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Purpose & Overall Relevance for the Organization:
The main purpose of the Senior Manager Finance is to manage the day to day activities of the local accounting and non-trade purchasing teams to ensure compliance with all Group Finance policies and procedures and IFRS standards. Managing a team of 10 FTE’s across 2 Legal Entities. The Senior Manager Finance needs to ensure that the accounting department operates efficiently and effectively meeting all group and local reporting timelines and acting as a key business partner across the business. The Senior Manager Finance has to manage key relationships which include group legal, group tax, group insurance, suppliers, auditors and all internal departments. In addition, the Senior Manager Finance is required to be the main contact for many key projects rolled out across the business.
Key Responsibilities:
Business partner role:
- Assisting in the preparation of operating overheads for RFC, SBP & Budget including relevant comments for variances;
- Review of new/renewal retail business plans, rent negotiations and trade license renewals;
- Involvement in the development of commercial processes and strategies in conjunction with the other departments that reflect best practices within the company.
- Maintenance of existing, and negotiation of all new company insurance policies as well as close cooperation with the Group Insurance function.
- Planning and control of the local audit and assisting in the preparation and review of the financial statements for both legal entities;
- Providing assistance in the roll out of key projects in GCC and Jordan and ongoing support;
- Responsible for maintaining a high standard of internal control and compliance.
- Oversee and ensure that all corporate credit card transactions are booked and reconciled timely and accurately
- Ensure all direct/indirect tax activities are carried out in compliance with the local laws and company policies
Accounts Payable:
- Supplier payments review and sign off.
- Supplier relationship handling.
- Review and follow up of all outstanding accounts payable transactions.
Treasury:
- Oversee and ensure that all treasury related tasks including bank relationships, liquidity planning, BAM maintenance and the monthly treasury reports are taken care of.
- Ensure appropriate controls in place for forex, bank charges, bank interest.
General Ledger:
- Organization and control of month/quarter/year end closing transactions of the accounting team;
- Administer accounting system maintenance and updates, Global chart of account updates (and system exchange rates) & compliance of group financial manual and company manual;
- Review and sign off of balance sheet reconciliations;
- Managing all retail bookings and reconciliations;
- Review and sign off of petty cash statements
- Ensuring that all transactions booked in the accounting system are in line with the Group Financial Manual and IFRS.
Reporting:
- Monthly Royalties declaration and processing.
- Handling the monthly reporting & comments to group stating variance vs budget, RFC and prior year.
- Ad hoc reporting on expenses as required by the internal departments.
Internal Controls:
- Ensure full compliance with ICS;
- Maintenance and organization of all Company corporate legal changes.
People Management
- Management and development of the local accounting team of 7 (3 direct and 4 indirect) including setting and monitoring of objectives, yearly performance reviews and succession management.
- Managing a team of 2 external resources for non-trade procurement.
Key Relationships:
The main stakeholders/customers to be dealt with:
- Internally
- Senior Finance Director MENA
- VP Finance EM
- Group Accounting
- Group Taxes
- Group Legal
- Group Insurance
- All markets within Area Emerging Markets
- All internal departments.
- Externally
- Group Auditors
- Suppliers
- Lawyers
- Banks
Knowledge, Skills and Abilities:
- Strong accounting knowledge of IFRS and local GAAP
- Strong process understanding of accounting relevant processes
- Good English knowledge
- Strong communication skills
- Good IT Skills (e.g. Microsoft, SAP)
Requisite Education and Experience / Minimum Qualifications:
- Qualified accountant ACA, ACCA, CIMA or equivalent other;
- University degree;
- Minimum of 5 years working experience in the respective area;
- 3-5 years of experience managing a team;
AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE‘S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE – THE 3CS: CONFIDENCE, COLLABORATION AND CREATIVITY.
CONFIDENCE allows athletes to make quick decisions on the field, to reach higher. For us at adidas confidence means acknowledging that we don’t have all the answers. But we are willing to take risks, we try new things. And if we fail, then this is part of our learning – it helps us improve.
COLLABORATION. Every elite athlete relies on partners: coaches, teammates, and nutritionists. We, too, know that we are stronger together. Winning as one team takes open and candid dialogue, inclusiveness and trust in each other’s abilities and talents.
Being the best sports company in the world takes CREATIVITY. No great athlete succeeds by copying their predecessors’ training plans and strategies. We have to be open to new ideas, explore, gain an edge and stand out. Only then can we succeed.
ADIDAS CELEBRATES DIVERSITY, SUPPORTS INCLUSIVENESS AND ENCOURAGES INDIVIDUAL EXPRESSION IN OUR WORKPLACE. WE DO NOT TOLERATE THE HARASSMENT OR DISCRIMINATION TOWARD ANY OF OUR APPLICANTS OR EMPLOYEES. WE ARE AN EQUAL OPPORTUNITY EMPLOYER.
JOB TITLE:
Senior Manager Finance GCC & Jordan
BRAND:
adidas
LOCATION:
Dubai
TEAM:
Accounting & Finance
STATE:
DU
COUNTRY/REGION:
AE
CONTRACT TYPE:
Full time
NUMBER:
456251
DATE:
May 30, 2022