Associate Vice President - Finance

Full job description

Role Overview:

The AVP Finance will be a strategic partner to the leadership team, responsible for financial strategy, compliance, governance, and operational efficiency. The role requires strong retail sector understanding, multi-location financial controls, working capital management, and ability to support growth initiatives including store expansions and technology integration.

Key Responsibilities:

- Financial Strategy & Planning - Develop and execute financial strategies aligned with business growth plans; Prepare annual budgets, forecasts, and multi-year business plans; Drive financial modeling for store expansions, new formats, and category growth.

- Financial Control & Reporting Oversee preparation and accuracy of financial statements in compliance with Indian Accounting Standards; Implement robust MIS for real-time performance tracking at store, category, and region levels; Ensure timely monthly, quarterly, and annual reporting.

- Working Capital & Cash Flow Management - Optimize inventory cycles, receivables, and payables to maximize liquidity; Negotiate credit terms with vendors and manage banking relationships.

- Risk Management & Compliance - Ensure statutory compliance with GST, Income Tax, Companies Act, FEMA, and other applicable laws; Establish internal controls to prevent leakages, pilferage, and fraud; Implement risk management frameworks for credit, operational, and regulatory risks.

- Cost Optimization & Profitability - Identify cost-saving opportunities in procurement, logistics, and operations; Drive margin improvement through category mix and vendor negotiations.

- Team Leadership - Lead the finance, accounts, and compliance teams across all outlets; Build capability and succession plans for finance leadership roles.

- Investor & Stakeholder Relations - Prepare investment decks and reports for lenders, investors, and stakeholders; Liaise with external auditors, bankers, and consultants.

- Vendor & Scheme Management - Oversee tracking and realization of all brand-offered schemes, and support; Ensure timely claims submission, follow-up, and accounting.

- Strategic Funding & Expansion Support - Structure financing for new store rollouts and warehouse expansion; Conduct feasibility studies for new locations and formats

Requirements:

- Ensure timely statutory payments and maintenance of records including filing of returns

- Record to Report, fixed assets accounting, Banking, including process and related governance.

- Deliver all periodic services related to R2R(Record to Report) and general financial accounting, including month-end activities, account reconciliations, periodic reporting and internal control.

- Invoice preparation, bank/cash receipts and sales entry in Tally

- Analyse financial data, trends, and patterns to identify potential risks or opportunities for improvement.