Senior Financial Accountant | Al-Futtaim Automotive - BYD | KSA | Riyadh📣 Job Ad

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.