Finance Business Partner-Retail Finance | Honda | Trading Enterprises | Dubai

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.

Finance Business Partner- Retail Finance

About The Role

As a member of Branch team – to support the dealership operation (Sales and After sales) – on (a) decision support for budgeting / forecasting/ MIS and KPI achievement (b) ensure compliance with company policies and procedures with major emphasis on - cash control, sales accounting and approvals credit controls & approvals, stock controls, audit report follow-up and (c) day to day internal controls review and improvement.

KEY ACCOUNTABILITIES

Budget / MIS and KPI monitoring

• Support branch management on preparation of Budget/ Forecast, Performance summary and review of variance analysis.
• Support GM - Retail in review of on Retail KPI trends and improvement plans with Branch Management.

Cash Controls

• Review of daily collection and deposit of cash and cheques by branches and scrutinise GL control accounts for exceptions and petty cash management and co-ordinate with AFSS.

Sales Accounting and control

• Ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals.
• Authorise release of VCC and Sales letter as per company procedure.
• Validation of Sales document pack /LPO and credit approval or clear funds/ registration copy and authorise final release of the vehicle for customer delivery.
• Process refunds within the sub-delegated authority /documentation and facilitate refund process with AFSS for beyond authority levels.
• Check and validate all agreed check list before confirming passport release of branch staff.
• Process refunds within the sub-delegated authority /documentation and facilitate refund process with AFSS for beyond authority levels.
• Check and validate all agreed check list before confirming passport release of branch staff.

Stock controls

• Ensure Stock controllers adhere to standard documentation and procedures with regard to stock movements and best practices followed on stock management of on-site stocks including Demo/display/Damaged stock.
• Ensure adequate insurance coverage for dealership assets at all times.
• Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.

Credit Control

• Process credit application request for AFSS approval and maintain relevant documentation as per approved credit deals
• Authorise credit requirements within the framework of sub-delegated credit release authority from AFSS.
• Facilitate submission of Finance deal packs and provide support and follow up with AFGE for early collection of bank debts.
• Review with the Retail / Fleet team on overdue and collection on periodical basis and provide status report to BM and GM Retail and Fleet.

Internal Audit review and recommendations

• Facilitate Group internal audit review of branch operations and ensure implement ion of audit recommendations.

Policy and Procedures and System support

• Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
• Ongoing Review of system process and ensure its applicability to business requirements in co-ordination with AFSS.

About You

QUALIFICATIONS, EXPERIENCE, & SKILLS:

• Minimum Qualifications and Knowledge:
• Bachelor degree/Chartered Accountant (or similar qualification)
• Minimum Experience:
• 4/5 years’ experience in automotive dealership or retail environment

Job-Specific Skills:

Analytical, process oriented, good communication skills, exposure to ERP

Behavioural Competencies:

• Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, Self-starter; and a strong team player.

REF-SS

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Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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