UAE National - Branch Accountant | Al-Futtaim Automotive

Job description / Role

Job Requisition ID: 165766

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 enable 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 role offers support specifically tailored to the multi-brand facility, encompassing the showroom, service, and spare parts departments. The Branch Accountant will play a crucial role in ensuring the financial activities and transactions related to these three activities are accurately recorded, monitored, and reported. The role will be reporting to the Finance Business Partner (FBP). Below are the key responsibilities.

Responsibilities

• Perform financial transactions and process invoices in a timely manner.
• Ensure all relevant AFM document processes are strictly adhered to ensure all bank payments are met.
• Ensure revenue/provision is in place and Assignee clause is without error.
• Substantiate financial transactions by auditing documents.
• Perform record keeping of all financial operations.
• Manage intra & internal sales including government sales.
• Authorization of all in-house AFM sales & credit customers.
• Daily invoice summary for credit invoices & sales return cases, monitor all outstanding debts & report.
• Support & guide matrix managers, sales team, and sales admin.
• Collect & verify all cash/credit card/cheque payments against invoices and post all collections in the system (SAP).
• Monitor petty cash float for ensuring adequate balance and reviewing pending reimbursements/claims for submission.
• Maintain and balance daily collection & petty cash fund twice daily.
• Monitor the insurance limits of cash/collection in vault, ensuring insurance coverage if the cash/collection in vault exceeds the limit.
• Ensure that collected revenue is deposited in SCDM on the same day.
• Daily collection reports should be uploaded in the shared drive provided by the FSSC/AFSS.
• All collection/PCF verification and handover are properly signed/ filed for future references.
• Monitor and communicate cheque clearance, bouncing cheques, and refund cheques.
• Ensure accurate data entry in SAP - billing cancellation & advance payments should be kept at a minimum level - cash invoices not yet collected report should always be cleared & monitored.
• Ensure sublet and bought-out charges are posted to job cards for charging the customer.
• Strict adherence to AFM company policy regarding customer refunds, maintain log for tracking purposes.
• Perform surprise cash count as per SOP.
• Finance-related processes are conducted in compliance with AFM policies & procedures (SOPs).
• Support in monitoring Opex & Capex.
• Monitor & maintain AFM administration document process is adhered to at all times.
• Monitor clearance of open POs follow up with COT & showroom admin team every month.
• Carry out ad hoc tasks/reports as required by the FBP/ FM / branch management.
• Review and ensure timely submission of second sets.
• Daily/weekly/monthly monitoring of branch AR report (all credit facilities provided) and follow-up with concerned channels to ensure timely collection of all outstanding/overdue invoices.
• Maintain a list of all credit facilities provided to branch credit customers including credit limit/credit period/main contact details/credit facility documents if possible.
• Reconcile credit customer accounts.

Required Skills to be Successful

• Invoicing & delivery management.
• Cash (revenue & petty cash fund) management.
• Financial reporting, cost & internal controls.
• Accounts receivables management (AR management).

About the Team

The role will be reporting to the Finance Business Partner (FBP).

What Equips You for the Role

• Minimum experience: 1-3 years of experience in the automotive industry or similar role.
• Communication skills: Excellent communication skills, both written and verbal.
• Bachelor's degree/university degree or equivalent experience.
• ACCA, CA Inter, or equivalent qualification.
• Analytical, advanced Excel, process-oriented, good communication and presentation skills, exposure to ERP.

About Al-Futtaim Automotive

A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with a 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 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.