (CV) and rental invoicing for commercial vehicles - Hino and Toyota Motors Handling Equipment (TMHE)
• Validating sales order conditions and recovery account balance before invoicing
• Issuing gate passes for invoiced units
• Liaising with central finance on DP allocation, returns, and rebilling
• Managing VAT refunds for export billing
• Submitting export BOE in SAP
• Ensuring compliance with defined policies and SOPs, and highlighting any discrepancies to managers in a timely manner
• Following up on accounts receivable with the business
• Liaising with business managers on overdue accounts
• Calculating expected collections and provision releases
• Conducting monthly stock reconciliation and IND verification
• Handling Capex requests for all divisions of Hino and Toyota Motors Handling Equipment (TMHE)
• Ensuring compliance with procurement SOPs on quotes, vendor selection, etc.
• Reviewing and analyzing recovery and upselling accounts
• Reviewing AFSS reports and submitting clearing transactions to AFSS
• Uploading budgets in SAP/IFRP and generating upload files for IFRP (flat file)
• Creating upload tables for SAP
• Liaising with various Al-Futtaim Group departments like central finance, group legal, EIT, group admin, group HR
• Monitoring and managing general ledgers and assisting in balance sheet substantiation
• Establishing key financial performance key performance indicators (KPIs) and creating measurement and governance dashboards based on these KPIs
• Preparing dashboards for monthly presentations
• Evaluating business decisions and reviewing financial impacts

Required skills to be successful

• Accounting professional qualification (Bachelors in Accounting and Finance, MBA-Finance)
• Proficiency in MS Office (Word, Excel, PowerPoint, MS Projects)
• 3 to 5 years of well-rounded experience in the field of finance and accounting
• Strong core finance technical skills, processes, infrastructure, and systems

About the team

• As a Branch Accountant, you will be reporting to the Branch Account Manager.

What equips you for the role

• Experience with ERP (preferably SAP, BPC)
• Proven expertise in financial and management accounting

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 and 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.