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Finance Manager - R2R | Automotive Finance Shared Services

1.00 to 10.00 Years   Dubai, United Arab Emirates   01 Apr, 2021
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

Job Purpose:As a member of Al Futtaim Shared Service (AFSS) R2R team: Support the management on:

  • Review / revision of existing account policies and creation / drafting of new accounting policies.
  • Finance Transformation - Streamlining the associate activities into R2R & Controlling categories?
  • Creating a robust Financial controlling framework
  • Creating an Effective / efficient R2R framework covering Close, Certify & Compliance activities
  • Ensure financial records are correct and support external audit.
  • Regular Trial Balance review and Balance Sheet substantiation.
  • Robust, timely and accurate Financial planning and Reviews?
  • Provide Commercial and analytical support?
?Job Context:The job holder constantly interacts with Business Finance and GMs and Auto finance leadership. The position also interface with other AFSS functions in ensuring quality monthly financials. The jobholder understands the front-end process and interface with financial and information databases to ensure accuracy.?Key Responsibilities:Financial Statements & Accounting / Reporting Standards / Group Accounting Policies
  • Coordinate with Group Finance for Preparation of Financial Statements at Legal Entity level.
  • Assists the Finance Manager in review of the existing accounting policies and help in drafting / amending them and creating accounting policies for automotive specific areas.
  • Assisting with the implementation of new accounting policy requirements through producing detailed technical analysis and contributing to Group discussions as subject matter expert.
  • Prepare and present accounting training sessions to the Finance & Operations teams where applicable on IAS, Accounting Policies and IFRS.
?Finance Transformation / Overseas support:?
  • Review and Segregate the activities performed by associates into R2R, Controlling & FP&A.?
  • Provide support for overseas entities by reviewing the current processes and sharing best practices and processes in improving the standards.
?Monthly Closing and GL Reviews
  • To lead closing of books on a monthly basis with other AFSS teams and ensure recognition of robust financials within the group timelines.
  • Drive continuous improvement in monthly closing activities to ensure quality financials for business units.?
?Balance Sheet substantiation / Trial Balance Reviews?
  • Carry out detailed review of key automotive accounts in Trial Balance and ensure substantiation of balances appearing against it.
?Robust Record to Report process
  • Ensure robust R2R process through?
  • Standardizing the accounting process,?
  • Regular key account reconciliations,
  • Improved Fixed Asset management,?
  • Improve month-end process & related reporting.
?Five Year Plan / Budget / Quarterly Reviews
  • Facilitate automotive business management and Business finance teams on preparation of Five year plans/ Annual Budget/ Quarterly reviews on Balance sheet for business units.
  • Ensure adherence to group reporting timelines and BPC up-dation to facilitate timely and quality reviews.
?External Audit?
  • To coordinate external Audit of the automotive entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.
  • Coordinate with other teams in AFSS and ensure that auditor?s requirements are being provided in a timely and accurate manner.

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