Job Description
DUTIES & RESPONSIBILITIES:
Budget and Cost Control
- Assist in monitoring the allocated budget for the store to ensure compliance and highlight possible issues
- Provide inputs on the preparation of the budget when necessary
- Provide inputs on cost reduction measures for the store
Risk Management and Insurance Coverage
- Ensure proper and adequate insurance coverage
- Ensure that financial aspects of the contracts are adhered to and are renewed in a timely manner
Internal Control and Audit
- Ensure alignment of procedures with those developed by the Finance function
- Guarantee that the fixed asset register is properly maintained
- Ensure that payroll is processed accurately and timely
- Control suppliers’ payment terms and consequences
- Monitor stock-check, sleeping stock, receiving controls, and analyze shrinkage result
- Perform audits on CCO to minimize cash flow risks, prepare corrective actions and proposals for improvement
- Ensure the strict implementation of Internal Audit recommendations
- Review, develop and implement the financial strategy that supports the company’s corporate and business strategies
Reporting
- Oversee the preparation of store performance analysis by Department/Section
- Prepare business presentations and reports for stakeholders periodically and ad hoc basis when required
- Provide a summary of asset information to the management regularly
- Responsible for business analysis and modeling including:
- Monthly financial closing (budgetary control, P&L, Balance Sheet, and Cash Flow)
- Monthly forecast
- Annual budget
- Store turnover
- Cash flow
Human Capital Responsibilities
- Assist in the implementation of the performance management process by setting objectives, monitoring performance, and providing constructive feedback and provide inputs to senior management
- Provide mentorship for the purpose of developing a continuous talent pipeline for key roles
- Provide inputs on training needs and coordinate with the Human Capital department to ensure the facilitation of training requirements
- Develop and implement on the job-training for the team
- Provide inputs for the development of the annual manpower plan
- Ensure the implementation of Retail’s corporate policies and relevant procedures
KNOWLEDGE, SKILLS, AND EXPERIENCE:
- Bachelor’s Degree in Finance, Business Administration, or Commerce
- A minimum of 5 years in a similar role, of which 2+ years in retail business
- Strong analytical and technical skills in financial analysis and reporting
- Good project management skills
- Knowledge of MS Office, particularly modeling in Excel
- ICPAK Membership
- Presentation skills
- Accounting concepts and knowledge of IFRS
- Investment appraisal process and capital budgeting