Financial Controller (Business Navigator) | IKEA | Mall of Arabia (6th of Oct), Egypt

Al-Futtaim - Cairo

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Experience Needed:
3 to 5 years
Career Level:
Experienced (Non-Manager)
Job Type:
Full Time
Salary:
Confidential
Vacancies:
1 open position
About the Job

Key Specific Accountabilities:

Financial and Operations

  • Responsible to coordinate preparation with store team
  • Store sales tree: daily, weekly, monthly & yearly
  • Budgeting and forecasting : mid-month flash, monthly,quarterly , yearly, and 5/10 year
  • Store Business yearly business plan
  • CAPEX plan and execution
  • Manpower budgeting
  • 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.

Process and Compliance

  • 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

Cash Office Operations

  • 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.
  • Accountable for the following – not exclusive, however a priority;
  • Daily reconciliation of store takings & reporting
  • 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

Recovery

  • 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

Store KPI Ambassador

  • 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.
  • Analyse and discuss individual department KPI with department ; agree and follow up on action plans

People Management & Development

  • 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 )
Job Requirements

What's more, we believe that you have the following knowledge, capabilities and motivation:

  • Live and share the IKEA values every day
  • Commerce/Business Administration Graduate with experience in Audit, ERP system and Financial reporting
  • 3 - 5 years Retail Management experience, financial & accounting experience preferred
  • Prior work experience preferably in Retail industry, IKEA experience preferred
  • Highly developed understanding of retail operations
  • Strong knowledge in Profit & Loss management
  • Experience of managing teams/departments
  • Advanced computerskills
  • Excellent communication skills
About this Company

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... (More)

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