Al Futtaim Jobs - Head of Finance - MENA | Marks & Spencer | Dubai (Dubai, AE)

Job Requisition ID: 49591 

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. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, 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 Head of Finance  is responsible for maximisation of shareholders wealth thru short term and long term growth plan and  maintain the financials  according to the IFRS

You will support the  GM and VP in setting  the business objectives and achieving the targeted profits . The job holder oversees all financial aspects of brand strategy and is responsible for the flow of financial  management information ,scoping   financials risks as well as  developing proposals on mitigation of financial risks, you will provide leadership and delivers a clear vision in managing the finance function, business planning , accounting and budgeting process of the brand.

 

Key Accountabilities:

Financial Management , Accounting & Reporting

With an overall appreciation of the accounting requirements, systems and procedures involved, the job holder exercises effective controls and ensures that the company's financial accounting function operates to the highest standard.  He/she is responsible for the timely completion of  the management reports  and audit of annual accounts for the brand.

 

Business Plan, Expansion and   Long Term Plan

Supports actively in the preparation and submission of Annual Business Plan including  periodic business reviews as per group guidelines and set business objectives, deliver the new store feasibilities including new country feasibilities, relocation, modernisation plans of M&S UK measuring on the viability based on RPF, IRR, Payback to AF Group and Principals. 

 

Commercial Management

You will review and analyse variance against budget and business objectives, provides commercial interpretation of financial data and where appropriate suggests and implements remedial action. Potential threats and opportunities are highlighted  in a timely manner, actively contributes in the formulation of company's commercial practice in increasing profit growth thru Sales, reduction of loss, increasing margin, reducing cost of reduction and other costs to the business.  

You should actively involve in highlighting the financial implications of proposal under consideration  e.g; New channel operation, new business models including additional /down sizing business.

 

Treasury and Risk Management

You will implement an effective system of fund management that ensures optimum utilisation  of the available funds and monitor the capital requirement including working capital particularly in relation to inventories and borrowings, manages the forex requirement and arranges on time to mitigate the risks

 

Store Administration and Internal Control

Keep internal controls under review and ensures that they are adapted that all transactions are properly validated and stock losses/thefts are at minimum. Reviews and identify key areas of business risk at the retail stores, manage the development and implementation of procedures which ensures the business assets  are safe guarded and protected with Insurance eg;cash,stocks & fixed assets

 

Supply Chain and Logistics

Constantly monitoring supply chain and logistics costs to the benefit of business and supports Managing Director on cost reduction initiatives on supply chain and logistics  process

 

You have to continually make critical strategic and tactical  decisions on maximizing opportunities for growth and risk management; to deal with unexpected trading situations (economical changes, effects on new pricing policies, fluctuations in currency and trading terms which affect profitability). You will need to act with a sense of urgency and alertness to developments in the different markets to ensure opportunities are addressed and risks are minimized. Clear financial direction to the management through analyzing sales, profit, gross margin, markdown, stock cover , operating and fixed expenses to  identify  and manage financial risks. You need to have a thorough and continual understanding of the different markets within franchise and of global/local economical and market trends ; and to ensure that local laws, regulations and culture are respected with regard to products, pricing, promotion policies and décor.

 

Minimum Qualifications and Knowledge: 

 

• Professional certified qualifications in Chartered Accountant, ACCA, ACMA or CPA
• Motivated and can deliver Financial Budget and Key Performance Indicators
• Deep understanding of financial acumen   
• Experience with, and passion for retail business
• Understanding of commercial and operational aspects of Retail Business

 

Minimum Experience: +14 years of experience of which 5 years should be at senior management level

 

You should possess strong Numeracy , Analytical Skills, Communication and Influencing, Sensitivity, Diplomacy ,Organization and Planning, Risk Management, Managing Ambiguity, Decision Making,  Collaboration  and Presentation Skills

 

 

 

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

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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