Manager - Financial Planning & Analysis (Head Office, Jeddah)

Overview

• INSPIRE \| EXHILARATE \| DELIGHT
• For 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 doing
• you will be responsible for delivering accurate, timely, and insightful financial reporting, analysis, and support for the organization’s shared services operations.
• The role involves partnering with shared services’ leaders to ensure cost efficiency, process improvements, and compliance with financial policies while enabling informed decision-making.
• The role would also encompass KSA consolidated monthly and adhoc reporting.
• **Financial Analysis & Reporting:**
• Review of monthly trial balance, coordination with accounting team and ensure timely adjustments.
• Prepare, analyze, and present monthly management reports, variance analysis, and cost allocations for shared services functions (e.g., HR, IT, Admin, Legal, Logistics, etc.).
• Support annual budgeting, forecasting, and long-range planning cycles for shared services.
• Monitor actual spend against budgets, identify risks and opportunities, and provide actionable insights to management.
• Ensure accuracy and completeness of shared services cost allocation across business units.Ensuring that balance sheet items are reconciled and reflect true state of the business
• Reviewing all the recharges against rate card and activities
• **Business Partnering & Decision Support:**
• Act as a finance partner to shared service leaders by providing financial insights, KPIs, and recommendations to drive efficiency and value.
• Support evaluation of business cases for shared service investments, cost optimization initiatives, and outsourcing opportunities.
• Assist in tracking performance of service-level agreements (SLAs) and key cost drivers.
• **Working capital management:**
• Monitor customer accounts and coordinate with accounting team for timely reconciliation.
• Follow-up on aged customers, ensure reconciling items are resolved in a timely manner and receipts are timely allocated.
• Ensuring cash flow plan is followed and availability of funds to honor timely supplier payments.
• **Consolidated Reporting:**
• Design, develop, and maintain automated reports and dashboards and ensuring consistency among various dashboards
• Consolidate and analyze financial and operational data to produce CMM, management reports, KPIs, and variance analysis.
• Ensure accuracy, consistency, and standardization of reporting across business units (Retail, Distribution, E-commerce, etc.).
• Identify opportunities to streamline reporting processes and improve data quality.
• Respond to ad hoc analysis and reporting requests from business leaders.
• What you’ll need to succeed
• Master/BA in Finance.
• 5-7 years of managerial experince in Financial Planning and Analysis.
• Excellent analytical skills with demonstrated experience with financial statement analysis, financial metrics.
• Advanced knowledge of Microsoft Office, primarily Excel and Dashboard.
• Proven track record of demonstrating intellectual curiosity, problem solving, business acumen and enthusiasm.
• Excellent communication and organizational skills. Proven ability to collaborate across teams, functions and departments.
• Ability to work well with a team and also thrive independently.
• Attention to accuracy and detail required
• What we can offer you
• With 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 Apply