Finance Manager

1 week ago

UAE, 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**:
Support Financial Controlling function of Financial Services, Rental & Leasing entities.

**What you will do**:
Financial Accounting
- Manage financial and management accounting for F&I, Lending and Leasing business as per IAS, IFRS and as per AF Group defined guidelines
- GL, Profit Center and Cost Center Management - maintenance of effective & defined GL, PC & CC in SAP
- Reconciliation of Vendors, Accruals, Banks, KSA: Traffic Fines, Fixed Assets, etc. on timely basis
- Payroll accounting including staff EOSB settlements
- Leasing & Lending system - to understand full end to end system and process,
- Regular monitor of KSA front end system transactions and postings Monitor KSA front end system and SAP reconciliations

Reporting & Audit
- Preparation of Monthly Financials pack for all entities
- Preparation of mid-month forecasts during the month as required
- Submission of BI/BPC/Forecast/Flash/ Actuals in Auto IFRP systems
- Monthly, Quarterly, and Ad-hoc reporting related to KSA Support the internal, external and regulatory audit and Ensure timely preparation of audit data as per requirement and all feedbacks are implemented after

VAT Compliance
- Ensure efficient documentation management of VAT documents are in place.
- Ensure VAT reconciliation and documentation of tax register is done on quarterly basis in line with VAT return period by 10th of the following month in which VAT return filing with FTA is due.
- Ensure VAT return is prepared as per VAT laws & as per group tax guidance.
- Strong Governance and control around VAT return filing and payment
- Maintenance of VAT Return file as per group mandate
- Realtime maintenance of VAT audit checklist
- Initiate VAT return filing & due payments.
- Ensure FTA query related to VAT refund is timely responded with all relevant details
- Ensure VAT refund is received from FTA and accounted for in books. Preparation and maintenance of VAT audit pack as per group mandate

Policies, Processes & Documentation
- Ensure accounting records are updated as per defined accounting policies for different functions and sub-function
- Annual review of accounting policies, i.e. FA/GL/AR/AP/VAT
- Recommend promptly updating of policies as per changes in business or as per requirement.
- Development and customization of desired reports in SAP based on business requirement.
- Explore & implement automation of various reports from IFRP system.

ICM & Vendor Management
- Ensure ICM mechanism is in place for automotive brands dealer incentives and ICM auto acceptance postings and carry out reconciliation, if required.
- ICM transactions are reviewed every month, initiate closure of old pending transactions issues, escalate open ICM transactions for its timely closure.
- Ensure vendor invoices are properly approved, booked before initiating payment on respective due date.
- Ensure efficient documentation system is maintained.
- Ensure that PO related and Non-PO related vendor invoices are booked within 2 working days of receipt of invoices with relevant Tax code and GL assigned. Reconcile GR/IR GL on monthly basis To ensure online payment system is secured without manual intervention OR to explore alternate payment option in Mashreq Matrix.

**Required Skills to be successful**:

- Minimum 7 years’ experience as financial controller
- Preferred Automotive background
- Excellent communication skills
- Certified accountant (CA, CMA, ACCA)

**About the Team**

This role will be reporting to Sr. Financial Controller.

**What equips you for the role**:

- Education: CA, MBA Finance
- Minimum Experience and Knowledge: Automotive, financial services, rental and leasing industry Job-Specific/Technical Skills required to complete the tasks: Advanced Excel & SAP

**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 a

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