Job Description
Key Performance Areas & Description
1. Business Performance Planning & Analysis:
Responsible for being the financial controller for the entire P&L of a set of brands and doing 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, and 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 reviews, reporting estimates, and reports on risks and opportunities for the affiliate. • Review and analyze monthly sales reporting package for retail sales by category, by store, and by Brand, including plan information, last year's sales, and Revised Estimate to advise Brands on over/underachievement and corrective actions • Act as a 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 the Cost of Goods for existing products. • Analyze monthly, brand-wise Profit & Loss Utilizing by leveraging the use of the 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 the 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.
Led the cost projections for the subsidiary and spearheaded 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 requirements 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
POSITION 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 the affiliate’s budgets, financial estimates, monthly and all internal management reporting, and communicating results to top management.
Oversee the company’s strategic and long-range goal planning, along with driving strategic initiatives Support the development of plans 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.
Minimum Education level:
MBA (Finance)/ Chartered Accountant
Additional Job Specifications:
Knowledge of accounting principles & practices, understanding of Indian statutory requirements related to Indian Companies Act & US GAAP • Knowledge of SOX
Advanced Microsoft Excel expert
Planning software like Onestream, SAP’s Business Planning and Consolidation (BPC), Hyperion etc. • Strategic & analytical thinking • Experience in working with cross functional teams on deliverables • Experience as a team leader.
Experience from FMCG / Retail industry preferred.
Job Type: Full-time
Salary: ₹1,500,000.00 - ₹2,000,000.00 per year
Ability to commute/relocate:
Mumbai, Maharashtra: Reliably commute or willing to relocate with an employer-provided relocation package (Required)
Education:
Master's (Required)
Experience:
4-5 (Required)
Work Location: One location
1. Business Performance Planning & Analysis:
Responsible for being the financial controller for the entire P&L of a set of brands and doing 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, and 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 reviews, reporting estimates, and reports on risks and opportunities for the affiliate. • Review and analyze monthly sales reporting package for retail sales by category, by store, and by Brand, including plan information, last year's sales, and Revised Estimate to advise Brands on over/underachievement and corrective actions • Act as a 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 the Cost of Goods for existing products. • Analyze monthly, brand-wise Profit & Loss Utilizing by leveraging the use of the 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 the 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.
Led the cost projections for the subsidiary and spearheaded 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 requirements 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
POSITION 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 the affiliate’s budgets, financial estimates, monthly and all internal management reporting, and communicating results to top management.
Oversee the company’s strategic and long-range goal planning, along with driving strategic initiatives Support the development of plans 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.
Minimum Education level:
MBA (Finance)/ Chartered Accountant
Additional Job Specifications:
Knowledge of accounting principles & practices, understanding of Indian statutory requirements related to Indian Companies Act & US GAAP • Knowledge of SOX
Advanced Microsoft Excel expert
Planning software like Onestream, SAP’s Business Planning and Consolidation (BPC), Hyperion etc. • Strategic & analytical thinking • Experience in working with cross functional teams on deliverables • Experience as a team leader.
Experience from FMCG / Retail industry preferred.
Job Type: Full-time
Salary: ₹1,500,000.00 - ₹2,000,000.00 per year
Ability to commute/relocate:
Mumbai, Maharashtra: Reliably commute or willing to relocate with an employer-provided relocation package (Required)
Education:
Master's (Required)
Experience:
4-5 (Required)
Work Location: One location
💡 Quick Summary
Seeking a career-building opportunity? The Finance business manager position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
