Key responsibilities

• Assist in the formulation of corporate strategy and annual targets along with other functional heads to implement strategic directions
• Coordinate the setting up of revenue projections based on projected sales for each store in the territory
• Analyse budgets of the Concept and Territory operations monthly, discuss and revise allocations if necessary
• Monitor income and expenses versus budget, track variances, recommend corrective actions, and follow-up on remedial actions to ensure adherence to budget
• Conduct reviews and evaluations for cost-reduction opportunities and deliver set standards of MIS reports for various departments, ensuring timely preparation and presentation
• Ensure thorough checking of the entire MIS prior to sending to Corporate office while adhering to agreed timelines
• Exercise necessary budgetary controls on all costs incurred by the Territories to comply with drawn budgets and internal control systems
• Evaluate and present feasibility of new projects and assess financial implications of new or existing stores/ventures
• Monitor Capital Expenditure (CAPEX) plans for various territories
• Ensure proper approval and authorization of all payments, supervise online accounting, and ensure accuracy of all transactions including payroll, overtime, incentives, petty cash, and supplier payments
• Implement controls and procedures for debtor invoices, monthly cash certificates, and banking transactions
• Supervise timely and accurate internal audits and finalize Accounts for the Concept
• Represent the Concept in all financial matters with banks, auditors, and other relevant parties
• Train and educate finance team members on errors, new developments, and process improvements
• Safeguard all Concept assets and monitor franchise agreements, lease contracts, AMCs, TL, and insurance
• Coordinate project execution for new stores or warehouse requirements and liaise with corporate legal team for any financial matters