Role Narrative
Role: Business Finance
Responsibility: P & L & Unit Economics
Company: Flex Retail & Logistics Pvt Ltd
Size of Business: Min 25 outlets & Max 50 outlets, Avg value 10 cr
No of Yrs Exp: Min 3yrs
Summary:
- To lead Business Finance for Flex Retail. To develop an aggressive system and processes to monitor and control business from financial perspective.
- Ensures right margin extraction, ROI and puts controls on overhead spends as per budgets. Must maintain proven results in controlling financial health of organisation, visualize & create future programs for organisation success.
- Responsible for P & L of organisation. Assist business team in developing, implementing programs & policies designed to increase profits of departments and achieve planned results.
Key Tasks & Responsibility:
Purpose (Control & Guide) :
- To work closely with business & operations team (category, franchisee relations & warehouse)
- Responsible for ensuring stock loss is within budget & prevent in future
- To prevent and ensure stock loss in future when business is trying new routes to drive sales
- To implement process which helps warehouse in daily closures
- Implements SOP's to ensure weekly audits (book stock vs physical stocks)
- Track all initiatives and their implementation to justify the ROI
- Meets Key vendors/suppliers regularly to tally books
- Co-ordinates with business & franchisee team for smooth payments, credit management & new initiatives for credit management
- Analyze sales trends and ensure right investments on inventory
Accountability and Deliverables:
- Sales and gross profits thru sale items mix, shelf space utilization and customer demographics
- Shrink control/analysis
- RGM (Rupee Gross Margin)/ Margin %
- GMROI (Gross Margin Return on Investment) on asset deployed
- Credit Days and Accounts Receivable
- Budgets
- Month end control and closure
- Generates management reports and shares it with team for action
- Leading quarter, half year and year end process and help generating reports to present to the board
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