Job Summary:
To manage the financial operations of the retail business. This role is critical in overseeing financial planning, investment analysis, compliance, and reporting for property acquisitions, developments, and portfolio management.
Key Duties & Responsibilities:
Financial Management:
• Oversee all accounting operations, including general ledger, accounts payable, accounts receivable, and payroll.
• Financial Reporting:
• Prepare and analyze monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with relevant accounting standards and regulations specific to the retail industry.
Budgeting and Forecasting:
• Develop and manage the company's budget, providing regular variance analysis and forecasting future financial performance. This includes retail-level budgets and consolidated company financials.
• Cash Flow Management:
• Monitor and manage cash flow, ensuring sufficient liquidity to meet obligations and optimize financial health of the company and its properties.
Compliance:
• Ensure compliance with all relevant financial regulations, including tax laws and retail -specific reporting requirements. This includes coordinating with external auditors and regulatory bodies.
• Internal Controls:
• Develop and implement robust internal control systems to safeguard company assets and ensure the integrity of financial data.
Strategic Financial Planning:
• Contribute to strategic financial planning, providing insights and recommendations to support business growth and profitability within the retail market. This includes evaluating potential investments, acquisitions, and development projects.
• Understand and address the unique financial aspects of retail , such as load factor, profitability, cost per seat, revenue per seat and net profit margin
Team Leadership:
• Supervise and mentor the finance team, fostering a culture of collaboration and professional development.
• Stakeholder Communication:
• Effectively communicate financial information to various stakeholders, including senior management, investors, and other relevant parties.
Job Specifications
Minimum Job Qualifications Requirement (Academic, training, languages, etc.)
Minimum Work Experience:
· 5-10 years of experience in related field, preferably within GCC
Skills & Specifications
BinDawood Holding (Listed at Tadawul on 21st October 2020 under the symbol of BDH), a retail conglomerate, that focuses on information technology and retail solutions, it capitalizes on investment opportunities, driving long-term growth. Driven by a vision for sustained growth, BinDawood Holding continues to solidify its position as a frontrunner in the retail industry, poised to capitalize on emerging opportunities and deliver exceptional value to stakeholders. BinDawood Holding continues to shape the retail landscape through constant innovation and a steadfast commitment to excellence by operating its business under the brands of BinDawood, Danube, BinDawood Dash, Danube Dash, IACo, and Ykone.