Finance Manager - R2R - Automotive Finance Shared Services - Al Futtaim - Dubai

Finance Manager - R2R - Automotive Finance Shared Services - Al Futtaim - Dubai
Al Futtaim Private Company LLC, United Arab Emirates

Experience
2 Years
Salary
0 - 0 USD
Job Type
Job Shift
Job Category
Traveling
No
Career Level
Telecommute
No
Qualification
As Described in Job Ad
Total Vacancies
1 Job
Posted on
Apr 1, 2021
Last Date
May 1, 2021
Location(s)

Job Description

FINANCE MANAGER-R2R

Job Purpose:

As a member of Al Futtaim Shared Service (AFSS) R2R team: Support the management on:

Review / revision of existing account policies and creation / drafting of new accounting policies.

Finance Transformation - Streamlining the associate activities into R2R & Controlling categories

Creating a robust Financial controlling framework

Creating an Effective / efficient R2R framework covering Close, Certify & Compliance activities

Ensure financial records are correct and support external audit.

Regular Trial Balance review and Balance Sheet substantiation.

Robust, timely and accurate Financial planning and Reviews

Provide Commercial and analytical support

Job Context:

The job holder constantly interacts with Business Finance and GMs and Auto finance leadership. The position also interface with other AFSS functions in ensuring quality monthly financials. The jobholder understands the front-end process and interface with financial and information databases to ensure accuracy.

Key Responsibilities:

Financial Statements & Accounting / Reporting Standards / Group Accounting Policies

Coordinate with Group Finance for Preparation of Financial Statements at Legal Entity level.

Assists the Finance Manager in review of the existing accounting policies and help in drafting / amending them and creating accounting policies for automotive specific areas.

Assisting with the implementation of new accounting policy requirements through producing detailed technical analysis and contributing to Group discussions as subject matter expert.

Prepare and present accounting training sessions to the Finance & Operations teams where applicable on IAS, Accounting Policies and IFRS.

Finance Transformation / Overseas support:

Review and Segregate the activities performed by associates into R2R, Controlling & FP&A.

Provide support for overseas entities by reviewing the current processes and sharing best practices and processes in improving the standards.

Monthly Closing and GL Reviews

To lead closing of books on a monthly basis with other AFSS teams and ensure recognition of robust financials within the group timelines.

Drive continuous improvement in monthly closing activities to ensure quality financials for business units.

Balance Sheet substantiation / Trial Balance Reviews

Carry out detailed review of key automotive accounts in Trial Balance and ensure substantiation of balances appearing against it.

Robust Record to Report process

Ensure robust R2R process through

Standardizing the accounting process,

Regular key account reconciliations,

Improved Fixed Asset management,

Improve month-end process & related reporting.

Five Year Plan / Budget / Quarterly Reviews

Facilitate automotive business management and Business finance teams on preparation of Five year plans/ Annual Budget/ Quarterly reviews on Balance sheet for business units.

Ensure adherence to group reporting timelines and BPC up-dation to facilitate timely and quality reviews.

External Audit

To coordinate external Audit of the automotive entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.

Coordinate with other teams in AFSS and ensure that auditor’s requirements are being provided in a timely and accurate manner.

Job Specification

Minimum Qualifications and Knowledge: Chartered Accountant (or similar qualification)

Minimum Experience: 4/5 years’ experience in Automotive dealership or retail environment

REF: AW


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Job Rewards and Benefits

Al Futtaim Private Company LLC

Consumer Goods - Dubai, United Arab Emirates
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