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Branch Accounting Manager | Hertz | Dubai, UAE

Al-Futtaim
Dubai, United Arab Emirates
Posted 5 years ago
184People have clicked1 open position
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Job Details

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Job Description

Job Description:

The focus of this role is to manage a team of branch accountants, cashiers and business finance executives to ensure financial activities of the business are carried in line with established processes and delegation of authority. The job holder will support the Senior Financial Controller in business MIS, routine analysis, business forecast and VAT compliance.

Key Responsibilities:

Management Information Systems-

  • Develop suitable business MIS to encapsulate all the key performance indicators, financial, commercial & operational
  • Coordinating IT system developments to keep pace with the changing operating and regulatory environment
  • Timely reporting of Sales and Purchase incentives by ensuring incentive earnings remain compliant with incentive scheme and company’s DOA

Accounting and AR Management-

  • Monitoring posting of expenses and ensuring all the cost allocations and standard accruals are in line with Budget and/or Forecasts
  • Monitoring of Fixed Assets Register to ensure CAPEX remains in line with Budgeted commitments
  • Timely submission of AR Report to all branches and updating the Debtors Collection Remarks
  • Monitoring of all ancillary income accounts to ensure timely recovery and reconciliation

Financial & Budgetary Controls-

  • Participating in Budget / Forecast preparation process and supporting HR in BPC Budget / Forecast preparation process (Incentives and Other MPC Expenses)
  • Coordinating for Monthly and Quarterly branch Performance Review with locations managers
  • Developing financial models and analyses to support strategic and growth initiatives
  • Initiate and Drive Cost Saving Initiatives by supporting FC in evaluating direct / indirect expenses and identifying actions required to pro-actively right-size existing company cost structures against appropriate performance KPIs

Compliance-

  • Supporting FC in establishing policies and operating procedures and ensuring that these are made available and followed by business units
  • Conducting Monthly Spot Check for all Finance Associates / Finance related activities to ensure compliance with company policies and SOPs
  • Conducting frequent audits of sales and purchase processes to ensure compliance with local Tax laws

Job Requirements

Qualifications, Experience, & Skills:

Minimum Qualifications and Knowledge:

  • Internationally-Accredited Professional Accountancy Qualification or MBA in Business Administration
  • Thorough understanding of the Automotive Market and Used Cars Operations

Minimum Experience:

  • 10 years in finance, with minimum 3 years’ experience of used cars operations

Job-Specific Skills:

  • Numeracy
  • Analytical Skills
  • Positive Leadership
  • Team Builder
  • Commercial Awareness

Behavioural Competencies :

  • Target focused
  • Persuasive
  • Strategic Minded
  • Reliable
  • Innovative

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