Accounts Manager – Finance – Kuwait

Job Description

Finance
Our multi-disciplined finance teams support and improve business performance while maintaining effective and robust control. We have teams working within our retail divisions reviewing financial performance, identifying trends, spotting opportunities and supporting business planning and decision making. In our Central Finance Team, business performance is recorded, reported and analyzed on a monthly, quarterly and annual basis. Finance staff also play an active role in the review and enhancement of business processes and technology usage.
Role Profile:
Lead a team to plan, implement, coordinate and manage the various Financial functions for the assigned remit.
The below Key Performance Areas include but are not limited to:
Review process and suggest / implement changes.

• Ensure company operates in accordance to all local country law requirements and with international accounting standards.
• Ensure compliance with financial regulations and requirements of applicable country commercial, customs and tax laws, and with international accounting standards. Monitor the Company's accounting policies and procedures, and manage accounting processes and controls.
• Identify key financial components of assigned brand contracts. Monitor and advise brand management on fees, payment schedules and reporting requirements, to optimize franchise relationship. Assess impact of changes/application of legal/financial framework on accounting processes.
• Decide fitness for purpose of policies and procedures, and recommends changes/process re-design

Ensure transparent communication to/from business divisions and deliver financial objectives.

• Co-ordinate all financial activities within assigned country/countries and brand accounts.
• Develop channels for information flows, ensure understanding of contractual and statutory requirements, constraints and regulations, and build appropriate relationships within and outside the Business.
• Propose solutions/practical changes in operation of financial systems.
• Identify key relationships and best strategies to nurture/maintain them to the advantage of the Business.

Review and report on business critical information and make/recommend corrective action to internal partners.

• Alert Operational, Brand and Finance Management to under- or over-performance.
• Develop options for corrective action. Work with involved management to revise overall brand account servicing strategies, and/or to implement tactical financial solutions to maximise profitability. Decide range of financial corrective actions required.
• Reach agreement with involved managers on overall strategy / immediate actions to return profitability/brand account to acceptable/planned performance.

Review, evaluate, and implement changes to policies and procedures and processes to benefit the Business.

• Develop and analyse business costing structure (variance, actual versus standard / brand or store trends / expenditure patterns / stock take results, etc.), and continuously monitors these against the approved Business Plan. Decide whether corrective action is required and should be reported on with specific recommendations.

Knowledge:

• Retail Business operations
• Financial, Commercial & Islamic regulation
• Automated Business systems
• Degree in Finance and Professional Accounting Qualification

Experience:

• 5-7 years experience in medium to large FMCG/Retail multinational enterprise operating within the Gulf.

Additional role requirements and skills:

• Able to handle the complete accounting of an entity independently.
• Finalization of accounting for monthly, annual closing and audit.
• Thorough knowledge of accounting standards and practices.
• Ensure accounting transactions in accordance with company's Chart of Accounts.
• Ensure correct application of company policy and procedures.
• Ensure company operates in accordance to all local country law requirements and with international accounting standards.
• Co-ordinate all financial activities within assigned country/countries and brand accounts.
• Able to meet strict deadlines.
• Able to manage the annual audit and finalization of audit within deadlines.
• Good understanding of tax norms and ensure to meet tax deadlines

About Us:
Alshaya Group is a dynamic family-owned enterprise which was first established in Kuwait in 1890. With a consistent record of growth and innovation, Alshaya Group is one of the world's leading brand franchise operators, offering customers an unparalleled choice of well-loved international brands, including: Starbucks, H&M, Mothercare, Debenhams, Cos, American Eagle Outfitters, P.F. Chang's, The Cheesecake Factory, The Body Shop, M.A.C, Victoria's Secret, Boots, Vavavoom, Pottery Barn and KidZania.
Alshaya Group's portfolio extends across MENA, Russia, Turkey, and Europe, with thousands of stores, cafes, restaurants and leisure destinations, as well as a growing online and digital business.
Operating in multiple sectors including Fashion, Food, Health & Beauty, Pharmacy, Home Furnishings and Leisure & Entertainment, Alshaya Group colleagues are united by a commitment to delivering great customer service and brand experiences.
Fresh, modern, and relevant, Alshaya's constantly evolving retail portfolio reflects the choices and lifestyle of its customers. From flagship stores and restaurants in prestige malls, to local coffee shops, drive-thrus and online, Alshaya Group brings customers the brands they love in the places they want to be.

Job Details

Employment Types:

Full time

Industry:

Retailing

Function:

Finance & Accounts

Roles:

Accounts Head / GM – Accounts

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