Finance Business Partner

1.00 to 10.00 Years Dubai, United Arab Emirates 06 Aug, 2024

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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