Financial Planning Sr. Manager

Join the Team at ABYAT - Your Gateway to Retail Excellence!

About us

Are you ready to be part of the largest retail store in the Middle East? ABYAT, spanning an impressive 22,000 square meters and offering over 22,000 products, is your one-stop destination for all things home improvement and more. From elegant tiles and captivating wallpapers to state-of-the-art lighting solutions and stylish kitchen fixtures, we pride ourselves on offering a diverse array of top-quality products under one roof.

Established locally with a vision for excellence, ABYAT has been setting benchmarks since its inception in September 2005. With an unwavering focus on our customers, we've crafted an experience that revolves around their needs, from our meticulously designed store layouts to our unparalleled service offerings.

Expanding beyond our roots in Kuwait, ABYAT is now making waves in Saudi Arabia and setting our sights on Qatar and the UAE. As we continue to grow, we're seeking passionate individuals to join our dynamic team and contribute to our journey of success.

Position: Credit & Consumer Financing Officer

Location: Kuwait – Head Office

Type: Full-time

Role:

Financial Planning Senior Manager oversees the planning, analysis, and budgeting processes within an organization, ensuring that financial goals align with the company’s strategy. They play a key role in providing financial insights and guidance to senior leadership, while also managing financial planning teams.

Key Responsibilities:

1. Financial Forecasting & Budgeting:

   • Lead the development of the company’s annual budget and financial forecasts.
   • Collaborate with senior management to define financial goals and set budget targets.
   • Monitor performance against budgets and forecasts, providing variance analysis and actionable insights.

2. Strategic Financial Planning:

   • Develop long-term financial strategies that support the company’s overall goals.
   • Conduct financial modeling and scenario planning to assess the impact of various business decisions and strategies.
   • Analyze market trends, competitive landscape, and economic factors to inform financial planning.

3. Reporting & Analysis:

   • Oversee the preparation of detailed financial reports for internal stakeholders (management, board, etc.).
   • Perform in-depth financial analysis to identify risks, opportunities, and areas for improvement.
   • Communicate financial insights clearly to non-financial stakeholders.

4. Team Leadership & Development:

   • Manage and mentor a team of financial planners or analysts.
   • Ensure the team has the right resources and training to meet departmental goals.
   • Foster a culture of continuous improvement and collaboration within the team.

5. Cross-Functional Collaboration:

   • Work closely with other departments (e.g., operations, marketing, HR) to gather relevant data for financial planning and analysis.
   • Partner with senior leadership to provide financial support and advice for key business decisions.

6. Compliance & Risk Management:

   • Ensure financial planning practices comply with regulatory requirements and company policies.
   • Assess financial risks and ensure risk mitigation strategies are in place.

7. Ad-Hoc Projects:

   • Lead special financial analysis projects, such as M&A activity, capital investment proposals, and major strategic initiatives.
   • Assist in due diligence processes for new projects, partnerships, or acquisitions.

Key Skills and Qualifications:

• Education: A degree in Finance, Accounting, Economics, or a related field (MBA or other relevant certifications preferred).
• Experience: Typically 10-15 years of experience in financial planning, analysis, or management.
• Analytical Skills: Strong ability to interpret financial data, identify trends, and make data-driven decisions.
• Communication Skills: Ability to present complex financial information in a clear and concise manner to non-financial audiences.
• Leadership Skills: Experience leading and developing a team, managing resources, and driving team performance.
• Technical Proficiency: Advanced knowledge of financial modeling, Excel, and ERP systems (e.g., SAP, Oracle, Hyperion).
• Attention to Detail: High level of accuracy in financial data analysis and reporting