OPPORTUNITY DETAILS
Total reward
0 $
Nonprofit organization
Area
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Deadline
13 Sep 2020
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Eligible Region
Al Futtaim offers a job opportunity in Egypt to work as a financial controller (Business Navigator). Company's vision is to create a better everyday life for the many people. Al-Futtaim IKEA holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates.
Eligibility:
You must have:
- Strong analytical and tactical planning abilities.
- Proven leadership abilities and lead by example.
- Excellent communication and training skills.
- The ability to build effective working relationships and have the ability to bring out the best in co-workers to motivate and develop the organization.
- Live and share the IKEA values every day.
- Be commerce/business administration graduate with experience in Audit, ERP system and financial reporting.
- It's preferred to have from 3 to 5 years of retail management experience, financial & accounting experience.
- It's preferred to have prior work experience preferably in retail industry, IKEA experience.
- Highly developed understanding of retail operations.
- Strong knowledge in profit & Loss management.
- Experience of managing teams/departments.
- Advanced computer skills.
- Excellent communication skills.
Your Responsibilities:
You will be responsible of:
- Identify and evaluate business opportunities to enable IKEA organizations to make optimum decisions.
- Initiate and support the development of new ways of working, with focus on simplicity.
- Provide relevant and user friendly business information standardized for all IKEA organization and being custodian of Al Futtaim groups policies and procedures and guide store team to mitigate business risks.
- Use the IKEA knowledge and the local market to work together with the store management team members in an inspiring, supportive and challenging way, so as to steer the store towards growth, optimal performance and sustained long term profitability, in line with the IKEA objectives and values.
- Coordinate preparation with store team.
- Store business yearly business plan.
- CAPEX plan and execution.
- Analyse & discuss store P&L performance 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 throughout 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.
- Follow up on previous audit reports, checking implementation of audit recommendations (including documentations).
- Support the regional office in creating, amending SOPs based on improving the operational efficiencies, but 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.
- Continue to investigate areas of the store that could lead to possible stock losses and fraud if routines are not updated and communicated.
- Show a proactive approach by using information from co-workers/ meetings etc to assess areas where possible stock losses and fraud could be found.
- Lead investigations related to fraud /stock loss.
- Manage and control the cash office functions and ensure daily/ weekly and monthly routines are followed.
- Audit measures to make sure that daily reconciliation of collections are true and fair in all aspects.
- Audit the cash in the business navigation department.
- 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.
- Manage and control all TT types and ensure audit compliance on stock movement.
- Achieve recovery index goals while minimizing recovery stocks.
- Analyse increase in inventory stock movement and discuss with store management ways to optimize.
- Optimize discounts in AS-IS department to maintain balance between stock and recovery index.
- Ensure that accurate reports are provided to the store/ regional office management consistently to meet reporting deadlines.
- Coordinate preparation of store KPI’s for store and regional management analysis and actions.
- Lead and train the team to be able to carry out all cash office and admin/audit functions.
- 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 ).
About Al-Futtaim:
Al-Futtaim’s family business traces its origins back to the 1930s on the banks of the Dubai Creek, a trailblazer for innovative trading concepts designed to enrich lifestyles. Today, Al-Futtaim is present in 29 countries, represents over 200 companies spanning the automotive, finance, retail, and real estate industries, and it is now 42,000 people strong. Currently spanning the automotive, finance, retail, and real estate industries, Al-Futtaim’s diverse and far-reaching portfolio of brands and companies are ever-present in people’s lives, from the shores of Singapore to the sands of the UAE.
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