UAE National Financial Analyst | Al Futtaim Automotive | Dubai
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 organisation 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.
- The Financial Analyst will be in the role of providing support to Senior Financial Controller. The Financial Analyst is expected to provide excellent support in terms of Monthly Review & MIS, Management Dashboard reporting, Budgeting and forecasting exercise, Divisional performance analysis, productivity analysis, Business Review Meeting presentations, and similar tasks.
- Performance discussions with operational partners and stakeholders to ensure delivery relative to financial targets, and process adherence.
- Ensure resolution of disputed balances through discussion and visit to customer sites.
- This role demands exposure to highly sensitive & confidential information of the organization and involvement with superior contacts requiring considerable use of discretion, tact, diplomacy, and judgment.
- Provide effective and timely Management Reports - financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations.
- Analyse performance of the brand against targets, present the analysis to the operational stakeholders with insightful recommendation to improve the business
- Be an integral part of all the operational stakeholders meeting including Dealer operation committee meetings, monthly closing meetings, management meeting etc
- Liaising with Customers as well as internal personnel including the sales team to resolve disputed balances
- Assist in financial planning and analysis support of strategic planning activities as necessary, Annual Budgets/ Forecasts & strategic plan/ Board updates/ presentations
- Enter the final set of data in the feasibility model and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the business, reflecting expenditure, place, marketability, recovery period and profitability enabling the management to assess the viability of the project.
- Developing the monthly regular & irregular financial reports, submit them to Al Futtaim HQ as well as posting actual, forecast & budget financial results into SAP system for financial consolidation of the group.
- Review Accounting transactions for data accuracy
- Ensure proper calculation and recording of Inventory/ Doubtful Debts Provision onmonthly basis in compliance with applicable financial policies and procedures.
- Responsible for monthly book closing activities for the assigned division
- Reconciling complex accounts that have been escalated from the AR team
- Divisional pricing strategies
- Lead by example – thrive to create an honest and open work environment where individuals collaborate /support each other as a team and are passionate to achieve a common business objective and deliver results.
- Additional to the above mentioned requirements an Employee will at times be expected to perform tasks and duties outside of his/her scope of work as necessitated by work demand.
- To work with the BUFM / Projects Manager to ensure best financial practices are followed and to deliver finance initiatives into the business.
- To assess financial risks and ensure the same is eliminated in the best possible way
- Prepare & develop meaningful management information, reports & analysis and keep BUFM and top management posted on important findings
- Assist the BUFM & Projects Manager on any special projects / expansion projects
- The job may require travel within UAE to meet customers and Internal team within the UAE, acting as a strong representative for the Finance team and AF business.
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Minimum Qualifications and Knowledge:
- Bachelor of Commerce or Diploma in Accounting Financial Management.
- Chartered Accountancy/ACCA/CIMA/MBA (Finance) is preferable.
- The position would best suit someone with 3-5 years previous experience in:
- The automotive sector
- Analysis and reporting of Financial management accounting
- Interaction with customers in business partner, in a sometimes-confrontational environment
Job-Specific Skills & Behavioural Competencies:
- Understanding of business processes and basic IT functions, management and accounting principles
- Computer literate - Proficiency with Microsoft Office and particularly with financial modelling in excel
- Analytical and numerical mindset
- Must have excellent communication and interpersonal skills
- Not afraid of confrontation. Must be self-possessed, confident
- Prepared to work extended business hours from time to time; e.g. customer interaction, budget setting
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