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Finance Business Partner

1.00 to 10.00 Years   Dubai, United Arab Emirates   06 Aug, 2024
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryRetail & Wholesale
Functional AreaNot Mentioned

Job Description

What you will do:Financial Performance Review & Commercial Support to Branch Management

  • Perform regular detailed level (Sales & Aftersales) Financial reviews and variance analysis with Branch Management for ensuring that business performance is in line with relevant budgets/Forecasts
  • Support Management in establishing and reviewing the KPI trends (Sales & Aftersales), summarize key findings and suggest improvement plans.
  • Regularly monitor and control indirect costs (Facility Maintenance, MPC including casual labors, Distribution cost, utilities, data processing, stationery, cafeteria etc.) review actual cost incurred and correct wrong posting if any.
  • Ensure various cross charges and allocations are correctly charged and posted in respective period before book close.
Financial Reporting & MIS
  • Prepare reports/analysis for monthly detailed reviews to be held with Director, BUFM and Other Management including reports for Margin and expense analysis at various angles.
  • Prepare various other regular daily/weekly/monthly/yearly) and ad hoc reports for management.
  • Review balance sheet GLs and identify the misstatements in balance sheet GL and take lead in coordinating with different stakeholders to clear these misstatements.
  • Assist in month end close process make sure necessary entries related to provisions, accruals, prepayments etc. are made in the books.
  • Take lead and drive the budget activity within the management function.
  • Supporting FM and Director with Preparation of site wise Annual Budgets, Monthly/Quarterly Forecasts.
  • Consolidate and validate the budget/ forecast submission from the respective business and arrange the review with business management.
  • Upload the budget / forecast in SAP as per schedule
Sales Accounting and Cash Control
  • Oversee via the Branch Accountants and Accounts Assistants to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals for Sales & Aftersales.
  • Reviewing all petty cash payments, test checking daily collections and deposits to ensure compliance.
  • Ensure through branch Finance team the release of VCC, Sale letter & Gate passes (Sales & Aftersales) are in line with company procedures.
  • Validation through test checks of Sales document pack /LPO and credit approval or clear funds/ registration copy and delivery to ensure process compliance.
  • Ensure that refunds are processed by branch within the sub-delegated authority with proper documentation and those beyond Branch authority are processed through Central Finance (FSSC).
  • Check and validate all agreed check list before confirming passport release of branch staff.
  • Liaise with Central Finance (FSSC) and other departments to ensure that all intercompany transactions, upsell recoveries, Pricing differences etc are regularly reconciled and kept on track
Credit Control & AR Collections
  • Review with Sales team (sales & aftersales) on overdue and collection on regular basis and provide status report to Branch Management and BUFM
  • Facilitate through Branch Finance team, timely submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
  • Any deviation or pending cases for clearing to be highlighted to management for escalation.

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