Assistant Financial Analyst

Job description / Role

About us

As a leader in luxury retail in the Middle East, Al Tayer Groups 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 Bloomingdale’s, Harvey Nichols and Armani to name just a few!

Job purpose

To manage the accounting function of the company (or assigned companies – as applicable) in accordance with international standard accounting practice, so as to accurately compute and reflect the financial position of the company.

Functional roles and responsibilities

• Exercise proper control over the capital expenditures and ensure accurate capitalization of the assets.
• Analyze the inter company, head office expenses and other overheads and ensure proper controls as compared to budgeted figures and seek proper explanation to validate them.
• Allocate the common expenses to various cost centers as per predefined criteria and ensure control over common accounts.
• Assist in preparing budgets, business plan and forecast exercises by liaising with other departments involved, collection and verification of data and populating it in budgeting tools.
• Ensure proper accrual is being maintained for the services availed and compile the same in balance sheet schedules.
• Verify commission for the sales staff based on agreed criteria.
• Prepare sales report or ad hoc reports for management to evaluate business performance.
• Liaise with the operational units to identify forex requirements and report same to treasury department.
• Liaise with banks for bank guarantees, letter of credit (import/export) as requested by operations.
• Prepare cash flow statement for the current month and the forthcoming months to ensure that at no point of time company faces cash crunch and defaults in payments.
• Facilitate the audit of accounts by internal and external auditors. Examine the audit report in consultation with seniors and implement corrective action if required to improve efficiency and transparency.
• Preparation of monthly management reports.
• Conduct periodic counts of fixed assets and trading inventory to ensure its availability and fair valuation.

Education/certification and continued education

Commerce graduate with CA Inter/Semi qualified.

Years of experience

5 to 7 years in an accounting function.

Knowledge and skills

• Knowledge/experience in international accounting practice in a computerized environment.
• PC literate with good Excel knowledge and exposure to ERP solutions.
• Should be familiar with International Financial Reporting Standards.
• Should have good analytical, numerical and research skills.
• Should have good organizational and planning abilities including the ability to deal with/work under pressure.

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.