Finance Manager | Automotive | Al-Futtaim Finance

Al-Futtaim; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A diversified regional business in Dubai is seeking a Financial Controller to oversee financial governance, manage audits, and ensure compliance with accounting standards. The ideal candidate will have over 10 years of experience in finance, preferably within the automotive sector, along with a Chartered or Management Accountant qualification. This role offers the opportunity to implement cost control measures and drive growth in financial operations.

Qualifications

• Minimum of 10 years of extensive experience in finance.
• Experience in accounting and finance functions in a corporate environment.
• Expertise in managing finance departments.

Responsibilities

• Define accounting policies and processes per IAS and IFRS.
• Manage contracts and agreements with stakeholders.
• Prepare internal and statutory financial reports.

Skills

Financial analysis

Excellent communication

Time management

Relationship management

Cost control measures

Education

Chartered or Management Accountant qualification

Tools

ERP systems

SAP FICO

Job description

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.

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 Financial Controller role is integral to the efficient governance and control of financial services across UAE, GCC, and International geographies. The position demands accurate and timely reporting for all businesses under Financial Services management, in adherence to group and divisional deadlines. This role defines and guides financial operations and functions according to AFG guidelines, ensuring the financial statements reflect accurate finance positions in line with international accounting and reporting standards.

Responsibilities

• Define accounting policies and processes in accordance with relevant IAS and IFRS standards.
• Record income and expense accounts accurately and according to policies.
• Manage contracts and agreements with all stakeholders.
• Submit financial results within the agreed reporting calendar while ensuring accuracy.
• Monitor accruals, payables, and receivables continuously to minimize discrepancies.
• Coordinate with AFSS and Group Companies on intra-company transactions and settlements to prevent revenue leakage.
• Ensure policies are defined for all revenue streams.
• Conduct monthly closing, budget analysis, and YOY variance analyses.
• Reconcile fixed assets, specifically fleets, across systems.

Financial Control and Reporting

• Implement proactive cost control measures to analyze, identify, and reduce costs.
• Prepare internal, FS Division, Head Office, and statutory reports including submissions to Central Banks timely and accurately.
• Enhance coordination with brands and various stakeholders for seamless financial operations.
• Define and manage cost centers, ensuring proper allocation and recording.
• Prepare monthly Brand Revenue Split reports.
• Generate monthly and quarterly finance reports for information exchange and better analysis.

Audit and Compliance

• Manage UAE VAT compliance efficiently.
• Plan, manage, and supervise interim and statutory audits.
• Follow up on and implement internal audit observations in collaboration with respective departments.
• Review and timely respond to internal audit observation queries.
• Ensure compliance with Central Regulations.

Requirements

• Minimum of 10 years of extensive experience in finance - Automotive
• Quality and time management as core essence.
• Excellent oral and written communication with strong relationship management skills.
• Ability to analyze financials and market conditions to identify opportunities for business growth
• Minimum of 10 years of extensive experience in accounting and finance functions in the corporate world, preferably in the automotive industry.
• Qualified as a Chartered or Management Accountant with expertise in managing finance departments including accounting and financial analysis.
• Knowledge and compliance with International Accounting and Reporting Standards.
• Experience with ERP systems, particularly SAP FICO

Al-Futtaim Group is an equal opportunities employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, age or marital status.