Senior Associate - Finance

Job description / Role

Job Type
Full Time

Job Location
Dubai, UAE

Nationality
Any Nationality

Salary
Not Specified

Gender
Not Specified

Arabic Fluency
Not Specified

Job Function
Finance, Business Analysis & Consulting

Company Industry
Retail

Inspire | Exhilarate | Delight

For over seven decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. In its pursuit to excel as a hybrid luxury retailer, the Group has curated a portfolio of over 10 owned brands and strengthened its distribution and marketing expertise for over 400 international names across luxury fashion, beauty, jewellery, watches, eyewear, and art de vivre categories.

Every step at Chalhoub Group is taken to build a future where luxury dreams become reality - bridging cultures and crafting memorable experiences for our consumers. Be it by constantly reinventing itself, committing to innovation, or embracing new technologies, the Group is shaping the future of luxury retail. It delivers seamless omnichannel experiences across more than 950 stores, online platforms, and mobile apps. Driving this innovation journey is The Greenhouse - the Groups innovation hub, incubator, and accelerator for startups and emerging businesses, regionally and globally.

Chalhoub Group fosters a people-at-heart culture rooted in diversity, equity, and inclusion, and a workplace catalysed by forward thinking and future-proofing. Today, it brings together over 16,000 talented professionals across eight countries in the Middle East, with a presence in LATAM. Their collective efforts have earned the Group the Great Place to Workregistered certification in several markets.

Sustainability is at the core of the Groups strategy, guided by a clear commitment to people, partners, and the planet. Chalhoub Group is proud to be a member of the United Nations Global Compact, a signatory of the Womens Empowerment Principles, and to have pledged to reach Net Zero by 2040.

What youll be doing

As a Senior Associate - Finance you will support the financial planning and performance of the Beauty Business Unit by delivering accurate analysis, forecasting, and budgeting. The role helps assess risks, guide decision-making, and ensure financial controls are in place.

You will work cross-functionally to interpret financial data, improve reporting, and contribute to business growth through operational efficiency and strategic insight.

Responsibilities

• Develop trustworthy relationships with the Beauty Business Unit to drive financial management and processes.
• Support operations in preparing P&L projections, 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-year plan.
• Review purchase cycle and analyze the cash flow and stock position on a 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 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.
• Prepare the monthly Tableau de Bord (TDB).

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• Revise the budgets and closely follow up on collections, payables, stock, sales, and net margin; challenge assumptions 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, applying appropriate financial methods to better evaluate and measure performance.
• Provide analytical support as required to various cross-functional initiatives and ad hoc projects (e.g., preparing business plans, study of the cash flow and P&L).
• Investigate and participate in all process improvement initiatives related to the Business Unit.
• Participate in relevant projects and community activities as and when needed.

What youll need to succeed

• You possess 3 to 5 years of experience in financial planning and analysis.
• You are proactive, solutions-oriented, self-driven, and collaborative.
• You possess strong stakeholder management and communication skills.
• You have the ability to simplify complex data.

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.

We invite all applicants to apply

It takes diversity of thought, culture, background, differing abilities, and perspectives to truly inspire, exhilarate, and delight our customers. At Chalhoub Group, we are committed to inclusion and diversity.

We welcome all applicants to apply and be part of our exciting future. We ensure equal opportunity for all our applicants without regard to gender, age, race, religion, national origin, or disability status.

Department: Finance & Treasury

About the Company

The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.

By blending its Middle East expertise and intimate knowledge of luxury, Chalhoub Group is building brands in the region, by offering service excellence to all its partners and a unique experience to its customers through its passionate teams.

With a growing workforce of more than 9,000 people, implemented in 14 countries, as well as the operating of over 470 retail outlets, the groups success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Groups competitive edge in todays market.

By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.