Date: 20 Sep 2023
Location: Dubai, AE
Company: Al Futtaim Private Company LLC
Job Requisition ID: []
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 member of Automotive Divisional Controlling – to support the AM / FM on delivering
Support on Review of existing account policies and creation / drafting of new accounting policies.
Provide inputs on new / revision of existing Account Policies
Liaise, coordinate and support BU Finance in implementation of new accounting policy requirements
Provide Policy guidance to BU Team through Divisional Accounting Policy Committee and BU specific training / briefing sessions.
Regular Trial Balance review and Balance Sheet substantiation.
Robust, timely and accurate Financial Reporting
Support on the overall implementation and compliance of Internal Controls Framework
Assess risks, insurance requirements, engage with insurance partners for insurance coverage for the Division.
What you will do:
Financial Statements & Accounting / Reporting Standards / Group Policies:
Assists the Accounts Manager in review of the existing accounting policies and help in drafting / amending them and creating accounting policies for automotive specific areas.
Assisting with the implementation of new accounting policy requirements through producing detailed technical analysis in this area and contributing to Group discussions as subject matter expert.
Monthly Closing and GL Reviews:
To monitor closing of books on a monthly basis with other SSF teams and ensure recognition of robust financials within the group timelines.
Drive continuous improvement in monthly closing activities to ensure quality financials for business units.
Balance Sheet substantiation / Trial Balance Reviews:
Support Accounts Manager to carry out detailed review of key automotive accounts in Trial Balance and ensure substantiation of balances appearing against it.
Control framework and standards (substantiation)
Divisional Financial close (Attestation)
Entity performance Scorecards
Issue log / resolution plan & progress report
SSF KPI / SLA Governance
Master Data Liaison
Robust SSF towers processes:
Ensure robust SSF process tower processes through
Standardizing the accounting process,
Regular key account reconciliations,
Improved Fixed Asset management,
Improve month-end process & related reporting.
To coordinate external Audit of the automotive entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.
Coordinate with other teams in SSF and ensure that auditor’s requirements are being provided in a timely and accurate manner.
Finance Function / Overseas support:
Provide support for overseas entities by reviewing the current processes and sharing best practices and processes in improving the standards.
Required Skills to be successful:
Bachelor (Major in Accounting & finance) or CA,CPA,ACCA
(2) Years experience
Used MS Office tools, and ERP (SAP, Oracle etc.)
Basic knowledge of IFRS and accounting processes
About the Team:
In this role you will be working in a diverse and fast paced environment and reporting directly to the Sr. Finanical Controller
What equips you for the role:
Graduate in Commerce / equivalent qualification
At least 2 years relevant experience
Job-Specific Skills: Strong Analytical, process oriented, good communication and presentation skills, exposure to ERP. ( Preferably SAP)
Behavioural Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizen attitude, Self-motivated; and a strong team player.
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-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.