ROLE PURPOSE
- Principle financial reports – monthly, quarterly, royalty payment calculations
- Margin chargebacks – provisions for margin / monthly reconciliation
- Credit notes for promotions and other income
- Store Feasibility studies
- Brand P&L updates
- P&L store level, head office level and Ecom level management.
- Review of costs and expenses
- Reporting & analysis
- Reconciliation
- Setting up financial process across all markets (200 brands across 3 countries)
KEY ROLE SPECIFIC ACCOUNTABILITIES
Financial Planning & Analysis
- Develop routine and ad-hoc reports of Watsons to management that deliver visibility to financial results and trends.
- Analyze financial results, comparing actual and year-to-date performance with prior periods, forecasts, and plans.
- Interact with department managers, leasing & planning team and run simulations on various “what-if” scenarios using insight and critical thinking to evaluate and make recommendations about critical business decisions.
- Liaise with planning team to build and make recommendations on Open-to-buy (OTB) for Inventory optimization.
- Accurate and timely delivery of periodical MIS reports
Monthly MIS & Reporting
- Prepare monthly and quarterly reporting deck of Watsons for senior management focusing on key performance indicators (KPI) and detailing financial performance relative to plan and suggest action plan for improvement.
- Work with Retail FP&A and Group Finance to ensure integrity in financial planning function and perform analytical analysis supporting executive management understanding of divisional performance.
- Regular operational and financial performance reports to relevant stakeholders.
- Enhance automation to improve efficiency
- Accurate and timely delivery of periodical MIS reports
MIS Systems ownership (SAP, BPC, BIW, Tableau, Anaplan etc.)
- Collaborate with accounting team in month-end close, analyze and advise on monthly accruals and reclassifications in respective ERP.
- Prepare reports from SAP, BPC and circulate it to relevant stakeholders.
- ANAPLAN : The retail group has implemented a new software to automate the Financial Planning & Analysis function. The role holder has to independently handle the testing and usage of the tool to upload Budget, forecast and Strategic Plan for Watsons
Budgeting Forecasting & Strategic Plan
- Liaise with depts, operations, planning to build brand and divisional budget, strategic plan and quarterly forecast with key assumptions and action plan to deliver.
- Prepare and manage presentations with Retail and Group Leadership.
- Investment Committee & Feasibility Analytics
- Prepare feasibility studies for new projects and determine NPV and payback periods.
- Build business case models for group investments and create and submit IANs for group approval
- Prepare IANs for store lease renewals and closure.
- Accurate and timely submission of IANs in the system
Cashflow management – Group Treasury
- Collaborate with group treasury to manage cash flow requirements of Watsons
- Provide relevant data to Group Treasury on currency hedging requirements.
- Accurate and timely data consolidation and submission
Job Opportunity Details
| Posted Date: | 2021-09-02 |
| Job Location: | Dubai, United Arab Emirates |
| Job Role: | Sales |
| Company Industry: | Accounting |
Job Opportunity Details
| Career Level: | Mid Career |
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