To plan, develop and control all financial aspects related to the Store for medium to long term. Ensures compliance with all internal policies and process and all regulatory requirements.
Maintain and manage positive working relationships with customers/ principal/ suppliers to ensure effective receivable/ payables management
Provides relevant financial information to Influence key Store decisions
Interfaces with bankers (Loan Repayment, CIL Schedule, Sales Collection, Card Commission), auditors (Yearend or interim audit) or statutory regularities (Compliance with Municipality requirements) etc.
Sets performance objectives and KPI?s for all assigned employees
Manages performance, taking corrective action, where required, on poor performers in line with policy
Responsible for the succession planning for the different roles within Store Finance department.
Analysing Sales: Ensuring Consistency of Daily Sales Forecast, identifying low performance gaps, analysing the 20/80 performance gap, the penetration ratio and the quantity Sold
Analysing Margin: Providing Daily Margin Analysis, identifying the margin gaps, analysing the top margins and calculating the margin of the inventories
Analysing Inventory Differences
Waste analysis: Providing Analysis of Waste Higher than Sales and analysis on the Top 40 Waste Items
Staff Cost Analysis: Providing analysis on actual vs. budget, productivity and Absenteeism
Analysing Stock Depreciation Provision
Analysing and Reporting Monthly Stock Status Situation by Section
Analysing Particular Aspects of Operating Expenses such as Logistic Costs, Shopping Bags, Marketing Expenses
Analysing Store Working Capital as defined in the budget
