Al Futtaim Group

Branch Accountant

  • Saudi Arabia
  • Al Futtaim Group
  • Posted date: 1 month before
  • End date: 2024-03-17

Job Title: Branch Accountant

Job In Saudi Arabia

Company: Al Futtaim Group

Start Date: 2024-01-17

End Date: 2024-03-17

Job Description

Branch Accountant | Al Futtaim Automotive | Electric Mobility

Overview of the role:

Branch Accountant will provide controlling support and supervise the branch cash operations to the business and reporting to Finance Business Partner (FBP).


What you will do:   

•   Perform financial transactions and process invoices in a timely manner.

•   Ensure all relevant document processes are strictly adhered to ensure all bank payments are met

•   Ensure Revenue/Provision in place and Assignee clause is without error

•   Substantiates financial transactions by auditing documents.

•   Perform record keeping of all financial operations.

•   Manage Intra & Internal Sales including Government Sales.

•   Authorization of all in house sales & credit customers.

•   Daily invoice summary for credit invoices & sales return cases, monitor all outstanding debts & report.

•   Support & Guiding of Matrix managers, Sales team and Sales Admin.

•   Collect & Verify all cash / credit card / cheque payment against invoices and post all collections in system (SAP)

•   Monitoring Petty clash float for ensuring adequate balance and reviewing pending re-imbursements/claims for submission.

•   Maintain and balance daily collection & petty cash fund twice daily

•   Monitoring the insurance limits of cash/collection in vault, ensuring the insurance coverage from AOIC if the cash/collection in vault exceeds the limit

•   Ensure that collected revenue must be deposited in bank /SCDM on same day 

•   Daily collection reports should be uploaded in the shared drive provided by the FSSC/AFSS

•   All collection / PCF verification and hand over are properly signed / filed for future references

•   Monitoring and communicate cheque clearance, bouncing cheques, and refund cheques

•   Ensure accurate data entry in SAP - billing cancellation & advance payments should be kept at minimum level - Cash Invoices not yet collected report should be always cleared & monitored

•   Ensure sublet and bought-out charges are posted to Job cards for charging the customer

•   Strict adherence of company policy regarding customer refunds, maintain log for tracking purposes.

•   Perform Surprise Cash Count as per SOP.

•   Reviewing and ensuring of timely submission of Second sets.

•   Daily / Weekly / Monthly monitoring of branch AR report (all credit facilities provided) and follow-up with concerned channels to ensure timely collection of all outstanding / overdue invoices

•   Maintain list for all credit facilities provided to branch credit customers including credit limit / credit period / main contact details / credit facility documents if possible

•   Reconcile credit customer accounts

•   Finance related processes are conducted in compliance with AFM policies & procedures (SOPs).

•   Supporting in monitoring Opex & Capex.

•   Monitor & maintain administration document process is adhered at all times.

•   Monitor clearance of Open POs follow up with central team & Showroom Admin Team every month

•   To carry out Ad Hoc tasks/reports as required by the FBP/ FM / Branch Management

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