Commercial Finance Manager (Corporate Finance)

Job description / Role

Who we are

We are a leading partner for luxury across the Middle East. With more than 600 stores, 300 brands and over 65 years of experience in the region, we have become a major player in the beauty, fashion and gift sectors, by offering service excellence to our partners and delighting all our customers. We are moving fast from a traditional distributor and retailer for luxury in the Middle East, to a hybrid retailer bringing luxury experiences to the fingertips of customers everywhere.

To fuel the next stage of our growth we are looking to build a world class team. From physical retail through to supply chain and customer loyalty, we aim to use technology and data to continuously improve every aspect of our operations. We are looking for top talent to join us on this journey of exploring new horizons together.

What you'll be doing

Chalhoub is the leading partner for luxury in the Middle East. The group is looking to reinforce the Finance Team of its Strategy, Growth, Innovation & Investments team in Dubai. The division is responsible to drive sustainable and profitable long-term growth, with a valuation mindset. The team pursues this by:

- Accelerating investments in new business models and technology-enabled solutions
- Investing in globally positioned or regionally relevant products, brands, or designers in the luxury fashion and beauty categories
- Expanding into new and existing territories through partners with strong track records and leading local expertise where the Group brand relationships, resources, and industry expertise can build significant and sustainable platforms for growth.
- Actively managing legacy investment portfolio to create value, unlocking synergies leveraging our group ecosystem, and ultimately deliver successful consolidation or exit with maximum returns.
- Developing extension opportunities and new partnerships beyond the core categories

Tasks:

- Growth; Mergers, Acquisitions & New Ventures:
- Capable of developing complex financial models and sensitivities to support Board decision making and make an appropriate valuation of several scenarios.
- Co-lead the relationship with Consulting Firms; due diligence plans for new investments
- Turnaround/Repositioning Project Management:
- Develop value creation plans for each of the Operations finding profit improvement Opportunities.
- Financial Analysis and Benchmarking:
- Deploy Cost Structure in depth review for each Operation and benchmark against best practices in retail & distribution.
- Full in-depth Payroll (together with the Infrastructure Head) & Overhead's review (Rentals, legal contracts, office expenses, logistic contracts, warehouses, etc.)

Planning, Forecasting & Budgeting:
- Develop & Consolidate Financial Statement's Budget (P&L, Balance Sheet & Cash Flow)
- Track performance in the Monthly Business Review (Including P&L performance, DSO Receivables, Stock aging, receivables, productivity KPI's)

Financial Reporting:
- Support the development of Investments P&L's and monthly cash flows. (EBITDA by brand, working capital requirements, equity injections, interest's payments, dividends proceeding, tax payments, Capital & Interest repayments & capex requirements.
- Be able to automate dashboard on financial performance in Looker/ Power BI

Negotiation & Decision-Making:
- Support Financial Analysis, Pricing Analysis, and contractual negotiations with key Brands.

Governance:
- Be able to lead the relationship with portfolio company Auditors and ensure a high level of compliance

Team Coordination & Knowledge Sharing:
- Team Management. Be a successful link between the companies in which Chalhoub had invested, coach & train their representatives (local partners, CFO's, FM, Commercial teams) & be a key communicator in the relationship with Chalhoub' top management (Growth Head; Chief Investment Officer; President Strategy, Growth & Investments).
- Educate local teams and share industry & Chalhoub 'S best practices to the local teams.

Requirements

What you'll need to succeed

- Financially Certified (ACCA, CPA, CFA).
- Masters in Finance or an MBA from a Top Tier International University would be a plus.
- ~10 years of Working Experience
- Highly analytical and detailed oriented
- Proven ability to work successfully in an ambiguous environment
- Capability to meet tight deadlines and prioritize workload
- Big Four Background in Transaction & Advisory Services, Investment Banking, Corporate Finance Experience in a Blue-Chip Multinational is a must.
- Strong Communication Skills. Experience with C- Level, Bankers, Consultants & Investors.

What we can offer you

With us, you will turn your aspirations into reality. We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.

We recognise the value that you bring, and we strive to provide a competitive benefits package which includes health care, child education contribution, remote and flexible working policies as well as exclusive employee discounts.

About the Company

The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.

By blending its Middle East expertise and intimate knowledge of luxury, Chalhoub Group is building brands in the region, by offering service excellence to all its partners and a unique experience to its customers through its passionate teams.

With a growing workforce of more than 9,000 people, implemented in 14 countries, as well as the operating of over 470 retail outlets, the group's success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Group's competitive edge in today's market.

By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.