Finance Controller - CA - Retail

Job title: FC - RETAIL (Cosmetics)

Operations in- Sub Saharan Africa

Reporting to: CEO

Functional Reporting: Group CFO

Position based in: Dubai

Position expectations

The position is responsible for all the accounting, banking & treasury operations, MIS, legality, statutory compliances, stock control, placing controls & systems in all the Retail stores in various locations & countries and at the Group consolidated level. The position will be assisted in all markets by competent Accountants.

Key Accountabilities:

Monthly Financial statements: Cash Flow, Profit & Loss Account and Balance Sheet of all individual stores and the consolidated position.

- Monthly MIS and ratio analysis.

- Finalization of annual accounts.

- Interacting with Internal and External Auditors.

- Costing and Cost-Benefit Analysis.

- Approving all price changes and FOC's.

- Purchase of forex in all markets.

- Ensuring positive paid stocks are maintained at all times.

- Managing 3rd currency covers.

- Managing the cash flows in the markets.

- Opex and Capex budget preparations.

- Monthly review of actual performance versus budget for Opex and Capex highlighting trends and variations.

- Cost monitoring and cost cutting initiatives.

- Asset custodian: Responsible for proper accountability and safeguard of all the assets.

- Responsible for ensuring timely and accurate processing of monthly payrolls for all the locations.

- Responsible for all overseas payments.

- Responsible for ensuring compliance with applicable transactional and payroll taxes: deductions, remittances and filing of returns.

- Ensure timely and accurate filing of all statutory returns like VAT, WHT, PAYE, Pension remittances, etc.

- Compliance of Joint Venture agreements.

- Preparation of Project Feasibility Reports for new markets.

- Monthly business review meetings and site visits.

- Principal Claims, follow-up and timely settlement.

- Take adequate insurance covers to mitigate business risks and threats.

- Interaction with prospective principals, business partners and expansion projects.

- Manage, coach, support and develop Accounts staff at various locations.

- Setting clear objectives & KPI's for the staff on ground.

- Provide support to the management and drive an agenda of value-add decision-making, contributing to managing the stores more efficiently.

- Be a valued member of the Finance community sharing best practices within the group.

Person Profile

- Analytical and a person of details.

- Hard working and readiness to put in long hours in times of need.

- Well organised and pro-active.

- Self-propelled with the ability to take initiative and ownership.

- Enquiring mind, seeking ways to improve.

- A team player; trusted and respected throughout the business with high levels of integrity.

- Tenacious, perseverance in the face of obstacles, seeking imaginative ways to overcome.

- Willing to travel extensively.

- Culturally aware successful relationship builder - cross border and cross cultural.

Role Requirements

Experience / Attainments

- A qualified Chartered Accountant.

- At least 10 years of work experience with a minimum of 5 years in the Retail industry.

- A track record of improving processes, systems and ways of working.

Skills / Knowledge

- Commercial awareness / interest.

- Demonstrable technical ability both in finance and IT (Excel and MIS systems).

- Strong interpersonal and communications skills.

- People management skills.

- Good understanding of the Cosmetics retail industry.