Al-Futtaim Group

Accounts Manager - Payable | Al Futtaim Automotive | FAMCO

Jeddah, SA
Competitive salary + benefits
20 Jan 2023
16 Feb 2023
Approved employers
Approved employer
Contract type
Full time
Experience level

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 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:

Managing Vendors, related parties and intercompany invoices booking and payment processing.

What you will do:

1.   Review Booking of Invoices SAP system.

  • Receive invoices from Suppliers or other departments Check invoice details, VAT requirements and approvals to be shore that invoices matching with DOA and company policies.
  • Assign booking process to team members to book invoices on system.
  • Review booking entries on SAP System to make sure invoices recorded in correct GLs

2.   Review Payment to vendors Process.

  • Receiving Payment Request from vendor along with updates SOA.
  • Reconcile Vendor Account.
  • Get required approvals to process the payment.
  • Assign payment initiation and booking to team member.
  • Review payment GLs on system.
  • Forward Approvals with supporting documents to signatories.

3.   Review Employee Payments and advances.

  • Receiving and checking advance requisites from Employees.
  • Checking required approvals as per DOA
  • Assign payment to team member for booking and payment process
  • Review payment GLs on system.
  • Forward Approvals with supporting documents to signatories.

4.   Handling Related Parties Accounts

  • Checking and booking invoices
  • Reconcile and confirming related party balances on monthly basis.
  • Process payment against due invoices on monthly basis

5.   Managing of Petty cash claims for branches.

  • Review Petty cash invoices to make sure that invoices are matching with company policies and VAT requirements
  • Checking invoices to make sure that approvals is matching with DOA
  • Do a surprise cash count on branches frequently.

6. Reviewing Bank reconciliations by following team members to record unrecorded payments and receivables

7. Handling intercompany accounts

  • Checking and booking invoices
  • Reconcile intercompany accounts on monthly basis.
  • Process payment against due invoices on monthly basis

8. Perform month end closing activities.

  • Reconcile Employee Balances and follow them to clear advances before month closing.
  • Reconcile Suppliers advances and keep records for pending items with details.
  • Reconcile accruals.
  • Reconcile Related party Balances
  • Reconcile intercompany accounts
  • Clear unreconciled payments from bank reconciliation
  • Reconcile Interest, BOE provisions.

Required Skills to be successful:

  • Bachelor’s degree in accounting / Finance
  • Min. (6) years’ experience
  • Good skills in SAP
  • Good communication skills

About the Team:

You will be reporting to Head of Finance & Shared Services

What equips you for the role:

  • Qualifications and Knowledge: Bachlor Degree / Professional degree
  • Experience: 6 Years
  • Job-Specific Skills: SAP
  • Behavioural Competencies : Accuracy, speed, supportive

About Al-Futtaim Automotive

A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with 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 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.

For further information, and to apply, please visit our website via the “Apply” button below. 

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