Financial Controller

Job Description

INSPIRE | EXHILARATE | DELIGHT

For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion, and art de vivre categories. More recently, the Group expanded its expertise into new categories of luxury watches, jewellery, and eyewear.

Every step at Chalhoub Group is taken with the customer at heart. Be it constantly reinventing itself or focusing on innovation to provide luxury experiences at over 750+ experiential retail stores, online and through mobile apps, each touch point leads to delighting the customer.

Today, Chalhoub Group stands for 14,000 skilled and talented professionals across seven countries, whose cohesive efforts have resulted in the Group being ranked third in the Middle East and first in Saudi Arabia as a Great Place to Work®.

To keep the innovation journey going, the Group has set up "The Greenhouse", which is not just an innovation hub, but also an incubator space and accelerator for start-ups and small businesses in the region and internationally. This is just one of the several initiatives taken by the Group to reinvent itself, catalysed by forward thinking and future-proofing. The Group has also been embedding sustainability at the core of its business strategy with a clear commitment towards people, partners and the planet, and by being a member of the United Nations Global Compact Community and signatory of the Women’s Empowerment Principles.

What you’ll be doing

The Financial Controller is responsible for managing the monthly financial reporting and control cycle of different business units. He/she performs tasks related to balance sheet and cash flow management and supports the Finance Manager through analysis on performance and control.

JOB RESPONSIBILITIES:

Financial Planning & Controlling

– Drive the budget and revision processes by coordinating with other departments on information requirements
– Refine management reporting to incorporate and evaluate required key performance indicators and follow business profitability
– Coordinate and direct the preparation of monthly, quarterly and annual budgets, financial forecasts, core financial planning and analysis, proposal rates, profit plans and schedules
– Provide detailed monthly operating results and analysis of cost and analyse main variances
– Anticipate financial problems and recommend action plans for budget control.
– Assist the Finance Manager in ensuring operational areas are managed efficiently, expenses are on target with projections, companies are operating within budget and Group internal control procedures are implemented
– Work closely with the Financial Manager to ensure that expenses are on target with projections
– Develop and interpret statistical and accounting information in order to appraise operating results
– Assist in establishing major economic objectives and policies for the company and prepare reports that outline the company’s financial position in the areas of income, expenses, and earnings based on past, present and future operations.
– Recommend benchmarks for measuring the financial and operating performance of divisions
– Oversee, Compile and analyze daily operations and financial information of the finance department.
– Prepare and review weekly financial forecasts and long-range financial plans.
– Direct the monthly, quarterly and year-end close activities to insure compliance with corporate time lines.
– Act as finance advisory and make recommendations to allow the business to make informed strategic, managerial and operational decisions.
– Ensure all finance records are kept accurate and in line with legislative requirements Reporting
– Prepare and submit monthly and quarterly reporting