Al Futtaim Jobs - Finance Manager - R2R | Automotive Finance Shared Services | Al Futtaim | Dubai (Dubai, AE)

Job Requisition ID: 85987 

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.

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.

 

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

 

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

 

 

 

REF: AW

 

 

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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