Al-Futtaim Group

Branch Accountant | Al Futtaim Automotive | Electric Mobility | Jeddah

Jeddah, SA
Competitive salary + benefits
13 May 2024
03 Jun 2024
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:

Branch Accountant will provide controlling support and supervise the branch cash operations to the business and reporting to Finance Business Partner (FBP).

What you will do:

  • Perform financial transactions and process invoices in a timely manner.
  • Ensure all relevant 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 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.
  • Collect & Verify all cash / credit card / cheque payment against invoices and post all collections in system (SAP)
  • Monitoring Petty clash float for ensuring adequate balance and reviewing pending re-imbursements/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 bank /SCDM on same day
  • Daily collection reports should be uploaded in the shared drive provided by the FSSC/AFSS
  • All collection / PCF verification and hand over 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 company policy regarding customer refunds, maintain log for tracking purposes.
  • Perform Surprise Cash Count as per SOP.
  • 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
  • Finance related processes are conducted in compliance with AFM policies & procedures (SOPs).
  • Supporting in monitoring Opex & Capex.
  • Monitor & maintain administration document process is adhered at all times.
  • Monitor clearance of Open POs follow up with central team & Showroom Admin Team every month
  • To carry out Ad Hoc tasks/reports as required by the FBP/ FM / Branch Management

Required skills to be successful:

  • Minimum Qualifications and Knowledge: Bachelor's degree in accounting
  • Minimum Experience: 3 years in same role

About the Team:

This role will be reporting to the Finance Business Parter and you will manage a high growth mindset team.

What equips you for the role:

Job-Specific Skills: ERP system (SAP preferred), use of Microsoft office specially Excel , Good communication skills.

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 as well as EV brands such as Polestar and BYD.

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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