Al Futtaim Jobs - Accounts Executive | Watsons | Dubai (Dubai, AE)

Job Requisition ID: 98723 

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, 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

• Principle financial reports - monthly, quarterly, royalty payment calculations
• Margin chargebacks – provisions for margin / monthly reconciliation
• Credit notes for promotions and other income
• Store Feasibility studies
• Brand P&L updates
• P&L store level, head office level and Ecom level management.
• Review of costs and expenses
• Reporting & analysis
• Reconciliation
• Setting up financial process across all markets (200 brands across 3 countries)

 

KEY ROLE SPECIFIC ACCOUNTABILITIES

Financial Planning & Analysis

• Develop routine and ad-hoc reports of Watsons to management that deliver visibility to financial results and trends.
• Analyze financial results, comparing actual and year-to-date performance with prior periods, forecasts, and plans.
• Interact with department managers, leasing & planning team and run simulations on various “what-if” scenarios using insight and critical thinking to evaluate and make recommendations about critical business decisions.
• Liaise with planning team to build and make recommendations on Open-to-buy (OTB) for Inventory optimization.    
• Accurate and timely delivery of periodical MIS reports

 

Monthly MIS & Reporting

• Prepare monthly and quarterly reporting deck of Watsons for senior management focusing on key performance indicators (KPI) and detailing financial performance relative to plan and suggest action plan for improvement.
• Work with Retail FP&A and Group Finance to ensure integrity in financial planning function and perform analytical analysis supporting executive management understanding of divisional performance.
• Regular operational and financial performance reports to relevant stakeholders.
• Enhance automation to improve efficiency          
• Accurate and timely delivery of periodical MIS reports

 

MIS Systems ownership (SAP, BPC, BIW, Tableau, Anaplan etc.)

• Collaborate with accounting team in month-end close, analyze and advise on monthly accruals and reclassifications in respective ERP.
• Prepare reports from SAP, BPC and circulate it to relevant stakeholders.
• ANAPLAN : The retail group has implemented a new software to automate the Financial Planning & Analysis function. The role holder has to independently handle the testing and usage of the tool to upload Budget, forecast and Strategic Plan for Watsons

 

Budgeting Forecasting & Strategic Plan

• Liaise with depts, operations, planning to build brand and divisional budget, strategic plan and quarterly forecast with key assumptions and action plan to deliver.
• Prepare and manage presentations with Retail and Group Leadership.    
• Investment Committee & Feasibility Analytics
• Prepare feasibility studies for new projects and determine NPV and payback periods.
• Build business case models for group investments and create and submit IANs for group approval
• Prepare IANs for store lease renewals and closure.          
• Accurate and timely submission of IANs in the system

 

Cashflow management  - Group Treasury

• Collaborate with group treasury to manage cash flow requirements of Watsons
• Provide relevant data to Group Treasury on currency hedging requirements.       
• Accurate and timely data consolidation and submission

 

PERSON SPECIFIC:

 

Education:

• Chartered Accountant / CPA / MBA FINANCE

 

Minimum Experience and Knowledge: 

• 5 Years in Financial Planning & Analysis

 

Job-Specific/Technical Skills required to complete the tasks:

• Highly Analytical
• Strong Presentation, listening, verbal and written communication skills
• Assist in decision-making, suggest/feedback to the line manager
• Lots of co-ordination required with different brands on operational issues
• Reliable, able to work under pressure with tight timelines
• High level of accuracy required

 

 

 

 

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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