Senior Analyst - Financial Planning & Analysis

Chalhoub Group

  • Jeddah, Makkah
  • Permanent
  • Full-time
  • 17 days ago
INSPIRE | EXHILARATE | DELIGHTFor 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 Group's 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 Work® certification in several markets.Sustainability is at the core of the Group's 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 Women's Empowerment Principles, and to have pledged to reach Net Zero by 2040.What you'll be doingThe job holder of this position is responsible for analyzing risks and economic trends and guiding the business, to assist in measurement, planning and forecasting of activities and implications on income statement and balance sheet; and to develop, interpret and implement financial and accounting concepts/techniques for financial planning and control.
  • 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-Year Plan, Strategic Plan, Annual Plan & Quarterly Plan updates
  • Review purchase cycle and analyze the Cash Flow on a weekly basis to provide corrective actions if necessary.
  • Prepare the Monthly Tableau de Bord (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 assumptions 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 model (Financial & Business) in line with the company's objectives and capture 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 budget deviations
  • Develop and improve processes related to expenditure, and 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 on 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 fields of business finance and economics
  • 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
  • English proficiency level.
  • Minimum 2+ years of experience in financial Planning.
  • Bachelor's degree in finance.
What we can offer youWith 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 ApplyIt 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.

Chalhoub Group