Finance Manager - DFS5761120 in Abu Dhabi at DFS

Date Posted: 12/7/2019

Job Snapshot

Job Description

The Finance Manager will support the Division to provide business acumen, analysis and decision support for division initiatives and business processes. In addition, this position will drive improvements in division performance by assisting in value-added decision-making as well as maximize revenue and store contribution through the development and implementation of concise, relevant analysis and reporting. As a key member of the Management team, the Finance Manager provides financial operating and control judgment and advice to the Vice President Operations in Abu Dhabi and VP Operations & Control Finance (Paris) & works closely with the management team to lead development of financial management in the Division, and develop as appropriate strong working relationships with the business partners

Key Responsibilities:
Scope of responsibilities includes management of the P&L (work closely with VP Operations and management to make recommendation on risk and opportunities for top line, and manage operating expenses, supervise reporting, lead the forecasting and budgeting process), development, implementation and follow-up of risk management process (operational risk, inventory management, regulatory risks), business plan & capital expenditure request and management of ad-hoc projects as applicable and development of the Finance team members to ensure that their performance is maximized. Efficiency & Productivity
• Maintains and reviews with the management team key performance indicators to develop action plans for optimizing efficiency and productivity, provides appropriate feedback and recommendations to local operations
• Monitors and manages key operating expenses, including payroll, supply costs, shop expenses, rent and makes appropriate recommendations to Division and Country management
• Leads division in developing new systems and processes for improving efficiency and productivity, regularly audits old systems and procedures
• Provides regular recommendations to Local management, Division management and Corporate departments regarding opportunities and risks of operations
• Manages productivity improvement and risk management projects, as appropriate Reporting, Budgeting, Forecasting and Strategic Plan
• Understands building P&L’s, budgets in the system
• Coordinates the monthly financial close with the Corporate Finance/A&R team
• Has strong knowledge about capital expenditure.
• Leads local regulatory reporting as needed
• Leads analysis of the monthly financials in order to identify positive or negative trends from Budget/Forecast, develops action plans to resolve all variances to budget and forecast targets and/or investigates variance to ensure they do not result from omission or error
• Acts as a liaison on the ground between the Division management and Corporate Finance team in assembling data relevant to the preparation of Budgets, Forecasts and Strategic Plans.
• Reviews on a monthly basis the Corporate deliverables and provides feedback to the Corporate teams to ensure that the deliverables are accurate, timely and communicated effectively. Coordinate all analyses and explanations of all variances to targets. Risk Management
• Ensures implementation of corporate and Internal Audit procedures such as process compliance annual audits.
• Oversee Inventory Control processes to ensure integrity of inventory data in systems and adequate management of aged inventory
• Works closely with operations team, monitors change in regulation to adapt company’s policies and processes as needed
• Leads all external third-party business activities such as working with Abu Dhabi Airports company finance team on issues related to online web, import License, concession payments etc.)
• Leads internal and external audit activities i.e. ISO 9001:2015 Annual Surveillance audit., Annual Erica audit submission to risk team, monthly audits with health & safety officer
• Develops and reviews standard operating procedures
• Coordinates involvement of legal, tax, value added tax, risk as appropriate
• Builds relationship with local banks and insurance brokers
• Assists the Vice President Operations in analyzing and developing business opportunities. Coordinates with Corporate teams in preparation of business plans and risk/benefits analysis Lead the Operations & Control Team
• Ensures members of the team have clear objectives and leads the team in achieving specific objectives as well as Profit Contribution Targets
• Develops Division Finance team members

Key Requirements:
Educational Requirements Degree in Finance or Business preferred, or at least 5 years of progressively responsible and directly related work experience or an equivalent combination of education and experience sufficient to successfully perform the essential job functions of the job. Work Experience - Minimum of 3 years financial/retail operating experience - Inventory management experience a plus Licenses / Certifications Retail Industry, FP/A, CPA added advantage Critical knowledge & skills including tools, software applications, language, etc. Tools / Resources:
• Ability to analyze a business both statistically and conceptually.
• Strong analytical and quantitative skills
• Ability to formulate analytical works into presentation formats.
• Require SAP experience
• Strong leadership skills to effectively make and communicate decisions Other Knowledge, Skills and Abilities Required:
• Strategic agility and ability to deal with ambiguity.
• Strong financial analytical skills with strategic vision.
• Highly organized with strong attention to detail and the ability to prioritize and multi-task.
• Excellent oral communication skills; good written communication skills; interpersonal and follow-up skills.
• People Management skills.
• Able to adapt to changing priorities and work on multiple tasks in a fast-paced environment.
• Able to hold sensitive and confidential materials in strict confiden