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Job Description
The Luxury Closet is a company born in Dubai, the heart of luxury in the Arabian Peninsula, where we are redefining the world of luxury. We seek to challenge the norms, and build a company that inspires the smart modern day luxury consumer. In Dubai, we have learnt to dream big, think far, and do what no one thought possible. The Luxury Closet embodies these ideals, and aims to build an iconic brand and company that will connect luxury connoisseurs, and change the future of luxury shopping.
Our mission is to be the leading marketplace for luxury shoppers in the GCC region. We will build a destination that has world class customer experience, differentiated technology and operational performance, and exceptional reach into the closets of the region. We were ranked as the Top 100 Startups Globally by Red Herring in 2016 and Top 4 Startups in UAE by Forbes Magazine, however, we care less for accolades, than our NPS.
Some Facts About The Luxury Closet
- TLC has raised $18m till date across 3 funding rounds
- TLC focuses on resale of perfect condition items from high end brands like LV, Hermes, Rolex from sellers across Middle East, which globally has the highest per capita spend on luxury.
- Founded in 2012, it has expanded rapidly and delivered robust growth. TLC direct-to-consumer sales in MENA represent 60% of revenues and overwhelmingly extends to 40% from Asia to The USA.
- Resale has proved to be a Resilient and High growth Business Model, with TLCs sales growing nearly 100% YOY
- TLC was ranked as Top 100 startups in Arab World by World Economic Forum https://widgets.weforum.org/arabstartups/
Responsibilities
- Maintaining day to day accounting functions
- Assist the team in accounts for monthly closing & reporting as per defined timelines,
- Ensuring compliance with accounting standards, corporate law
- Perform accounts payable/receivable reconciliation
- Perform bank reconciliations on daily basis
- Assist the team in coordination of payroll data and utilities
- Contribute to the work of the team as required
- Assisting the manager in analyzing the accounting data and produce financial reports or statements
- Coordinate for the annual audits
- Establish and maintain fiscal files and records to document transactions
- Managing Inventory on Tally and Excel
Looking to get Placed? Try our Placement Guarantee Plan
- Degree in Finance, Commerce or similar field
- Well versed with IGAAP and IFRS
- Knowledge of Tally accounting software
- Very strong Excel and Power Point skills
- Experience of 2-3 years
Skills
AccountingAccountsBank ReconciliationsSalesAccounting FunctionsAccounting SoftwareAccounting StandardsAccounts PayableIgaapIfrsMonthly ClosingReconciliationsTransactionsFinanceReconciliationFinance ExecutiveIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Like most iconic beginnings, The Luxury Closet has had a profound start. It all began with an Hermès Birkin handbag, and the rest, as we say, is history. Founded in 2012 in the bustling city of Dubai as a three-member team by our founder and CEO, Kunal Kapoor, The Luxury Closet is built on the firm foundation of circularity, authenticity, and excellent customer service. With thousands of unique designer products, global consignors, and buyers, we are one of the most trusted marketplaces for authentic luxury today. A significant milestone in our journey was when two of the Kattan sisters, Huda and Mona, came aboard as investors in 2020. Known as the ‘queen of beauty,’ Huda Kattan is the founder of her eponymous cosmetic line Huda Beauty, and Mona Kattan is the Co-Founder and Global President of Huda Beauty and Kayali. Together, the Kattan sisters bring their creative intake and exceptional business expertise to the TLC family. The Luxury Closet is paving its way to disrupt the world of luxury retail. Bain &Co estimates that there is $500 Billion worth of re-sellable luxury items in consumer's closets, and nonetheless, each year consumers buy nearly $300B more of them. We are also backed by investors like Middle East Venture Partners, Wamda Capital, Two Four 54 - Abu Dhabi, and Dubai Silicon Oasis Authority who are helping us create an amazing company. Please visit www.theluxurycloset.com or download our app to find out more! New or pre-loved, luxury is guaranteed! We truly hope your experience with The Luxury Closet is a happy one.
Important dates & deadlines?
Application Deadline
05 Apr 26, 02:11 PM IST
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