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Finance Business Partner

Company Name: Al Futtaim Private Company LLC
Employment Type:Full Time
Location: UAE
Experience: 5+ years
Degree: Bachelor
Gender:Any
Age:Any  
Nationality: Any
Salary:Unspecified
No. Of Vacancies:1
Job Description:
Overview of the role:
This is a mid-management role with specific focus on steering the accounting and financial processes of Industrial Equipment business.
 
What you will do:
 
Management and Control
To deliver monthly closure of books of accounts as per the group accounting policies. Approval and supervision of monthly provision entries as per business requirements.
Contribute to the development of business management through monthly reviews and recommendation of improvement initiatives.
Review and initiate cost saving measures in the business.
Support business in making commercial decisions by providing financial acumen.
Review contracts for large B2B customers and actively participate in pricing the tenders etc for the business
Partner with business in formalizing the financing solutions for customers and review of LC and BGs
Assist the BUFC with principal arrangements and negotiations including LCs
Support business with collections and interfering wherever there are reconciliation issues
Ensure compliance of laws and regulations like VAT etc
Ensure compliance of IFRS for revenue booking, cost and expenses.
Ensure application of appropriate internal controls, compliance and financial processes
Liaise with various AF Group departments like Group Legal, EIT, Group Admin, Group HR, etc.
Liase with AF Group companies for IHF (long term and short term)
Supervision of Accounts Payable, Accounts Receivables, Inventory and petty cash activities.
Review insurance policies for the company and come up with the optimum policies.
Conduct order study for optimal ordering.
Manage SAP system related changes to ensure compliance of invoice formats and accounting processes.
 
Financial Reporting
Design and implement best practices and process improvements within the Financial Reporting, Accounting and Financial Controlling processes
Review accounting policies and suggest improvements if required
Evaluate Business decisions and review financial impacts
Review and reconciliation of BS accounts as part of the Balance sheet Substantiation process.
 
Required Skills to be successful:
Principal and customer negotiations
Stakeholder management
Strong understanding of P&L and Balance sheet
Commercial understanding (contracts and commercials)
Pricing of tenders / deals
 
About the Team:
You will be reporting to Finance Manager and work in busy environment. 
 
What equips you for the role:
Minumum 5 years experience in similar role
Bachelor degree in Finance & Accounting 
CA/ ACCA/ CMA/ Certified Accountant