Ref: HP698-16761

Job description / Role

Job Type
Full Time
Job Location
Dubai, UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Finance, Business Analysis & Consulting
Company Industry
Retail

About Al-Futtaim Group

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

The Financial Controller role is integral to the efficient governance and control of financial services across UAE, GCC, and international geographies. The position demands accurate and timely reporting for all businesses under Financial Services management, in adherence to group and divisional deadlines. This role defines and guides financial operations and functions according to AFG guidelines, ensuring the financial statements reflect accurate finance positions in line with international accounting and reporting standards.

As the lead for managing and developing accounting policies, the holder will ensure processes are robust, supervise financial accounting functions, publish monthly financial packs, and implement reliable reconciliation processes. Reporting needs to align with local and regulatory requirements, and oversight must be maintained over various systems and platforms related to rental, leasing, lending, and core accounting systems. Audit, compliance, and team management responsibilities also form key components of the role.

What you will do

Financial governance and framework
  • Define accounting policies and processes in accordance with relevant IAS and IFRS standards.
  • Record income and expense accounts accurately and according to policies.
  • Manage contracts and agreements with all stakeholders.
  • Submit financial results within the agreed reporting calendar while ensuring accuracy.
  • Monitor accruals, payables, and receivables continuously to minimize discrepancies.
  • Coordinate with AFSS and Group Companies on intra-company transactions and settlements to prevent revenue leakage.
  • Ensure policies are defined for all revenue streams.
  • Conduct monthly closing, budget analysis, and year-on-year variance analyses.
  • Reconcile fixed assets, specifically fleets, across systems.
  • Financial control and reporting
  • Implement proactive cost control measures to analyze, identify, and reduce costs.
  • Prepare internal, FS Division, Head Office, and statutory reports including submissions to Central Banks timely and accurately.
  • Enhance coordination with brands and various stakeholders for seamless financial operations.
  • Define and manage cost centers, ensuring proper allocation and recording.
  • Prepare monthly Brand Revenue Split reports.
  • Generate monthly and quarterly finance reports for information exchange and better analysis.
  • Audit and compliance
  • Manage UAE VAT compliance efficiently.
  • Plan, manage, and supervise interim and statutory audits.
  • Follow up on and implement internal audit observations in collaboration with respective departments.
  • Review and timely respond to internal audit observation queries.
  • Ensure compliance with Central Regulations.
  • Fund and petty cash management
  • Manage petty cash for rental and leasing business operations.
  • Maintain and monitor credit card usage.
  • Team management
  • Motivate the team to achieve optimal performance.
  • Balance work structure according to team strengths, individual potential, and business requirements.
  • Discuss and implement team development plans.
  • Required skills to be successful

  • Minimum of 10 years of extensive experience in finance - automotive.
  • Quality and time management as core essence.
  • Excellent oral and written communication with strong relationship management skills.
  • Ability to analyze financials and market conditions to identify opportunities for business growth.
  • About the team

    You will be reporting to Senior Manager - FP&A.

    What equips you for the role

  • Minimum of 10 years of extensive experience in accounting and finance functions in the corporate world, preferably in the automotive industry.
  • Qualified as a Chartered or Management Accountant with expertise in managing finance departments including accounting and financial analysis.
  • Knowledge and compliance with International Accounting and Reporting Standards.
  • Experience with ERP systems, particularly SAP FICO.
  • 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 9,000-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.

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    Financial Controller salaries in Dubai

    Average monthly compensation
    AED 17,000

    Breakdown available for industries and years of experience