Sr. Process & Compliance Executive / P&C Exe

Job description / Role

Overview of the role:

Assist P&C Manager within the M&S Division in ensuring that all operational, inventorial and financial controls are adequately and uniformly formalized and implemented for the respective business units across all geographies to mitigate risk of loss, safeguard assets and improve operational efficiency.

What you will do:

Description of Accountability:

Compliance & Processes

• Assist P&C Manager in all compliance and process matters
• Review controls and implement standardized compliance systems
• Implement improvements in existing processes to improve operational efficiency
• Review performance on key operational areas relating to store operations, inventory control and other functions like logistics / merchandising / buying
• Create SOPs as required
• Train stakeholders on processes and procedures (SOPs)
• Monitor monthly submission of store manager compliance checklist with all stores and submit to Retail P&C team
• Adhere to store compliance visit schedule prepared by P&C Manager and submit review results with all stakeholders

Inventory management

• Plan, schedule and facilitate physical inventory counts in coordination with operations and logistics teams for both stores and warehouses
• Summarize / analyze shrinkage data, providing the final shrinkage for financial posting and preparing IAN as per DOA for final approvals
• Attend inventory counts on sample basis to check adherence to Al Futtaim standard procedures
• Implement control mechanisms based on count results
• Manage system posting of counts after brief investigation on variances and necessary approvals

Special Projects and Store Opening / Closing

• Support P&C Manager in implementation of new retail and brand initiatives
• Attend UAT for IT implementations such as new functionalities on ERP systems, inventory modules, etc.

VAT & Excise Duty

• Support in excise duty / other tax submissions in different regions
• Assist in roll out of VAT and excise in any new country

Internal Audit

• Track and coordinate all reports with respective teams for timely submission and implementation across the business
• Re-verify recommendations submitted as audit, for actual implementation

Required Skills to be successful:

• Analytical skills
• Time management
• Communication skills
• Leadership
• Teamwork
• Managing processes
• Reporting skills

What equips you for the role:

• Bachelor's degree (Masters preferred)
• 3-5 years of retail operations experience on a supervisory level
• Experience in merchandising / storekeeper would be added advantage
• Advanced Excel and MS Office
• Good knowledge of SAP or other ERPs
• Verbal communication skills
• Problem solving skills
• Focused

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As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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.