Al-Futtaim Automotive - Associate Accountant

Roles and Responsibilities

Maintain all aspects of billing. Monitor departments activities/revenue on a daily/weekly basis and submit Monthly auto units billing to the customer as per the agreed SOP.
Consolidation and reporting of all KPI's and management reports.
Full analysis of shipment creation from Billing (SAP and Yard Logistics) aspect and identify revenue leakage (additional Billing) and determine solutions to avoid in future.
Usage of Fuel control and analysis vehicle-wise report.
Performs discovery and analysis for the purpose of documenting workflow, processes, and needs.
Creates business requirements and analyses functional/technical specifications to ensure needs are addressed.
Preparation of Automotive Logistics Budget and Forecast as per Group Timeline and update the same in IFRP.
Monthly BSS (Balance Sheet Substantiation) for 2 entities.
Freight revenue/margin report and incentive working.
Project Support as per Management deliverable/timelines.
What You Will Do:
Sales Report:
Automotive Revenue Report by Activity on a Monthly basis.
Freight Revenue and Margin Report on a Monthly basis.
Monthly Report:
Volume Report by Brand/Location and movement.
Rebate Computation on a quarterly basis as per agreement with Port Authority.
Standing Guarantee Report from Customs Authority and status/reconciliation.
Reconciliation:
Two reconciliations:
Fuel pump consumption.
Revenue and cost of sales.
Operations (AFL):
Invoice/Cost related matters.
Costing.
Monitor Cash invoice.
Fuel reporting.
Sales (AFL):
Customer details.
Knowledge of the customer.
Query response.
Finance and Finance Support Team:
Overheads analysis.
Overheads comparison with Budget.
Review of risk and opportunities on the business.
Budget support.
Management:
Monthly reports.
Monthly commercial report.
MIS.
IFRP Update.
Required Skills to be Successful:
CA qualified with 4 years' experience.
Analytical skills.
Positive attitude & flexible.
Good communication skills.
About the Team:
You will be reporting to Finance Manager.
What Equips You for the Role:
Professional qualification of CA or ACCA.
4 years in Finance including 6 years in Freight Management and commercial &/or operation support.
Working in a Logistics Company will be an added advantage.
Understand the business to develop/introduce reports and have the operational knowledge to know activities for analyzing the financials.
Desired Candidate Profile

1.

Financial Recordkeeping:
Bookkeeping : Recording all financial transactions in the company's ledger, ensuring accurate classification of revenues, expenses, assets, and liabilities.
General Ledger Maintenance : Ensuring that all journal entries are accurate and recorded according to the accounting principles.
Accounts Payable and Receivable : Managing the company's payments to vendors (payables) and collecting payments from customers (receivables).
2.

Financial Reporting:
Preparing Financial Statements : Preparing the

balance sheet ,

income statement ,

cash flow statement , and

statement of changes in equity

on a regular basis (e.g., monthly, quarterly, or annually).
Compliance : Ensuring that financial statements comply with

Generally Accepted Accounting Principles (GAAP)

or

International Financial Reporting Standards (IFRS) , depending on the regulatory environment.
Budgeting and Forecasting : Assisting in preparing budgets, forecasts, and financial projections based on historical data and company goals.
3.

Tax Preparation and Compliance:
Tax Filing : Preparing tax returns (corporate, income, sales tax, etc.) and ensuring compliance with tax laws.
Tax Planning : Advising on tax-efficient strategies for the business to minimize tax liabilities while remaining compliant with local, state, and federal regulations.
Handling Audits : Assisting with internal and external audits, providing necessary documentation, and resolving any discrepancies.
4.

Cost Analysis and Financial Analysis:
Cost Accounting : Analyzing the cost structure of products or services and helping the organization manage expenses, such as direct and indirect costs.
Variance Analysis : Comparing budgeted figures to actual performance and analyzing differences to understand financial results and recommend adjustments.
Financial Ratios and Metrics : Using financial ratios (e.g., profitability, liquidity, and solvency ratios) to assess the company's performance and provide insights into business decisions.
5.

Internal Controls and Risk Management:
Internal Audits : Monitoring the internal control systems to ensure the accuracy of financial records, prevent fraud, and maintain compliance with regulations.
Risk Management : Identifying and addressing financial risks, ensuring that the company has appropriate insurance coverage, and protecting assets from theft or mismanagement.
6.

Payroll Management:
Employee Compensation : Ensuring accurate processing of payroll, including calculating wages, tax deductions, and benefits.
Payroll Compliance : Ensuring payroll complies with labor laws, tax laws, and other legal requirements.
7.

Account Reconciliation:
Bank Reconciliation : Reconciliation of bank statements to ensure the company's financial records match with the bank's records.
Account Reconciliations : Ensuring that all balance sheet accounts are properly reconciled at the end of each reporting period.
8.

Advisory and Consultation:
Financial Advice : Providing management with advice on business decisions, financial health, investments, and opportunities for cost-saving.
Strategic Planning : Assisting in long-term financial planning and strategic decisions based on the analysis of financial data.
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