Financial Planning Associate Full-time Job

What You'll Be Doing

Work closely with operational sales and marketing managers and develop excellent knowledge of the business units’ operating environments including market size, industry trends, competitors, brands, margins, retail outlets as well as advertising spend etc.

Support Marketing and Sales Teams in preparing P&L projection for promotions and launches, analysis of financial viability of new openings and marketing budget follow-up

Analyze financial information to produce forecasts of business, industry and economic conditions for use in making decisions.

Measure, plan and forecast Marketing activities and implications to income statement and balance sheet

Develop Financial Strategic Planning as 3-Y Plan, strategic plan, Annual Plan & Quarterly Plan updates

Review purchase cycle and analyze the Cash Flow on weekly basis to provide corrective actions if necessary

Prepare the Monthly Tableau de Board (TDB), the Budget and the revised Budget TDB from individual company TDBs

Prepare analysis and recommendations on monthly financial figures from business units compared to budget and last year and issue reports as required by the management

Provide analysis and recommendations on annual and revised budgets, challenge assumption and propose revisions

Arrange, observe and control the P&L, balance sheet and Interest rate parity (IRP) and recommend action

Assemble spreadsheets and draw charts and graphs used to illustrate technical reports

Build and manage a comprehensive KPI’s model (Financial & Business) in line with Company’s objectives and captures all relevant info needed to manage the business

Run a GAP analysis to maintain financial standards as budgeted and process revisions

Prepare operating budgets based on previous figures or estimated revenue and expense reports

Review actuals against the budget performances and prepare reports explaining budgets deviations

Develop and improve processes related to expenditure, appropriate financial methods to better evaluate and measure performance

Take the data generated by the Accounting Department (input) and transform it into meaningful management information

Analyze and follow-up of all management and financial indicators

Provide Internal Control, ensure compliance with all Group Policies & Procedures and assist departments in running their businesses

Support monthly closing process, preparation of journal entries, compilation of financial statements and analysis of financial activity

Maintain knowledge and stay abreast of developments in the fields of business, finance, and economic theory, to drive continuous improvement of financial reports and to evaluate their impact on the business

Provide analytical support to various treasury or cross-function initiatives and ad hoc projects

Participate in new projects by processing simulations for new joint ventures and preparing business plans, study of the cash flow and P&L

Prepare and monitor the performance of internal rate of return (IRR) studies for proposed outlets and new products

What You’ll Need To Succeed

Excellent Communication Skills

Outstanding academics from a top-tier university. Bachelor’s degree in finance, economics, engineering, computer or data science, mathematics or physics

CFA certification

Strong quantitative and qualitative analytical skills

3-5 years of relevant experience

Strong financial acumen including ability to analyse and understand financial statements including P&L, Cash flow and balance sheet

Strong modelling skills essential

Keen interest in fashion, beauty, ecommerce and retail technology

An excellent command of English – a second language is not a requirement but would be useful

Ability to integrate quickly into a dynamic team

Entrepreneurial work ethic; high quality work output essential

We are Chalhoub Group, a leading partner for luxury across the Middle East for over 60 years. By blending our Middle East expertise, deep understanding of the local customer and intimate knowledge of luxury, were dedicated to making every customer experience unforgettable. For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion, and art de vivre categories. More recently, the Group expanded its expertise into new categories of luxury watches, jewellery, and eyewear. Every step at Chalhoub Group is taken with the customer at heart. Be it constantly reinventing itself or focusing on innovation to provide luxury experiences at over 750+ experiential retail stores, online and through mobile apps, each touch point leads to delighting the customer. Today, Chalhoub Group stands for 14,000 skilled and talented professionals across seven countries, whose cohesive efforts have resulted in the Group being ranked third in the Middle East and first in Saudi Arabia as a Great Place to Work. To keep the innovation journey going, the Group has set up The Greenhouse, which is not just an innovation hub, but also an incubator space and accelerator for start-ups and small businesses in the region and internationally. This is just one of the several initiatives taken by the Group to reinvent itself, catalysed by forward thinking and future proofing. The Group has also been embedding sustainability at the core of its business strategy with a clear commitment towards people, partners and the planet, and by being a member of the United Nations Global Compact Community and signatory of the Women's Empowerment Principles.