Al Futtaim Jobs - Financial Analyst | ACE Hardware | Dubai (Dubai, AE)

Job Requisition ID: 43046 

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.

 

 

ROLE PURPOSE:

The Financial Analyst is responsible for working closely with Head of finance maximising profit, cost control, driving KPIs and ensuring optimum working capital for smooth running of the business

She/he is actively involved with the Head of finance to work on annual business plan and 5 year plan to drive growth and expansion of the business in existing and new territories.

KEY ROLE SPECIFIC ACCOUNTABILITIES:

Description of the Accountability

Financial Accounting

• Having a good knowledge of ERP / SAP systems and accounting principles , good understanding of P&L , Balance sheet & Cash flow.
• Prepare Brand Financials on monthly and yearly.
• Ensuring operations within AF group Policies
• Strategic business planning support for existing operations
• Support stores to achieve their annual targets
• Coordinate with departments to make action plans to maximize returns
• G/L scrutiny and accounts reconciliation

MIS and Reporting

• Provide timely sales information to Management to actively work towards achieving revenue targets
• Provide timely and accurate monthly financial statements to management to work towards achieving annual profit targets
• Produce KPI reports for managing and controlling business performance

Budget , Quarterly Reviews & 5 year plans

• Assist HOD Leading budgeting process in brand
• Coordination with departments in communicating key business strategy for budgeting
• Ensuring the brand teams in each departments understand and plan key components of budget process

Internal Controls and Policies

• Working with compliance team to ensure implementation of finance related SOPs
• Creating Logistic & Inventory management policies with Supply Chain team to create control in place.

Working capital management

• Working with inventory &  logistics department to maintain targeted inventory levels in business
• Coordinate with the buying team to improve vendor commercial terms related to payment, faulty goods allowance.

Profit protection plan

• Assist HOD to ensure funds for project in coordination with Retail Finance
• Working with operations head to control store expenses & capex spent.
• Working in collaboration with other functions to control expense.

Audits and SOP’s

• Coordinating all Al Futtaim group Internal Audit
• Coordinating external audits for the brand
• Conducting timely audits by internal resource to check and ensure non store process compliance and minimizing company risk.

Business partnering

• Ensure that the finance department delivers timely and qualitative information to all departments on all aspects of the business
• Partnering commercial team for vendor rebate management & producing margin analytics
• Pre & post promo analytics
• Marketing expense controlling Warehousing and Distribution cost controlling and partnering the team for their understanding

Project Analysis and expansion

• Managing all feasibility analyses for new investments – preparing long term P&L , BS & CF with NPV , IRR analytics.
• Timely and accurate reporting of pre-opening and CAPEX spends for project
• Assist HOD and work with compliance team to ensure implementation of finance related SOPs

People & Leadership

• Assist HOD in training of new staff in new territories for finance functions
• Assist HOD for succession of Finance team to sustain continuity and development

 

 

 

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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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