Department Description:
The Automotive FP&A Department within Al Futtaim Group are responsible for overseeing the preparation and understanding of all funding requirements or surplus funding transfers to and from group. This is undertaken in partnership with group Treasury and individual entities within the Automotive division.
The Finance Manager will primarily be responsible for helping entities preparing and analyzing the direct cashflow and reporting to group treasury via the consolidated forecast, budget and actual cash flow package to senior management. The ideal candidate will become involved in global cash flow planning and analysis, supporting executive level presentations and performing ad hoc projects.
Detailed Job Description/ Responsibilities:
- Coordinate the submission and consolidation of business unit monthly cash flow forecasts, annual budget and interim short term liquidity report into Group system (Anaplan)
- Partner with the local finance teams and shared services team to improve liquidity, over deliver budget targets, and actively manage working capital.
- Partner with Treasury department to monitor liquidity and provide variance analysis for changes in cash balance versus weekly forecast.
- Prepare consolidated cash flow forecast/budget package and presentation, which provides executive management insights into cash variances versus prior forecasts and periods.
- Prepare metrics to monitor and measure the working capital and cash flow efficiency related to operational areas of focus.
- Analyze quarter end cash balances and coordinate actual to forecast/budget explanations with all worldwide affiliates (30+ territories) to better understand variances vs expectations.
- Work with financial reporting to provide audit committee and board material to understand the changes in our working capital and link between cash generation and EBIT.
- Prepare working capital analysis based on forecasts and budget submissions.
- Prepare analysis of cash needs to determine appropriate amount and timing of on-going debt repayment and/or potential dividends.
- Partner with local finance teams and local procurement teams to evaluate monthly Forex requirements and understand any variances,
- Partner with group financial risk team to report the forex requirement and contribute to discussions around hedging, reporting reasons for variances
Job Details
| Posted Date: | 2021-12-20 |
| Job Location: | Dubai, United Arab Emirates |
| Job Role: | Finance and Investment |
| Company Industry: | Accounting |
Preferred Candidate
| Career Level: | Management |
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