Vice President - Finance

Majid Al Futtaim; Dubai; On-site; AED 600,000 - 900,000; Full time

Job summary

Majid Al Futtaim seeks a Vice President - Finance to lead its finance function at the UAE Head Office in Dubai. This senior leadership role is responsible for establishing financial strategy, directing business planning and budgeting activities, and ensuring that financial operations support the company's strategic priorities and long-term business objectives.

The Vice President - Finance will work closely with MAF Retail management and departmental leaders to develop financial plans, evaluate

Qualifications

• Bachelor's or Master's degree in Finance.
• Minimum 10 years of professional experience in finance, including managerial responsibilities.
• At least 5 years of professional experience within the retail industry.

Responsibilities

• Develop and oversee financial strategy, planning, and budgeting for the organization.
• Lead consolidation of financial reporting in line with IFRS standards.
• Direct financial operations to support long-term business objectives.
• Collaborate with senior management to align financial plans with corporate strategy.
• Ensure effective governance and compliance across the finance function.

Skills

Financial leadership

Budgeting expertise

IFRS knowledge

Strategic thinking

Collaboration

Education

Bachelor's or Master's in Finance

Job description

Vice President - Finance

Location: Dubai, United Arab Emirates

Industry: Retail | Function: Finance | Experience: 10 years in finance, including 5 years in retail | Job Type: Full Time | Work Arrangement: On-site

Position Overview

Majid Al Futtaim Retail is seeking an experienced Vice President - Finance to lead its finance function at the UAE Head Office in Dubai, United Arab Emirates. This senior leadership position is responsible for establishing financial strategy, directing business planning and budgeting activities, and ensuring that financial operations support the company 's strategic priorities and long-term business objectives. The Vice President - Finance will work closely with MAF Retail management and departmental leaders to develop financial plans, evaluate organizational resources, oversee financial reporting, and maintain compliance with International Financial Reporting Standards (IFRS). The role requires extensive financial management experience, strong business planning capabilities, and a solid understanding of the retail industry.

Job Details

• Country: United Arab Emirates
• City: Dubai
• Industry: Retail
• Function: Finance
• Salary: Not disclosed
• Gender: No Preference
• Candidate Nationality: Not specified
• Job Type: Full Time
• Work Arrangement: On-site

Key Responsibilities

• Financial Strategy and Business Leadership
  • Participate in developing and reviewing MAF Retail 's overall business strategy in collaboration with the company 's management team.
  • Establish strategic priorities and annual objectives for the finance function in alignment with organizational goals.
  • Lead the development and implementation of financial strategies that support business plans and operational objectives.
  • Provide financial direction to support management decisions and the achievement of MAF Retail 's strategic objectives.
  • Oversee the finance function 's contribution to annual business planning and the execution of approved financial objectives.
• Financial Planning and Budget Management
  • Lead financial planning and budgeting activities across MAF Retail, ensuring that financial plans align with corporate strategy and business priorities.
  • Oversee the preparation of annual financial plans and budgets based on the company 's strategic objectives and planned activities.
  • Collaborate with department heads to establish annual objectives, business plans, and departmental budgets.
  • Ensure departmental financial plans are aligned with broader organizational objectives and available financial resources.
  • Review and discuss proposed departmental budgets with relevant business leaders to achieve agreement on financial allocations.
  • Balance departmental operational requirements and action plans against MAF Retail 's overall financial position.
  • Guide the consolidation of departmental budgets into the company 's financial planning process.
• Financial Reporting and Accounting Compliance
  • Review and approve monthly, quarterly, and annual financial statements for consolidated operations and individual entities.
  • Oversee financial reporting activities covering income statements, balance sheets, cash flow statements, and statements of changes in owners ' equity.
  • Ensure financial accounting and reporting practices comply with International Financial Reporting Standards (IFRS).
  • Maintain oversight of financial reporting processes to support accurate and consistent financial information.
  • Review financial statements and reporting outputs to support management 's understanding of business performance and financial position.
• Finance Function Development
  • Assess the finance function 's capabilities, including available technology, operational processes, and personnel resources.
  • Identify resource requirements necessary to support the implementation of MAF Retail 's business and financial strategies.
  • Evaluate the effectiveness of existing financial processes and systems in meeting organizational requirements.
  • Provide strategic direction for the finance function to ensure its resources and capabilities remain aligned with business objectives.
  • Lead the finance function in delivering its annual objectives and supporting company-wide financial priorities.
• Corporate Policies and Financial Governance
  • Contribute financial expertise to the development of MAF Retail 's corporate policies and relevant operational procedures.
  • Monitor the implementation of approved corporate policies and procedures within the finance function.
  • Support consistent application of financial accounting and reporting standards across relevant business entities.
  • Work with management and departmental leaders to align financial planning and decision-making with established corporate requirements.

Qualifications and Experience

• Bachelor 's or Master 's degree in Finance.
• Minimum 10 years of professional experience in finance, including managerial-level responsibilities.
• At least 5 years of professional experience within the retail industry.

Leadership and Professional Competencies

• Strong financial leadership capabilities and experience directing finance activities at a managerial level.
• Comprehensive understanding of financial strategy, corporate budgeting, and annual business planning.
• Ability to align financial objectives with organizational strategy and operational requirements.
• Knowledge of consolidated financial statements, financial accounting, and IFRS reporting requirements.
• Experience reviewing departmental budgets and coordinating financial planning across business functions.
• Ability to evaluate financial resources, processes, systems, and organizational capabilities.
• Strong collaboration skills for working with senior management and departmental leaders.
• Sound financial judgment and the ability to balance business requirements with financial considerations.
• Strategic thinking and the ability to translate corporate objectives into financial plans and priorities.

What We Offer

At Majid Al Futtaim, our mission is to create great moments, spread happiness, and deliver experiences that leave lasting memories. Our businesses are guided by a shared commitment to this purpose and a focus on achieving organizational objectives. The company offers a friendly and collaborative working environment where colleagues contribute their expertise and work together towards common goals. As part of an organization with more than 45,000 diverse and talented colleagues, you will work within a business environment guided by the Majid Al Futtaim Leadership Model.

About Majid Al Futtaim

Majid Al Futtaim is a leading developer and operator of shopping malls, retail businesses, communities, and entertainment destinations across the Middle East, North Africa, and Central Asia. Majid Al Futtaim Retail forms part of the Group 's diversified business operations, with its finance function supporting financial planning, accounting, reporting, and strategic business objectives. Through its businesses and teams, Majid Al Futtaim continues to pursue its purpose of creating great moments for everyone, every day.