Landmark Group - Assistant Manager/Manager - Concept Finance

JOB DESCRIPTION

Role: Assistant Manager / Manager - Concept Finance Department: Concept

Grade: A6 -1 / M-1 Location: Corporate

Education: Post Graduate / MBA in Finance

Experience: 4-6 Years

SUMMARY

Responsible for providing support to the Concept in Budgeting, MIS, Analysis, Revenue Assurance & Vendor Lifecycle Management.

KEY RESPONSIBILITIES

Business Finance Function -

- Support in preparation of Sales, Margin, Inventory and Expense Budgets.

- Provide season wise/monthly OTB & control through system.

- Provide variance analysis on Margins, Inventory & profitability between actual and budget.

- Revenue Assurance - Control promotions through Central Office, margin validation, recoveries as per terms & RTV process for external Brands and review intake margins, mark downs & net margins for Private Label Brands.

- Provide Brand performance reports on periodic basis to support in decision making.

- Participate in automation initiatives of the Company from Concept / Finance.

MIS

- Provide Key KPIs performance summary to the Concept.

- Provide Sell thru analysis, inventory arrival pattern vs plan, performance analysis, etc.

- Provide royalty provisions for License Brands, royalty calculations & payment advice on monthly basis.

- Provide License Brand performance vs Business Plans.

Vendor Management

- Support in resolution of concerns raised by Vendors on recoveries.

- Ensure support to Concept / Group Accounts in Vendor registration to Vendor exit process.

KEY RESULT AREAS ( KRAs) COMPETENCIES

KNOWLEDGE FUNCTIONAL MANAGERIAL

- Monitor & highlight exceptions on Margins budget achievement.

- Revenue Assurance - Control Central Office Promotions System.

- Preparation of buying budgets & control thru system.

- Variance & Profitability Analysis.

- MIS & Analysis - sell thru, inventory, etc.

- Render Vendor related support.

- Participate in automation initiatives.

- Adherence to SOPs - Financial knowledge

- Accounting knowledge

- Commercial Acumen

- Retail Processes - Analytical skills

- Attention to detail

- Hands-on on Excel & other Office Applications.

- Execution Excellence

- Result Orientation

- Collaboration

REPORTS TO SUPERVISES RELATIONSHIP

EXTERNAL INTERNAL

DGM - Concept Finance Sr. Executive / Executive / Assistant - Finance Vendors, Auditors Buying team, Planning Team, Territory Retail Operations team, All support functions

APPROVALS

Date of creation Date of last update Reviewed by Approved by

DGM - Concept Finance

Annexure: Description of competencies

Knowledge

Financial Knowledge Budgeting, costing and price sensitivity, Performance evaluators, product yield and profitability, statutory and regulatory requirements

Accounting Knowledge Knowledge and understanding of Accounting principles, financial statements, management accounting, Banking, Cash management

Commercial Acumen

Commercial terms and conditions, commercial contracts, payment & credit terms, costing, margins and profitability, applicable taxes

Retail processes Product supply chain cycle, retail operations and processes, benchmarking best practices, understanding business requirements

Functional Skills

Analytical Skills - Apply logical reasoning and numerical ability

- Identify problems and review related information to develop and evaluate options and implement solutions

- Identify strengths and weaknesses of alternative solutions, conclusions or approaches to problems

- Consider the relative costs and benefits of potential actions to choose the most appropriate one

- Monitor the implementation of the plan and verify if the problem has been resolved

Attention to detail - Thoroughness in accomplishing a task

- Keen eye for details

- Spot errors and provide feedback on issues