Financial Planning & Analysis Manager

Job description / Role

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role

The Financial Planning & Analysis Manager will play a pivotal role in driving the financial performance of the organization by providing strategic insights and analysis. The candidate will be responsible for business partnering with the operations team, offering advisory support to the leadership team, and contributing to the strategic growth initiatives. The role requires a deep understanding of the regional market conditions in the UAE, KSA, and Qatar, and the ability to leverage financial data to support business decisions and new market penetrations. Financial Planning & Analysis Manager is responsible for managing the monthly, quarter, yearly and long-term reporting requirements of AFET.

The ideal candidate will be process-oriented, possess a high-level analytical skill, pay close attention to detail while maintaining a strategic view of the business. The candidate will possess excellent staff & task managerial skills and natural leadership skills. The candidate will demonstrate an in-depth knowledge of IFRS standards.

What you will do?
- Financial Planning and Analysis
- Lead the financial planning, budgeting, and forecasting processes to ensure alignment with the company's strategic objectives.
- Conduct variance analysis to compare budgeted figures against actual results and provide actionable insights.
- Business Partnering
- Act as a key business partner to the operations team, providing financial insights and analysis to support decision-making across key projects and services.
- Collaborate with cross-functional teams to drive financial performance and operational efficiencies.
- Strategic Advisory
- Provide advisory support to operational and leadership team on financial matters, including operational efficiencies, new market penetrations, value creation initiatives, and strategic growth opportunities.
- Develop financial models and analyses to support strategic initiatives and investment decisions.
- Market Analysis
- Monitor and analyse regional market trends in the UAE, KSA, and Qatar to identify potential impacts on the business and financial performance.
- Stay abreast of regulatory changes and their financial implications to ensure compliance and strategic alignment.
- Financial Performance Management
- Implement and maintain financial performance metrics and dashboards to monitor and report on key financial indicators.
- Contribute and support Regional Financial Controller on the financial review meetings with business leaders to discuss financial results, forecasts, and action plans.
- Coordination with the Group Treasury Center (GTC) Unit on the preparation of bi-weekly, monthly, and annual cash flow forecast.
- Coordinate with Contracting division Finance Team on the Financial Review Meeting presentation pack to Group Finance
- Value Creation Initiatives
- Spearhead the effort to reduce complexity, standardize report and automate the production of reports using Microsoft Power BI
- Coordinate with EIT to establish a technology roadmap to achieve "Real Time Data Analysis" and visualization tools.
- Support the Regional Financial Controller in coordinating with Business Leaders on action plans to correct any identified corrective measures.

Requirements

Required Skills to be successful

Minimum Qualifications and Knowledge:
- Graduate / Post Graduate degree in Commerce / Finance. Knowledge of management reporting and accounting systems is a must.
- Knowledge of ERP Financial Software is required; SAP Hana 4 / BPC, Anaplan and Oracle Hyperion expertise will be preferred.

Minimum Experience:
- Minimum of 8 -10 years of experience in the field of Finance and Accounting, out of which a minimum of 5 years in the Contracting industry or Project Management industry at a financial management position.
- Experience in Real Estate / Facilities Management / Contracting / Project Management industries will be preferred.

What qualifies you for the role
- Well-versed in IFRS.
- Well-versed in preparation of Financial Statements.
- Hands on experience in developing Power BI dashboards.
- Expert knowledge of MS office tools especially advance excel and power point.

Behavioural Competencies:
- Ability to manage expectations of the various stakeholders of the group.
- Ability to manage time appropriately, communicate effectively with team members and business.
- Ability to approach problem solving with simplicity and logic, and to present solutions on financial matters to non-finance professionals.
- Ability to think holistically and understand the chain impact of financial transactions on the overall business.
- Ability to work under pressure without losing control over tasks assigned.

About Al-Futtaim Engineering & Technologies
Al-Futtaim Engineering & Technologies offers customers complete engineering and systems integration solutions.

The Engineering arm operates in the UAE, Qatar, Saudi Arabia and Egypt providing a wide variety of products and services from air conditioning, scaffolding and access solutions, elevators and escalators, control and life safety, facilities management, building products, MEP, Energy Management, Technology Infrastructure and Digital Transformation.

The Technologies division provides complete business solutions to large, medium and small customers that include, contact centre solutions, business applications, business intelligence, data management, advanced analytics amongst others. The IT infrastructure portfolio comprises IP telephony, ELV systems, networking solutions, professional audio-visual solutions and managed services.

These solutions are further complemented by services that include project management, installation, testing, commissioning and after-sales maintenance contracts.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.