Finance Manager Retail

Career Raiser; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading consulting firm in Dubai is seeking a finance professional to assist in corporate strategy formulation and financial planning. The role involves budgeting, monitoring financial performance, and preparing detailed MIS reports for management. Ideal candidates should have experience in financial analysis and a degree in finance or accounting. The position offers opportunities to influence key financial decisions and support organizational growth.

Qualifications

• Experience in formulating corporate strategy and financial plans.
• Strong understanding of financial reporting and budgeting processes.
• Ability to conduct project feasibility studies and business analysis.

Responsibilities

• Assist in formulating corporate strategy and annual targets.
• Analyze and monitor budgets, suggesting corrective actions.
• Prepare and present periodic MIS reports to top management.
• Design and implement financial control systems to achieve goals.

Skills

Budgeting and Forecasting

Financial Analysis

Cost Optimization

Internal Audit

Education

Bachelor's degree in Finance or Accounting

Job description

Description

Assist in the formulation of the corporate strategy for the year and finalization of annual targets along with other functional heads to implement the strategic directions. Analyze budgets of the Concept and Territory operations monthly, discuss and revise allocations if necessary. Monitor the income and expenses versus budget, track the variances and recommend corrective actions and follow up on remedial actions to ensure the adherence to the budget and to support the effective monitoring of performance within the budget for Retail productivity, GM & Net Margin, Stocks & Sales. Exercise necessary budgetary controls on all costs incurred by the Territories, ensuring that they comply with the drawn budgets. Monitor Capital Expenditure plans for various territories. Deliver set standards of MIS reports for various departments, ensure timely preparation and presentation of periodic MIS and interpret data to suggest ways of cost optimization and store performance improvement. Ensure scrutiny and timely payment to all suppliers and supplier accounts reconciliation. Supervise timely and accurate internal audits and finalize Accounts for the Concept. Review and validate Payroll, Overtime payments and Incentives on time. Ensure optimal / economic stock holding. Ensure the stocks are in line with pre decided norms on terms of stocks levels, stock ageing, and slow moving items, to take timely decisions whenever required. Budgeting and Forecasting/ Project feasibilities.

Formulating and executing annual and long range financial plans, focused on underlying business drivers and sensitivity analysis by modeling and quantifying the potential effects of changes in business drivers. Monitoring and controlling the main parameters of business plan in coordination with functional heads viz. rationalization, purchase success, gross margin performance. Comparison of actual results to plans and prior results for the purpose of identifying the problem areas and implementing corrective actions. Screening new projects, conducting project feasibility studies and preparing reports to assess the financial viability, predictable cash flow & growth opportunities. Business Analysis & MIS.

Ensuring timely preparation and presentation of periodic MIS reports/ scorecards/ dashboards to top management and interpret data to suggest ways of cost optimization and store performance improvement. Undertaking business analysis viz. scenario analysis, store wise analysis, territory wise analysis, Income & expenses analysis, product profitability analysis as well as adhoc analysis of various parameters. Accounts, Costing & Auditing.

Heading finance functions involving designing & implementing systems, policies & procedures to facilitate internal financial control towards the accomplishment of organizational goals. Designing manuals for the preparation & maintenance of statutory books of accounts and financial statements, ensuring compliance with time & accuracy norms. Establishing strategic cost management systems and preparing and maintaining necessary stock records to track the inward / outward movement of goods and monitor various overheads, ensuring minimum stock level. Coordinating internal and statutory audits; evaluating internal control systems / procedures with a view to highlight the shortcomings and implementing necessary recommendations.