Home UAE Dubai Financial Analyst | Al- Futtaim Finance | Dubai

Financial Analyst | Al- Futtaim Finance | Dubai
Full time at Al Futtaim Group in Dubai, UAE

Financial Analyst | Al- Futtaim Finance | Dubai Full time at Al Futtaim Group in Dubai, UAE

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Job highlights

Posted on October 15, 2020

Job details

Job Purpose:


  • The role is at middle and lower level of the organization and report to the FC of the company
  • Support in delivering robust, timely and accurate financial accounting, management accounts, management reports and reviews
  • Supervise and monitor various reconciliations and ensure correct recording of transactions in lease / rental management system and SAP
  • Ensure governance around GLs, PC & CC, relevant mapping tables
  • Inventory, fixed asset physical count and management
  • Review of various finance related processes and advise for improvements
  • Coordinate internal audit function and timely resolution of open recommendations
  • Support finance team in various forecasts and month end and year end closing
  • Preparation of finance reporting pack for internal and external reporting
  • Coordinate with internal and external stakeholders for effective collaboration
  • Initial review of VAT on various business transactions
  • Manage centralised long-term contracts repository and related BG, performance bonds
  • Control over timely settlement of intercompany transactions
  • Review and suggest cost savings measures
  • Support on other ad-hoc requirements and functions



Key Responsibilities:


Financial Management and Governance

  • Review various accounting & finance policies, processes for alignment to continuous change in business practices
  • Review core financial data on regular basis and ensure -
  • No revenue leakage for all verticals
  • Timely recording and charging to customers
  • Verification of expense recording incurred via petty cash, by PRO or via PO.
  • GLs, PC & CC mapping between CARPRO and SAP is monitored on regular basis
  • Coordinating IT system developments to keep pace with the changing operating and regulatory environment
  • Review and control over various insurance policies of the company 
  • Support in managing DOA and amendment thereof
  • Own internal audit function and timely closure of open audit recommendations
  • Verification of sales incentives by ensuring incentive earnings remain compliant with incentive scheme and policy
  • Contribute to the development of business management relationships through monthly reviews and recommendation of improvement initiatives



Financial Accounting and Reporting

  • Monitoring posting of expenses and ensuring all the cost allocations and standard accruals
  • Implement correct measures for revenue and expense forecast i.e. mid-month, adhoc and submission to Auto and group finance.
  • Support in month end and year end accounting
  • Variance analyse with Budget and/or Forecasts
  • Monitoring CAPEX to remains in line with Budgeted commitments
  • Analyse and perform scrutiny of postings to all GLS on regular basis
  • Action plan on key observations and recommendations out of monthly financial results (B/S, P&L and cash flow) review



Reconciliations

  • Perform monthly reconciliations between SAP, CARPRO to ensure all unreconciled transactions are address on timely basis i.e. Traffic Fine, Prepaid Salik, Fixed Asset, VAT etc.
  • Review customer reconciliations in coordination with collection and operation team
  • Review and reconciliation of all accrual files including open POs
  • Control overactive BGs, performance bonds in alignment with contractual obligations.



Fixed Asset Management

  • Regular fleet reconciliation between Carpro and SAP
  • Management of company fixed assets register i.e. rental and lease vehicles, other assets
  • Conduct and supervise annual physical count of fleet vehicles


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