Financial Analyst

Job description / Role

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:

To provide analytical / commercial / Information support to Management team, to contribute to performance reviews / operational decision making and improvement plans in meeting the company profitability & financial objectives. Support growth and strategy.

What you will do:

Budgeting and Forecast
- Responsible for preparation of Annual Budgets and Periodic Forecasts

MIS and Management reporting
- Preparation of daily/weekly/monthly management reports and presentation for management board.
- Reporting and analysis for each division and branch.
- Support Management in divisional performance reviews and variance analysis
- Coordinate and support Finance Team in GL review and accounting related issues.
- Review, manage and process incentives.

Requirements

Working Capital and Cashflow
- Review and advise Finance Head in all aspects of working capital planning by analysing data and validating underlying assumptions.
- Prepare monthly cash flow's and forecasting based on assumptions.

Commercial Support
- Provide analytical support in evaluating pricing for specific deals.
- Prepare analysis of monthly sales vs expected targets to access effectiveness of the campaigns and pricing decisions.
- Support the business in aspects of Stock and Receivables analysis.
- To support and advise in capex and project evaluation.
- To analyse effectiveness of Incentive models and recommend improvements.

Financial Accounting
- Year end audit support to the finance team to ensure timely completion.
- Assisting finance team to ensure all round development and understanding.

System and process Development
- Advice and support business units in system and process development for new initiatives and existing process improvements.
- SAP user and a key project member in group reporting updates.

Required Skills to be successful:
- Knowledge of SAP ERP
- Should have automotive experience
- Minimum experience of 5 years
- Qualified ACCA or CMA

About the Team:

This role will be reporting to the Head of Finance.

What equips you for the role:
- Qualified Accountant or equivalent post graduate qualification
- Minimum Experience: 6 Years

Job-Specific Skills: Strong accounting knowledge, analytical, advanced systems skills in particular MS Excel and ERP. Ability to manage and understand a large, complex, multi branded business. Good communication skills and team player, ability to work off own initiative, Behavioural Competencies: able to plan & prioritise tasks; initiative; self starter; strong team player, positive can do attitude

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.