Al-Futtaim-General Manager – Finance | IKEA | Service Office

Al-Futtaim-General Manager - Finance | IKEA | Service Office

General Manager – Finance | IKEA | Service Office

Posted: Today
Place: Dubai
You have a real passion for retail and people, whilst at the same time provide analytical excellence managing numerous stakeholders and vested interests, internal and external. You provide the brand with the best financial information to support strategic growth and successful business navigation for the future. You have the ability to create an environment where the IKEA values are a strong and living reality that embraces the diversity of co- workers and visitors

What’s more, we believe that you have the following knowledge, capabilities and motivation:

Live and share the IKEA values every day

Chartered accountant with 3 years’ experience in above roles or intermediate CA or ICWA with 8 to 10 years’ experience

Advanced knowledge of MS Excel and accounting software (preferably any ERP – Enterprise Resource Planner i.e integrated System- SAP and Navision)

Desirable to have detailed know how of the IKEA concept and IKEA architecture standards in order to implement the IKEA concept

Planning & organizing, responsible, analytical mind, lateral thinking & good management skills – must have a “feel” for figures in business environment (preferably retail)

Good analytical, presentation & reporting skills

Excellent written and verbal communication skills

Ability to lead and land Change in business

About the Role

You will prepare and ensure that all business information and accounting figures are constantly monitored and accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports, across the region. You will also provide long term business view and strategy to support achieving of targets.

Key Specific Accountabilities:

Finance Vision, Strategy & Control

Overall responsibility for securing that the financial and administrative processes are set up and work efficiently across the region

Control overall financials for the business to ensure and secure company’s interest

Lead the annual goal- setting process to secure that all Stores and departments within the Service Office have a clear and agreed upon budget for the coming year

Compile input to the multi- year business plan regarding finance working with stores’ management teams in developing their annual business plan

Collate the strategy across region using best financial information to deliver cost effectiveness

Work with the country Finance Managers to support them in their roles working their natural working teams

Working with Regional Sales & GM to ensure appropriate action plans are in place to regulate cost savings

Support non- finance people understand in ‘common language’ financial information

Management Information/Business Navigation

Produce one- off reports when required for a proactive analysis to make sure that the company’s assets are safe guarded and targets met

Own and at times, prepare various reports for Brand/Regional Office (sales, performance, FLASH, management meeting pack, BPC etc) and submit to management for review & action

Prepare periodic margin analysis report & submit to Brand management for review & action – providing best practice guidance on the way forwards

Ensure through the function that all managers with budget responsibility are provide with weekly and monthly financial and KPI reports so they can follow up on their performance and take proactive actions to reach their goals.

Highlight deviations from budget/plan, actively coach the responsible manager to make sure that there are action plans developed to steer the business back towards agreed goals

Support country Finance Managers for monthly closing of books of account. This will be more related to Navision – SAP reco entries eg: Inventory, Margins, Sales and Debtors.

Collate at a country level, Monthly Business Packs and KPI reports, ready for submission to Retail/Group Finance

Manage the Fixed Assets of the business and ensures the appropriate management of them via Tagging and Assets Management.

Support the management team to establish and define new KPI’s to support business understanding

Systems Integrity

Check the integrity of Navision system to ensure that the reports generated are true and fair, working with IT and other stakeholders to improve the system and provide up- to- date management information and business tools

Work with the GM for Sales & Range to ensure that Inventory and Gross Margin are managed effectively, ensuring accuracy in stock levels and budgetary spend

Work with country Finance Managers to ensure proactive suggestions for improvements are initiated to ensure that appropriate warning systems are provided ensuring security to the business

Ownership in checking the system integrity on new software roll- out to existing and new stores in all markets

Audits & SOP

Be the central point of contact for the Al Futtaim Group Internal auditors

Create natural work teams to challenge, develop and implement procedural improvements and clear prior year audit findings

Provide the Brand management team the necessary information to act according to the tax and company law in their relevant market

Ensure all processed including, processes for sales registering, cash, electronic funds transfers, invoice payment, & costs etc are registered in the accounting systems correctly and according to the local legislation

Budgeting & Forecasting

Provide a “top down – bottom up” process for annual budget process

Ensure that all stakeholders understand the process and importance of the budgeting process taking into account new projects and initiatives providing support and advice on the financial implications of such endeavors

Seen as a positive force for change and development of the business, bridging the gap between Operations and Service office to make sure budgets and KPI’s are agreed and achieved

Support Country Finance Managers to consolidate Budgets across region understanding strengths and liabilities of business ensuring a joined up approach to delivering

Minimize unnecessary cost increase and drive increase in operational efficiency

Feasibility Studies

Provide commercial insight in the form of preliminary workings for the capital requirements for store expansions in new markets

Provide accurate guidance to the business on taxation and other financial set up responsibilities

Work with the marketing team and the Expansion to support the timely production of Territory Penetration Plans based on latest information

Provide the necessary communications to the Retail & Group Finance offices to successfully secure the commitment of the owner & principal for new territories and necessary cap- ex

Existing Stores/New Operations

Carry out, follow- up and evaluation of the pre- project activities, build- up activities and the running store

Support the Country Finance Managers to ensure that they are supporting with appropriate action plans on improving ways of working according to their relevant market places

Work with the Store Business Navigators to ensure effective internal audits to uphold integrity of the business with internal, external and Principal auditors

Conduct appropriate Store Visits with relevant management team to gain insight and ensure a proper roll out of Management’s plans and strategies

Control strategic pre- opening expenses and capital expenses for new project

Tax and Legal Compliance

Ensure all tax filing on time for all territories

Educate management of tax implication on activities in the country

Ensure compliance to local laws in all country operation

Study local tax laws for new territories and inform management of business implication and changes

A few more things for you

Interest? Then please join us for a rewarding career journey!

We are here to provide excellent service but a little help from you can ensure a five- star candidate experience from start to finish

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