Retail JVs. Manager

Job description / Role

About Us

As a leader in luxury retail in the Middle East, Al Tayer Group's retail division, Al Tayer Insignia, hosts a portfolio of some of the world's best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!

About The Role

To support the management in decision-making and planning through analysis and reporting of financial performance, maintaining effective controls over the JV portfolio's financial processes, management information, and budgets of the portfolio in line with the Al Tayer Insignia (ATI) guidelines

To take part in the management of Al Tayer Retail JV Portfolio initiatives in support of its strategic goals and ongoing commitments of the business. To collaborate with the Head of JV Portfolio to safeguard investments, coordinate strategic planning, and supervise process improvements and JV escalations.

What You'll Be Doing

- Assist in driving value extraction for ATG/ATI through portfolio management
- Act as the secondary liaison (to Head of JV portfolio) for managing day-to-day inquiries and engagements with JV partners
- Assist in JV project delivery, including JV conversions and JV greenfield
- Shares responsibility of the "hub" of JV activities and shares accountability for JV activities and deliverables
- Conduct due diligence reviews on potential JV partners, summarizing findings, and proposing risk mitigation strategies to key management.
- Reviews financial performance reports and trends from the joint ventures, highlights any emerging concerns and recommends potential resolutions.
- Supporting and coordinating the establishment of essential legal documentation for JV formation and implementation, such as Shareholders' agreements and Management fees.
- Support in monitoring and administering the execution of JV agreements throughout the JV lifecycle, addressing any potential issues that may arise.
- Assist in monitoring ATG's interests and rights, as the JV partner, are safeguarded throughout the JV lifecycle.

Financial Process Management:

- Evaluating the performance of portfolio companies, including past and current performance of each JV, and setting performance benchmarks.
- Gather, analyze and report JV companies' performance and prepare meaningful dashboards for management.
- Analyze the store/expansion feasibilities to compare actual results with plans and reviewing financial statements including financial reporting
- Analyzing budgeting and forecasting, creating, and updating business plans, and ensuring review compliance, integrity, and accuracy in G&A recharge by JV companies.
- Developing and maintaining financial, valuation, and margin models, as well as supporting finance team in preparing budgets and forecasts for board presentations.
- Prepare commercial analysis and financial modeling for potential JVs, encompassing sensitivity analysis, risk assessments, and input from business stakeholders.
- Support in strategic planning, business plan development, and implementation of value extraction strategies
- Track and manage invoicing and recharges for services provided to JV companies by AT
- Ensure timely preparation of the financial budget and forecast for the portfolio in line with ATI requirements, working in coordination with Corporate Finance and portfolio company departments and other ATI departments

Requirements

About You

Education/Certification and Continued Education

- Bachelor's degree education with relevant professional qualification, such as CFA, CIMA etc.
- MBA

Years of Experience

- 5 to 7 years' experience, with at least 3 years' experience in M&A, transaction advisory, or portfolio management

Knowledge and Skills

- Demonstrable financial and commercial knowledge of JVs and investment projects
- Financial analysis and modelling knowledge and capability
- Communication, presentation, and facilitation skills with the ability to lead and facilitate group meetings with senior stakeholders and external vendors
- Demonstrated track record of relationship building with more senior stakeholders
- Proficiency with financial modelling in Excel
- Excellent communicator and comfortable managing multiple tasks
- Proficient in English language, Arabic, Italian or French would be an advantage
- Should have good analytical, numerical and research skills

Additional Requirements

- Exceptional attention to detail
- High integrity with strong work ethic
- Strong organizational skills with ability to manage multiple parallel projects
- Strong interpersonal skills and ability to build relationships with stakeholders

About the Company

Established in 1979, Al Tayer Group is a privately-held, diversified company with operations in 12 countries in the Middle East and beyond. With over 7,800 employees from 95 different nationalities, the Group has its headquarters in Dubai, UAE.

Al Tayer Group operates leading, quality-focused businesses in automobile sales and service, luxury and lifestyle retail, perfumes and cosmetics distribution, engineering as well as interiors contracting. The Groups portfolio includes several of the worlds leading brands such as Armani, Bvlgari, Banana Republic, Ford, Ferrari, Gucci, Gap, Harvey Nichols and Maserati. The Group operates over 180 stores across multiple markets in the Middle East. In addition, Al Tayer Group has investments in commercial real estate, contracting, supply chain management, precision tools manufacturing and travel agency services.