Business Controller

Primary objective/General overview:

This role is responsible for forecasting and controlling over the P&L of the Retail division (based on Sell-In and Sell-Out) and providing analysis and financial reporting on the results to the Finance Director, General Manager and the Regional Controlling Team to ensure support and alignment with the Business strategies.

Key accountabilities and responsibilities:

• Manage and oversee the month end financial closing process working on Actual P&L:
• directly uploading data in Hyperion Financial Planning
•  reporting and analyzing the main variances primarily vs. plan and prior year
• Managing primarily all accounting provisions impacting on P&L (Bonus, Royalties, discounts, occupancy fees, consulting fees, etc.)
• Process accruals for promotions and mark-down contribution calculated by SKU for the Mena Region. Daily monitoring during the promotional period and end of the month based on Sell In and Sell Out
• Support the business by reconciling data and credit notes issued
• Responsible for calculation of promotional inventory and reconciling this with customers’ calculations
• Data extraction from the analytic accounting systems (SAP, HFM) for the reconciliation process
• Budgeting and planning the periodical structured and bottom-up forecast (3yr plan, yearly budget, quarterly plans) for the MENA Retail P&L and providing support and guidance to the team during the Budgeting process.
• Directly uploading data in Hyperion Financial Planning
• Performance monitoring: weekly reports to monitor business trends using Financial Dashboards to check constantly the mainly KPI on a daily basis sharing the results with the management team
• Communicate the forecast as a request from Luxottica Retail Team
• Periodical update the Corporate Real Estate team with all the information required for our stores
• Supporting the team in preparing weekly and monthly Business Review
• Preparing and discussing Monthly Finance Review with Regional Controlling Team
• Collaboration with the Sales, Product and Marketing teams with regular reporting and analysis in order to identify drivers and trends
• Supporting Corporate in all the requests for analysis on a store level to monitor the profitability
• Dubai Duty-Free: forecast and planning by brand. Weekly monitoring of performance, analyzing results, and reporting to Leadership Team
• Business case/feasibility studies on new business. Working with Finance Director and SGH General Manager in building these and presenting to Regional Leadership Team