Business Finance Manager - FMCG

KEY ROLES AND RESPONSIBILITIES:

1. Business Performance Planning & Analysis

- Responsible for end-to-end business finance activities for a cluster of brands and manage affiliate level P&L in line with global strategy and guidance.

- Demonstrate finance controllership for end-to-end P&L for set of brands

- Generating and monitoring ideas on cost management - Evaluation of capital expenditure proposals and ensuring ROIs

- Drive zero-based/top-down/ detailed annual budgets for brands by working closely with brand teams to achieve targets based on respective brand strategies.

- Drive the rolling financial estimates (like budgets, and mid-year reviews) process by working with cross-functional/brand teams across the organization; to ensure accurate monthly submissions to Global/Region on pre-aligned targets. Subsequently, performing comprehensive review, reporting of estimates, and reports on risks and opportunities for the affiliate.

- Review and analyze monthly sales reporting package for retail sales by category, by store and Brand, including information on the plan, last year's sales, and Revised Estimate to advise Brands on over/underachievement and corrective actions

- Act as a business partner to the brand by performing various special projects, designing MIS, building analytics to provide insights that spur effective decision-making.

- Lead financial analysis of margin-enhancing Value Analysis projects for the brand to drive improvements in the Cost of Goods for existing products.

- Analyze monthly, brand-wise Profit & Loss Utilizing by leveraging the use of Corporate Finance Management (OneStream) tool. Discuss the variances vs plan and provide expert advice (like P&L Management, cost cutting, etc.) to ensure delivery vs plan

- Provide guidelines and support to the cost center manager of every team in controlling/monitoring their respective budgets.

- Support accounts team with month-end financial closing and ensure overall accuracy & hygiene of P&L bookings.

- Led the cost projections for the subsidiary and spearheaded the strategic costing process to drive efficiency.

- Controlling & monitoring fixed overheads.

- Monitoring and controlling liquidations and write-offs when required

- Responsible for financial data integrity management.

- Work as decision/analytics support for General Manager (GM) & Finance Director (FD)

2. Business Strategy Development

- Support in formulation and execution of corporate strategy with Leadership and collaborate with Global / Regional on Key Priorities and focus areas.

- Drive the Long-Range planning process in collaboration with Brand Managers and cross-functional teams (Marketing, Communications, and Online); based on the requirements by the Global leadership team

- Prepare key strategy documents (budget, estimate, and long-range plan) for the affiliate as and when required by the GM/FD

- Produce and share Ad-Hoc competitive reports when requested by General Manager.

- Ideate & collaborate on opportunities for revenue growth maximization & cost optimization.

- Contribute guidance, information, and analyses during the brand's annual Strategy and Plan development cycles.

- Support Business Development/GM/FD on P&L scenarios/strategic planning for new Channels/ Markets/Brands.

- Prepare P&L for new markets/brands/doors/channels.

3. Leading and Managing Team

- Coach and mentor, the team on business and development goals

- Extend financial expertise to other team members as required

4. Qualifications:

- Knowledge of accounting principles & practices, understanding of Indian statutory requirements related to Indian

Companies Act & US GAAP

- Knowledge of SOX

- Advanced Microsoft Excel and business intelligence tools like Power BI, Tableau, and Qliksense.

- Planning software like Onestream, SAP's Business Planning, and Consolidation (BPC), Hyperion, etc.

- Strategic & Analytical thinking

- Experience in working with cross-functional teams.

- Experience in team management

- Experience from FMCG / Retail industry preferred