Finance Controller
Job Description:
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POSITION OBJECTIVE |
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The job holder will be responsible for Financial Accounting, Budgeting, Banking, Warehouse Coordination, MIS, Legal and IT Operations of the company. The job holder will also be responsible for instituting, directing and controlling the financial policies and activities of the company |
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DO — Key Responsibilities |
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1. |
Budgeting and Cost Control § Assist the Chief Executive Officer 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 § Formulate financial policies/procedures within the framework of the group policies aimed at achieving the business growth and controls and ensure that the Finance Team follows internal control measures to safeguard financial interests § Participate in the preparation of budgets across all the verticals of the company. § Facilitate the setting up of sales projections and of purchase budgets based on projected sales for each project and each department § Through the team coordinate the operational and seasonal budgets with the various management teams, including financial projections and cash flow statements, and ensure that they are prepared and finalized § Monitor annual purchase budgets as per plan § Review and discuss monthly financial accounts and variances against budget achieving cost control on the controllable expenditures § Ensure that the overall margins to be achieved are as per budgets § Monitor the income and expenses versus budget, track the variances, 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 § Review management analyses from the quarterly data to identify variance from trends and budgets § Ensure delivery of set standards of MIS reports for various departments, ensure periodic MIS generation and interpret data to suggest ways of cost optimization and store performance improvement § Review and provide exceptions, variance, retail productivity, stock, sales, financial and budgetary analyses through MIS reporting |
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Accounting and Audit § Manage payables and receivables for the Company § Approve, authorize all payments and ensure accuracy in timelines and accuracy in all payments § Set up controls and procedures for debtors invoices and for monthly cash certificates § Develop and maintain systems for prompt and accurate collection of financial and accounting information § Maintain accounting by ensuring expenses are properly accounted for § Ensure thorough checking of the entire MIS prior while adhering to agreed timelines § Ensure generation of monthly and quarterly financial statements - Balance Sheet and P/L statements in compliance with the statutory/regulatory norms § Supervise timely and accurate internal audits and finalize Accounts for the Company § Ensure Compliance to Company policies, practices and accounting standards § Ensure that the annual financial statements of the company are drawn up in time in line with the Corporate guidelines § Set up controls and procedures for debtors invoices and for monthly cash certificates § Supervise on-time preparation of statutory accounts and liaise with external auditors when required § Supervise Banking transactions – daily fund management, liaison with banks for utilization of funds / bank limits, analyze banking facilities |
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Purchase, Inventory and Project Execution § Ensure proper merchandise management in the business § Ensure optimal / economic stock holding § Negotiate and review arrangements with local purchase suppliers, non trading material suppliers § Supervise, control and authorize all purchases (local+ non Trading) § Review the stocks in line with pre decided norms on terms of stocks levels, stock ageing, and slow moving items, to take timely decisions whenever required § Review new projects – focusing on Break even points / sales break even; main cash flows and P/L accounts |
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Legal and Insurance Matters § Through the Senior Finance Manager / Finance Manager, ensure safe custody of all company assets § Liaise with Legal department and coordinate with the Corporate legal and local legal offices on legal matters § Ensure timely renewal of Trade Licenses / Lease Agreements / Commercial terms with the different authorities, with PR support § Ensure renewal and registration of Trade Marks |
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Information Technology § Ensure smooth functioning of operating system, database, application server software and middleware § Avert IT infrastructure problems and resolve issues before they impact business availability § Ensure minimum downtime of critical IT systems § Ensure efficient turn around of IT software and hardware related complaints, queries § Ensure query design, maintenance and management for MIS generation through ERP systems § Oversee implementation of new IT initiatives § C |
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People Management § Manage the performance of the team – set annual performance goals, monitor performance and provide constructive feedback to improve performance. § Identify their training and development needs and ensure their fulfilment § Develop and mentor subordinates to move to the next higher level of job through career planning § Ensure compliance to Company policies and values |
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Miscellaneous § Initiate and implement improvements in business processes § Train and educate the team members about errors/new developments § Ensure adequate Company support for new territories § Handle all the general administrative affairs of the Company § Ensure that assets are safeguarded and that transactions are properly authorized, recorded, and reported § Handle franchise agreements with Brand principles (if applicable) |
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DISPLAY |
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QUALIFICATION |
Basic Qualification / Education / Vocational Training |
Graduate Degree in Commerce |
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Advanced Qualification / Certification / Specialist Training |
CA / CPA / CIMA / ACA / ACS / ACWA / MBA |
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EXPERIENCE |
Minimum Experience |
10 – 12 years of experience in Finance and Operations preferably in a Retail environment with specific exposure to evolved strategic financial planning and budget control |
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Specific / Relevant Experience |
2 years of heading an independent Finance / Operations / Commercial function |
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COMPETECIES |
Functional Skills and Capabilities |
Accounting theory (e.g., internal controls, financial statement preparation, accrual accounting) Basic Accounting Tools or Financial tools (e.g. CAPEX) Knowledge of ERP based Accounting Systems Knowledge of International Financial Reporting (IFRS Standards) Financial Budgeting and Forecasting techniques Business valuation techniques Analytical ability Negotiation skills Corporate Law and Trademark knowledge Supply Chain Management and Logistics knowledge Resource Management Communication skills |
Key Skills :
Company Profile
At --- ---, we don't simply build structures; we curate legacies. We create environments that inspire, innovate, and endure. With a relentless dedication to excellence and a passion for architectural innovation, we are reshaping skylines and communities.
Our commitment goes beyond traditional ways of development; we emphasize on understanding the pulse of evolving lifestyles, sustainability, and the aspirations of those who inhabit our spaces. We believe in marrying design aesthetics with functionality, infusing every project with the needs of the future.
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