Job Opportunity in UAE as a Management Accountant at Alfuttaim

Alfuttaim offers a job opportunity in UAE as a Management Accountant. You will provide analysis, and insight on the company’s past and future financial performance. You will also be responsible for the analysis and interpretation of financial trends requiring management’s attention and will independently generate models and analysis to support theories and ideas. You will assist in the analysis, formulation & data recommendation to management for decision making.

You will be responsible for:

• Business Analytics & Commercial Reviews.
• Originate and develop analyses to help executives better understand financial trends and financial opportunities (e.g., cost savings, business development, etc.). Leverage analyses to ensure that the company meets its financial expectations and make certain Leadership Team is fully aware of financial results.
• Manage meetings and relationships with the brands to ensure appropriate cost control, accurate forecasting, monitoring and controlling inventory levels V/s Plan and sales performance and insightful business understanding.
• Analyse industry trends and competitor strategies in order to identify and make recommendations on opportunities.
• Identify opportunities to automate reporting and analysis, where possible. Drive the development and implementation of tools that allow for increased, efficient analytical capabilities and that allow executives to understand key financial issues in a timely and effective manner.
• Strategic Planning.
• Work closely with the Leadership Team in formulating overall business strategies for the Watsons Division.
• Participate in business review meetings of the Watsons business.
• Engage with Business Management teams to monitor & achieve budget targets, Working Capital KPIs. Job includes but is not limited to Inventory Management, Receivable Management, Managing Capital employed.
• Evaluate the performance of new stores at periodical intervals against targets.
• New investments.
• Prepare financial feasibility studies including 10 years Business Plans and Returns Analysis for new stores, new brands being acquired and closure of stores/brands. This involves preparing projected financials driven by realistic key assumptions like PSF sales, growth rates, PSF Rentals and escalations among others.
• Present the Business Case progressively to the various levels of Management and seek their approval for the Investment amount.
• Ensuring adequacy of funding versus approved plan. Periodic reviews of performance versus approved plan. Suggesting corrective action where required. With the Head of Finance champion strategic projects that will improve organisational efficiency and remedy causes of financial and operational inefficiency.
• Establish effective communication channels with the Retail HO and Group Finance management. Review existing reporting protocols in management, finance, purchasing, marketing and human resources. 

You must have:

• Degree would be advantageous. Knowledge of SAP is essential.

Minimum Experience and Knowledge: 

• From 5 to 6 years in a Finance or Commercial position large retail group experience.                                 

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

• Strategic planning and analytical skills.
• Influencing and negotiating skills.
• Strong computer literacy.

Behavioral Competencies:

• Strong communication skills, decision making, leadership and a strategic thinker.
• A high degree of accuracy.

 About Al-Futtaim:

Al-Futtaim’s family business traces its origins back to the 1930s on the banks of the Dubai Creek, a trailblazer for innovative trading concepts designed to enrich lifestyles. Today, Al-Futtaim is present in 29 countries, represents over 200 companies spanning the automotive, finance, retail, and real estate industries, and it is now 42,000 people strong. Currently spanning the automotive, finance, retail, and real estate industries, Al-Futtaim’s diverse and far-reaching portfolio of brands and companies are ever-present in people’s lives, from the shores of Singapore to the sands of the UAE.

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