Al Futtaim Group

Finance Business Partner

  • Dubai
  • Al Futtaim Group
  • Posted date: 1 month before
  • End date: 2024-03-22

Job Title: Finance Business Partner

Job In Dubai

Company: Al Futtaim Group

Start Date: 2024-01-22

End Date: 2024-03-22

Job Description

Finance Business Partner | Al Futtaim Automotive | FAMCO

Overview of the role:

This is a mid-management role with specific focus on steering the accounting and financial processes of Industrial Equipment business.


What you will do:


Management and Control

  • To deliver monthly closure of books of accounts as per the group accounting policies. Approval and supervision of monthly provision entries as per business requirements.
  • Contribute to the development of business management through monthly reviews and recommendation of improvement initiatives.
  • Review and initiate cost saving measures in the business.
  • Support business in making commercial decisions by providing financial acumen.
  • Review contracts for large B2B customers and actively participate in pricing the tenders etc for the business
  • Partner with business in formalizing the financing solutions for customers and review of LC and BGs
  • Assist the BUFC with principal arrangements and negotiations including LCs
  • Support business with collections and interfering wherever there are reconciliation issues
  • Ensure compliance of laws and regulations like VAT etc
  • Ensure compliance of IFRS for revenue booking, cost and expenses.
  • Ensure application of appropriate internal controls, compliance and financial processes
  • Liaise with various AF Group departments like Group Legal, EIT, Group Admin, Group HR, etc.
  • Liase with AF Group companies for IHF (long term and short term)
  • Supervision of Accounts Payable, Accounts Receivables, Inventory and petty cash activities.
  • Review insurance policies for the company and come up with the optimum policies.
  • Conduct order study for optimal ordering.
  • Manage SAP system related changes to ensure compliance of invoice formats and accounting processes.


Financial Reporting

  • Design and implement best practices and process improvements within the Financial Reporting, Accounting and Financial Controlling processes
  • Review accounting policies and suggest improvements if required
  • Evaluate Business decisions and review financial impacts
  • Review and reconciliation of BS accounts as part of the Balance sheet Substantiation process.

Required Skills to be successful:

  • Principal and customer negotiations
  • Stakeholder management
  • Strong understanding of P&L and Balance sheet
  • Commercial understanding (contracts and commercials)
  • Pricing of tenders / deals

Application URL

Source :