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1.00 to 10.00 Years   Cairo, Egypt   02 Nov, 2022
Al Futtaim Group
1 Jobs Openings
Job LocationCairo, Egypt
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

ROLE PURPOSE:Work together with the Store Management team members in an inspiring, supportive and challenging way in order to steer the Store towards growth, optimal performance and sustained long-term profitability, in line with IKEA & Al-Futtaim objectives and values.KEY ROLE SPECIFIC ACCOUNTABILITIES:CASH OFFICE OPERATIONS

  • Oversee and control the cash office functions and ensure daily/ weekly and monthly routines are followed.
  • Perform necessary Audit measures to ensure that daily reconciliation of collections are true and fair in all aspects.
  • Audit the cash in the Business Navigation department.
  • Accountable for Cash Office transactions including the following :
  • Daily reconciliation of store takings & reporting.
  • Forex reconciliation and monitoring of exchange rates.
  • Cheques collection and control.
  • Tally of safe fund daily.
  • Credit Card reconciliation.
  • Gift Vouchers redemption and reconciliation.
  • Banking of the various tender types store petty cash.
PROCESS AND COMPLIANCE
  • Follow up on previous audit reports & check implementation of audit recommendations (including
  • documentation).
  • Support the Regional Office in creating, amending SOPs to improve the operational efficiencies, without compromising on the operational standards.
  • Maintain store SOP library (digital and physical) for store team access as necessary.
  • Ensure total compliance of IKEA and Al-Futtaim policies as applicable for operations & financial aspects.
RECOVERY
  • Manage and control all IT types and ensure audit compliance on stock movement.
  • Achieve recovery index goals while minimizing recovery stocks.
  • Analyze increase in inventory stock movement and discuss with store management ways to optimize.
FINANCIAL & OPERATIONS
  • Manage and share the following with store team:
o Store sales tree: daily, weekly, monthly & yearly.o Budgeting and forecasting : mid-month flash, monthly, quarterly , yearly, and 5/10 year.o Store Business yearly business plan.o CAPEX plan and execution.o Manpower budgeting.
  • Analyze & discuss store P&L performance on monthly basis with store team and follow up on discussed action plan.
  • Understand and help the Store Manager to control expenses in the P&L for the Store and identify areas of opportunities and highlight out of line situations.
  • Ensure that all administration routines are followed across the Store and show a proactive approach in suggesting checks and corrections in the store operational processes.
  • Work with department head to in vendor/supplier selection process to ensure best possible service at lower cost.
  • Accountable for preparation ROI for all activities and investment in coordination with store team.
PEOPLE MANAGEMENT & DEVELOPMENT
  • Develop cash office co-workers to maximize efficiency and future development.
  • Active involvement in Store Manpower planning with aim to maximize productivity.
  • Active involvement in staff planning process for store to ensure coverage to maximize manpower productivity.
  • Lead staff planning process in store to maximize utilization of co-workers ( right number, right time, right
place).
  • Lead and train the team to be able to carry out all cash office and admin/audit functions.
  • Ensure training plans and development plans are in place for Recovery & Cash Office teams, with the support of L&D.

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