✨ AI Summary
The Assistant Manager - Accounts and Finance will work closely with the Business Head and Senior Finance Manager to lead the annual business planning and budgeting process, ensuring realistic yet ambitious targets. This role involves continuous monitoring of performance, identifying variances, and recommending corrective actions. The position also requires conducting decision-support analyses for various business initiatives such as new store openings, brand expansions, and store refurbishments.
Key responsibilities include the monthly preparation of financial statements and MIS reports for stakeholders, performing financial analysis of P&L statements, and presenting findings to management. The Assistant Manager will conduct feasibility studies for new and existing stores to assess profitability, present business plans and budgets for the F&B division, and manage import payments related to purchasing. Additionally, the role entails tracking the profitability of new stores, presenting P&Ls to principals, serving as the point of contact for business affairs, conducting breakeven analyses for loss-making stores, and authorizing expenses related to trade licenses and rent. The position also involves analyzing stock reports, authorizing movements of small wares and equipment in warehouses, and preparing ad-hoc reports as per customized requirements.
Requirements
The Assistant Manager - Accounts and Finance will be responsible for driving the annual business planning and budgeting process, monitoring ongoing performance, and undertaking decision-support analyses. Key responsibilities include preparation of financial statements and MIS, financial analysis of P&L, feasibility studies for new ventures, business plan presentations, managing import payments, tracking store profitability, and authorizing expenses and stock movements.
Description
JOB DESCRIPTIONPosition Objective: - Works in conjunction with the Business Head and Senior Finance Manager to drive the annual Business planning/ budgeting process for brand. Ensures that the targets set within the Budgets are realistic, stretched, and reflect actual business potentials- Monitors on-going performance to track and report achievements. Highlights variances and advises Business Head on various preventive measures and corrective actions and reinforcements, if required.- Undertakes decision-support analyses to facilitate various business decisions i.e. new stores new brands new countries store refurbishments closures/ exit options any other.Key Responsibilities:- Preparation of Financial statements/MIS on monthly basis for stakeholders- Financial analysis of P&L and presenting it to management- Feasibility study for new stores as well as current stores to access profitability- Business plans & Budgets presentation for F&B division- Responsible for Import payments which constitutes purchasing.- Keeping the track on profitability of the new age stores- Presenting P&L's to principals and being the point of contact for all business affairs- Breakeven Analysis for loss making stores to attain business call- Keeping the track & authorizing all the expenses related to Trade licenses and Rent elements in brand- Stock reports analysis. Authorizing any movement of small wares & equipment's in warehouses- Ad-hoc reports preparation based on customized requirements which is the key in dynamics of brand