UAE Advise

The BFL Group is one of the world’s leading off-price retailer of fashion and homeware. Based in United Arab Emirates, we serve over six markets across the Middle East and Europe.

Our journey started when our unique off-price business model – Brands for Less – was introduced to Lebanon in 1996. Four years later, in the year 2000, we had a home in the UAE.

Our goal is to delight customers and entice them back with the promise of exceptional pieces that excite – all at up to 80% off the original retail price for fashion designer brands. Our unique “Treasure Hunt” model ensures there is always something new to explore, desire and discover within our stores. Our customers walk out with new items every time they visit any of our stores.

As Brands For Less, driven by optimized rapid-purchase strategies, became a phenomenon across the Middle East, we expanded to engage new audiences. We acquired exclusive rights to the Tchibo franchise in the MENA region, selling the German brand’s homeware and apparel at very competitive prices associated with premium customer care environment. Our UAE presence evolved into our central operational hub from where we distribute rapidly to other markets.

While we are proud of the customer trust, support and loyalty we have achieved, we never take it for granted and are always looking at new ways to delight. We have launched our Toys For Less concept that extends our off-price retail model to toys, kids apparel and party costumes. We have also recently acquired franchise rights for Korean brand MUMUSO that we have taken to Lebanon, Malta and Spain. We have also acquired the franchise rights of the Spanish home concept brand Muy Mucho for UAE, KSA and Malta.

Location Jebel Ali/ UAE

Job Description

Role Purpose:

The Financial analyst is responsible for tracking a company’s financial performance against a plan, analyzing business performance and market conditions to create forecasts, as well as, helping the senior management make tactical and strategic decisions by providing periodic reports.

Responsibilities:

· Analyzing current and past financial data and performance.

· Preparing reports and projections based on analysis; as well as Monthly MIS (Financials), compute group VAT and prepare budget for the group.

· Evaluate current capital expenditures and depreciation; as well as, monitoring and managing the cash flow of the company in coordination with the senior and management.

· Prepare and conduct monthly ledger reconciliation according to internal and country labour law

· Establishing and evaluating profit plans and prepare schedules for B/s.

· Manage GL and implement new standards across the group.

· Work closely with the accounting team to ensure accurate financial reporting.

· Guide the cost analysis process by establishing and enforcing policies and procedures.

· Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials.

Qualifications:

· 4 to 5 years plus of business finance or other relevant experience.

· Bachelor’s degree in finance with a professional qualification (CPS, ACCA, CA)

· High proficiency in financial modeling techniques

· Strong fluency with Excel formulas and functions

· BA, BS, or B. Com degree required (Bachelor’s Degree in Accounting/Finance/Economics)

· Strong analytical and data gathering skills.

· Good business acumen.

Location Jebel Ali / UAE