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Financial Analyst 2 Year Contract

Country : United Arab Emirates United Arab Emirates

Region : Dubaï

Town : DUBAI

Category : Finance

Contract type : Permanent

Availability : Full time

Job description

About Us

As a leader in luxury retail in the Middle East, Al Tayer Group\'s retail division, Al Tayer Insignia, hosts a portfolio of some of the world\xe2\x80\x99s best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!

About The Role

We are looking for a Financial Analyst, for a 2 year contract, to provide support and advise to the Company Management on all financial matters and ensure control and compliance of procedures and schedule of authority, besides maintenance of accounts and company\xe2\x80\x99s assets, to accurately reflect the financial health of the company.

What You\xe2\x80\x99ll Be Doing

\xc2\xb7 You will provide support, service and advise on all financial matters to the company\xe2\x80\x99s management, i.e., budgets preparation, and presentation, management accounting, MIS and all other financial and non-financial reports and statements.

\xc2\xb7 Liaise with all central and company departments for budgeting and forecasting purposes. Consolidate annual accounts and ensure timely audit of the annual accounts.

\xc2\xb7 Exercise budgetary controls, accounting, and physical control as per laid down procedures of asset management. Also exercise controls on other purchases and services.

\xc2\xb7 Ensure tax compliance; return filing for timely basis wherever applicable.

\xc2\xb7 Ensure proper insurance cover on company\xe2\x80\x99s assets in coordination with corporate finance.

Carry out inventory control function: like approval of orders, opening of L/Cs, retirement of documents, costing and pricing, insurance, review of inventory ageing etc., to ensure that laid down norms are observed.

\xc2\xb7 Ensure that credit limit controls and procedures are observed. Review collection and ageing of debtors. Advise management on credit limits and provide MIS and exception reporting.

Monitor internal/ external payments on timely basis and exercise internal controls so that payments are made as per the approved terms for goods and services supplied. Exercise controls on other purchases and services.

\xc2\xb7 Ensure that all accounting entries are incorporated in the company accounts after they have been approved as per the schedule of authority. Ensure that accounts are kept up to date to reflect all the transaction of the business, including all reconciliation with the bankers, debtors, creditors, and groups companies.

\xc2\xb7 Monitor bank balances against the facilities to ensure that the company operates within the approved facilities. Project cash flows and advise appropriate authorities in case of likely shortfall. Ensure controls are exercised in cash collections, cash held and banking.

\xc2\xb7 Forecast foreign exchange requirements are communicated to HO Finance and advise any change as and when necessary.

\xc2\xb7 Review monthly/Annual closing activities in accordance with corporate policies and IFRS and ensure timely submission of monthly management reports.

About You

Education: Qualified CA.

Experience: 4 to 5 years post qualification experience.

Other requirements:

\xc2\xb7 Experience with international risk management practices is essential.

\xc2\xb7 Consultancy/ Compliance Risk experience in the UAE market would be an advantage.

\xc2\xb7 Knowledge/ experience in international accounting practice in a computerized environment.

\xc2\xb7 PC Literate with good Excel knowledge and exposure to ERP solutions.

\xc2\xb7 Should be familiar with International Financial Reporting Standards.

\xc2\xb7 Should have the ability to analyze financial issues.

\xc2\xb7 Should have good analytical, numerical and research skills.

\xc2\xb7 Should have good organizational and planning abilities including the ability to deal with/work under pressure and tight deadlines.

\xc2\xb7 Should be able to communicate effectively and have excellent negotiation skills.

\xc2\xb7 English language is essential.

Additional Information

Al Tayer Group