Financial Controller - Retail Divisional Office

Job description / Role

Financial Controller - Retail Divisional Office - Cairo, Egypt

Responsible for developing, maintaining and enhancing the companys 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 them
- Prepares 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 companys operational and financial performance

Requirements

- Bachelors 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
- 10 years of experience in a similar field

Behavioural Competencies:
- Strategic Thinking
- Driving and Achieving results
- Decision Making
- Analytical Thinking
- Attention to details
- Commercial Understanding

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.