UAE national _Branch Accounting Manager

About the job
Job Requisition ID: [[154377]]

Established in the 1930s as a trading business, Al-Futtaim 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 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s 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; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role:

As a member of Branch team – to support the dealership operation (Sales and After sales) – on (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.

What you will do:

Budget / MIS and KPI monitoring:
Support branch management on preparation of Budget/ Forecast, Performance summary and review of variance analysis.
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

Cash Controls:

Review of daily collection and deposit of cash and cheques by branches and scrutinise GL control accounts for exceptions and petty cash management and co-ordinate with AFSS.

Sales Accounting and control:
Oversee via the Branch Accountant 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.