Head Finance

Location: Gurgaon
Specialization: Accounting / Tax / Company Secretary / Audit,
Industry NA
Reference: 31483

Job Profile

 

This is a crucial role in Finance Function.

We need experienced candidates ONLY from RETAIL Industry

 

Job Responsibility: 

To Lead & Manage Finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial controls.  

 

Preparation of Annualized Operating Plan (AOP), Long Term Plan, Monthly Forecast by involving business teams, business modelling on various scenarios for investors / banks

 

Driving multi-brand business profitability strategies across Channel - Retail, Wholesale & ECOM (B2B)  

Spearheading financial modelling and profitability analysis [ROI/IRR] for various operating models like COCO & FOFO outlets.  

 

Budgeting & Planning Formulation of all units annual plan and direction, Monitor and direct the implementation of strategic business plans, leading capital budgeting and request monitoring, Develop performance measures. Review periodic budget performance reports of departments to assure that performance is according to plan. Monitor and analyze the actual operations with the budget and prepare variance reports, product wise analysis, cost cards.

 

Evaluating internal control systems / procedures, identifying process control gaps and implementing necessary recommendations.

 

Risk Management-Understand and mitigate key financial risk elements of company's (insurance, credit risk, inventory, internal control gap, direct & indirect tax compliance risk, financial management etc.
Investor Relations Preparation / participating / representing company in investor interactions, quarterly investor calls. Interaction / Dealing with Private Equity partner.

 

Strategic Planning & Budgeting: Leading the preparation of long term and annual/ quarterly plans for existing operations and new projects. Monitoring of budgets with actual and reporting of variances, driving budget targets through proactive interaction with different business heads on anticipated variations against budgets.


MIS & Reporting: Performing Financial Reporting and Analysis for specific Business units. Presenting to the board MIS reports like profitability reports, monthly rolling forecasts, etc. to identify the issues, risks and saving potentials. Developing meaning full and concise MIS for better analysis, drawing management focus on critical issues. Analysis of business performance on various KPIs, preparing dash-boards to track performance on daily /weekly/ monthly basis with highlights on exceptions. Supervising the preparation of MIS reports to provide feedback to top management on financial performance, fund management, credit control, profitability.

 

Devising need-based business strategies for maximizing profitability & revenue generation & realizing organizational goals.  

 

Developing and maintaining adequate internal control system, preparing annual and periodic financial results, submitting them to the management for review and control the finances.

 

Formulating budgets and conducting variance analysis to determine difference between projected figures & actual expenditure and implementing comprehensive strategies for the same.

 

Liaising and negotiating with banks and financial institutions for raising fund and non-fund-based facilities to meet working capital and project requirements.

 

Designing and implementing systems & procedures; supervising the consolidation of group accounts, Indian GAAP to Ind AS conversion and audit of financial statements.

 

Interfacing with various-tax authorities for timely filing of TDS, GST, Tax Assessments, exemption related benefits, registrations.

 

Reviewing existing processes, and leading the implementation of systems aimed at enhancing process and operational efficiency of the organization  

 

Monitoring the inflow and outflow of funds and ensure optimum utilization of available funds towards the accomplishment of business goals on macro level.

 

To Lead Company wide Cost Optimization Project.