Assistant Finance Manager

Assistant Finance Manager - Al Tayer Group Assistant Finance Manager - Al Tayer GroupAs a leader in luxury retail in the Middle East Al Tayer Groups retail division Al Tayer Insignia hosts a portfolio of some of the worlds best luxury brands in the fashion jewellery home and department store categories. Complementing its position in luxury retail Al Tayer Insignia has also built new frontiers in lifestyle retail representing leading brands in the Beauty Home Fashion and Hospitality sectors. Our brands include Bloomingdales Harvey Nichols and Armani to name just a fewAbout The RoleThe Assistant Finance Manager is responsible for the Online Ecommerce business across retail division. You will support the management in decisionmaking and planning through analysis and reporting of financial performance maintaining effective controls over the companys financial processes and preparing financial statements management information and budgets of the company in line with the Al Tayer Group (ATG) guidelinesWhat Youll Be Doing Strategic Roles and Responsibilities:Participate in the development of the Finance strategy for the company by researching and providing input that is in line with the Groups overall strategic directionProvide input on the companys budget and control expenses of the function ensuring it stays within its operating budgetFunctional Roles and Responsibilities:Provide support service and advise on all financial matters to the companys management i.e. budgets preparation and presentation management accounting MIS and all other financial and non financial reports and statementsEnsure timely preparation of the financial budget and forecast for the company in line with ATG requirements working in coordination with Group Corporate Finance and company departmentsMaintain an effective control environment over all key financial processes including budgetary controls accounting and physical control as per laid down procedures of asset management. Also exercise controls on other purchases and servicesForecast foreign exchange requirements communicate to HO Finance and advise any change as and when necessaryEnsure timely preparation and communication of periodic financial reports to Group Corporate Finance based on the guidelines definedConsolidate and review key financial information within established timelines in areas such as operating results and budget versus actual and also report any issues with respect to planning and budgeting to the Head of FinanceEnsure that all accounting entries are incorporated in the company accounts after they have been approved as per the schedule of authority and that accounts are kept up to date to reflect all the transaction of the business including all reconciliation with the bankers debtors creditors and groups companiesMonitor bank balances against the facilities to ensure that the company operates within the approved facilities. Plan and manage daytoday cash needs for the company and develop comprehensive treasury management strategies cash reporting mechanisms and controls (including daily and cash in transit reporting) to ensure adequate liquidityMonitor tax compliance; return filing for timely basis wherever applicableEnsure proper insurance cover on companys assets in coordination with corporate finance. Review monthly/Annual closing activities in accordance with corporate policies and IFRS and ensure timely submission of monthly management reports.Coordinate with the external audit process including preparation of year end and interim financial statements to be produced in line with ATG and up to date IFRS guidelines.Monitor the ongoing financial performance of the company and provide continued visibility to managementPeople Management Roles and Responsibilities:Guide and motivate subordinates to enhance performance and produce quality work and ensure that they are continuously developed for higher level roles.Provide leadership and direction to subordinates towards the achievement of goals and objectives.About YouTo be successful in securing this role you will ideally have a Bachelors degree in Finance Accounting or Commerce. Certification in CA or CPA with minimum 8 years post certification experience; with 3years experience in online ecommerce is preferred.Knowledge and Skills:Recognized professional qualification in Finance (CA or CPA) with appropriately maintained Continuing Professional Development8 years experience post certification with at least 34 years experience in online ecommerce is preferred.Extensive experience in finance Business Partnering financial analysis planning contract reviews risk management cash flow inventory management auditing and Financial reporting role.Coordinate closely with internal and external stakeholders.Should have a good understanding of various accounting aspects and international trends and standardsProficient in English language Arabic would be an advantageShould have good analytical numerical and research skillsShould be able to communicate effectively and have excellent negotiation and interpersonal skillsDisplays strong leadership skills and presentation skills.Ability to work with all level of stakeholders.Excellent in Excel Power point Sales force Magento and ERP system like JD SAP or Oracle.Should be able to lead develop and motivate teams.
About UsAs a leader in luxury retail in the Middle East Al Tayer Groups retail division Al Tayer Insignia hosts a portfolio of some of the worlds best luxury brands in the fashion jewellery home and department store categories. Complementing its position in luxury retail Al Tayer Insignia has also built new frontiers in lifestyle retail representing leading brands in the Beauty Home Fashion and Hospitality sectors. Our brands include Bloomingdales Harvey Nichols and Armani to name just a fewAbout The RoleThe Assistant Finance Manager is responsible for the Online Ecommerce business across retail division. You will support the management in decisionmaking and planning through analysis and reporting of financial performance maintaining effective controls over the companys financial processes and preparing financial statements management information and budgets of the company in line with the Al Tayer Group (ATG) guidelinesWhat Youll Be Doing Strategic Roles and Responsibilities:Participate in the development of the Finance strategy for the company by researching and providing input that is in line with the Groups overall strategic directionProvide input on the companys budget and control expenses of the function ensuring it stays within its operating budgetFunctional Roles and Responsibilities:Provide support service and advise on all financial matters to the companys management i.e. budgets preparation and presentation management accounting MIS and all other financial and non financial reports and statementsEnsure timely preparation of the financial budget and forecast for the company in line with ATG requirements working in coordination with Group Corporate Finance and company departmentsMaintain an effective control environment over all key financial processes including budgetary controls accounting and physical control as per laid down procedures of asset management. Also exercise controls on other purchases and servicesForecast foreign exchange requirements communicate to HO Finance and advise any change as and when necessaryEnsure timely preparation and communication of periodic financial reports to Group Corporate Finance based on the guidelines definedConsolidate and review key financial information within established timelines in areas such as operating results and budget versus actual and also report any issues with respect to planning and budgeting to the Head of FinanceEnsure that all accounting entries are incorporated in the company accounts after they have been approved as per the schedule of authority and that accounts are kept up to date to reflect all the transaction of the business including all reconciliation with the bankers debtors creditors and groups companiesMonitor bank balances against the facilities to ensure that the company operates within the approved facilities. Plan and manage daytoday cash needs for the company and develop comprehensive treasury management strategies cash reporting mechanisms and controls (including daily and cash in transit reporting) to ensure adequate liquidityMonitor tax compliance; return filing for timely basis wherever applicableEnsure proper insurance cover on companys assets in coordination with corporate finance. Review monthly/Annual closing activities in accordance with corporate policies and IFRS and ensure timely submission of monthly management reports.Coordinate with the external audit process including preparation of year end and interim financial statements to be produced in line with ATG and up to date IFRS guidelines.Monitor the ongoing financial performance of the company and provide continued visibility to managementPeople Management Roles and Responsibilities:Guide and motivate subordinates to enhance performance and produce quality work and ensure that they are continuously developed for higher level roles.Provide leadership and direction to subordinates towards the achievement of goals and objectives. About YouTo be successful in securing this role you will ideally have a Bachelors degree in Finance Accounting or Commerce. Certification in CA or CPA with minimum 8 years post certification experience; with 3years experience in online ecommerce is preferred.Knowledge and Skills:Recognized professional qualification in Finance (CA or CPA) with appropriately maintained Continuing Professional Development8 years experience post certification with at least 34 years experience in online ecommerce is preferred.Extensive experience in finance Business Partnering financial analysis planning contract reviews risk management cash flow inventory management auditing and Financial reporting role.Coordinate closely with internal and external stakeholders.Should have a good understanding of various accounting aspects and international trends and standardsProficient in English language Arabic would be an advantageShould have good analytical numerical and research skillsShould be able to communicate effectively and have excellent negotiation and interpersonal skillsDisplays strong leadership skills and presentation skills.Ability to work with all level of stakeholders.Excellent in Excel Power point Sales force Magento and ERP system like JD SAP or Oracle.Should be able to lead develop and motivate teams.
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