Lifestyle Store - Sr Manager - Finance

SENIOR MANAGER FINANCE

Business Finance Function

- Identify the market potential for the Concepts across all categories and departments and provide insights on consumer behavior

- Provide the season wise/monthly OTB as needed

- Provide the Concept Head with the competition financials, strengths and weaknesses vis a vis Lifestyle /Category

- Provide insights to the Retail / Concept buying team on product arrival pattern, product performance and display equilibrium.

- Analyze the movement of stock from Warehouse to floor and their sales performance. Ensure PO is raised on time, timely delivery of merchandise and availability of merchandise at the store.

- Provide Sell Thru analysis and Hit ratio analysis to the concepts

- Initiate the process for RTV (Return to Vendor).

- Provide pre and post promotion analysis to the concept heads, buying heads and Head-Finance

- Analyze and provide management with updates on the impact of any regulatory changes (opening of FDI in retail) / Government policy changes (imposition of Excise Duty on branded garments, GST Levy etc.) / change in market dynamics.

Financial/ Budgetary control

- Prepare budget for the next fiscal year based on category level analysis

- Propose the LFL growths for the concept at department and trade type level

- Prepare margin budget with guidelines on the Brand Vs Private label ratio

- Prepare the annual calendar of budgets for the store level

- Conduct random Revenue Assurance activities to monitor slippage

- Manage revenue assurance- SKU level margin checks

- Provide EOSS discounting guidelines to the regional team. Approve and control the mark downs received from the regions

- Design, implement and ensure adherence to all business SOPs

Planning / MIS

- Provide sales reports, group/sub group reports and monthly MIS to Concept Heads and senior management

- Provide monthly financial provisions to Group Accounts for MG (min. guarantee)and off-sale discount sharing

- Approve stock adjustments on a monthly basis

Vendor Management

- Provide debit confirmations to Group Accounts from vendors

- Facilitate Vendor reconciliation

People Management

- Organize and structure team to scale up to business requirements

- Build, motivate and train the team to meet and exceed performance expectations

DESIRED PROFILE

- PROFILE IS MORE ON TO THE FINANCIAL PLANNING SIDE, SO THE PERSON SHOULD HAVE
EXPOSURE INTO FINANCIAL PLANNING

- SHOULD HAVE AT LEAST 7-9 YERS OF RELEVANT WORK EXPERIENCE.

- MBA FINANCE FROM GOOD B SCHOOL AND MBA SHOULD BE FULL TIME.

- SHOULD HAVE EXPERIENCE WORKING IN RETAIL, FMCG DOMAIN.

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