About the business:
Al-Futtaim is regarded as a pioneer in the Gulf region's Automotive industry and encompasses every aspect of the Automotive business; from passenger and commercial vehicles and construction equipment sales and service, to used car sales and rental and leasing.
A comprehensive network of showrooms and service centres covers the UAE and Gulf region providing customers with convenience, choice and the highest standards of after sales service. Al-Futtaim represents some of the world's most popular and desirable automotive brands including; Toyota, Lexus, Hino, Honda, Volvo, Chrysler, Jeep and Dodge.
Al Futtaim's Automotive Division have formed a new division under its umbrella, ALAC, this will incorporate the tyres and batteries division, workshop equipment division and body shop division. This new service division will be one of a kind in the UAE offering end to end solutions for commercial and retail customers alike.
About the job:
We are currently looking to recruit an experienced Financial Analyst to join ALAC team in Dubai. The incumbent will be responsible for providing analytical / commercial / Information support to ALAC Management team, to contribute to performance reviews / operational decision making and improvement plans in meeting the company profitability & financial objectives.
The key accountabilities of this role will include:
Financial Planning and Analysis
* Support and advise BUFM in Capex and Project evaluation and recommendation and prepare feasibility reports
* Supporting BUFM in the preparation of annual plans and periodical reviews and long-term 5 year plans.
* Preparing Divisional and Retail KPI and composites along with complete analysis of financial results versus budget/plans & variance analysis.
* Preparing monthly management reports and reports for management board
* Develop and maintain capital budget.
* Represent the company at meetings with financial partners, including financial institutions, auditors, public officials.
* Provide analytical support to BUFM in evaluating Divisional pricing strategies.
Financial Management
* Support review of procurement process / analysis and control
* Develop short-, medium-, and long-term financial plans and projections for overseas business
* Ensure that all policies and procedures are implemented and followed.
* Tight rein and follow-up on receivables.
* Ensure that appropriate financial regulations and controls are in place and in use at all times for all overseas business.
* Monitor closely and keep the management updated on regulations affecting the business in overseas ventures.
* Review and advise BUFM in Inventory and Order planning by analysing historical data and validating underlying assumptions.
* Co-ordinate and support Automotive Finance Shared Service (AFSS) team in GL review and accounting related issues
Budget Management/Analysis
* Monitors expenditures and income related to budgets to assure availability of funds.
* Propose and carry out any remedial action necessary to rectify abnormal variances on budget line items.
* Researches and analyzes discrepancies and processes appropriate correction transactions.
* Cost Optimisation - Maintain the expenses within budget/cut-off with strict monitoring.
Cash Management
* Updating regional head on the receivables and payables, ensure timely receipt of outstanding.
Other Financial tasks
* Ensuring the process on systematic billing and accounting is followed in all overseas locations.
* Advice and support BUFM / AFSS and business units in system and process development for new initiatives and existing process improvements
* Strict adherence of corporate policies which have financial impact (CAPEX, Travel, Loans & Advance etc.)
* Assist in successful audit of overseas entities.
Job Details
Date Posted:
2012-10-02
Job Location:
United Arab Emirates
Job Role:
Other
Company Industry:
Financial Services; Finance/Economics
Preferred Candidate
Career Level:
Management
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