Management Accountant | Al Futtaim

A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Management Accountant”.

Company Name Al Futtaim
Qualification Bachelors Degree | Masters DegreeĀ 
Experience 5 – 6 years of Relevant Experience Required
Monthly Salary 8,000 AED ā€“ 10,000 AEDĀ 
Employment Type Full Time | Permanent
Company Size 50-100 Employees
Benefits Medical InsuranceĀ 
Location Dubai

Job Requisition ID:Ā 122103

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives . Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. Youā€™ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

Come join us to live well, work better, and be the best.

About The Role

The job holder will provide analysis, and insight on the companyā€™s past and future financial performance. This position will also be responsible for the analysis and interpretation of financial trends requiring managementā€™s attention and will independently generate models and analysis to support theories and ideas. The job holder needs to assist in the analysis, formulation & data recommendation to management for decision making and presentation to the Leadership Team. There will be specific focus on highlighting areas of opportunity and risk with specific reference to the various expanding and complex geographies in which the business operates. The job holder may be required to undertake projects to improve the efficiency and productivity of the finance department.

Key Role Specific Accountabilities

Business Analytics & Commercial Reviews

Originate and develop analyses to help executives better understand financial trends and financial opportunities (e.g., cost savings, business development, etc.). Leverage analyses to ensure that the company meets its financial expectations and make certain Leadership Team is fully aware of financial results.

Manage meetings and relationships with the brands to ensure appropriate cost control, accurate forecasting, monitoring and controlling inventory levels V/s Plan and sales performance and insightful business understanding.

Analyse industry trends and competitor strategies in order to identify and make recommendations on opportunities.

Identify opportunities to automate reporting and analysis, where possible. Drive the development and implementation of tools that allow for increased, efficient analytical capabilities and that allow executives to understand key financial issues in a timely and effective manner.

Strategic Planning

Work closely with the Leadership Team in formulating overall business strategies for the Watsons Division.

Assist in the development of the key assumptions and drivers for the 3- and 5-years plan, including developing the appropriate models and working with executives to reflect business trends in the financial plans.

Participate in business review meetings of the Watsons business

Active involvement in the management of key aspects of commercial arrangements with franchisors and vendors.

Commercial Finance

Engage with Business Management teams to monitor & achieve budget targets, Working Capital KPIs. Job includes but is not limited to Inventory Management, Receivable Management, Managing Capital employed.

Assist with planning, forecasting, and ad hoc analyses as required for various internal and external customers.

Evaluate the performance of new stores at periodical intervals against targets.

Loss making Store Analysis

Drive in-depth business analytics – Develop flexible reports and dashboards to perform financial analysis at individual store level to understand and highlight the issues a store might be facing.

Focus on financials of cash-loss making stores to identify and highlight the root causes of the problems using tools and approaches like CTS Ratios, Trend Analysis, Productivity metrics, Sensitivity Analysis, Markdown analysis, Returns on Investment and Market analysis.

These analyses would support the Sr. Management in taking corrective actions and decisions for mitigating losses being incurred by the stores.

New Investments

Prepare financial feasibility studies including 10 years Business Plans and Returns Analysis for new stores, new brands being acquired and closure of stores/brands. This involves preparing projected financials driven by realistic key assumptions like PSF sales, growth rates, PSF Rentals and escalations among others.

The activity involves cross-functional conversations and meetings at several levels including Retail HO Finance/Leasing/Store Dev., Group Finance and Investment Committee depending on the amount and nature of investment.

The objective of the activity is to present the Business Case progressively to the various levels of Management and seek their approval for the Investment amount.

Project Management

Ensuring adequacy of funding versus approved plan. Periodic reviews of performance versus approved plan. Suggesting corrective action where required. With the Head of Finance champion strategic projects that will improve organisational efficiency and remedy causes of financial and operational inefficiency.

Communication

Establish effective communication channels with the Retail HO and Group Finance management. Review existing reporting protocols in management, finance, purchasing, marketing and human resources.

Appropriate interactions with project stakeholders and process owners. Develop strong collaborative relationship with & ensure key Stake-holders for projects are identified and engaged.

Education

About You

Degree would be advantageous . Knowledge of SAP is essential.

Minimum Experience And Knowledge

5-6 years in a Finance or Commercial position large retail group experience

Job-Specific/Technical Skills Required To Complete The Tasks

Strategic planning and analytical skills. Influencing and negotiating skills. Strong computer literacy.

Behavioural Competencies

Strong communication skills, decision making, leadership and a strategic thinker. Ability to lead, develop and motivate. A high degree of accuracy is essential.

Weā€™re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Apply Now: [email protected]

Accounting & Finance