Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.
Role Purpose:
The Financial Planning & Analysis Manager is responsible for playing a key role in driving the Financial Planning & Analysis function agenda, leading the development of the annual plans, forecasts, data & trend analysis, key metrics, and performing analyses supporting the decision-making process through data analysis and business insights.
The role holder is also responsible for monthly closing, financial metrics, reporting, forecasting and analysis, ensuring their completion and delivery as per the target timelines. He/she will act as a business partner for MAF Retail Finance teams in countries (assigned Zones) in delivering the business outcomes.
Role Details – Key Responsibilities and Accountabilities:
Financial & Operational Analysis
Analyse the budget variance and operations performance and provide the Management with a timely analysis with recommended and corrective action plans
Build financial models and analyses with minimal guidance based on solid financial knowledge and business acumen, drawing conclusions and proposing recommendations that drive impact, deliver results and drive improvements to influence strategic decision-making and planning
Develop next generation operational and financial metrics, reporting and dashboards
Manage the preparation of the 3-Year Plan, annual budget, quarterly forecasts, and monthly flash
Manage the monthly-closing and consolidation cycle activities and ensure that data integrity and financial controls are in place
Interpret and align financial and operational analyses with key stakeholders, challenging business assumptions when necessary
Support on driving strategic initiatives and effectively align corporate goals with the business and corporate structure
Coordination and Communication
Collaborate with MAF Retail Finance teams in countries (assigned Zones) as their business partner, with the responsibility to ensure completion of monthly closing, financial metrics, reporting, forecasting and analysis, as per the target timelines to deliver on the business objectives
Liaise with the Business Intelligence team to automate the financial & operations reporting
Collaborate with the Transformation Office on the preparation of quarterly and annual performance presentations
Support and provide COOs and function heads with monthly reports, analysis, and findings to support the decision-making process, and follow-up on the actions needed
Support the Management in presenting reports to senior executives, stakeholders, and board members
Provide inputs and market research for the development of relevant processes for benchmarking within the organization
Ensure regular information exchange with all relevant stakeholders and update them on the acquired knowledge from the benchmark analysis
Build relationships and maintain strong partnerships with key personnel to help achieve organisational goals
Audit and Reporting
Prepare a monthly presentation for MAF Retail financial performance
Perform ad-hoc business analyses and financial modelling reports, proposing and presenting recommendations to senior management on strategic decisions, and planned future initiatives
Develop reports and detailed analysis for the budget to identify any potential risks or deviations concerns, ensuring full compliance and alignment to MAF Retail’s business guidelines
Responsible for the preparation of business presentations and reports related to financial and operational performance for various stakeholders, on periodic and ad hoc basis as and when required
Support on performing regular audit of various processes and databases for the FP&A function in order to identify gaps and risks, and propose corrective actions
Policies and Procedures
Support on developing and reviewing the FP&A policies and procedures related to financial reporting, actual closing, budgeting, forecasting and ensure it is implemented and reported on as a part of the policies and procedures for the FP&A function
Support on the development and implementation of relevant policies and procedures
Human Capital Responsibilities
Assist with the implementation of the performance management process by setting objectives, monitoring performance, and provide constructive feedback and provide inputs to senior management
Provide mentorship for the purpose of developing a continuous talent pipeline for key roles
Provide inputs on training needs and coordinate with the HC department to ensure facilitation of training requirements
Develop and implement on the job-training for the team
Provide inputs for the development of annual manpower plan
Ensure the implementation of MAF Retail’s corporate policies and relevant procedures
Personal Characteristics and Required Background:
Minimum Qualifications/education:
Bachelor’s Degree in Accounting or Finance
Master’s Degree in the same field is preferred
CMA, CIMA or ACCA certification is required
Minimum experience:
6+ years in a managerial Financial Planning & Analysis role in an international environment
2+ years in the retail business is preferred
Skills:
Proven ability to develop strategic relationships with senior leadership stakeholders
Proven ability to develop new ideas, process improvement and innovative solutions
Strong business and commercial acumen with an aptitude in decision-making
Superior financial analysis and financial modeling skills
Sound knowledge and understand of big data and analytics
Ability to work independently and in cross-functional teams, readily adapt to and lead through a changing environment
Demonstrated ability to effectively manage the finances of a high-growth business
Strong analytical and technical skills with proven expertise in managing, evaluating, analyzing data and creating meaningful business reporting
Strong business communication and presentation skills with proven experience managing executive-level communications
Advanced problem solving and root cause analysis
Strong English language skills (Speaking, Reading and Writing) with exceptional business writing, Arabic is a plus
Advanced skills in Microsoft Excel
Excellent organizational skills with the ability to prioritize workload; ability to manage multiple projects simultaneously, follow through and meet deadlines
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