Associate Finance Manager - Retail Operations

Majid Al Futtaim; Dubai; On-site; AED 201,000 - 290,000; Full time

Job summary

Majid Al Futtaim in Dubai is seeking an Associate Finance Manager for Retail Operations. You will oversee financial governance, inventory accounting, stock controls, and cash management across stores and warehouses to protect assets and improve margins.

The role collaborates with Store Operations, Warehousing, Supply Chain, and Accounts Payable to ensure accurate costs and robust internal controls, supported by ERP systems like SAP and Oracle.

Qualifications

• Bachelor's degree in Finance, Accounting, Commerce, Business Administration, or related discipline.
• 5-8 years of relevant professional experience.
• Experience in Finance, Audit, Financial Controlling, or Store Operations Finance within Retail, FMCG, hypermarkets, supermarkets, or Consumer Goods environments.
• Experience with inventory accounting, stock reconciliation, shrinkage control, cash governance, fixed assets, and operational financial controls.
• Familiarity with ERP platforms such as SAP, Oracle, or comparable enterprise systems.
• Advanced Microsoft Excel capability and strong financial analysis skills.
• Sound problem-solving, clear communication, and coordination with finance and operational stakeholders.

Responsibilities

• Monitor stock movement across stores and warehouses and investigate unusual inventory trends or control exceptions.
• Track waste and shrinkage performance, identify financial exposure, and support corrective measures to reduce stock losses.
• Coordinate periodic stock audits and ensure inventory discrepancies are investigated and reconciled accurately.
• Verify item costs, margins, adjustments, and inventory-related transactions to maintain reliable financial records.
• Review pending goods receipt notes and follow unresolved GRNs through to appropriate completion.
• Monitor supplier invoicing processes and coordinate with relevant teams to resolve transaction or documentation issues.
• Strengthen inventory controls by identifying recurring reconciliation problems, process weaknesses, and loss risks.
• Manage fixed asset accounting processes covering capitalization, asset registration, tracking, transfers, and write-offs.
• Ensure fixed asset records remain aligned with operational assets across stores and warehouses.
• Oversee cash handling controls and review tender reconciliations for accuracy and completeness.
• Monitor petty cash utilization and perform cash spot checks as required by internal control procedures.
• Investigate cash or tender discrepancies and coordinate timely resolution with responsible stakeholders.
• Review store and warehouse operating expenses against budgets and highlight significant deviations.
• Support cost-control initiatives by providing financial analysis of operational expenditure and spending patterns.
• Work with Store Operations, Warehousing, Supply Chain, Accounts Payable, and other finance teams to improve process compliance.
• Use ERP and financial reporting systems to analyze transactions, inventory positions, costs, and control exceptions.
• Prepare financial and operational analysis that supports management decisions and stronger governance.

Skills

Financial control

Inventory accounting

Stock reconciliation

Cash handling controls

Fixed asset accounting

ERP experience (SAP)

ERP experience (Oracle)

Microsoft Excel

Budget control

Financial analysis

Internal controls

Stakeholder management

SAP

Oracle ERP

Microsoft Excel

Education

Bachelor’s degree in Finance, Accounting, Commerce, Business Administration, or related discipline

Tools

SAP

Oracle ERP

Microsoft Excel

Job description

Associate Finance Manager - Retail Operations Job Snapshot Role: Associate Finance Manager - Retail Operations Location: Dubai, United Arab Emirates Industry: Retail Function: Financial Control Experience: 5-8 years Job Type: Full-time Position Overview Associate Finance Manager - Retail Operations in Dubai, United Arab Emirates is a Retail hiring opportunity focused on financial governance, inventory accounting, stock controls, cash management, fixed assets, and operating expense oversight across stores and warehouses. Majid Al Futtaim is seeking an experienced finance professional to strengthen operational controls, improve inventory accuracy, reduce stock losses, and ensure reliable financial processes throughout its UAE retail operations.

Job Details Country: United Arab Emirates City: Dubai Industry: Retail Function: Financial Control Salary: 18000-26000 Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer. Gender: Any Candidate Nationality: Any Job Type: Full-time

Role Context The Associate Finance Manager provides the financial control framework connecting store and warehouse activity with accurate accounting and effective operational governance. The position has particular responsibility for inventory movements, shrinkage, waste, stock reconciliation, cash controls, fixed assets, expenses, and transaction accuracy. By identifying discrepancies early and working with operational stakeholders to correct control weaknesses, the role helps protect company assets, improve margin visibility, reduce preventable losses, and maintain reliable financial information for management decision-making.

Key Responsibilities

• Monitor stock movement across stores and warehouses and investigate unusual inventory trends or control exceptions.
• Track waste and shrinkage performance, identify financial exposure, and support corrective measures to reduce stock losses.
• Coordinate periodic stock audits and ensure inventory discrepancies are investigated and reconciled accurately.
• Verify item costs, margins, adjustments, and inventory-related transactions to maintain reliable financial records.
• Review pending goods receipt notes and follow unresolved GRNs through to appropriate completion.
• Monitor supplier invoicing processes and coordinate with relevant teams to resolve transaction or documentation issues.
• Strengthen inventory controls by identifying recurring reconciliation problems, process weaknesses, and loss risks.
• Manage fixed asset accounting processes covering capitalization, asset registration, tracking, transfers, and write-offs.
• Ensure fixed asset records remain aligned with operational assets across stores and warehouses.
• Oversee cash handling controls and review tender reconciliations for accuracy and completeness.
• Monitor petty cash utilization and perform cash spot checks as required by internal control procedures.
• Investigate cash or tender discrepancies and coordinate timely resolution with responsible stakeholders.
• Review store and warehouse operating expenses against budgets and highlight significant deviations.
• Support cost-control initiatives by providing financial analysis of operational expenditure and spending patterns.
• Work with Store Operations, Warehousing, Supply Chain, Accounts Payable, and other finance teams to improve process compliance.
• Use ERP and financial reporting systems to analyze transactions, inventory positions, costs, and control exceptions.
• Prepare financial and operational analysis that supports management decisions and stronger governance.

Ideal Profile The preferred candidate should hold a bachelor 's degree in Finance, Accounting, Commerce, Business Administration, or a related discipline and bring 5-8 years of relevant professional experience. A background in Finance, Audit, Financial Controlling, or Store Operations Finance within Retail, FMCG, hypermarkets, supermarkets, or Consumer Goods environments is particularly relevant. Candidates should have practical experience with inventory accounting, stock reconciliation, shrinkage control, cash governance, fixed assets, and operational financial controls. Familiarity with ERP platforms such as SAP, Oracle, or comparable enterprise systems is expected. Advanced Microsoft Excel capability and strong financial analysis skills are important. The position also requires sound problem-solving, clear communication, attention to transactional accuracy, and the ability to coordinate effectively with finance and operational stakeholders.

Skills Set

• Financial control
• Retail operations finance
• Inventory accounting
• Stock reconciliation
• Stock audit
• Shrinkage control
• Waste monitoring
• Inventory movement analysis
• Item cost validation
• Margin analysis
• Goods receipt note reconciliation
• Supplier invoice monitoring
• Inventory controls
• Fixed asset accounting
• Asset capitalization
• Asset tracking
• Asset write-offs
• Cash handling controls
• Tender reconciliation
• Petty cash control
• Cash spot checks
• Operating expense monitoring
• Budget control
• Financial analysis
• Internal controls
• SAP
• Oracle ERP
• Microsoft Excel
• Financial reporting
• Stakeholder management

Why Join Us

Operational finance is critical to protecting profitability in high-volume Retail, where inventory accuracy, shrinkage, cash controls, and disciplined expense management can materially affect business results. This role provides broad exposure to store and warehouse finance while allowing the successful candidate to influence controls across inventory, assets, cash, and operating expenditure. Majid Al Futtaim offers finance professionals the opportunity to work within a sophisticated regional retail environment, collaborate with commercial and operational teams, and develop deeper expertise in financial governance and business performance.

About the Company

Majid Al Futtaim is a leading regional group with businesses spanning retail, properties, communities, entertainment, and lifestyle operations. Its large-scale retail network is supported by integrated finance, supply chain, warehousing, and store operations, creating opportunities for finance professionals to strengthen governance, protect business assets, and support sustainable growth across the United Arab Emirates.