Financial Controller

Job description / Role

The Financial Controller - Store is responsible to establish a reliable financial reporting system which monitors the achievements of the store objectives and provides stakeholders in the store with relevant financial data for the decision making process in compliance with all internal guidelines and procedures. Based on sound analysis of the provided data the Financial Controller highlights risks and recommends solutions for improvement of the efficiency in order to achieve and excel agreed store targets.

- Be a role model and ensure the application of Majid Al Futtaim Retail corporate policies and guarantee the implementation of all laws , regulations and cultural practices of the operating countries are followed and respected.
- Responsible for the Performance Management of the team (this only applies when direct reports existing).
. setting particular objectives for the direct reports - once a year - which are in-line with the company and department targets
. carrying out performance analysis with regular feedback to direct reports and ensuring that this is further deployed within the team
. Identify employees with high potential, growth and proposes further development
. Identify and recommend training needs for the team/Store and follow up on the implementation (TNA)
. Develop and implement on the job-training for the team.
- Ensure that payroll is processed accurately and timely.
- Promotes and practises communication and participatory management within the team.
- Practices the company values and Guarantees the same is respected and followed by the department team members.
- Encourage initiatives and creativity within the team.
Ensure the results (financial reports, cash forecasts and accounting processes) are accurately and timely completed.
- Control the respect of budgets and forecasts and analyze variances.
- Perform monthly / yearly closings and ensure the preparation of statutory accounts (if applicable).
- Ensure implementation of auditors’ recommendations.
- Perform financial control tasks in the area of responsibility as and when required
- Respects the procedures in accordance with the DOA
- Ensures budget compliance and proposes corrective measures when necessary
- Monitoring the operational expenses and providing cost saving proposals to ensure the reduction of the overall operational costs

Requirements

- Bachelor of Finance, Business Administration or Commerce; MBA in the same field advantage
- Requires strong analytical and technical skills in financial analysis and reporting
- Requires good project management skills
- Sound knowledge of MS Office, particularly modeling in Excel
- Good presentation skills
- Knowledge of accounting concepts and some knowledge of IFRS
- Knowledge of investment appraisal process and capital budgeting
- English (Full professional proficiency - Required)
- Arabic (Limited working proficiency - Preferred)
- 3+ years – preferable as Financial Controller
- 2+ years in retail busines

About the Company

A franchise agreement with one of the world's largest retail chains Carrefour, allowed Majid Al Futtaim Retail to competitively introduce the first hypermarket model to the region in 1995 providing shoppers with variety and value.

Today, Majid Al Futtaim Retail owns 100% of the Carrefour franchise in 38 markets across MENA and central Asia, Africa and Russia.

Majid Al Futtaim Retail opened its first hypermarket in City Centre Deira - UAE, and through the years expanded to more than 180 Carrefour stores in 15 countries across the region.

Carrefour is dedicated to rewarding its loyal customers and offering access to a unique shopping experience through special offers and promotions throughout the year.

We are a family of more than 30,000 employees from more than 75 nationalities and we are committed to Create Great Moments for everyone, every day. Sounds appealing? Come join us and have the opportunity to challenge yourself in a unique work experience.