Accountant - Abu Dhabi, United Arab Emirates - Al-Futtaim

Al-Futtaim

Verified Company

Abu Dhabi, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

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 day

Overview of the role:

The position will be reporting to Finance Business Partner and responsible for all Branch Accounting and financial function of Toyota New Units Corporate Abu Dhabi.

What you will do:

a) Revenue collection and Fund Management

Ensure to record AR/DP Collections against SO or Invoices.
Daily collection reports should be uploaded in the shared drive provided by the AFSS
All collection / PCF verification and hand over are properly signed / filed for future references
Monitoring and communicate cheque clearance, bouncing cheques, and refund cheques
Ensure accurate data entry in SAP billing cancellation & advance payments should be kept at minimum level
Cash Invoices not yet collected report should be always cleared & monitored
Strict adherence of AFM company policy regarding customer refunds, maintain log for tracking purposes.

b) Business Processes & Controls

All business processes are conducted according to SOP and with correct levels of sign authority
Ensure payments / delivery to be done by/for the payer and if 3rd party, UT verified by the Branch Manager should be secured
Ensure that petty cash expenses are paid with appropriate approval as per DOA, liquidity of petty cash must be maintained for smooth branch operations
Maintain proper invoice filing with complete document set (SO, LPO etc.) for easy retrieval.

c) Invoicing & Delivery Management

Perform financial transactions and process invoices in a timely manner.
Ensure all relevant AFM document processes are strictly adhered as per SOP.
Ensure Revenue/Provision in place and Assignee clause is without error
Substantiates financial transactions by auditing documents.
Perform record keeping of all financial operations.
Manage Intra & Internal Sales including Government Sales.
Authorization of all in house AFM sales & credit customers.
Daily invoice summary for credit invoices & sales return cases, monitor all outstanding debts & report.
Support & Guiding of Matrix managers, Sales team and Sales Admin.

d) Financial Reporting, Cost & Internal Controls

Finance related processes are conducted in compliance with AFM policies & procedures (SOPs).
Supporting in monitoring OPEX & CAPEX.
Monitor & maintain AFM administration document process is adhered at all times.
Make sure that all upsells are recovered from customers. Check the sales order while invoicing. Review the file receiving from AFS and clear open items with in the month.
Monitor clearance of Open POs follow up with Central Operation & Admin Team every month
Assist business finance in preparing weekly forecast.
Continuously monitor branch P&L and liaise with concerned team for rectification if required. prepare monthly variance analysis after book close.
To carry out Ad Hoc tasks/reports as required by the FBP/ FM / Branch Management

e) Accounts Receivables Management (AR Management)

Reviewing and ensuring of timely submission of Second sets.
Daily / Weekly / Monthly monitoring of branch AR report (all credit facilities provided) and followup with concerned channels to ensure timely collection of all outstanding / overdue invoices
Maintain list for all credit facilities provided to branch credit customers including credit limit / credit period / main contact details / credit facility documents if possible
Reconcile credit customer accounts, provide balance confirmation report and SOA as and when required.

f) Bank Guarantee Management.

Review all Bank Guarantee requests received from business before submitting for higher approval.
Request treasury to issue new BGs upon management approval.
Keep a track record of all BGs issued to customer for timely cancellation.
Follow up with respective stake holders for collecting expired BGs for cancellation.
Provide timely update to treasury and management for the open BGs.

Required Skills to be successful:

Bachelor's degree in finance / accounting
Having experience in Finance/Accounts minimum 4 years.
Knowledge in Advanced Excel, Power Point, Outlook Etc.

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