Head of Finance-Leading Retail Company-Mumbai(CAs Only)

Job Description

Profile Summary *Responsible for increasing the ROI and the profitability of the bands through analysis of financial information. Responsible for reports on financial analysis, advising the Brand team on Profit & Loss (P&L) management and useful financial insights. *Be responsible for budgets, financial estimates, monthly and all internal management reporting and communicating results to top management. *Oversee the companys strategic and long-range goal planning, along with driving strategic initiatives *Support the development of plans in order to achieve profitability goals *Oversee the Business Management function and will be responsible for ensuring this department provides meaningful, value added analyses to help drive the business. *Lead and manage the Business Management team. Role & responsibilities Business Performance Planning & Analysis Responsible for being the financial controller for entire P&L of set of brands and do variance analysis of brand performance - Generating and monitoring ideas on cost management - Evaluation of capital expenditure proposals and ensuring ROIs Prepare zero-based/top-down/ detailed annual budget for each brand by working closely with brand teams to achieve targets based on respective brand strategy & guidelines for the financial year. 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) 2. Business Strategy Development Drive the Long-Range planning process by collaborating 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. 3. Leading and Managing Team Coach and mentor the team on business and development goals Extend financial expertise to other team members as required