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Finance Manager - B&Q - Al Futtaim Retail - Riyadh, KSA Job in Saudi Arabia
Al Futtaim Private Company LLC , Saudi Arabia

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2 Years
0 - 0 USD
Job Type
Job Shift
Job Category
Requires Traveling
Career Level
As Described in Job Ad
Total Vacancies
1 Job
Posted on
Apr 12, 2021
Last Date
Jul 12, 2021

Job Description

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.

Finance Manager – Saudi National | AlFuttaim Retail | Riyadh KSA

About the role:

The Finance Manager is responsible for working closely with Head of Brands in maximising profit, cost control, driving KPI’s and optimum working capital for smooth running of the business.

He is actively involved with the Head of Finance to work on controlling the accounting principles & entries, creating financial statements, making the system reconciliations (SAP/ BPC/ Financial models) , managing the relations with internal/ external audit and group finance and reporting monthly reports to group and retail finance with the support of his team.

Key Responsibilities:

Financial Controlling

Financial Asset Management to maximise returns

Balance sheet review with controlling team

Vendor Management

Tax returns and compliance

Intercompany and Intra Company management

Managing working capital and Full control over cash flow

Risk Management – Assessing operations and observed the financial risk

Insurance policies renewal and updates

Giving guidance or financial decision by monitoring policies and procedures

MM Module landed factors control

Capex Management for new stores and refurbishment

Impairment assessment with Central Finance team

Reporting and Budgeting

Full involvement in the Budget & Strat plan process supporting Head of Finance in planning targets

Preparing Balance sheets and cash flow

Controlling BPC and SAP uploads and reconciliations

Managing IAN’s for balance sheet exposures and write offs.

Support Anaplan implementation

Involvement in MBR and all other reports

Audits and SAP

Point of contact for internal and external audit

Coordinating with all AlFuttaim group internal Audit

Coordinating external audits for the brand

Conducting timely audits by internal resource to check and ensure non store process compliance and ensure non store company risk

Tax Compliance

Having Control on business functions and business support

Ensure that the finance department delivers timely and qualitative information to all departments in all aspects of the business

Partnering commercial team for vendor rebate management

Preparation of Direct cash flow

Coordinate with retail treasury team on funding requirements

Manage relation with Rebex treasury, Country SSF and Central APSSC

Work closely with Brand P&C and central P&C to ensure implantation of effective processes in the business.

Project Analysis and expansion

Supporting all feasibility analyses for new investments – preparing long term P&L, BS & CF with NPV, IRR analytics.

Maintain closing balance sheet controls, in coordination with real teams.

Job Specification

About the person:

Bachelor Degree of Finance or Business Administration

8-10 Years’ experience in finance function, preferably retail sector

Having a business acumen and leadership skills, knowledge of accounting principles, and SAP/ BPC.

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.

Al Futtaim Private Company LLC

Consumer Goods - Dubai, United Arab Emirates