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Contract TypeContract TypeFull-time
Workplace typeWorkplace typeOn-site
LocationLocationRiyadh

About the Role

Al-Futtaim, a diversified regional business headquartered in Dubai, UAE, is seeking a Senior Financial Accountant to join its Al-Futtaim Automotive division, specifically supporting the BYD brand in Riyadh, Saudi Arabia. Established in the 1930s, Al-Futtaim operates across five divisions including automotive, financial services, real estate, retail, and healthcare, with a global presence. This role is integral to supporting financial planning, performance analysis, and commercial decision-making for dealership operations within the Kingdom of Saudi Arabia. The Senior Financial Accountant will collaborate with dealership leadership, FP&A teams, and Finance Business Partners to ensure accurate financial reporting, enhance profitability, strengthen working capital management, and support strategic business decisions across the retail network.

Key Responsibilities

  • Lead the annual budget process, rolling forecasts, and overall financial planning for dealership operations.
  • Analyze financial performance, identify variances, assess risks, and pinpoint opportunities for improvement.
  • Monitor sales performance, gross profit, margins, dealer incentives, and OEM rebate structures.
  • Track inventory levels, stock aging, turnover rates, and the impact of floor plan financing.
  • Support initiatives for working capital optimization and cost control across various departments.
  • Prepare weekly, monthly, and quarterly management reports and key performance indicator (KPI) dashboards.
  • Assist with month-end closing procedures, including reconciliations, accruals, and financial statement reviews.
  • Analyze the profitability and performance drivers for Aftersales, Parts, Service, and Finance & Insurance (F&I) departments.
  • Ensure compliance with OEM reporting requirements and internal finance policies.
  • Support audits, drive process improvements, and maintain the accuracy of finance systems, including Dealer Management Systems (DMS) and Enterprise Resource Planning (ERP) platforms.
  • Conduct ad-hoc financial analysis for new projects, pricing models, and strategic business cases.

Qualifications and Requirements

  • Bachelor's degree in Finance or Accounting.
  • 4 to 6 years of experience in Financial Accounting, Financial Planning & Analysis (FP&A), or Commercial Finance.
  • Strong knowledge of ERP systems such as SAP, Oracle, or equivalent.
  • Experience with Power BI for data analysis and visualization.
  • Strong financial analysis, forecasting, and modeling skills.
  • Solid understanding of dealership Profit & Loss (P&L) statements and retail KPIs.
  • Experience in analyzing F&I financial performance.
  • Excellent stakeholder management and business partnering capabilities.
  • Proficiency in reporting, presentation, and communication.
  • High attention to detail and a strong sense of ownership.
  • Ability to work effectively in a fast-paced environment.

Skills and Proficiencies

  • Financial analysis, forecasting, and modeling.
  • Understanding of dealership P&L and retail KPIs.
  • F&I financial performance analysis.
  • Stakeholder management and business partnering.
  • Reporting, presentation, and communication skills.
  • Attention to detail and ownership mindset.
  • Experience with SAP, Oracle, or equivalent ERP systems.
  • Proficiency in Power BI.

Additional Information

This is a full-time position based in Riyadh, Saudi Arabia. Preferred certifications include CMA (highly preferred), CPA, ACCA, or CA, as well as advanced Excel/Financial Modelling certification and Power BI or Tableau certification.


Requirements

  • Requires 5-10 Years experience

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