Finance Director

Job description / Role

Finance Director - Fashion Retail

Our client is well funded and fast growing retail company representing some of the most popular, developing and diverse brands within fashion and retail and hospitality. They are an expanding and developing company moving into new areas.

Reporting to Group CFO, the Finance Director will provide sound and reliable financial and commercial perspective in a period of rapid business growth and be in charge of financial management & accounting, commercial management, treasury management, MIS & budgets, financial risk management, business expansion and system development

KEY RESPONSIBILITIES:
- Develop Financial strategies, policies, plans, systems and procedures in order to ensure the sound Financial Management of the Group
- Direct the timely and accurate preparation of Financial and Management Accounts in accord with international accounting standards, group financial policies and statutory requirements of the country of operation
- Lead the periodic review and realignment of commercial practices in order to secure the best commercial advantage for the Group
- Analyse all contractual terms and participates in commercial negotiations in order to secure the best commercial terms for the business in the interests of the Group
- Ensure the acquisition of funds from banks and financial institutions and the optimum utilisation of funds across all Strategic Business Units
- Ensure all finance facilities (letters of credit, bank guarantees, credit lines, etc.) are negotiated on terms that secure the Companys best interests at the lowest risk
- Direct the preparation and presentation of the annual budgeting process and review in accord with the Group policy, guidelines and schedules
- Ensure the timely preparation and development of relevant business information to provide management with the tools for decision making
- Identify and review key business risks and develop strategies to minimise financial risks and losses to the SBU by developing and implementing operational procedures to ensure assets and capital are secure
- Provide the financial and commercial perspective in the development of business strategies for the Fashion Retail Business and review of financial investment proposals for the expansion of existing businesses and growth of new businesses
- Direct and ensure that the IT and systems needs of the Finance Department are identified and timely and effectively met through the development of appropriate systems with the support of the IT department and software providers to address the business needs
- Ensure the effective achievement of Finance Department functional objectives through the leadership of the Finance staff in order to maximise subordinate and departmental performance
- Ensure that the Finance Structure across the Business is staffed with appropriate calibre professionals and motivate, train and develop them to perform their tasks as specified in their job descriptions

Requirements

- Professional qualification in Accounting (e.g. CA, CPA, ICMA etc)
- 10 + years experience in a Senior Finance positions, ideally in GCC region but not mandatory
- Experience within retail, luxury fashion, hospitality industries preferred
- Experience in business processes and commercial management
- Knowledge of International Standards

About the Company

Yeomans Executive DMCC is a boutique Global Executive search firm, based in the Middle East, sourcing globally for our locally based clientele. We have built our business and reputation through deep long term relationships with our clients.

We are renowned for successfully challenging traditional search firm models through being easier to deal with, highly innovative and consistently more efficient in delivering outstanding candidates for critical senior roles.