Business Manager - Financial Planning & Analysis/Analytics - FMCG/Retail - CA

Business Manager - FP&A and Analytics- FMCG/Retail

Our client is a reputed name in Luxury FMCG and is a Multinational with Indian HQ in Mumbai. They are looking to recruit a Business Finance Manager .

Location - Mumbai - Local candidates only

Qualification - Chartered Accountant preferably 1st attempt

Experience - 4-5 years of relevant experience

Reporting to - Director - Finance & Operations

Team Management - 2 FTE's

Industry Preference - FMCG / Retail / E-Com. / Luxury Goods

Job Specs:

1. Business Performance Planning & Analysis:

- Responsible for end to end business finance activities for 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 budget for brands by working closely with brand teams to achieve targets based on respective brand strategy.

- Drive the rolling financial estimates (like budgets, 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 conduct analysis on monthly sales reporting package for retail sales by category, by store and Brand, including information on plan, last year sales and Revised Estimate to advise Brands on over/under achievement and corrective actions

- Act as 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 Cost of Goods for existing products.

- Analyze monthly, brand-wise Profit & Loss Utilizing by leveraging 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 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.

- Leading the cost projections for the subsidiary and spearheading 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 requirement 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. Knowledge & Skills required:

- Good knowledge of I-GAAP and working knowledge of US GAAP

- SOX

- Advanced Excel - Excellent

- English - Verbal and written - Excellent

- Analytical softwares like Power BI , Tableau, Qliksense, etc.

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

- Ability to manage a Team and maintain Cross Functional Team relations in working