Finance Manager - Saudi National

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Who we are 

We are a leading partner for luxury across the Middle East. With more than 600 stores, 300 brands and over 65 years of experience in the region, we have become a major player in the beauty, fashion and gift sectors, by offering service excellence to our partners and delighting all our customers. We are moving fast from a traditional distributor and retailer for luxury in the Middle East, to a hybrid retailer bringing luxury experiences to the fingertips of customers everywhere.  

To fuel the next stage of our growth we are looking to build a world class team.  From physical retail through to supply chain and customer loyalty, we aim to use technology and data to continuously improve every aspect of our operations.  We are looking for top talent to join us on this journey of exploring new horizons together. 

What you'll be doing 

As a Finance Manager you will be responsible for managing the monthly financial reporting and control cycle of different business units. You will also be responsible for performing corporate control tasks related to balance sheet and cash flow management and supporting the Country Manager through high value-added analysis on performance and control.


  • Participate in budget and revision processes, by delegating responsibilities to budget controllers and coordinating with other departments on information requirements
  • Prepare the management reporting requirements by incorporating and evaluating all key performance indicators that management requires to be able to follow business profitability and its drivers
  • Coordinate and direct the preparation of monthly, quarterly and annual budgets, financial forecasts, core financial planning and analysis, proposal rates, profit plans and schedules instituting and maintaining other planning and control procedures, and analyzing and reporting of variances to local management and commercial verticals
  • Provide detailed monthly operating results and analysis of cost per cost center and cost type, analyzing main variances with latest revision, budget and previous year
  • Anticipate financial problems and recommend action plans for budget control
  • Lead the implementation of Group internal control procedures locally, to verify the integrity of all financial information, ensure and maintain historical records
  • Closely monitor that expenses
  • Assist the Management, ensuring that operational areas are managed efficiently and effectively to insure a low administrative cost and preparing the annual budgets forecasts and cash flow analysis
  • Develop and interpret of statistical and accounting information to appraise operating results in terms of profitability, performance against budget, and other matters bearing on the operating effectiveness of the company
  • Oversee, compile and analyze daily operations and financial information of the finance department
  • Prepare and review weekly financial forecasts and long-range financial plans
  • Act as finance advisory and make recommendations to the board to allow the business to make informed strategic, managerial and operational decisions
  • Liaise with commercial verticals and provide value-added analysis on performance and projections for the respective market
  • Manage the preparation of the official annual report of actual revenues, transfers, and expenses. 
  • Study the strategic activity flows and create the appropriate reporting and monitoring systems 
  • Prepare financial viability analysis and project evaluation for contract negotiations and product investment decisions and develop applicable strategies
  • Manage, plan and direct annual audit and related matters and provide recommendations for procedural improvements
  • Liaise with partner’s finance teams
  • Ensure cash is optimised and propose actions for Working Capital improvements including management of funding


What you'll need to succeed 

You will need to hold professional qualifications in either ACCA, CIMA, CFA or CPA

Arabic speaker

Previous experience of working within the BIG4 (KPMG, EY, PWC or Deloitte)

Previous experience of working in Retail or Distribution

Previous experience in both Finance and Accounting within KSA

What we can offer you 

With us, you will turn your aspirations into reality.  We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.   

We recognise the value that you bring, and we strive to provide a competitive benefits package which includes health care, child education contribution, remote and flexible working policies as well as exclusive employee discounts.  To view all our perks and benefits, click here.

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Jeddah

Chalhoub Group
23424 Jeddah Directions View page

DIVERSITY

With our people at heart, we believe in building a diverse work environment that nurtures and celebrates people’s differences, offers equal opportunities to all and ensures that our team members have a sense of belonging.

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