Description
Job Requisition ID: 180742 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 dayOverview Of The Role:The Finance Business Partner is responsible for performing the monthly closure of accounts in line with Group policies, implementing best practice reporting and controls, and serving as a key finance partner to the business. The purpose of the role is to optimize logistics costs and enable financing solutions to drive profitable growth. This position supports business management with insights, trend analysis, and actionable recommendations, while maintaining strong control and compliance frameworks. Success in this role is measured by the accuracy and timeliness of financial reporting, cost savings achieved, effective cash flow management, and stakeholder satisfaction. The role requires collaboration with both local and group-level financial teams.What You Will Do:Manage the end-to-end monthly financial close process, ensuring accurate transaction recording, timely review of provisions, and full compliance with Group Accounting Policies.Contribute to the development of business management through monthly reviews and recommendation of improvement initiatives.Support business performance management through monthly financial reviews, providing insights, trend analysis, and actionable recommendations.Monitor costs, identify savings opportunities, and implement efficiency initiatives without impacting business operations.Partner with business stakeholders to challenge spend, improve cost discipline, and support informed decision-making.Support budgeting and forecasting processes by incorporating cost optimization assumptions and initiatives.Conduct order study for optimal ordering.Supervise Accounts Payable, Accounts Receivable, inventory, and petty cash activities to ensure accuracy, compliance, and strong internal controls.Manage cash flow through effective control of receivables, payables, and inventory cycles.Liaise with Group functions and internal stakeholders to ensure alignment with Group policies, governance requirements, and smooth business operations.Manage intercompany funding arrangements, ensuring accurate accounting, timely settlements, and compliance with Group Treasury guidelines.Coordinate funding requirements with Group Treasury, supporting cash flow planning and liquidity management.Partner with the business to structure and formalize customer financing solutions, including review and approval of Letters of Credit (LCs) and Bank Guarantees (BGs).Support the BU Finance Controller in principal financing arrangements and negotiations with banks and financial institutions.Assist in the issuance, amendment, and management of LCs, ensuring appropriate risk assessment, documentation, and compliance.Ensure compliance with VAT and other statutory laws.Establish, implement, and continuously enhance internal control frameworks to safeguard company assets and ensure financial integrity.Monitor compliance with internal policies, delegated authorities, and Group governance standards.Perform periodic reviews and testing of key financial and operational controls, identifying gaps and recommending corrective actions.Promote a strong control and compliance culture through guidance, training, and collaboration with business teams.Required Skills To Be Successful:Qualified in Finance or Accounting (CA, CPA, ACCA).Strong analytical and problem-solving skills.Proficiency in Microsoft Office, including Excel and PowerPoint, as well as SAP.Excellent communication and interpersonal abilities.What Qualifies You For The Role:Qualified in Finance or Accounting (CA, CPA, ACCA).Minimum 5-7 years of relevant experience.Proven ability to work with global finance teams, with excellent communication, analytical, written, and interpersonal skills.Ability to meet deadlines and work well under pressure in a fast-paced environment.About Al-Futtaim Automotive A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia and Africa. Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as the regional representative of some of the world's most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM. We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers - right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences. We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment. What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.