• Assist in the formulation of the corporate strategy for the year and finalization of annual targets along with other functional heads to implement the strategic directions
• Analyze budgets of the Concept and Territory operations monthly, discuss and revise allocations if necessary
• Monitor the income and expenses versus budget, track the variances and recommend corrective actions and follow-up on remedial actions to ensure the adherence to the budget and to support the effective monitoring of performance within the budget for Retail productivity, GM & Net Margin, Stocks & Sales.
• Exercise necessary budgetary controls on all costs incurred by the Territories, ensuring that they comply with the drawn budgets
• Monitor Capital Expenditure plans for various territories
• Deliver set standards of MIS reports for various departments, ensure timely preparation and presentation of periodic MIS and interpret data to suggest ways of cost optimization and store performance improvement
• Ensure scrutiny and timely payment to all suppliers and supplier accounts reconciliation
• Supervise timely and accurate internal audits and finalize Accounts for the Concept
• Review and validate Payroll, Overtime payments and Incentives on time
• Ensure optimal / economic stock holding
• Ensure the stocks are in line with pre decided norms on terms of stocks levels, stock ageing, and slow moving items, to take timely decisions whenever required

Budgeting and Forecasting/ Project feasibilities

• Formulating and executing annual and long range financial plans, focused on underlying business drivers and sensitivity analysis by modeling and quantifying the potential effects of changes in business drivers
• Monitoring and controlling the main parameters of business plan in coordination with functional heads viz. rationalization, purchase success, gross margin performance
• Comparison of actual results to plans and prior results for the purpose of identifying the problem areas and implementing corrective actions
• Screening new projects, conducting project feasibility studies and preparing reports to assess the financial viability, predictable cash flow & growth opportunities

Business Analysis & MIS

• Ensuring timely preparation and presentation of periodic MIS reports/ scorecards/ dashboards to top management and interpret data to suggest ways of cost optimization and store performance improvement.
• Undertaking business analysis viz. scenario analysis, store wise analysis, territory wise analysis, Income & expenses analysis, product profitability analysis as well as adhoc analysis of various parameters.

Accounts, Costing & Auditing

• Heading finance functions involving designing & implementing systems, policies & procedures to facilitate internal financial control towards the accomplishment of organizational goals.
• Designing manuals for the preparation & maintenance of statutory books of accounts and financial statements, ensuring compliance with time & accuracy norms.
• Establishing strategic cost management systems and preparing and maintaining necessary stock records to track the inward / outward movement of goods and monitor various overheads, ensuring minimum stock level.
• Coordinating internal and statutory audits; evaluating internal control systems / procedures with a view to highlight the shortcomings and implementing necessary recommendations.

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