Overseas Finance Manager | Al Futtaim Finance

Al Futtaim Group - UAE

Date Posted: 2015/12/09

                                           

                                                  

Job Description

Automotive

Al-Futtaim is regarded as a pioneer in the region’s automotive industry. The company imported the first consignment of Toyota vehicles to the UAE and established Al-Futtaim Motors in 1955.

Al-Futtaim represents 44 automotive brands across 16 countries and encompasses every aspect of the business:

• Passenger and commercial vehicles sales
• Manufacturing agricultural vehicles
• Construction equipment sales and service
• Used car sales
• Rental and leasing

Al-Futtaim Finance

Al Futtaim Finance (AFF), a Central Bank of UAE regulated entity, is a wholly owned subsidiary company of the Al-Futtaim Group, the leading business conglomerate of UAE. AFF specializes in providing a range of innovative consumer finance products to customers across the UAE.

About the Position

This role reports to the Assistant GM and will support the Management of IHF (Installment credit) and Finance and Insurance function. This is a regional role supporting 7 countries including UAE and the person will be responsible for the finance governance and reporting of the IHF Portfolios in Al Futtaim Group and F&I process for overseas business.  

This role includes: 

Finance Management and Reporting- IHF Market
* Support in developing a finance Management framework for all IHF Markets
* Develop the finance process for ensuring the uniformity in managing the Installment function at each country level
* Monitor and Interpreted local regulations of lending for Auto in particular.
* Develop the accounting Policy and processes in line with the local regulations and IFRS and ensure the understanding and acceptance of at each country level function team
* Assist in design and developing the uniform GL structure to create uniformity in managing accounting in all IHF markets
* Develop a finance reporting framework for IHF and ensure Reporting at each country level in line with business plan
* Support all IHF markets in annual budgeting exercise with respect to management of IHF
* Analyze and assess the requirements of funding at each country level, with understanding of current business requirements and future plans of IHF function
* Analyze the Technical capabilities of managing the long term debts and support the development / enhancement

Finance Management and Reporting- Overseas Finance and Insurance
* Design, develop and implement uniform accounting policy and process for all overseas F&I markets
* Ensuring all agreed process are followed for accounting, reconciliation and reporting
* Analyze and improve the current accounting structure of overseas F&I to create uniformity in managing accounting in all overseas F&I markets
* Develop a finance reporting framework for overseas F&I
* Support the budgeting exercise with respect to overseas F&I for all markets
* Analyze and interpret the monthly financials and budget variances
* Support in designing the process of validation of incentive payment to sales staff including plan of surprise audits and execution 

Business Development
* Support the due diligence for new acquisition
* Analyze and improve Support in setup of F&I business in new markets
* Perform any other tasks as may be assigned from time to time

About You

The ideal candidate will have the following qualities:  
* In-depth understanding and Extensive related experience with min 10 years in management of finance department including accounting and financial analysis and reporting.
* Experience in finance industry / automotive industry is must
* Corporate work experience (Regional or HQ function) will be an advantage
* Excellent analytics skills with Specialization in finance analytics
* University graduate with professional qualification such as Chartered Accountant / MBA in Finance
* Must hold significant UAE experience. Any regional role in finance and reporting will be of advantage
* Good underst

Skills

Job Details

Ref.:

 

JB3402671

Job Location:

 

United Arab Emirates

Company Industry:

 

Banking

Company Type:

 

Employer (Private Sector)

Job Role:

 

Other

Employment Status:

 

Unspecified

Employment Type:

 

Unspecified

Monthly Salary Range:

 

Unspecified

Number of Vacancies:

 

1