Senior Finance Business Partner

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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 will be doing 

As Senior Finance Business Partner you will be responsible for leading the Finance function of a business unit that incorporates several luxury fashion brands. You will be analyzing risks and guiding the business, to assist in measurement, planning and forecasting of activities and implications on income statement and balance sheet. Working closely with the business unit you will also be responsible for developing, interpreting and implementing financial planning, budget and control.

JOB RESPONSIBILITIES:

  • Develop trustworthy relationship with the Business Unit to drive financial management and processes 
  • Support operations in preparing P&L projection, analysis of financial viability of new investments and budget follow-up 
  • Organize internal and external reporting; make constructive proposals and act as an internal advisor to Business units’ Managers and Group Finance Manager to monitor the business 
  • Evaluate business proposals with complete analysis of economic impact on business 
  • Assist in developing Financial Strategic Planning such as the 3-Y Plan Review purchase cycle and analyze the Cash Flow and stock position on regular basis to provide corrective actions if necessary 
  • Prepare variance analysis and recommendations on monthly financial figures from business units compared to budget and last year and issue reports as required by the management 
  • Follow up and control the capital expenditure budgets allocated to the business unit Monitor the cost structure of the companies’ business units and prepare business profitability analysis 
  • Arrange, observe and control the P&L, balance sheet and recommend action Provide Internal Control and ensure compliance with all Group Policies and Procedures Prepare and monitor the performance of internal rate of return (IRR) and Net Present Value (NPV) studies for new investments 
  • Revise the budgets and close follow up on: collections, payables, stock, sales and net margin. challenge assumption and propose revisions 
  • Drive month end closing by analyzing trial balances, researching general ledger activity and variances to budget and prior year 
  • Develop and improve processes related to expenditure, appropriate financial methods to better evaluate and measure performance 
  • Provide analytical support as required to various cross-function initiatives and ad hoc projects (e.g. preparing business plans, study of the cash flow and P&L) 
  • Instigate and participate in all process improvement initiatives related to the Business Unit 
  •  Develop trustworthy relationship with the Business Unit to drive financial management and processes 
  • Support operations in preparing P&L projection, analysis of financial viability of new investments and budget follow-up 
  • Organize internal and external reporting; make constructive proposals and act as an internal consultancy to Managing Director, Business units’ Managers and Group Finance Manager to monitor the business 
  • Evaluate business proposals with complete analysis of economic impact on business 
  • Analyze financial information to produce forecasts of business, industry and economic conditions for use in making decisions 
  • Assist in developing Financial Strategic Planning such as the 3-Y Plan Review purchase cycle and analyze the Cash Flow and stock position on regular basis to provide corrective actions if necessary 
  • Prepare variance analysis and recommendations on monthly financial figures from business units compared to budget and last year and issue reports as required by the management 
  • Follow up and control the capital expenditure budgets allocated to the business unit Monitor the cost structure of the companies’ business units and prepare business profitability analysis 
  • Arrange, observe and control the P&L, balance sheet and recommend action Provide Internal Control and ensure compliance with all Group Policies and Procedures Prepare and monitor the performance of internal rate of return (IRR) studies for proposed outlets and new products 
  • Revise the budgets and close follow up on: collections, payables, stock, sales and net margin. challenge assumption and propose revisions 
  • Drive month end closing by analyzing trial balances, researching general ledger activity and variances to budget and prior year 
  • Develop and improve processes related to expenditure, appropriate financial methods to better evaluate and measure performance 
  • Provide analytical support as required to various cross-function initiatives and ad hoc projects (e.g. preparing business plans, study of the cash flow and P&L) 
  • Instigate and participate in all process improvement initiatives related to the Business Unit 
  • Participate in relevant projects and community activities as and when needed

 What you'll need to succeed 

This role requires somebody with exceptional stakeholder management and relationship building skills, as well as a creative and collaborative outlook. A true partner to the business unit, able to guide, advise and challenge in order to produce outstanding business results. 

You will need to be have the following: 

  •  8-10 years experience in a Finance Business Partner role
  • Strong, recent experience in the retail or fashion industries
  • At least one of these qualifications - CFA, ACCA, CIMA
  • Experience in the UAE and/or GCC region is an advantage but not essential
  • Arabic and/or French language skills would be an advantage but not essential

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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Dubai

Chalhoub Group d3 Office
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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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