Branch Accountant | Al-Futtaim Automotive

A well-known and well-reputed Company based in Ajman, United Arab Emirates is looking for an experienced, skilled, competent, mature, capable, efficient, qualified, creative, and intelligent candidate with significant competency, good knowledge, and relevant working experience for the position of “Branch Accountant”.

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Company Name Al Futtaim Automotive

Job Requirements and Benefits:-

Qualification Masters Degree | Bachelors Degree | ACCA | CA
Experience 2 – 4  years of Relevant Experience Required
Monthly Salary 6,500 AED – 8,500 AED Plus
Employment Type Part Time | Permanent
Company Size 100 – 500 Employees
Benefits Medical Insurance | Performance-based Increments
Location Ajman

About the job

Job Requisition ID: [[157329]]

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 day

Overview of the role:

The bulk of the work will be to provide Branch Accountant support to the TY & LX Showroom and Workshop and reporting to Finance Business Partner (FBP) – Retail.

What you will do:

Cash (Revenue & Petty Cash Fund) Management

  • Collect cash / credit card payment against cash invoices.
  • 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 handed over to Trans-guard on a succeeding day
  • Daily collection reports should be uploaded in the shared drive provided by the 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

Business Processes & Controls

  • All business processes are conducted according to SOP and with correct levels of sign authority
  • Ensure payments / delivery to be done by/for the payer and if 3rd party, UT verified by the Branch Manager should be secured
  • Ensure that petty cash expenses are paid with appropriate approval as per DOA, liquidity of petty cash must be maintained for smooth branch operations

Accounts Receivables Management (AR Management)

  • 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

Maintain proper invoice filing with complete document set (Job card, LPO etc.) for easy retrieval.

Invoicing & Delivery Management

  • Perform financial transactions and process invoices in a timely manner.
  • Ensure all relevant AFM 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 AFM 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.

Petty Cash Management

  • Verify all cash & cheque transactions from the previous day and encode into SAP.
  • Strict adherence of AFM company policy regarding customer refunds, maintain log for tracking purposes.
  • Monitoring Petty clash float for ensuring adequate balance and reviewing pending re-imbursements/claims for submission.
  • Perform Surprise Cash Count as per SOP.

Financial Reporting Cost & Internal Controls

  • Finance related processes are conducted in compliance with AFM policies & procedures (SOPs).
  • Supporting in monitoring Opex & Capex.
  • Monitor & maintain AFM administration document process is adhered at all times.
  • Monitor clearance of Open POs follow up with COT & Showroom Admin Team every month
  • To carry out Ad Hoc tasks/reports as required by the FBP/ FM / Branch Management

Accounts Receivables Management (AR Management)

  • 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

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

Required Skills to be successful:

  • Experience in branch accounting – retail
  • Minimum 2 years’ experience in accounting
  • Stakeholder management
  • Good experience in accounting system SAP

About the Team:

Working in a fast-paced and diverse environment, reporting directly to the Finance Business Partner

What equips you for the role:

  • Bachelor’s degree in accounting
  • Minimum 2 years’ experience
  • Finance system experience

Please share your resume on the below given details


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Accounting & Finance