Finance Manager-Retail

Project Management Institute; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Finance Manager to lead financial operations within the retail sector. This pivotal role involves developing financial strategies, ensuring compliance with UAE regulations, and optimizing financial performance through effective budgeting and reporting. You will collaborate with senior management to drive business growth while managing risks and enhancing internal controls. If you possess a strong background in financial management, particularly in the retail industry, and are ready to make a significant impact, this opportunity is tailored for you.

Qualifications

• 5-8 years of experience in financial management, especially in retail.
• Strong knowledge of IFRS and UAE tax regulations.

Responsibilities

• Develop financial strategies and oversee compliance with UAE regulations.
• Conduct variance analysis and manage retail-specific finance operations.

Skills

Financial Management

Budgeting

Financial Reporting

Cost Control

Variance Analysis

Analytical Skills

Leadership

Problem-Solving

Education

CA/CPA/ACCA

MBA Finance

Tools

ERP Systems (SAP, Oracle)

Advanced Excel

Job description

Our client seeks to recruit a Finance Manager for their retail business to oversee the financials of the company and ensure compliance with UAE financial regulations. This position is integral to optimizing financial performance, managing budgeting, forecasting, financial reporting, and cost control to support business growth and profitability.

Key Responsibilities:

• Develop and implement financial strategies aligned with business objectives.
• Set up financial models for newly incorporated companies.
• Conduct variance analysis and provide insights for informed decision-making.
• Ensure timely preparation of financial statements (P&L, balance sheet, cash flow).
• Oversee compliance with UAE tax laws (VAT, corporate tax) and financial regulations.
• Coordinate with external auditors for annual audits and statutory reporting.
• Manage retail-specific finance operations, including POS system reconciliation, sales reporting, and margin analysis.
• Monitor store financial performance, ensuring accurate revenue recognition and expense tracking.
• Evaluate promotions, discounts, and loyalty programs from a financial perspective.
• Develop and enforce internal controls to prevent fraud and financial discrepancies.
• Identify financial risks and implement mitigation strategies.
• Ensure secure handling of retail transactions and payment processing.
• Collaborate with senior management on business expansion plans and financial strategies.
• Liaise with banks, financial institutions, and suppliers for financing and payment terms.

Requirement:

• CA/CPA/ACCA or MBA Finance.
• Minimum 5-8 years of experience in financial management, with a strong background in the retail/fashion industry.
• Strong knowledge of IFRS, UAE tax regulations, and financial reporting.
• Expertise in financial modeling, budgeting, and cost control.
• Proficiency in ERP systems (SAP, Oracle, or similar) and advanced Excel skills.
• Strong analytical, leadership, and problem-solving abilities.