Finance Manager - Retail

Job description / Role

Salary: AED 27,000 - 30,000

We are working alongside a major retailer in the UAE to source a Finance Manager for their group. The main purpose of the position will be to Participate in the development of the Finance strategy for the company, ensuring that the strategy is in line with the Groups overall strategic direction.

Duties include:
- Provide input on the companys budget and control expenses of the function, ensuring it stays within its operating budget.
- Manage the timely preparation of the financial budget for the company in line with requirements, working in coordination with Group Corporate Finance.
- Ensure effective implementation and enforcement of the approved budget; monitor and report on budget variance and identify key issues and potential corrective action.
- Provide key financial information within established timelines to the Finance Director in areas such as operating results and budget versus actual and report any issues with respect to planning and budgeting to the Finance Director.
- Ensure timely preparation and communication of periodic financial reports to Group Corporate Finance based on the guidelines defined.
- Manage financial reporting processes, monitor progress against budget and carry out periodic reviews, performance and valuation of assets and report findings to the Finance Director.
- Work with Group IT to ensure the overall accuracy, completeness, timeliness and usability of system generated financial data.
- Monitor the ongoing financial performance of the company and provide continued visibility to management.
- Monitor the day-to-day cash needs for the company and develop comprehensive treasury management strategies and cash reporting mechanisms (including daily and cash in transit reporting) to ensure adequate liquidity.
- Ensure the implementation and enforcement of the established financial strategy as well as the financial policies and procedures and systems, identifying opportunities for continuous improvement.
- Design and maintain an effective control environment over all key financial processes including accounts receivable and accounts payables as well as accounting and reporting.
- Manage the external audit process including preparation of year end and interim financial statements to be produced in line with the group and up to date IFRS guidelines.
- Provide financial and commercial analysis for business development opportunities and other ad hoc projects, including NPV and IRR calculations to support the companys decision making processes.
- Contribute to the annual and quarterly objective setting process for the business and how the company measures its achievement level for these objectives.
- Provide leadership and direction to subordinates towards the achievement of goals and objectives.
- Guide and motivate subordinates to enhance performance and produce quality work, and ensure that they are continuously developed for higher level role.

Requirements

- Recognized professional qualification in Finance (CA, ACCA, CPA equivalent) with appropriately maintained Continuing Professional Development.
- Minimum 8 to 10 years experience, with at least 5 years experience in Finance Manager or Budgeting and Reporting Manager role within the retail industry.
- Should have a good understanding of various accounting aspects and international trends and standards and be a commercially minded person.
- Should have good analytical, numerical and research skills.
- Able to communicate effectively and have excellent negotiation and interpersonal skills.
- Should be able to lead, develop and motivate teams.

About the Company

Edge Resourcing was established in the United Arab Emirates in 2008. We have taken care in our growth and have kept our corporate values throughout.

Edge Resourcing is led by a specialist team of Recruitment Consultants, each of whom have experience of working in and a sound knowledge of the local market place. We have gradually expanded our horizons and now offer specialist services within the Middle East Retail sector. Our aim is to provide a thorough and honest service to both our candidates and clients, making sure that we only take on work which we feel we can service to the correct level of satisfaction required.

We currently offer professional and tailored contingency and retained search services to the following specialist sectors of the market: Retail Accountancy and Finance Office Support Human Resources Sales and Marketing Legal

Our aim is to continue to position ourselves in the market as one of the most consistent and successful suppliers of manpower. We strive to make things happen and make a difference to your business and career. Success isnt just about putting people into jobs, but about giving you an honest, personal service. Whether you are a client or a candidate, our aim is to find out exactly what it is that you are looking for, rather than push you to settle for your second choice.