Company Description
Spinneys the leading supermarket retailer in the Middle East, with hypermarkets and supermarkets currently operating in Lebanon.
Spinneys was first established in 1924 by Arthur Spinneys in the suburbs of Alexandria Egypt, to provide consumers with a friendly shopping environment where they can find high quality fresh produce, groceries, and baked goods at a fair price.
Spinneys opened its doors to Lebanese shoppers in 1948 in the old Beirut Souks, and went on to expand its stores in Raouche, Verdun, Hamra and Jnah, to offer customers a convenient one-stop shopping experience.
Due to civil war happening in Lebanon at that time, Spinneys stopped their operations in 1976. However, they overcame these challenges, reopened their doors twenty-two years later, and pioneered the concept of hypermarkets in Lebanon in 1998 through a new flagship store in Dbayeh. As this success was tremendous, it led Spinneys to expand its branches and open additional stores across Lebanon once again.
Job Description
- Planning & Forecasting
- Effectively performing the preparation of Budgets (Operating and capital expenditures) and forecast
- Forecasting includes: Projecting real expenditures (Operating and capital expenditures) throughout the financial year on a monthly basis and Conducting Variance analysis forecasted figures versus real figures and adjusting any mismatch/non-recurrent/unexpected items
- Budgeting includes: Financial targets and planning concerning the OPEX and CAPEX strategies for the group. It begins with preparation of master budgets, departmental budgets and project based budgets
- Management & Decision Making
- Report financial information to management for decision making. It involves highlighting the problem encountered, evaluating alternative strategies and suggest actions to be implemented (cost analysis, project analysis & capitalization, fixed asset replacement);
- Gear up the respective units under Cost Management structure towards higher synergies, improved efficiency and building momentum among team members;
- Review the current procure – to pay process and propose areas for improvement and /or restructuring / re-engineering.
- Managing a team of 20 including two team leaders.
- Monitoring & Control
- Enhance existing processes (payment process, budgetary process, control processes)
- Define standards against which performance measurements (cost to income and other KPIs relevant for the level of expenditures
- Conduct Variance analysis and project costing analysis
- Introduce user-friendly reporting packages and lead the team towards higher degrees of automation.
- Accountability
- By setting targets for strategic business units, business lines and expansion plans, it assists in the assignment of responsibility to achieve the predefined targets and strategies
- External Parties Assistance
- External Auditors assistance by providing all requested documents related to transactions, payments and accounting entries
- External Departments and branches by providing monthly cost control reports
- Suppliers relationships and coordination on settlements
- Project managers by providing monthly cost control reports and evolution of project cost
Qualifications
- Master's degree in Finance, Accounting, Commerce, or a related field (equivalent combination of education and experience will be considered). Professional qualification (CPA, ACCA, etc.) is highly desirable.
- Minimum of 5-7 years of experience in financial management.
- Proven experience in budget preparation, financial reporting, and compliance management.