Al-Futtaim Group

Financial Analyst - Aftersales Pricing & Cost Controls - ALAC | Al Futtaim Automotive | Aftersales

Competitive salary + benefits
17 May 2023
16 Jun 2023
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

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:

Prepare financial feasibility analysis for operating company performance and business cases, with regard to specified key performance indicators, including Monthly Review & MIS, Management Dashboard reporting, Budgeting and forecasting exercise, Divisional performance analysis, productivity analysis, Business Review Meeting presentations and working capital financials. Support business requirements, as needed, in the areas of pricing and cost controls.

What you will do:

Preparing Financial Feasibility analysis

Develop extensive feasibility models and prepare financial feasibility analysis in such a way as to present an accurate, complete, clear picture of the operational business or business case, reflecting expenditure, place, marketability, recovery period and profitability for review and decision by senior management.

  • Analyze performance of all After Sales brands against targets, present the analysis to the operational stakeholders with insightful recommendation to improve the business
  • Develop & maintain monthly KPIs by location and support in driving profit maximization
  • Provide effective and timely Management Reports - financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations.
  • Be an integral part of all the operational stakeholders meeting including Aftersales service operation committee meetings, monthly closing meetings, management meeting etc
  • 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 Group 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 on monthly 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
  • Liaising with Customers as well as internal personnel including the sales 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.
  • 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.

Management Information Systems

  • Develop suitable business MIS to encapsulate all the key performance indicators: financial, commercial & operational
  • Provide effective and timely Management Reports - financial and operational reports and dashboards to Business operations that enable Automotive companies to manage their operations, including analysis of key financials, balance sheet and working capital.

Collecting and Analyzing the Data

  • Collect data from both internal and external resources on various types of costs. Income and expense projection and variance analysis
  • To deliver robust P&L and B/S reporting and analysis; and timely insight into operational performance. To provide timely advice on variances, trends and corrective action to be taken.

Key area support

  • Support senior management in aspects of pricing, cost controls, finance, treasury and tax, as required.

Required Skills to be Successful:

  • Extensive Financial analyst experience
  • Automotive background/experience
  • Commercial experience
  • Can manage independently

About the Team:

The role will report to BUFM – Body & Paint, Accessories & PDI and you will be working in a very busy and fast pace environment.

What equips you for the role:

  • Post graduate degree in Finance with extensive knowledge of Financial Management, Information Systems, Financial Analysis, Treasury and Tax gained through work experience with organizations of repute.
  • ACA Chartered Accountant or equivalent
  • Excellent numeracy skills, Analytical skills, Positive leadership, Team-builder, Commercial awareness
  • Well-developed oral and written communication skills are a must. Ideal candidate must be self directed. Strong interpersonal and team building skills.
  • Previous experience in a similar position in a world class organization will be advantageous.

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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