Finance Manager

1 week ago


Dubai, Dubai, United Arab Emirates Al-Futtaim Full time

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

As a Finance Manager for Al Futtaim Automotive, you will be responsible for providing financial modelling, working capital management, capital structure, financial analytics, commercial reviews, Information support to the Non-Passenger Car brands finance teams.

You will contribute to performance reviews, cashflows management, operational decision making, and improvement plans in meeting the company profitability & financial objectives.


What you will do

  • Developing financial models for the accurate business and financial planning and forecasts for existing nonPassenger car brands and any new operations
  • Support to Business Unit (BUs) for developing the financial and business plans and strategies
  • Support in the preparation of annual plans and periodical reviews
  • Support in ensuring the right capital structure for all the nonpassenger car brands
  • Balance sheet debt: equity structure streamlining across all the nonpassenger car brands
  • Ensuring all BUs cashflows are in line with underlying business plans and reflect correct commercial assumptions
  • Support BU teams to develop the approval notes and working papers in line with stakeholders' expectations
  • Close alignment with Group Treasury and Group Finance to implement the best COE practices and policies across all the brands
  • Review and advise the management in all aspects of working capital planning by analysing historical data and validating underlying assumptions.
  • Ensure all the stock ordering DOAs and processes are in place and working in right balance
  • Review and Monitor BU level overdue and followup with the Credit COE team for corrective actions.
  • Provide analytical support in evaluating BUs pricing strategies, specific focus on FX risk.
  • Support review of procurement process / analysis and control.
  • To support and advise in capex and project evaluation and prepare feasibility reports.
  • Assist rents and leasing division directly with all aspects of accounting / financial analysis and policy development
  • Preparation of monthly management reports and presentation for management board.
  • Reporting and analysis for brand including a strong KPI focus.
  • Support BUFMs/Financial Controllers in divisional performance reviews and variance analysis.
  • Coordinate and support Central Share Services and COEs teams in GL review and accounting related issues
  • Design and present the finance operational & structural transformation/Integration initiatives for all overseas & nonpassenger cars entities.
  • Deliver through overseas finance teams and help them implement the divisional finance transformation initiatives.
  • Advice and support Shared Services team and business units in system and process development for new initiatives and existing process improvements. Become a SAP super user and a key project member in the proposed implementation of SAP BW.

Required skills to be successful

  • 5 7 years' experience as Finance Manager
  • Strong financial modelling and treasury/cashflows knowledge
  • Ability to manage and understand a large, complex and multi branded business
  • Advanced systems skills in particular MS Excel and preferably in SAP

About the team
The role will report to the General Manager Finance - Automotive. This position interfaces with various stakeholders in the organization.

What equips you for the role

  • Degree in Finance / CFA / Qualified Chartered Accountant
  • Good communication skills
  • Ability to handle multiple assignments
  • Strong interpersonal and team building 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.

We are driven by a customer-cent

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