AF25798 - Senior Financial Analyst – Retail Analyst | Finance | AFGRE | Cairo, Egypt
Department:Al Futtaim Real Estate
Location:Cairo I Egypt
Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates.
Al-Futtaim employs in excess of 44,000 people, operates through more than 200 companies and represents more than 225 international brands across industries as diverse as retail and wholesale trading, distribution, real estate development, leisure and hospitality, insurance and financial services. The group has significantly expanded its business operations in recent years through a strategic acquisition plan and has entered a number of new territories, increasing its footprint beyond the GCC and Greater Middle East to encompass Africa, South East and North Asia, Australasia, East Africa and Europe.
Entrepreneurship and rigorous customer focus has enabled Al-Futtaim to grow its business by responding to the changing needs of the customers and societies in which it operates. Al-Futtaim is committed to offering customers an unrivalled choice of the world’s best brands with exceptional standards of customer service and after sales support.
Structured into four operational divisions; automotive, financial services, real estate and retail, Al-Futtaim maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance. This benefits employees, providing a clearly defined work culture where individuals are empowered with authority and responsibility for their work.
The success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility. The majority of businesses, built on a portfolio of world leading brands, dominate their sector.
Al-Futtaim Group Real Estate (AFGRE) is responsible for the development and operations of Al-Futtaim’s real estate businesses across the Middle East and North Africa which includes:
Dubai Festival City,a 520 hectare waterfront mixed use community, opened in 2005.
Cairo Festival City,a 290 hectare mixed use development, opened in DeceMDer 2013. .
Doha Festival City,comprising 433,847 sq m (land) + 250,000 sq m (GLA), IKEA opened in March 2013.
Al Diriyah Festival City, Riyadh, Saudi Arabia: 260,000 sq m
Muscat Festival City, Oman: 100,000 sq m
Casablanca Festival City, Morocco: 120,000 sq m
Al-Futtaim Real Estate
Al-Futtaim Real Estate offers comprehensive services from selection of site and feasibility studies to construction and property management. The range of properties administered and leased in the UAE includes warehouses, showrooms, workshops, offices, villas and apartment buildings. Al Futtaim's warehousing complex at Rashidia in Dubai, measuring over one million square feet, is by far the largest owned by any company in the Gulf. This is used as a central warehouse for the group, stocking vast quantities of electronic goods, automobiles, commercial vehicles, heavy equipment and inventories of spare parts. The company also has some 200,000 square feet of showroom space and 600,000 square feet of workshops in Dubai, Abu Dhabi, Fujairah, Sharjah, Ajman and Umm Al Quwain. Among the largest of these are the showrooms of Al Futtaim Panatech and Al Futtaim Motors in Dubai.
Residential properties in Dubai owned by Al Futtaim Real Estate, include some 900 apartments and villas like Al Garhoud, Safa village and Al Hamriya Villa Compounds, Dar Al Muteena, Dar Al Buteen, Dar Al Buteen II, Dar Al Khabeesi, and Dar Al Muragabat. These properties are characterised by a high standard of accommodation and leisure facilities. In keeping with the economic growth of the United Arab Emirates and Dubai, it is envisaged that Al-Futtaim Real Estate will concentrate its efforts and resources towards the development of prestigious real estate complexes to supplement the growing demand for commercial and residential properties.
About The Vacancy:
We are seeking to hire a Senior Financial Analyst to ensure financial analysis and reporting on timely basis. Your Job responsibilities will be including but not limited to the following:
Responsible for preparing monthly Retail Mall P&L
Responsible for preparing monthly retail mall actual Vs. budget analysis
Assist Leasing Manager in calculating forecasted retail revenue and service charges on monthly basis
Prepare data analysis for retail mall expenses
Calculate occupancy cost and turnover rates
Assist Mall manager in any required data analysis
Responsible for preparing Mall annual budget and quarterly forecasts
Prepares any mall KPI calculations when required
Review monthly bookings of all Mall related expenses and make sure of correct accruals
Verification of Mall related POs; both OPEX and CAPEX
Process proper budgetary control over mall expenditure
Prepare any needed further analysis for the mall outstanding dues assisting the credit control department
As a Senior Financial Analyst, you need to demonstrate the following Qualities, Skills and Knowledge :
Minimum Qualifications and Knowledge:
A degree in Accounting or Finance is required
Minimum4-7 years of Accounting and/or analysis experience
Strong Excel and database skills
Financial analysis and accounting background
Strong understanding of setting up and organizing database and spread sheets
Reasonable verbal and written English is required
SAP financial application experience is preferred
Behavioral Competencies :
Note: you will be required to attach the following:1. Resume/CV
Al-Futtaim offers highly engaging and supportive work environments in a culture that values, recognises and rewards quality performance.