Job Requisition ID: 146685
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
• 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, SALIK, 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 Accipiens transactions and postings
• Monitor Accipiens and SAP reconciliations
• 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 Central Bank of UAE
• Support the internal, external and regulatory audit and Ensure timely preparation of audit data as per requirement and all feedbacks are implemented after
• 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.
• 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
• Annual review of accounting policies, i.e. FA/GL/AR/AP/VAT
• ICM transactions are reviewed every month, initiate closure of old pending transactions issues, escalate open ICM transactions for its timely closure.
About The Team
As a Finance Manager you will be reporting to Senior Financial Controller and handle a team of 2.
Required Skills To Be Successful
Analytical, Process oriented, good communication skills, exposure to SAP ERP. The job holder should have strong documentation ability.
What Equips You For The Role
5+ years’ experience in Finance role
CA or CPA or equivalent
Automotive knowledge, financial services, rental and leasing industry
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.
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