Financial Planning & Reporting Manager

Job Summary

• Design effective budget models for departments and the entire company;
• Review proposed budget submissions from department managers for accuracy and completeness and create a consolidated budget version for management approval;
• Ensure the timely submission of the annual budget and revised forecasts to the CFO;
• Identify and report variances between actual and budgeted financial results at the end of each reporting period (Statements of Income and Cash Flows);
• Update the budget model as requested to account for significant changes in the business environment;
• Review, analyze and assist the CFO in writing the commentary (Recommendation) of the monthly financial statements and the related set of breakdown reports;
• Ensure the timely submission of the monthly set of reports to the EXCOM;
• Prepare financial presentations to EXCO, BOD and any external parties; and
• Examine the monthly purchasing (inventory) budgets and issue recommendations to the approval bodies.
• Review open sales orders, and ensure on time closure;
• Ensure the monthly matching between revenue and COGS;
• Review and examine the gross margin for all non-workshop categories and submit a weekly GM Variance analysis report on a product line level.
• Identify the root cause of any deviation of the targeted GM, and communicate to the concerned parties;
• Ensure on time correction of the deviated GM;
• Review non-promotional discounts on a daily basis and submit a weekly report of the variances to the budget identifying the cause of each variance the recommended action.

Job Requirements

• More than 7 years
• Not Specified at least
• Retail

Desired Candidate Profile

• Proven working experience in budgeting and financial modelling;
• 7 years of overall combined managerial accounting and financial planning / budgeting experience
• Bachelor in Accounting
• CMS
• Thorough knowledge of Management Accounting
• Experience in Retail business
• Experience in ERP systems (SAP Preferred)
• Strong modelling capabilities
• Excellent skills and knowledge in MS Excel and Power point
• Fluent in Arabic and English.
• Strong report writing, analytical, presentation, coaching and communication skills
• High level of integrity and dependability with strong sense of urgency and details & results-orientation