Al Futtaim Jobs - Finance Business Analyst (AF Technologies, DU, AE)

Job Requisition ID: 40027 

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

 

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

 

Come join us to live well, work better, and be the best.

Under general guidance the Regional Financial Controllers and Head of Operations, this function is responsible for analyzing project profitability and project cash flows on a monthly basis.

This function will support in establishing budget, budget controls and analysis as well as supporting the project costing function throughout the entire project life.

 

JOB RESPONSIBILITIES:

 

 

• In close cooperation with Project Manager and Operations Head this function will establish Project budgeting and analyze monthly project profitability and cash flow  
• Support Business decision process by providing sound Business Case Analysis and prepare analytical reports in support of Projects Performance Management
• Responsible for validating POC of projects and validating CTC (Cost –to-complete) analysis in coordination with Project Team
• Monthly project reviews addressing projects profitability and cash flow compared to Budget as well as any deviation that might impact project profitability and viability. This includes among others, productivity analysis, regular review of WIP,  tracking Bank Guarantees / LCs in coordination with the Treasury Team
• Provide guidance to improve project’s cash flow focusing on activities impacting Working Capital Management and WIP accounts in view of improving Free Cash Flow (FCF)
• Liaison with the external auditors and internal audit teams in implementing audit Recommendations.
• Provide support for preparing  Business Plan & Variance Analysis and Risk and Opportunities
• Monitor Billing cycle to reduce WIP
• Maintain historical  cost trend for estimations and tenders 
• Review of detailed Project Costs, revision of estimates, propose changes and improvement
• Assist in Monthly revenue recognition and ensure all revenue controls in place to avoid any revenue leakage –workings on IFRS/loss making contracts etc
• Project Cash Flow forecasts an actuals

 

OPERATIONAL ENVIRONMENT:

 

• This function is directly linked to the project profitability of AFE&T.
• AFE&T’s activity spans over UAE, Qatar and KSA with expansion plans over most of the GCC Region. 
• The budgeted Sales Revenue for 2018 amounts to AED 1.5 billion.
• This function is exposed to highly sensitive and confidential information

 

KEY ACCOUNTABILITIES:

 

Support & Assist Finance Management in

• • Budgeting Exercise
  • Forecasting/Strategic Planning
  • Project Accounting, Monthly Book Closure
  • Other Business presentations to management etc.
  • Intercompany dealing of Accounts receivable & Accounts payable
  • Track on Accounts Receivable
  • Budgetary control – PS Module
  • Manpower Productivity/Tracking etc.
  • SOP-Cost to Complete (CTC) /Man hours / Revenue control process etc.

Support & Assist Operations Heads and Project Managers

• • Project costing
  • Project profitability and performance measures
  • Support in identifying productivity improvement opportunities
  • Timely reviewing variances and Project P&L implications
  • Support in Claim Management 

 

QUALIFICATIONS, EXPERIENCE, & SKILLS::

 

Minimum Qualifications and Knowledge:  

University Degree with major in Finance / Accounting or Equivalent over 5 years of experience in an international environment and with knowledge of International Accounting Standards (IFRS), law and Tax         

 

• Intermediate degree in CA/ICWA/CMA Or
• M.com/MBA & B.com
• Working knowledge is SAP Financial module
• Expert in MS Excel

 

 

• Job-Specific Technical Skills:

• Position requires strong communication skills, analytical abilities, detailed approach, hands on experience in Microsoft advance excel & reporting
• Hands on experience on SAP
• Knowledge of International Accounting Standards & IFRS
• Good Command of English, Arabic language is an asset.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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