Al Futtaim Jobs - Finance Manager | Toys 'R' Us | Dubai (Dubai, AE)

Job Requisition ID: 102321 

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:

 

Reporting to the GM of Toys ‘R’ Us, the Finance Manager is responsible for the BU’s finance function to plan.  The Finance Manager will provide / escalate required financial / management information and analysis to the GM Toys so that proactive and prudent business decisions can be implemented.

 

The Finance Manager shall ensure that financial transactions are recorded appropriately and required financial / commercial information and analysis are provided to relevant stakeholders within timelines.

With overall responsibility of the BU’s finance function, the Finance Manager is also responsible for coordinating and preparing the strategic plan, budget, forecasts, internal / external audit and compliance engagements.  S/He shall support the business to drive revenue and margin improvement and cost control to deliver business results and return on investment, while ensuring efficient working capital management.

 

Financial Dimensions:  

+24 Retail stores + 3 Digital stores

+AED 200M sales

+6 countries

 

KEY ROLE SPECIFIC ACCOUNTABILITIES

 

Financial Management, Accounting & Reporting

• The job holder exercises effective controls and ensures that the company's financial accounting function operates to the highest standard, complying with Al Futtaim’s finance policies and IFRS
• He/she is responsible for the timely completion of the management reports and audit of annual accounts for the brand and will be a key point of contact for the internal auditors
• Establish regular review process of working capital and lead the business in managing its working capital
• Delivery of MIS Reports as per Brand, Retail Corporate and AF Group Formats on time
• Provide variance analysis with commercial interpretation and areas of focus to the GM.  Threats, risk areas and opportunities are raised to the GM on timely manner
• Timely updates to the GM on areas of risk arising from working capital
• External reporting requirements (e.g. tenant sales to landlords) are submitted on time
• Annual audit and financial statements completed on time, compliant to IFRS and AF finance policies

 

Business Plan, Expansion and Long Term Plan

• The job holder supports the GM in leading the preparation and submission of Annual Business Plan including periodic business reviews as per group guidelines and set business objectives
• The job holder delivers the new store feasibilities and supports the GM in presentation to the investment committee

 

• Leads the long-term planning (3-5 year plan) process and supports the GM with preparation and presentation of the long term plan     
• Delivery of Long term and Annual Business Plan/ Periodic reviews and KPIs as per Retail and Group Formats on time
• Obtaining necessary approvals in a timely manner new investment opportunities 

 

Treasury

• Support Retail Treasury team with monthly cash flow forecasts
• Monitors capital requirements, ensuring that Retail Treasury are kept informed 
• Forecasts and other information requests are provided to Retail Treasury on timely basis

 

People

• Lead, develop and engage finance team toward AF Group and Brand goals
• Set up succession for Finance team to sustain continuity and development           
• Succession plans in place
• Talent reviews and performance appraisals are completed on time

Principal reporting compliance

• The job holder is responsible to ensure that any reporting requirements are met on time
• Reporting requirements to the principal are met within contractual timeframes

 

PERSON SPECIFIC:

 

Education:

Bachelor degree

Related post graduate qualification – CPA, CA, CIMA etc

 

Minimum Experience and Knowledge: 

• 8 – 10 years’ experience working in a similar role
• SAP experience preferred
• Planning, organizing, responsible, analytical mind, lateral thinking & good management skills - must have a "feel" for figures in business environment (preferably retail)

 

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

• Outstanding stakeholder engagement and management skills
• Ability to think holistically and understand the impact of financial transactions on the overall business and shareholder value
• Ability to approach problem solving with simplicity and logic, and to present solutions to financial matters to non-finance professionals
• Ability to manage time appropriately whilst working under pressure without losing control over tasks assigned
• Excellent communication skills, both written and verbal
• Proven skills in change management
• Advanced MS-Excel and MS-PowerPoint skills
• Analytical, modelling, communication, problem solving and presentation skills
• Proven ability to lead multicultural teams

 

 

 

 

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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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