Manager - Finance Landmark Leisure

Budgeting, Cost Control & MIS

• 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

• Coordinate the setting up of the 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 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 for:

o Revenue Productivity

o Gross Margin and Net Margin for the Concept

o Cash flow and NWC Management

• Conduct reviews and evaluations for cost-reduction opportunities

• 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 thorough checking of the entire MIS prior sending to Corporate office while adhering to agreed timelines

• Exercise necessary budgetary controls on all costs incurred by the Territories, ensuring that they comply with the drawn budgets

• Ensure due compliance in accordance with financial control parameters accountable for Internal Control System

• Evaluate and present feasibility of new projects and assess the financial implications of new or existing stores/ventures

• Monitor Capital Expenditure plans for various territories

Accounting and Audit

• Ensure proper approval, authorization of all payments and ensure accuracy in timelines and accuracy in all payments

• Develop and maintain systems for prompt and accurate collection of financial and accounting information

• Supervise online accounting and ensuring accuracy of all transactions

• Ensure scrutiny and timely payment to all suppliers and supplier accounts reconciliation

• Ensure purchase protection by enabling recoveries from suppliers

• Ensure creditors accounting and the non – group company accounting is taken care of

• Supervise timely and accurate internal audits and finalize Accounts for the Concept

• Review and validate Payroll, Overtime payments and Incentives on time

• Implement controls and procedures for debtors invoices and for monthly cash certificates

• Review and authorise banking transactions

• Review and Authorize Petty cash / Medical / Leave Settlement vouchers

• Review and approve Supplier payments

Miscellaneous

• Implement improvements in business processes as directed by Head - Finance

• Represent the Concept in all financial matters with banks, auditors and other relevant parties

• Train and educate the team members about errors/new developments

• Ensure that all the Concept assets are safeguarded

• Monitor Franchise agreements of various brands (if applicable)

• Monitor and renew Lease Contracts/AMCs/TL/ Insurance (if applicable)

• Coordinate for Project execution (New Stores / Warehouse) requirements (if applicable)

• Coordinate with the corporate legal team for any legal matter of the concept