Finance Manager

3 months ago


Doha, Qatar Precision Hire Solution Full time

Established in the 1930s as a trading business AlFuttaim Group today is one of the most diversified and progressive privately held regional businesses headquartered in Dubai United Arab Emirates. Structured into five operating divisions; automotive financial services real estate retail and healthcare; employing more than 35000 employees across more than 20 countries in the Middle East Asia and Africa AlFuttaim Group partners with over 200 of the worlds most admired and innovative brands. AlFuttaim Groups entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect excellence collaboration and integrity; AlFuttaim Group continues to enrich the lives and aspirations of our customers each and every day


Overview of the role:

We are looking for finance manager to manage Qatar & Oman finance


What you will do:

Financial Accounting

  • Manage financial and management accounting for Rental and Leasing business as per IAS IFRS and as per AF Group defined guidelines
  • GL Profit Center and Cost Center Management maintenance of effective & defined GL PC & CC in SAP
  • Reconciliation of Vendors Accruals Banks Qatar/Oman: Traffic Fines Fixed Assets etc. on timely basis
  • Leasing and rental to understand full end to end system and process
  • Regular monitor of Qatar/Oman front end system transactions and postings
  • Monitor Qatar/Oman front end system and SAP reconciliations

Preparation of Forecasts and Budgets

  • Preparation of the monthly pre flash forecasts working closely with the FP&A and controllership central team.
  • Preparation and ownership of quarterly forecasts and planning exercise.
  • Preparation and ownership for entity budgeting exercise

Reporting & Audit

  • Preparation of Monthly Financials pack for both entities
  • Preparation of midmonth forecasts during the month as required
  • Submission of BI/BPC/Forecast/Flash/ Actuals in Auto IFRP systems
  • Monthly Quarterly and Adhoc reporting related to Qatar/Oman
  • Support the internal external and regulatory audit and Ensure timely preparation of audit data as per requirement and all feedbacks are implemented after

Policies Processes & Documentation

  • Ensure accounting records are updated as per defined accounting policies for different functions and subfunction
  • Annual review of accounting policies i.e. FA/GL/AR/AP/VAT
  • Recommend promptly updating of policies as per changes in business or as per requirement.
  • Development and customization of desired reports in SAP based on business requirement.
  • Explore & implement automation of various reports from IFRP system.

ICM & Vendor Management

  • Ensure ICM mechanism is in place for automotive brands dealer incentives and ICM auto acceptance postings and carry out reconciliation if required.
  • ICM transactions are reviewed every month initiate closure of old pending transactions issues escalate open ICM transactions for its timely closure.
  • Ensure vendor invoices are properly approved booked before initiating payment on respective due date.
  • Ensure efficient documentation system is maintained.
  • Ensure that PO related and NonPO related vendor invoices are booked within 2 working days of receipt of invoices with relevant Tax code and GL assigned. Reconcile GR/IR GL on monthly basis
  • To ensure online payment system is secured without manual intervention OR to explore alternate payment option in Mashreq Matrix.

Required Skills to be successful:

  • Automotive or Financial Services experience
  • Based in Qatar or Oman
  • Certified Accountant (CPA CMA ACCA)
  • Good Communication skills

About the Team:

You will be reporting to Sr. Financial Controller


What equips you for the role:

  • CA MBA Finance
  • Automotive financial services rental and leasing industry
  • Advanced Excel & SAP

About AlFuttaim Automotive
A major division of the UAEbased AlFuttaim Group of companies AlFuttaim Automotive is an industry leader with presence in 10 countries across the Middle East Asia and Africa.
Our core business activities at AlFuttaim Automotive include distribution manufacturing leasing and aftersales and we are firmly established as the regional representative of some of the worlds most iconic automotive brands: Toyota Lexus Honda Jeep Chrysler Dodge Volvo and RAM.
We are driven by a customercentric approach constantly pushing the boundaries on innovation quality standards and valueadded service across our vast universe of customers right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custommade mobility solutions by delivering nothing less than worldclass omnichannel experiences.
We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions from passenger cars to SUVs electric vehicles to highperformance motorbikes commercial vehicles to industrial & construction equipment.
What keeps the company moving forward is a 9000member strong team with inspiring possibilities for growth throughout the career path. This is AlFuttaim Automotive and we empower talent to move forward.

This job has been sourced from an external job board.
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