Job Requisition ID : 32006
No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives.
Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get?
The chance to push the limits every single day.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees.
You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas.
Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
About the Position
We are looking to recruit a Branch Accounting Manager to join our Lexus team in Dubai. The role is accountable for supporting branches on all inquiries regarding daily operations, ensuring that branches are following company SOP, participating in SOP preparation whenever required & to enhance entire process, spot check for branches and to ensure proper compliance to company polices.
Your key responsibilities are as follows :
Preparation & Compiling of Division MIS Reports to HO / AFM Management monthly as per the Cut Off Dates (Monthly Division Dashboards, Monthly Trend P&L Report, Monthly Division MPC Dashboard, Monthly Expenses Trend Analysis Report, Monthly MFR, & other Reports,etc.
ensure 100% to be accurate and on time required by Financial Controller / Brand MD / AFM MGMT.
Initiate and Drive Cost Saving Initiatives (Opex. Management) - Support Brand MD in evaluating direct / indirect expenses and identifying actions required to pro-
actively right-size existing company cost structures against appropriate performance KPIs / Support key discussions with related stakeholders to successfully align on time and value of key measures and support tracking and relevant reporting on the same to ensure success.
Monitoring of Division Cost Accrual from open POs / Intercompany Expenses Allocation to minimize unrequired accruals & to ensure accurate records.
Monitoring of Division Fixed Assets Register (Capital Expenditure) & coordinating with Operations Team for CAPEX Budget utilized / committed & available budget for proper & accurate plan for whole Year CAPEX Budget utilization.
Monitoring posting reflected in Company P&L to ensure proper posting compare to budget / Forecast, ensure proper & accurate allocation of Direct Expenses, Indirect Expenses, Other Operating Income, & Finance Cost on monthly basis.
Participating in Budget / Forecast preparation process & supporting HR in BPC Budget / Forecast preparation process (Incentives & Other MPC Expenses) / Weekly Forecast Preparation / COPA upload process, to ensure that no overspend during the whole year cycle & to allocate among the division Cost Centers using the suitable measurements with consideration to any changes from previous years’ allocations.
Timely submission of AR Report to all branches & updating the Debtors Collection Remarks / Forecasts required by Financial Controller, AFSS, & AFM Management / Daily monitoring of Branches AR (all Credit Facilities provided) and follow-
up with BA / AA / AFSM to Ensure timely collection of all outstanding AR.
Monitoring & controlling WIP Report, to ensure timely closing for all pending jobs to recognize the revenue in Division P&L & to minimize any risk / Ensuing the proper posting for SMC Incentive Recovery on monthly basis allocated to all branches based on the No.
of SMC sold during the month / Monitoring Other Operating Income records to provide the detailed income for ALAC Profit Allocation, Scrap and Waste Oil sales, & Other Income if any.
Participating whenever required in preparation & review of Division related SOPs in coordination with AFM Compliance Department & Operations Team to ensure proper follow & compliance to Group Standards & to circulate the latest updated Division SOPs to all Finance Associates for guidance.
Ensuring Monthly Spot Check for all Finance Associates / Finance related activities to ensure following & complying to the group SOPs (Petty Cash Fund, Collection & Depositing, Filling, Advance Payments & WIP Jobs to be closed, and any other procedures need to be monitored closely to enhance the experience of team & minimize the risk related to these activities).
Participating & Purposing for Incentive Plan Revision for the entire Division to ensure that the policy applied is active, to enhance the Division KPIs Achievement, & to be a motivation tool to all associates eligible for Incentive that will drive the best performance for the entire Division.
Weekly Reconciliation for Upsells & Other Recovery Accounts (Diamond Brite / Tinting / Rustproofing / 1K Free Service) to ensure proper billing reflected correctly in these recovery accounts, for any discrepancy to follow up with Sales & Service Team to provide all supporting documents in order to send all supporting documents to AFSS for adjustment / reconciliation for all recovery accounts.
Monitoring & clearing wrong billing done during the month & other wrong billing showing in VFX3 Report & Z155 Report to ensure timely closing for all pending jobs to recognize the revenue in Division P&L, working closely with Operations Team to clear all cases related to entire division.
Coordinating for Monthly & Quarterly branch Performance Review with locations managers / BA / AA to ensure that branches are monitoring closely the sales & KPIs achievements, Opex & Capex spend, Other Income achieved, & Finance Cost allocated for future planning & decision making
People management with direct reports of 1 Branch Accountant and 7 Assistant Accountants
You will need to have a Degree qualification in Accounting or Professional Accounting certification is desirable with minimum 5 years of experience preferably in a FMCG, banking, retail or a financial institution sector having good knowledge on ERP accounting systems.
The ideal candidate will need to have front end Financial Control experience, general accounting knowledge, strong analytical skills, working knowledge in management accounting, process oriented, well organized and attention to details.
Having the ability to interact at all management levels and communicate both written and verbal is essential. Having strong computer skills;
familiarize with the SAP system, advanced MS-Excel knowledge and other MS Office applications. With the ability to work independently with minimal supervision.
You should have the ability to build and maintain friendly, warm relationships with customer.
We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
Before you click apply : Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-
crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities.
We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process.
We make every effort to review and respond to every application.