Finance Business Partner

Job description / Role

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's 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

As a Finance Business Partner you will collaborate with the business and translate strategies into plans and budgets. You will provide Business unit management on future business performance management through:
- Financial Planning & Analysis
- Budgeting & Forecast
- Management Reporting
- Performance Monitoring
- Delivery of Finance Business Partnering
- Risk Management

What You'll Be Doing

Strategic Roles and Responsibilities:

- Drive the development and delivery of strategic and operational business plans at business unit level, and the development and implementation of financial budgets and plans that enable the commercial teams to meet financial targets.
- Manage the Divisional commercial teams through the Annual Budget and Forecast Cycle.
- Manage the delivery of business planning and performance management (reporting) for commercial teams.
- Manage the continuous alignment to financial and risk management governance frameworks, systems and processes
- Manage and monitor Brand & Business unit financial positions through the production of monthly management reports and insights.

Functional Roles and Responsibilities:

Provision of commercial and financial support to Business.

- Manage performance reporting and analytics for the Business unit management and operations teams.
- Support commercial projects, financial business cases and feasibility studies as required.
- Contribute to business growth and profitability efforts including business cost optimization and performance improvement initiatives.
- Manage profitability through efficient cost base and resource allocation, ownership of the Profit & Loss (P&L), cash flow and balance sheet of the business units, principals and brands.

Performance monitoring:

- Manage the delivery of monthly management reports including preparation of financial reviews and forecasts for monthly business reviews in accordance with Group requirements
- Manage the review of profitability across the Business units both current and forecast
- Manage and maintain mechanisms at contract level to track and report on key areas of financial and operational risk and opportunity impacting profit maximization
- Manage annual business planning and budgeting at Business unit level.
- Manage the annual and multi-year business forecasts and trends analysis.
- Manage monthly budget discussions providing insights and analysis to the Business unit management to enable effective decision-making.
- Proactively manage gross profit margin, revenue, labour, COGS optimization and margin enhancing opportunities.
- Manage compliance to policies, procedures and processes.
- Manage functional optimization by leading process compliance and evaluation.
- Manage Business Financial Risk Management at Business unit levels.
- Support Group Audits in a timely manner and ensure that all agreed audit recommendations relating to finance and risk management, systems and processes are actioned appropriately.

Requirements

People Management Roles and Responsibilities:

- Lead the performance of the Divisional Commercial Finance Team aligned to the performance management cycle for the Group.
- Identify and assess training needs of team members to improve team efficiency.
- Guide, develop inspire and motivate direct reports to enhance performance and quality of work.
- Ensure team compliance with Group standards, procedures and practices.

Job Requirements

- Bachelor or Masters Degree with a professional qualification (CA/ACCA/CIMA/CPA/MBA)
- Up to 8 years' post- qualification experience, with at least 5 years' experience in Finance Business Partner role or similar role within the retail industry

About the Company

Established in 1979, Al Tayer Group is a privately-held, diversified company with operations in 12 countries in the Middle East and beyond. With over 7,800 employees from 95 different nationalities, the Group has its headquarters in Dubai, UAE.

Al Tayer Group operates leading, quality-focused businesses in automobile sales and service, luxury and lifestyle retail, perfumes and cosmetics distribution, engineering as well as interiors contracting. The Groups portfolio includes several of the worlds leading brands such as Armani, Bvlgari, Banana Republic, Ford, Ferrari, Gucci, Gap, Harvey Nichols and Maserati. The Group operates over 180 stores across multiple markets in the Middle East. In addition, Al Tayer Group has investments in commercial real estate, contracting, supply chain management, precision tools manufacturing and travel agency services.