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Finance Business Partner

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

Job Description

Finance Business Partner | Al Futtaim Automotive | FAMCOOverview of the role:This is a mid-management role with specific focus on steering the accounting and financial processes of Industrial Equipment business.ÿWhat you will do:ÿManagement and Control

  • To deliver monthly closure of books of accounts as per the group accounting policies. Approval and supervision of monthly provision entries as per business requirements.
  • Contribute to the development of business management through monthly reviews and recommendation of improvement initiatives.
  • Review and initiate cost saving measures in the business.
  • Support business in making commercial decisions by providing financial acumen.
  • Review contracts for large B2B customers and actively participate in pricing the tenders etc for the business
  • Partner with business in formalizing the financing solutions for customers and review of LC and BGs
  • Assist the BUFC with principal arrangements and negotiations including LCs
  • Support business with collections and interfering wherever there are reconciliation issues
  • Ensure compliance of laws and regulations like VAT etc
  • Ensure compliance of IFRS for revenue booking, cost and expenses.
  • Ensure application of appropriate internal controls, compliance and financial processes
  • Liaise with various AF Group departments like Group Legal, EIT, Group Admin, Group HR, etc.
  • Liase with AF Group companies for IHF (long term and short term)
  • Supervision of Accounts Payable, Accounts Receivables, Inventory and petty cash activities.
  • Review insurance policies for the company and come up with the optimum policies.
  • Conduct order study for optimal ordering.
  • Manage SAP system related changes to ensure compliance of invoice formats and accounting processes.
ÿFinancial Reporting
  • Design and implement best practices and process improvements within the Financial Reporting, Accounting and Financial Controlling processes
  • Review accounting policies and suggest improvements if required
  • Evaluate Business decisions and review financial impacts
  • Review and reconciliation of BS accounts as part of the Balance sheet Substantiation process.

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