Assistant Manager - Retail JV Portfolio
About Us
As a leader in luxury retail in the Middle East, Al Tayer Group's retail division, Al Tayer Insignia, hosts a portfolio of some of the world’s best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!
About The Role
To take part in the management of Al Tayer Retail JV Portfolio initiatives in support of its strategic goals and ongoing commitments of the business. This role will be the secondary point of contact with multiple stakeholders including Commercial heads, Legal team, Brand principals and first point of contact for Joint Venture (JV) partners to achieve targets for JV projects. The analyst will act as JV PMO managing cross-functional work streams, timelines and deliverables.
What You’ll Be Doing
Strategic Roles and Responsibilities
- Serves as a point of contact with the partners, venture management Brand principals and other key stakeholders
- Assist in supporting JV performance and risk management, ensuring that the company’s integrated interests are documented, raised, understood, protected and promoted.
- Advise JV company members.
- Shares responsibility of the “hub” of JV activities and shares accountability for JV activities and deliverables\ Project manage activities needed for a JV conversion
Functional Roles and Responsibilities
Project Management
- To Act as PMO and manage interface between Joint Venture Partners, Brand Principals and various internal stakeholders and disciplines such as commercial operations, legal, finance, risk and audit to ensure that the company’s best interest are served and the JV agreements can be executed successfully.
- To co-manage schedules, budgets, resources and deliverables for Joint Ventures and other portfolio negotiations
- To deliver and manage the full project lifecycle from planning, requirements gathering, design to implementation and go-live
- To Ensure that are projects are delivered on-time, within scope and within budget with adequate resourcing and vendor management in place
- To Ensure effective Stakeholder management for each project to ensure all relevant stakeholders are adequately engaged to support the achievement of the expected project outcomes.
- To Manage program and project-level risks, actions issues and decisions (RAID), implementing effective mitigation action plans and escalating any high priority concerns to the Head of Finance and Senior Leadership in a timely fashion.
- Manage documentation, approvals and governance activities of new and existing JVs
- Finance
- Perform commercial analysis and financial modelling including sensitivity analysis around the key variables such as financials, performance of the assets, contracted rates and geopolitical risks, etc. in collaboration with ATR Finance and input from business stakeholders.
- Lead due diligence review on potential JV partners, summarizes key findings and suggests way forward including risks mitigations strategies.
- Supports and coordinates the establishment of all necessary legal documentation supporting the JV formation and implementation (i.e. Shareholders agreement, Management fees, etc.) from a financial perspective
- Monitors and administers the execution of the JV agreement throughout the full JV lifecycle, resolving any potential issues.
- Manage financial reporting processes, monitor progress against budget and carry out periodic reviews, performance and valuation of assets and report findings to the Finance Director.
- Reviews financial performance reports and trends from the joint ventures, highlights any emerging concerns and recommends potential resolutions.
- Supports the JV Senior Manager in ensuring that the that the ATR interests and rights, as the JV partner, are protected throughout the JV lifecycle.
- Leads knowledge sharing sessions across to share end of stage project lessons learned and work with the internal stakeholders to identify appropriate responses as required.
About You
Education/Certification and Continued Education
- Bachelor’s degree education with relevant professional qualification, such as CFA, CIMA etc.
- PMO experience required / project management qualification preferred
- MBA preferred
Years of Experience
- Minimum 5 to 7 years’ experience, preferably in consulting and/or PMO
- Retail sector experience a plus
- M&A and asset management experience a plus
Knowledge and Skills
- Demonstrable financial and commercial knowledge of JVs and investment projects
- Financial analysis and modelling knowledge and capability
- Communication, presentation and facilitation skills with the ability to lead and facilitate group meetings with senior stakeholders and external vendors
- Demonstrated track record of relationship building with more senior stakeholders
- Proficiency with project management and financial modeling tools
- Excellent communicator and comfortable managing multiple tasks
Languages
- Proficiency in English
Additional Requirements
- Exceptional attention to detail
- High integrity with strong work ethic
- Strong organizational skills with ability to manage multiple parallel projects
- Strong interpersonal skills and ability to build relationships with stakeholders
Caution
NOTE: Al Tayer Group will never call you or send you emails soliciting sensitive personal or financial information or seeking payments for job applications or job offers. Please be cautious about emails asking you to provide such information or click on suspiscious links.
