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Branch Accounting Manager

1.00 to 10.00 Years   Dubai, United Arab Emirates   24 May, 2023
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

UAE national _Branch Accounting Manager | Al Futtaim Automotive | FinanceOverview of the role:As a member of Branch team ? to support the dealership operation (Sales and After sales) ? on (a) decision support for budgeting / forecasting/ MIS and KPI achievement (b) ensure compliance with company policies and procedures with major emphasis on - cash control, sales accounting and approvals credit controls & approvals, stock controls, audit report follow-up and (c) day to day internal controls review and improvement.ÿWhat you will do:Budget / MIS and KPI monitoring:

  • Support branch management on preparation of Budget/ Forecast, Performance summary and review of variance analysis.ÿ
  • Support GM - Retail in review of on Retail KPI trends and improvement plans with Branch Management.
  • Prepare reports and analysis for monthly Branch reviews to be held with GM Retail & BUFM
  • ÿ
Cash Controls:Review of daily collection and deposit of cash and cheques by branches and scrutinise GL control accounts for exceptions and petty cash management and co-ordinate with AFSS.ÿSales Accounting and control:
  • Oversee via the Branch Accountant to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals.
  • Authorise release of VCC and Sales letter as per company procedure.
  • Validation of Sales document pack /LPO and credit approval or clear funds/ registration copy and authorise final release of the vehicle for customer delivery.
  • Process refunds within the sub-delegated authority /documentation and facilitate refund process with AFSS for beyond authority levels.
  • Check and validate all agreed check list before confirming passport release of branch staff.
  • ÿ
Stock controls:
  • Ensure Stock controllers adhere to standard documentation and procedures with regard to stock movements and best practices followed on stock management of on-site stocks including Demo/display/Damaged stock.
  • Ensure adequate insurance coverage for dealership assets at all times.
  • Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.
  • ÿ
Credit Control:
  • Process credit application request for AFSS approval and maintain relevant documentation as per approved credit deals
  • Authorise credit requirements within the framework of sub-delegated credit release authority from AFSS.
  • Facilitate submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
  • Review with the Retail / SME team on overdue and collection on periodical basis and provide status report to BSM and BUFM
  • ÿ
Internal Auditÿreview and recommendations:Facilitate Group internal audit review of branch operations and ensure implementation of audit recommendations.ÿPolicy and Procedures and System support:
  • Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
  • Ongoing Review of system processÿand ensure its applicability to business requirements in co-ordination with AFSS.
  • ÿ
Payroll:Calculation of monthly incentives for relevant Branch associates for submission to payrollÿLeadership:To lead the finance and administration teams that fall under the responsibility if the BAM

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