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03/12 Santhosh Siddaraju
Head TA at Lifestyle

Views:1451 Applications:247 Rec. Actions:Recruiter Actions:0

Lifestyle International - Manager/Senior Manager/Lead - Concept Finance (5-8 yrs) Premium

Bangalore Job Code: 771658

JOB DESCRIPTION

Role : Concept Finance Lead

Department : Concept Finance Manager


Grade : M1/M1-A / M2


Designation : Manager / Sr. Manager

Education : ICWA / CA / MBA (Finance)

Experience : 5 - 8 years of experience in finance, preferably in retail

Location : Corporate

Reports To : Head Concept Finance


Supervises : Concept Finance Managers and Promotion Handlers

Role Summary :

- Provide strategic financial guidance to the concepts to achieve the sell through, budgeted margins, revenue assurance, brand profitability and maintain inventory as per defined norms

Summary of Role Responsibilities :

- Align with the concepts on the budgeted sales and margins

- Validate the season wise OTB and inward pattern as per agreed budgeted sales, intake margins, markdowns, sell thru, NOD norms and ensure approval


- Review and validate the OTB for the season as per defined timelines Monitor inwards against norms (OTS and OTIF) and take required corrective actions (fulfillment and penalty)


- Review and approve the private label promotions to ensure they deliver on the desired CBA Validate and onboard the new external and private brand vendors in collaboration with the relevant stakeholders

- Manage implementation of the EOSS discounting guidelines

- Review and ensure implementation of concept finance related SOPs and processes

- Manage the generation and validation of MIS as per defined timelines

- Facilitate reconciliation of brands' accounts (private and external) in collaboration with the Group Accounts

- Manage the vendor and brand exits as per defined process

- Align NOD norms and ensure adherence Manage and guide the team to deliver on the job

Women-friendly workplace:

Maternity and Paternity Benefits

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