Overview

Overview Of The Role

Ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports.

What You Will Do

General Ledger (G/L) Scrutiny

  • Constantly monitor and maintain the book of accounts (G/L, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports
  • G/L schedules – scrutinize and prepare G/L schedules for review by line manager
  • Reconciling various GL accounts and prepare schedules.

MIS

  • Reporting: prepare various reports for all stores (sales, performance, FLASH, management meeting pack, etc.) and submit to management for review & action
  • Month end BPC upload
  • Prepare IKEA Specific weekly & monthly reports.

Monthly closure of books

  • Reviewing expenses accounts for the month and passing necessary accrual entries and maintaining accrual schedules.

Inventory

  • Reconciliation of inventory entries between Navision & SAP
  • Monitoring of Costing Load Factor of both Store & IFB
  • Stock provision analysis on monthly basis in line with the financial policy

Capex

  • A Point of contact for stores for Maintenance requisition/contracts and capital expenditure requisitions approvals and forward the same to stores after obtaining necessary approvals at service office.
  • Updating capital expenditure cost by project and keeping track of payments
  • Pre-opening cost track sheet to be maintained & monthly updated reports to be forwarded to the concerned Project Head.

Budgeting

  • Support the finance manager in building up the budget and secure that the annual goal-setting process is working
  • Supporting the business goal-setting process that leads up to the defined budgets for each department
  • Support departments understanding of budgeting process and how it influences the motivation in the organization
  • Responsible for monitoring departmentā€™s budget and expenses and flagging to the Finance manager any discrepancies
  • Budget uploads in BPC & SAP

Regional Support

  • Support with the Regional Expansion Plans whenever necessary including planning and pre-opening phases
  • Support with improving current ways of working and business practices

Required Skills: Required Skills to be successful

  • Exceptional creativity and innovative design skills
  • Excellent communication and presentation skills
  • Organizational and time-management skills for meeting deadlines in a fast-paced environment

Role: What equips you for the role

  • A Bachelorā€™s Degree minimum required
  • Must have at least 1 yearsā€™ experience in a Finance function
  • A university degree in Business Administration or Finance or relevant job experience from several years in finance department in a large-scale retail operation
  • Desirable to have detailed know how of the IKEA Concept in order to implement the IKEA Concept
  • Excellent mathematical and numerical & analytical skills
  • Excellent Excel and Microsoft skills
  • Proactive approach to issues.

About Al Futtaim

Al-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencerā€™s in both regions with over 75 stores offering both fashion & food options.