Uae National branch Accounting Manager - UAE, United Arab Emirates - Al-Futtaim
Description
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 dayOverview of the role:
As a member of Branch team - to support the dealership operation (Sales and After sales) - on (a) decision support for budgeting / forecasting/ MIS and KPI achievement (b) ensure compliance with company policies and procedures with major emphasis on - cash control, sales accounting and approvals credit controls & approvals, stock controls, audit report follow-up and (c) day to day internal controls review and improvement.
What you will do:
Budget / MIS and KPI monitoring:
- Support branch management on preparation of Budget/ Forecast, Performance summary and review of variance analysis.
- Support GM
- Retail in review of on Retail KPI trends and improvement plans with Branch Management.
- Prepare reports and analysis for monthly Branch reviews to be held with GM Retail & BUFM
Cash Controls:
Review of daily collection and deposit of cash and cheques by branches and scrutinise GL control accounts for exceptions and petty cash management and co-ordinate with AFSS.
Sales Accounting and control:
- Oversee via the Branch Accountant to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals.
- Authorise release of VCC and Sales letter as per company procedure.
- Validation of Sales document pack /LPO and credit approval or clear funds/ registration copy and authorise final release of the vehicle for customer delivery.
- Process refunds within the subdelegated authority /documentation and facilitate refund process with AFSS for beyond authority levels.
- Check and validate all agreed check list before confirming passport release of branch staff.
Stock controls:
- Ensure Stock controllers adhere to standard documentation and procedures with regard to stock movements and best practices followed on stock management of onsite stocks including Demo/display/Damaged stock.
- Ensure adequate insurance coverage for dealership assets at all times.
- Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.
Credit Control:
- Authorise credit requirements within the framework of subdelegated credit release authority from AFSS.
- Facilitate submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
- Review with the Retail / SME team on overdue and collection on periodical basis and provide status report to BSM and BUFM
Internal Audit review and recommendations:
Facilitate Group internal audit review of branch operations and ensure implementation of audit recommendations.
Policy and Procedures and System support:
- Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
- Ongoing Review of system process and ensure its applicability to business requirements in coordination with AFSS.
Payroll:
Calculation of monthly incentives for relevant Branch associates for submission to payroll
Leadership:
To lead the finance and administration teams that fall under the responsibility if the BAM
In addition to the above, carry out Ad Hoc tasks as defined by the BUFM / Branch Manager / GM Retail or any other member of Senior Management
Required Skills to be successful:
- Bachelor's degree in finance
- Minimum (4 to 5) years' experience as Accounting Manager
- Good communication skills
- Ability to use SAP
About the Team:
You will be reporting to the Finance Manager and you will manage a team of Cashiers / Accountants / Accounts Assistants
What equips you for the role:
Minimum Qualifications and Knowledge:
Chartered Accountant (or similar qualification)
Minimum Experience: 4/5 years experience in Automotive dealership or retail environment
Job-Specific Skills:
Analytical, process oriented, good communication skills, exposure to ERP
Behavioural Competencies:
Should be able to plan and prioritize tasks, persuasive skills, Kaizan attitude, Self starter; and a strong team player.
About Al-Futtaim Automotive
A major division of the UAE-based Al-Futtaim Group of
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