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.