Finance Manager | Al-Futtaim Automotive | Hertz

Al-Futtaim; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a skilled professional to support their Asset and Liability Management function. This role involves optimizing returns, managing risks, and ensuring compliance with financial policies. The ideal candidate will have extensive experience in the automotive sector, strong analytical skills, and a finance qualification. Join a dynamic team where your contributions will enhance financial strategies and drive business success. If you are passionate about financial management and thrive in a fast-paced environment, this opportunity is perfect for you.

Qualifications

• 6+ years of experience in automotive, leasing, or rental sectors.
• Certified accountant with strong cash flow management skills.

Responsibilities

• Support ALM function and manage relationships with FP&A and Group Treasury.
• Prepare cash flow reports and manage liquidity for financial services.

Skills

Automotive experience

Communication skills

Analytical skills

Interpersonal skills

Education

Finance or Accounting qualification (CA, CPA, CFA)

Tools

Anaplan

Excel

Job 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:

This role will support the ALM manager of Al Futtaim Financial Services and be supporting the ALM function of the business, managing the relationship with Automotive Divisional FP&A and Group Treasury.

What you will do:

Asset and liability Management

• Assisting with assets and liabilities strategy (gapping) that optimizes the company’s return, in accordance with the ALM Committee guidelines / recommendations.
• Preparing ongoing assessment of asset & liability mismatches and managing the implementation of required short- and medium-term financing structures.
• Develop risk measures, scenario analysis and stress testing and mitigating actions, to ensure all material risks are identified, quantified, managed, and reported.
• Support the management for capital, liquidity, interest rate, and other balance sheet risks via reporting against appetite and modelling forward-looking impacts and solutions.
• Determine the Company’s goals and funding risk and interest rate risk tolerance.
• Management and mitigation of Liquidity Risk (including risks emanating from placement of fixed deposits).
• Management and mitigation of Foreign Currency and interest rate Risk.

Cash Management

• Preparation of biweekly cash flow of financial services entities for submission into automotive Anaplan system, ensuring necessary alignment with different stakeholders.
• Partner with business team to improve liquidity, over deliver budget targets, and actively manage working capital.
• Managing daily cash balances, and surplus cash for other assets.
• Deliver insightful analysis of actual and projected capital, liquidity and Funding resources and constraints, to the business.

Policies and Procedures

• Understand and manage appropriate accounting procedures and processes related to debt and equity funding.
• Support preparation of fiscal records and financial plans, policies, and reports.
• Ensure compliance with policies.
• Evaluates capital expenditures, investment activities and portfolio management.
• Prepare, consolidate, and finalize Strategic Plan & Financial Implications (PL, BS, CF, Medium Term Funding Plan).
• Prepare, consolidate, and finalize Budget & Forecast.
• Review and analyse monthly financial results (B / S, P&L and cash flow) and provide key observations / recommendations to Management.

Governance, Financial Risk Control, Transformation

• Develop SLAs to govern treasury activities and key touch points with Divisions and Business Units.
• Ensure compliance with DOA through review of documentation (for example banking mandates, dealing mandates, account opening and closing).
• Perform KYC duties and update relevant documents with the banks (for example trade license, passport copies, sanctions undertakings / questionnaires, FATCA, etc.) consultation with Legal and Tax where required.

Required Skills to be successful:

• Automotive / leasing / rental experience.
• Minimum of 6 years.
• Certified accountant.
• Good communications skills.

About the Team:

You will be reporting to Sr. Financial Controller.

What equips you for the role:

• Qualified in Finance or Accounting (CA, CPA, CFA).
• Understanding of forex and treasury accounting including FX, liquidity, cashflow and various financial instruments.
• 2 to 5 years of Automotive and or banking experience preferable.
• Strong understanding of cash flow concepts / principles and forecasting a must with particular focus on Direct Cash Flow.
• Experience in Managing balance sheet risks and mitigation strategy.
• Excellent communication, analytical, written, and interpersonal skills, and proven ability to work with global finance teams.
• Understanding of financial markets, financial instruments and debt instruments.
• Knowledge of banking relationships and covenants.
• Established record in managing multiple and competing priorities. Ability to meet deadlines and work well under pressure in a fast-paced environment.
• Intermediate to advanced computer software skills, including Excel and other accounting packages.
• Strong commercial experience and business understanding.