Al-Futtaim Group

Branch Accountant | Al Futtaim Automotive | Lexus

Location
Ajman, AE
Salary
Competitive salary + benefits
Posted
19 Feb 2024
Closes
13 Mar 2024
Ref
159623
Approved employers
Approved employer
Contract type
Permanent
Hours
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:

The bulk of the work will be to provide Branch Accountant support to 3S Facility (showroom, service & spare parts) and reporting to Finance Business Partner (FBP) – Retail.

What you will do:

a)   Invoicing & Delivery Management

  • Perform financial transactions and process invoices in a timely manner.
  • Ensure all relevant AFM document processes are strictly adhered to ensure all bank payments are met
  • Ensure Revenue/Provision in place and Assignee clause is without error
  • Substantiates financial transactions by auditing documents.
  • Perform record keeping of all financial operations.
  • Manage Intra & Internal Sales including Government Sales.
  • Authorization of all in house AFM sales & credit customers.
  • Daily invoice summary for credit invoices & sales return cases, monitor all outstanding debts & report.
  • Support & Guiding of Matrix managers, Sales team and Sales Admin.

b)   Cash (Revenue & Petty Cash Fund) Management

  • Collect & Verify all cash/credit card/cheque payments against invoices and post all collections in the system (SAP)
  • Monitoring Petty clash float for ensuring adequate balance and reviewing pending reimbursements/claims for submission.
  • Maintain and balance daily collection & petty cash fund twice daily
  • Monitoring the insurance limits of cash/collection in vault, ensuring the insurance coverage from AOIC if the cash/collection in vault exceeds the limit
  • Ensure that collected revenue must be deposited in SCDM on same day
  • Daily collection reports should be uploaded in the shared drive provided by the FSSC/AFSS
  • All collection / PCF verification and handover are properly signed/filed for future references
  • Monitoring and communicate cheque clearance, bouncing cheques, and refund cheques
  • Ensure accurate data entry in SAP - billing cancellation & advance payments should be kept at minimum level - Cash Invoices not yet collected report should be always cleared & monitored
  • Ensure sublet and bought-out charges are posted to Job cards for charging the customer
  • Strict adherence of AFM company policy regarding customer refunds, maintain log for tracking purposes.
  • Perform Surprise Cash Count as per SOP.

c)   Financial Reporting, Cost & Internal Controls

  • Finance-related processes are conducted in compliance with AFM policies & procedures (SOPs).
  • Supporting in monitoring Opex & Capex.
  • Monitor & maintain AFM administration document process is adhered at all times.
  • Monitor clearance of Open POs and follow up with COT & Showroom Admin Team every month
  • To carry out Ad Hoc tasks/reports as required by the FBP/ FM / Branch Management

d)  Accounts Receivables Management (AR Management)

  • Reviewing and ensuring of timely submission of Second sets.
  • Daily / Weekly / Monthly monitoring of branch AR report (all credit facilities provided) and follow-up with concerned channels to ensure timely collection of all outstanding/overdue invoices
  • Maintain list for all credit facilities provided to branch credit customers including credit limit/credit period / main contact details/credit facility documents if possible
  • Reconcile credit customer accounts

Required Skills to be successful:

  • Education: Bachelor’s degree in accountancy or Finance.
  • Experience: Minimum of 3 years experience in a similar role.
  • Communication skills: Excellent communication skills, both written and verbal.

About the Team:

You will be reporting to the Finance Business Partner

What equips you for the role:

Bachelor’s degree in accounting/finance.

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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