Job description / Role
Accounts Manager - Finance - Kuwait
Role Profile:
Lead a team to plan, implement, coordinate and manage the various Financial functions for the assigned remit
The below Key Performance Areas include but are not limited to:
Review process and suggest / implement changes.
- Ensure company operates in accordance to all local country law requirements and with international accounting standards.
- Ensure compliance with financial regulations and requirements of applicable country commercial, customs and tax laws, and with international accounting standards. Monitor the Company's accounting policies and procedures, and manage accounting processes and controls.
- Identify key financial components of assigned brand contracts. Monitor and advise brand management on fees, payment schedules and reporting requirements, to optimize franchise relationship. Assess impact of changes/application of legal/financial framework on accounting processes.
- Decide fitness for purpose of policies and procedures, and recommends changes/process re-design
Ensure transparent communication to/from business divisions and deliver financial objectives.
- Co-ordinate all financial activities within assigned country/countries and brand accounts.
- Develop channels for information flows, ensure understanding of contractual and statutory requirements, constraints and regulations, and build appropriate relationships within and outside the Business.
- Propose solutions/practical changes in operation of financial systems.
- Identify key relationships and best strategies to nurture/maintain them to the advantage of the Business.
Review and report on business critical information and make/recommend corrective action to internal partners.
- Alert Operational, Brand and Finance Management to under- or over-performance.
- Develop options for corrective action. Work with involved management to revise overall brand account servicing strategies, and/or to implement tactical financial solutions to maximise profitability. Decide range of financial corrective actions required.
- Reach agreement with involved managers on overall strategy / immediate actions to return profitability/brand account to acceptable/planned performance.
Review, evaluate, and implement changes to policies and procedures and processes to benefit the Business.
- Develop and analyse business costing structure (variance, actual versus standard / brand or store trends / expenditure patterns / stock take results, etc.), and continuously monitors these against the approved Business Plan. Decide whether corrective action is required and should be reported on with specific recommendations.
Requirements
Knowledge:
- Retail Business operations
- Financial, Commercial & Islamic regulation
- Automated Business systems
- Degree in Finance and Professional Accounting Qualification
Experience:
- 5-7 years experience in medium to large FMCG/Retail multinational enterprise operating within the Gulf.
Additional role requirements and skills:
- Able to handle the complete accounting of an entity independently.
- Finalization of accounting for monthly, annual closing and audit.
- Thorough knowledge of accounting standards and practices.
- Ensure accounting transactions in accordance with company's Chart of Accounts.
- Ensure correct application of company policy and procedures.
- Ensure company operates in accordance to all local country law requirements and with international accounting standards.
- Co-ordinate all financial activities within assigned country/countries and brand accounts.
- Able to meet strict deadlines.
- Able to manage the annual audit and finalization of audit within deadlines.
- Good understanding of tax norms and ensure to meet tax deadlines.
About the Company
As a leading international franchise operator, with nearly 90 of the world’s most recognised brands in its portfolio, Alshaya Group brings great shopping, dining, leisure and hospitality experiences to millions of customers across the Middle East & North Africa, Russia, Turkey, Europe and beyond.
Alshaya Group is a dynamic multinational business and family owned enterprise with a consistent record of growth and innovation. For 35 years, Alshaya has been a pioneering force in brand franchising, using its exceptional knowledge and experience to expand at pace.
Our portfolio of well-loved international brands includes Starbucks, H&M, Mothercare, Debenhams, American Eagle Outfitters, P.F. Chang’s, The Cheesecake Factory, The Body Shop, M.A.C, Victoria’s Secret, Boots, Pottery Barn, KidZania and, coming soon, Hampton by Hilton.
From one retail franchise store opened in Kuwait in 1983, Alshaya Group has consistently grown and diversified and today offers customers an unparalleled choice of brands across multiple sectors; Fashion & Footwear, Health & Beauty, Food, Optics, Pharmacy, Home Furnishings, Leisure & Entertainment, and Hotels. A diverse, skilled team of 53,000 people from 120 nationalities support more than 4,000 stores, cafes, restaurants and leisure destinations, a growing online business and a commitment to delivering great customer experiences.