Manager - Business Finance - Leading Retail

Manager-Business Finance-Leading Retail MNC, Mumbai

Location Mumbai

Experience 5-8 Years

Job Description:

Roles and Responsibilities:

- Lead and manage the business finance activities for affiliate and brand cluster while managing the end to end P&L with a ROI mindset and drive strategy formulation and execution with close partnership with local & regional leadership.

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)

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.

- Leading and Managing Team

- Coach and mentor the team on business and development goals Extend financial expertise to other team members as required.