RetailThe foundation of Al-Futtaim’s retail network was established in the early 1990s with the launch of the internationally renowned and popular IKEA, Marks & Spencer, Toys R Us and ACE franchises in the UAE. Representing some of the world’s most popular international brands, Al-Futtaim’s retail network extends throughout the UAE, GCC and North Africa and has a significant presence in Singapore and Malaysia following the acquisition of The Robinson Group in 2008. In 2012, Al-Futtaim acquired a shareholding in Royal Sporting House, which is active in distribution, direct retail stores and shop-in-shops. The Singapore-based fashion, sports and lifestyle retail giant has 600 stores and many additional points of sale are spread around the world with over 399 in South East Asia, over 74 in the Middle East and over 126 in the South Pacific region. - 837 stores in 18 countries- Occupies 5.6 million sq. ft. of retail space- 13,000 employees - Serves 30 million customers each yearAbout the Job:
Responsible for developing, maintaining and enhancing the company's budgeting, financial planning, control, accounting and reporting policies and practices.
* Control and ensure funds are available to run the operations including proper cash flow management and forecast to be able to identify of time the financial by amount and by type.
* Oversee the production of key financial statements and coordinate completion of internal and annual statutory audits as per agreed schedules, in order to ensure company compliance with statutory reporting requirements and obligations
* Ensure compliance of the company with the tax regulations and laws affecting the business and consult with tax Advisors, preferably the assigned auditor, in order to be up to date with newly published laws
* Review hedging activities as communicated by the Treasurer on a necessity basis, update and maintain currency needs by monitoring the Purchase Orders placed by the Brand Managers and cover outstanding currency exposure if any
* Ensure that payments and other accounting/finance procedures are performed in compliance with Agreements
* Maintain effective relationships with suppliers and Banks, and ensure compliance with the Agreements signed with themPrepares the annual budget, projects feasibilities and business plan of the company
* Recruit, train, motivate and evaluate his/her team to ensure that the department has the necessary skill base and that staff are motivated and enabled to maximize their potential and contribution to the company
* Define, develop and implement Finance/Accounting plans, policies and procedures in line with corporate Finance strategy and perform cost benefit analysis related to projects / programs
* Secure adequate financing from financial institutions, review competitiveness of financial costs, negotiate terms to reduce costs and permanently look for ways to enhance the company's operational and financial performance
About You:
Minimum Qualifications and Knowledge:
* Bachelor's Degree in Business Administration with emphasis on Accounting or Finance;
* Postgraduate Studies is a must ( MBA, CMA, CPA, CIA, …)
* Proficiency in MS Office
* Fluency in English
Minimum Experience:
* 10 years of experience in a similar field
Job-Specific Skills:
Behavioural Competencies :
Strategic Thinking
Driving and Achieving results
Decision Making
Analytical Thinking
Attention to details
Commercial Understanding
Job Details
Date Posted: | 2015-06-11 |
Job Location: | Egypt |
Job Role: | Accounting/Banking/Finance |
Company Industry: | Retail/Wholesale |
Preferred Candidate
Career Level: | Management |
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