Business Finance Manager – Finance

Alshaya
Kuwait

Ref: GP435-2207
Alshaya

The Role


The Role


Finance
Our finance and treasury functions are operated to international standards, and are audited annually by globally renowned accounts and advisors. This helps to ensure that every element of our retail operation is of the highest calibre.
Strong financial resources, high standards of financial controls and management through a centralised financial department and detailed business planning that is carried out under the umbrella of a long term corporate plan.

The Role:
Reporting to the Senior Business Finance Manager, the Business Finance manager works in conjunction with the Business Director & Management Accountants to drive the annual Business Planning/ budgeting process. He/She ensures that the targets set within the Budgets are realistic, stretched, & reflect actual Business potentials.

The Business Finance Manager has to facilitate the development of a strategic Business Plan for the Division, which includes long-term developments, investments & projects envisaged in the next 3- 5 years. Monitor on-going performance to track & report achievements.

Highlight variances & advise the brand on various preventive measures & corrective actions & reinforcements, if required. Undertake decision-support analyses to facilitate various business decisions.

Responsibilities:
*Be the point of contact for the Financial performance of the Business segments

*Build qualified annual Business Plan based on detailed analysis of previous & forecasted business performance

*Work in conjunction with Business heads to build annual Business Plan based on previous, current & forecasted financial performance & market information

*Assess performance results for accuracy & use information to interpret & build models for future performance

*Identify critical success factors & the Key performance indicators for the business

*Provide financial & strategic advice to Senior Management

* Deliver feedback & coaching to the Division where necessary

*Report lagging & leading performance indicators to highlight performance issues & concerns for the Business Managers in order for them to act quickly & appropriately

*Drive corporate projects and initiatives towards business efficiencies

Requirements


Requirements


Skills and Experience:
*Degree with specialisation in Finance or Accounts

*Professional qualification like CFA,CA,CPA,MBA (specilization in Finance)mandatory

*Minimum 7 years Management accounting or Financial Analysis experience including recent managerial experience

*Retail and/or FMCG experience an advantage

*Commercial / analytical tools

*Excellent Communication & Presentation Skills

*Proficiency in Excel, PowerPoint and ERP systems like Oracle,SAP

About the Company


About the Company


M.H. Alshaya Co. is a leading international franchise operator for over 70 of the world’s most recognised retail brands including Starbucks, H&M, Mothercare, Debenhams, American Eagle Outfitters, P.F. Chang’s, The Cheesecake Factory, Victoria’s Secret, Boots, Pottery Barn and KidZania. The company operates over 2,600 stores across diverse customer sectors: Fashion & Footwear, Health & Beauty, Food, Optics, Pharmacy, Home Furnishings and Leisure & Entertainment.

Alshaya’s stores can be found in markets across the Middle East and North Africa, Russia, Turkey and Europe and the company employs more than 40,000 people from over 110 nationalities.

The company has established itself as the industry leader across these territories through a combination of local market understanding and a comprehensive commitment to customer service. Growth in each of its operating divisions and brands is supported by continuous investment in talent and infrastructure. It applies best practices in retail operations, merchandising, marketing, information technology, logistics, real estate, human resources and financial controls.

M.H. Alshaya Co. is the retail business of the Alshaya Group, which was founded in Kuwait in 1890 and today represents one of the most dynamic companies in the Middle East. In addition to its retail operations, the Alshaya Group is active in a number of other sectors including real estate, automotive, hotels, trading and investments.
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