Deputy General Manager Finance

Role & responsibilities

1. Financial Strategy & Planning:

Develop and implement the dealerships financial strategies in line with corporate goals.

Provide financial forecasts, budgeting, and long-term financial planning.

Collaborate with other departments to align financial strategies with operational objectives.

2. Budgeting & Forecasting:

Oversee the preparation and presentation of budgets and forecasts.

Track financial performance, identify variances, and recommend corrective actions.

Manage working capital and cash flow to ensure healthy liquidity for the dealership

3. Accounting & Financial Reporting:

Supervise all accounting activities including accounts payable, receivable, payroll, and tax filings.

Ensure timely and accurate financial reporting, including monthly, quarterly, and annual statements.

Implement accounting policies and ensure adherence to generally accepted accounting principles (GAAP)

4. Cost Control & Profitability Management:

Monitor and manage dealership expenses to ensure optimal cost efficiency.

Conduct profitability analysis for different models, brands, and departments (sales, service, body shop, parts, true value, and other cross sell revenue etc.).

Evaluate dealership performance using key financial metrics and benchmarks

5. Taxation & Compliance:

Ensure compliance with all tax regulations, including GST, VAT, and other applicable taxes.

Oversee audits, both internal and external, and maintain relationships with auditors and financial institutions.

Ensure all statutory compliance requirements are met, including filing returns and preparing financial documents

6. Financing & Credit Management:

Manage relationships with banks and financial institutions to ensure smooth operations of credit lines, loans, and dealership financing arrangements.

Oversee inventory financing and floor plan management, ensuring optimal cost of financing.

Manage credit control, payment collections, and ensure timely settlements with supplier

7. Team Leadership:

Lead and mentor the finance team, fostering a culture of continuous improvement and high performance.

Ensure skill development and training for the team in finance-related competencies

8. Risk Management:

Identify and mitigate financial risks to safeguard dealership assets.

Monitor market conditions, currency fluctuations, and their impact on dealership performance

9. Financial Analysis & Business Development:

Conduct in-depth financial analysis to support business decisions such as new ventures, model launches, and dealership expansions.

Provide insights on market trends and competitor strategies to support business planning.

Participate in negotiations with OEMs and other partners to ensure financial viability of new business deals.

Preferred candidate profile

Should be Qualified CA