Manager FP&A required at a Retail Major, Mumbai
Retail Major
Experience : 5years - 6 years
Salary: 0.0 Lacs - 0.0 Lacs
Location: India, Mumbai,
Job Validity: 2021-12-31
Functional Skills: Budgeting,MIS Reporting,Financial Planning and Analysis
Job Type : Permanent
Industry : Retail
Qualification : Chartered Accountant,
Role : Manager FP&A required at a Retail Major, Mumbai

Job Description

1. Job Purpose 

  1. Provide FP&A finance support to the business by means of data analysis and financial reporting on performance of the Company and ensure proper fund flow and investment to boost business profitability.
  2. Preparation of the short term and long-term business plan and rolling forecast, the Quarterly/Monthly deck, Board presentations, other ad-hoc analysis for the Business.
  3. Minimum Qualification: C.A.
  4. Skills and abilities: Analytical, stakeholder management, effective communication & presentation skill

With COVID 2019, an unprecedented black swan event, has impacted brick and mortar retail adversely and has brought drastic shift in shopping behaviour from offline to online mode due to
safety concerns. This called for a rapid shift in the business model towards having an Omni-channel presence and revisiting costs.
2. Key Challenges:

  1. Ensuring the store operations are run smoothly and there is no financial hindrance to new stores is a key step for achieving company's expansion plans. Therefore, even in case of industry complexities or business exigencies, making sure the financial strength of the existing and new opening stores is a major challenge.
  2. Maintaining relations with vendors and contractors even during negotiation of the rates with the vendors and ensuring the correctness in awarding the contracts based on valuations.
  3. Maintaining cordial relationships with different departments while doing commercial evaluations of marketing schemes or other transactions and ensuring everyone is aligned to achievement of organizational goals.
  4. In times of high price escalations, ensuring the cost of project and store operations is as per the CAPEX plan also becomes a challenge to ensure no impact to the business profitability. Job Challenges.
  5. Achieve results amidst ambiguity.
  6. Influence senior stakeholders to drive business agenda.

3. Principal Accountabilities


Supporting Actions



Budgeting and Planning

  • Co-ordinate with all functions for relevant inputs for budget, long-term planning and rolling forecast of the financials.

  • Review and validate the forecasted financials against past performance/norms and targets set by Management.


Monthly MIS

  • Analyze and review financial statements and prepare detailed periodical reports and monthly MIS decks for various stakeholders.

  • Prepare and present the monthly financial performance to the top management


Cash flow management

  • Provide cashflow insight for effective cash management.

  • Tracking WC movement closely to meet budgetary target.


Competition tracking and Analysis


  • Publish quarterly report on competitors and consolidating operational and financial indicators into actionable items, reports, and presentations. 

  • Benchmarking our cost against competition.


People Management

  • Identify, develop, and groom talent within the team

  • Set clear performance expectations and provide constructive feedback to the team on a regular basis


  1. Relationships (if applicable)




CEO and EX com

During Budget Review

Information sharing

Ex COM and D.R. s

During Budget Review


Information sharing

Commercial Team


Information seeking

Central Team


Information sharing and seeking





  1. Dimensions
    What are the areas (in quantitative terms) the job has an impact on?







Cash flow management










Reporting deviations


PT New store

Pan India





About Company

The market size of the domestic apparel retail industry is currently estimated to be at 1.9 Lac Crore Rupees per annum and is estimated to grow at a CAGR of 10% per annum. The depth and width of the business can be estimated by the share of the urban ready to wear market which is a meagre 28%. The industry is witnessing heightened levels of activity with existing players consolidating themselves through partnerships, inorganic growth and new foreign players entering the Indian market, thanks to the traction being witnessed on the much-awaited FDI policy of the government. With 340+ stores, along with aggressive expansion plans, scaling up operations requires a tremendous amount of planning, execution excellence, and inter functional coordination. Creating newer brands built on a fine balance between product quality and price, effective operations management, concept to consumer translation for creative functions, strategically sound planning, merchandizing, and pricing, effective human resource management, and commercial acumen will be critical factors towards the success of the organization. The company being a listed company, corporate governance, compliances, and investor relations is also key to the success of the organization. The Company is enroute to establish itself as a fashionable brand catering to multiple segments. Upholding the brand promise to the discerning customer who is spoilt for choice is a major challenge for the role holder. In a market which is fast getting inundated with international brands, highlighting the brand, and attracting customers to the store is critical. The range of offerings is complex, diverse and each brand has a unique/ differentiated ethos which needs to be translated into an appropriate product with targeted gross margins superior control on work processes & enabling quicker controls for reviewing and changing with lateral thinking is required for the effective delivery of the position.

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Posted on
15 Nov 2021