Job title: Financial Analyst
Company: BFL Group
Job description: Job DetailsResponsibilities:Consolidate and analyze financial data (budgets, income statement forecasts etc) taking into account company’s goals and financial standing.Prepare and analyze Profit & Loss Statements and other financial reports for discrepancies and variances.Provide creative alternatives and recommendations to reduce costs and improve financial performance.Assemble and summarize data to structure sophisticated reports on financial status and risks.Develop financial models, conduct benchmarking and process analysis.Conduct business studies on past, future and comparative performance and develop forecast models.Identify trends, advise company and recommend actions to a senior financial analyst based on sound analysis.Track and determine financial status by analyzing actual results in comparison with forecasts.Reconcile transactions by comparing and correcting data.Gain and update job knowledge to remain informed about novelty in the field.Consult with management to guide and influence long term and strategic decision making within the broadest scope.Drive process improvement and policy development initiatives that impact the function.Requirements:Proven working experience as a Finance Analyst.Bachelor in Finance, Economics or related field.Retail / Ecommerce industry exposure is a must.Proven understanding of IFRS & US GAAP Financial Statements.Ability to learn quickly in a fast-paced environment.Proficient in spreadsheets, databases, MS Office and financial software applications.Must be proactive with strong knowledge of financial analysis, budgeting, and strategic planning concepts.Outstanding presentation, reporting and communication skills.Proven knowledge of financial forecasting and diagnosis, corporate finance and information analysis.Well informed in current financial subjects, accounting, tax laws, money market and business environments.Company DescriptionBFL (Brands for Less) Group, the leading off-price retailer of fashion and homeware, is based in United Arab Emirates and spread over more than 6 countries in the Middle East and one in Europe.
BFL Group introduced its unique off-price business model, Brands for Less, to Lebanon in 1996 and to the UAE in 2000. Brands for Less, offering womens and mens fashion from high quality designer brands, all at up to 80% less than the recommended retail price was becoming a trend and was the main factor behind our company’s success and expansion. In addition to that, the group exclusively acquired the Tchibo franchise for the MENA region, selling the German brand’s homeware and basic apparel at very competitive prices.
This has led to enormously expanding within the MENA markets and building our operational hub in the UAE to distribute to the countries we are operating within today. Our continuous thrive to success along with our customers’ trust has made us expand our concepts into creating Toys for Less which is mainly an off-price retail concept for buying Toys, kids apparel & costumes at “outlet prices”.
In addition to these three brands, we are continuously working on expanding our product range to fit BFL Group’s “value culture”. We have recently acquired the Franchise rights of the Korean brand MUMUSO and are operating it in Lebanon and Malta. We will also add more value brands and concepts to our group in the near future that complements our value business to what provides our customers a rich experience in an “all-in-one” value group.
We have big plans to expand and open more stores in the next few years and thats alongside expanding the reach and success of our Brandsforless e-commerce website.
To add it up, being pioneers in the value sector in the Middle East region is something that was collectively built by our top to bottom hierarchical structure of our workplace along with the strategical decisions and day-to-day operational strive to perfection.
Expected salary: 4000 per month
Location: Dubai
Job date: Thu, 20 Mar 2025 23:29:39 GMT
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Financial Analyst
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