Assist.Financial Controller

Job Description

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 Assistant Financial Controller is responsible for assisting the Store Financial Controller in preparing financial reports of the stores objectives. The role holder is also responsible of the store stock take process form the controlling stage to the validation stage.Role Details ? Key Responsibilities and Accountabilities:Budget and Cost Control

• Assist with monitoring store budget to ensure compliance and highlight possible issues
• Provide inputs on the preparation of budget when necessary
• Provide inputs on cost reduction for the store

Internal Control and Audit

• Review the fixed asset register
• Review the payroll to ensure it is processed accurately and timely
• Support the process of monitoring stock-check, sleeping stock, receiving controls and analysing shrinkage result
• Provide support during regular audits on CCO to minimize cash flow risks, help prepare a report about required corrective actions and support the store management with solution proposals for improvement
• Report on the implementation of Internal Audit recommendations

Reporting

• Support the process of store performance analysis by Departments/Sections
• Assist with the preparation of business presentations and reports for various stakeholders periodic and ad hoc reports as and when required
• Provide assets summary of information to the management regularly
• Aid business analysis and modelling including:
• Monthly financial closing (budgetary control, P&L, Balance Sheet and Cash Flow)
• Monthly forecast
• Annual budget
• Store turnover
• Cash flow

Human Capital Responsibilities

• Proactively identify and seek professional development opportunities to improve leadership and technical skills pertaining to the direct line of work
• Apply and follow MAF Retail?s Human Capital corporate policies and relevant procedures and instructions
• Provide training and feedback to direct reportees when required

Financial Responsibilities

• Ensure alignment of procedures in accordance with the Delegation of Authority (DOA)
• Assist in monitoring allocated budget to ensure compliance and highlight possible issues
• Provide inputs on cost reduction measures

Disclaimer: This role description reflects the general details considered necessary to describe the principal responsibilities of the role identified and shall not be construed as an exhaustive description of all the work requirements inherent to success in the role.Definition of Success

• Payments made on a timely basis
• Financial report error rate
• Payroll is processed accurately and timely
• Adherence to all regulatory specifications
• Accuracy and promptness in managing bookkeeping and producing reports

Qualification, Experience & Skills:Minimum Qualifications/education

• Bachelor Degree in Finance, Business Administration or Commerce

Minimum experience

• 2+ years in a similar role, 1+ years in the retail business

Skills

• Highly organized with strong multitasking skills
• Good time management skills
• Good problem solving skills
• High attention to detail
• Good presentation skills

Keyskills :