Finance Business Partner Al Futtaim Automotive Finance📣 Job Ad

About the Finance Business Partner Role

Al-Futtaim is seeking a Finance Business Partner to join its team in Riyadh, Saudi Arabia. This full-time position is central to optimizing logistics costs and enabling financing solutions to drive profitable growth. The role involves performing monthly account closures in line with Group policies, implementing best practice reporting and controls, and serving as a key finance partner to the business. The Finance Business Partner will support business management with insights, trend analysis, and actionable recommendations, while ensuring strong control and compliance frameworks are maintained.

Core Responsibilities

• 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 business management development through monthly reviews and the recommendation of improvement initiatives.
• Support business performance management by providing monthly financial reviews, 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 studies for optimal ordering.

Financial Operations and Treasury Support

• 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.

Financing and Regulatory Compliance

• Partner with the business to structure and formalize customer financing solutions, including the 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.

Qualifications and Experience

The ideal candidate will possess 5 to 10 years of relevant experience in finance, with a proven track record in financial reporting, cost management, cash flow optimization, and stakeholder engagement. Success in this role is measured by the accuracy and timeliness of financial reporting, achieved cost savings, effective cash flow management, and high stakeholder satisfaction. The role requires strong collaboration skills to work effectively with both local and group-level financial teams.

Application Information

Candidates who meet the outlined qualifications and are prepared to contribute to a dynamic financial environment are encouraged to apply.