Business Analyst, BP&A | Retail | IKEA Jebel Ali

Company description

Job Requisition ID: ‎154837
Established in the 1930s as a trading business, Al-Futtaim Group today is one
of the most diversified and progressive, privately held regional businesses
headquartered in Dubai, United Arab Emirates. Structured into five operating
divisions; automotive, financial services, real estate, retail and healthcare;
employing more than ‎35,000 employees across more than ‎20 countries in the
Middle East, Asia and Africa, Al-Futtaim Group partners with over ‎200 of the
world's most admired and innovative brands. Al-Futtaim Group's
entrepreneurship and relentless customer focus enables the organization to
continue to grow and expand; responding to the changing needs of our customers
within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity;
Al-Futtaim Group continues to enrich the lives and aspirations of our
customers each and every day

Job description

Overview of the role
Strategic planning, budgeting, forecasting, management reporting, business
partnering, financial analysis, investments, feasibilities, automation &
regional projects. Moreover, manage approvals, tracking, accounting and
reconciliation of capital expenditure, fixed assets and inventory.
What you will do
Business / Financial Planning
* Support and / or manage business / financial planning, including but not limited to strategic planning, budgeting, and quarterly forecasting in coordination with Group / Retail Finance and business stakeholders. Business / Finance planning process include guidelines, timelines, formats / templates, central inputs, analysis, consolidation, reviews, presentation, Anaplan upload, SAP & BPC validation etc.
* Manage fortnightly Cash forecasting in coordination with relevant stakeholders
Management Reporting & Financial Analysis
* Prepare, analyze, and circulate daily, weekly, and monthly management information reports
* Develop new reports and continuous improvement of existing reports
* Support in testing and automation of management information / business intelligence reports
* Variance analysis and initiate corrective actions
* Support with adhoc financial information, analysis, and support for business functions and stores
* Prepare business or management review presentations
Business Partnering
* Participate, support, or lead initiatives / projects to drive business performance and efficiencies
* Proactively communicate key variances, risks and opportunities to relevant stakeholders for corrective actions
* Collaborate with and support business navigation community for performance improvements
Fixed Assets
* Plan, coordinate, procure approval for capital expenditure
* Manage Asset creation, capitalization, transfer, verification, and disposal of Fixed Assets
* Prepare and circulate Capex Tracker / Fixed Assets Register
* Provide samples, analysis, schedules, and information for internal and external audits
Inventory
* Manage inventory posting, reconciliations and alignment across systems
* Carry out regular inventory analysis to support liquidation
* Provide samples, analysis, schedules, and information for internal and external audits
Business Development, Feasibility Studies, Investment Committee, Approvals
* Participate in Market Potential Development Projects, prepare feasibility reports, investment committee presentations and procure approvals for new projects / investments
* Participate or support business development initiatives / projects like gift cards, BNPL etc.
* Support to prepare post completion reviews or evaluations
* Plan and maintain tracker for pre-operative expenses
Required skills to be successful
* Strong computer skills - including ERP knowledge (preferably SAP, Navision) and advanced MS-Excel knowledge
* Good analytical and presentation skills
* Excellent written and verbal communication skills
* Financial modelling and problem-solving skills.
What equips you for the role
* MBA / ACA / CFA with ‎3 years ' experience in above roles preferably in Retail
* Knowledge of MS Excel and accounting software (preferably ERP - SAP and Navision)
* Desirable to have detailed know how of the IKEA concept and working methods
* Planning, organizing, responsible, analytical, critical thinking and interpersonal skills

Qualification

About Al-Futtaim Retail
Al-Futtaim Retail has established itself as one of the leaders in Retail
across the Middle East, Africa & Asia over the past ‎30 years. We have
developed partnerships with some of the biggest and most respected Brands in
the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex
Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of
the largest Global partners of Marks and Spencer's in both regions with over
‎75 stores offering both fashion & food options.

Most recently we have been responsible for bringing brands to the Middle East
for the first time with the exciting launches of Watsons and B&Q and we aim to
continue to be agile and adaptive to our markets with new launches and further
development. For this to be possible we aim to recruit the best talent from
all backgrounds who will continue to challenge and develop our diverse
workforce which includes over ‎100 nationalities across ‎12 countries. Join us
today and make a difference…