Financial Analyst | Al- Futtaim Finance | Dubai
- Recruiter
- Al Futtaim Group
- Location
- Dubai, United Arab Emirates
- Salary
- Competitive salary
- Posted
- 15 Oct 2020
- Closes
- 13 Nov 2020
- Ref
- 4246682
- Job role
- Financial analyst
- Sector
- Accounting - Public practice
Job Purpose:
Key Responsibilities:
Financial Management and Governance
Financial Accounting and Reporting
Reconciliations
Fixed Asset Management
- The role is at middle and lower level of the organization and report to the FC of the company
- Support in delivering robust, timely and accurate financial accounting, management accounts, management reports and reviews
- Supervise and monitor various reconciliations and ensure correct recording of transactions in lease / rental management system and SAP
- Ensure governance around GLs, PC & CC, relevant mapping tables
- Inventory, fixed asset physical count and management
- Review of various finance related processes and advise for improvements
- Coordinate internal audit function and timely resolution of open recommendations
- Support finance team in various forecasts and month end and year end closing
- Preparation of finance reporting pack for internal and external reporting
- Coordinate with internal and external stakeholders for effective collaboration
- Initial review of VAT on various business transactions
- Manage centralised long-term contracts repository and related BG, performance bonds
- Control over timely settlement of intercompany transactions
- Review and suggest cost savings measures
- Support on other ad-hoc requirements and functions
Key Responsibilities:
Financial Management and Governance
- Review various accounting & finance policies, processes for alignment to continuous change in business practices
- Review core financial data on regular basis and ensure -
- No revenue leakage for all verticals
- Timely recording and charging to customers
- Verification of expense recording incurred via petty cash, by PRO or via PO.
- GLs, PC & CC mapping between CARPRO and SAP is monitored on regular basis
- Coordinating IT system developments to keep pace with the changing operating and regulatory environment
- Review and control over various insurance policies of the company
- Support in managing DOA and amendment thereof
- Own internal audit function and timely closure of open audit recommendations
- Verification of sales incentives by ensuring incentive earnings remain compliant with incentive scheme and policy
- Contribute to the development of business management relationships through monthly reviews and recommendation of improvement initiatives
Financial Accounting and Reporting
- Monitoring posting of expenses and ensuring all the cost allocations and standard accruals
- Implement correct measures for revenue and expense forecast i.e. mid-month, adhoc and submission to Auto and group finance.
- Support in month end and year end accounting
- Variance analyse with Budget and/or Forecasts
- Monitoring CAPEX to remains in line with Budgeted commitments
- Analyse and perform scrutiny of postings to all GLS on regular basis
- Action plan on key observations and recommendations out of monthly financial results (B/S, P&L and cash flow) review
Reconciliations
- Perform monthly reconciliations between SAP, CARPRO to ensure all unreconciled transactions are address on timely basis i.e. Traffic Fine, Prepaid Salik, Fixed Asset, VAT etc.
- Review customer reconciliations in coordination with collection and operation team
- Review and reconciliation of all accrual files including open POs
- Control overactive BGs, performance bonds in alignment with contractual obligations.
Fixed Asset Management
- Regular fleet reconciliation between Carpro and SAP
- Management of company fixed assets register i.e. rental and lease vehicles, other assets
- Conduct and supervise annual physical count of fleet vehicles
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