Finance Manager

Job Description

UAE National _Finance Manager | Al Futtaim Automotive | FinanceOverview of the role:The role will support the Divisional Management team in all Finance and Administration matters. This will include ? (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 and BAM?s 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.

ÿCash Controls

• Ensure practices are in place for review of daily collection and deposit of cash and cheques by branches and scrutinize GL control accounts for exceptions and petty cash management and co-ordinate with AFSS (Al Futtaim Shared Services).

ÿSales Accounting and controlOversee via the BAM?s 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.

ÿStock controlsOversee via the BAMS:

• 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
• Always Ensure adequate insurance coverage for dealership assets.
• Review periodical physical inventory and reconciliation to ensure physical stocks match with the system stocks.

ÿCredit ControlOversee via the BAMS:

• 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

ÿInternal Audit review and recommendations

• Facilitate Group internal audit review of branch operations and ensure implementation of audit recommendations.
• Policy and Procedures and System support
• Continuous review of existing policy and procedures and recommend improvements to strengthen internal control.
• Ongoing Review of system process and ensure its applicability to business requirements in co-ordination with AFSS.

ÿPayroll

• 1. Ownership of the incentive calculation spreadsheet and ensure that model derives correct amounts due in line with current incentive schemes.
• 2. Submission of the above to relevant management for authorization.

ÿLeadership

• In conjunction with the BUFM to lead the BAM?s in the execution of their duties of ensuring sufficient financial controls are in place at all times.ÿ
• In addition to the above, carry out Ad Hoc tasks as defined by the BUFM / GM Retail or any other member of Senior Management

ÿ

Keyskills :