FP&A Manager

at  AlFuttaim

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

MINIMUM QUALIFICATIONS AND KNOWLEDGE:

• Graduate / Post Graduate degree in Commerce / Finance. Knowledge of management reporting and accounting systems is a must.
• Knowledge of ERP Financial Software is required; SAP Hana 4 / BPC, Anaplan and Oracle Hyperion expertise will be preferred.

MINIMUM EXPERIENCE:

• Minimum of 8 -10 years of experience in the field of Finance and Accounting, out of which a minimum of 5 years in the Contracting industry or Project Management industry at a financial management position.
• Experience in Real Estate / Facilities Management / Contracting / Project Management industries will be preferred.

OVERVIEW OF THE ROLE

The Financial Planning & Analysis Manager will play a pivotal role in driving the financial performance of the organization by providing strategic insights and analysis. The candidate will be responsible for business partnering with the operations team, offering advisory support to the leadership team, and contributing to the strategic growth initiatives. The role requires a deep understanding of the regional market conditions in the UAE, KSA, and Qatar, and the ability to leverage financial data to support business decisions and new market penetrations. Financial Planning & Analysis Manager is responsible for managing the monthly, quarter, yearly and long-term reporting requirements of AFET.
The ideal candidate will be process-oriented, possess a high-level analytical skill, pay close attention to detail while maintaining a strategic view of the business. The candidate will possess excellent staff & task managerial skills and natural leadership skills. The candidate will demonstrate an in-depth knowledge of IFRS standards.

WHAT YOU WILL DO?

• Financial Planning and Analysis
• Lead the financial planning, budgeting, and forecasting processes to ensure alignment with the company’s strategic objectives.
• Conduct variance analysis to compare budgeted figures against actual results and provide actionable insights.
• Business Partnering
• Act as a key business partner to the operations team, providing financial insights and analysis to support decision-making across key projects and services.
• Collaborate with cross-functional teams to drive financial performance and operational efficiencies.
• Strategic Advisory
• Provide advisory support to operational and leadership team on financial matters, including operational efficiencies, new market penetrations, value creation initiatives, and strategic growth opportunities.
• Develop financial models and analyses to support strategic initiatives and investment decisions.
• Market Analysis
• Monitor and analyse regional market trends in the UAE, KSA, and Qatar to identify potential impacts on the business and financial performance.
• Stay abreast of regulatory changes and their financial implications to ensure compliance and strategic alignment.
• Financial Performance Management
• Implement and maintain financial performance metrics and dashboards to monitor and report on key financial indicators.
• Contribute and support Regional Financial Controller on the financial review meetings with business leaders to discuss financial results, forecasts, and action plans.
• Coordination with the Group Treasury Center (GTC) Unit on the preparation of bi-weekly, monthly, and annual cash flow forecast.
• Coordinate with Contracting division Finance Team on the Financial Review Meeting presentation pack to Group Finance
• Value Creation Initiatives
• Spearhead the effort to reduce complexity, standardize report and automate the production of reports using Microsoft Power BI
• Coordinate with EIT to establish a technology roadmap to achieve “Real Time Data Analysis” and visualization tools.
• Support the Regional Financial Controller in coordinating with Business Leaders on action plans to correct any identified corrective measures.

WHAT QUALIFIES YOU FOR THE ROLE

• Well-versed in IFRS.
• Well-versed in preparation of Financial Statements.
• Hands on experience in developing Power BI dashboards.
• Expert knowledge of MS office tools especially advance excel and power point.