Assistant Finance Manager

Assistant Finance Manager
Company: Mark & Save Hypermarket
Job Type: Full-Time

Location: Head Office, Ajman, UAE

About the Role:
We are seeking an experienced and detail-oriented Assistant Finance Manager to support the CFO and lead all finance operations across our UAE & Branch retail network. This role oversees branch finance teams, ensures strong financial controls, manages cash flows and working capital, and leads the central inventory management function. The Assistant Finance Manager plays a key role in driving store profitability, improving margin performance, and ensuring accurate and timely financial reporting for both branches and Head Office.

Key Responsibilities:

Bookkeeping & Accounting

• Manage end-to-end bookkeeping activities ensuring accuracy and compliance.
• Maintain general ledger, journal entries, and reconciliations (bank, vendor, customer).
• Ensure timely recording of all financial transactions.

Branch Finance Leadership:

• Lead and supervise all branch finance teams across GCC.
• Ensure daily sales reconciliation, payments, cash handling, store expenses, and month-end closing are completed accurately and on time.
• Review branch P&Ls, analyse variances, and guide teams on corrective measures.
• Enforce finance SOPs and strengthen controls across cash, stock, and expenses.

Profitability & Performance Management:

• Monitor and improve store profitability by reviewing gross margins, shrinkage, supplier funding, stock ageing, and operating expenses.
• Consolidate store-wise and category-wise performance for management review.
• Develop structured reports for daily/weekly/monthly reviews.
• Work closely with Operations and Commercial teams to support pricing, promotions, and margin improvement plans.

Balance sheet & Cash flow oversight:

• Manage key UAE & Branch balance sheet components—inventory, payables, receivables, accruals, provisions, and intercompany balances.
• Ensure strong cash-flow discipline across branches, including daily deposits, credit card settlements, and fund movements.
• Improve working capital efficiency by optimising stock holding, payment cycles, and ageing levels.

Central Inventory Control:

• Lead central inventory control and coordinate with branch inventory teams.
• Oversee GRN/PO matching, stock accuracy, variance investigation, stock ageing reviews, and shrinkage reporting.
• Ensure proper stock governance for stores and warehouses and drive reduction of aged/slow-moving inventory.

HO Financial Operations & Reporting:

• Oversee HO finance functions including journals, reconciliations, payments, and month-end closing.
• Prepare consolidated monthly financial statements, dashboards, and performance reports for senior management.
• Support internal and external audits with complete documentation and schedules.
• Ensure compliance with internal controls, finance policies, and IFRS standards.

Qualifications & Requirements:

• IFRS & Book Keeping proficiency required.
• Experience – 3 to 5 years in FMCG or retail sector.
• CA Intermediate or CA/CPA qualification preferred.
• Female Candidates preferred.
• Strong ERP experience; SAP exposure is a strong advantage.
• Experience in Big 4 firms (mandatory).
• Proven experience leading teams and managing multi-branch finance operations.
• Strong analytical skills with the ability to identify gaps and recommend improvements.
• Excellent communication, leadership, and stakeholder management skills.
• Exposure to process improvement / finance transformation projects.
• Experience in supermarket/FMCG, especially private label planning.

Job Type: Full-time

Pay: AED6,000.00 - AED10,000.00 per month

Work Location: In person