Retail Finance Controller: Inventory & Asset Controls

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

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.