Financial Leader

Financial Leadership Role

About the job:

This is a senior-level finance position that will play a crucial role in overseeing the financial operations of our fashion brand with a strong focus on e-commerce. The ideal candidate will have substantial experience in finance within the fashion industry, particularly e-commerce, and will collaborate closely with the executive team to support profitability and growth.

Key Responsibilities:Financial Strategy & Planning

• Develop and implement financial strategies that align with the company's objectives.
• Support the budgeting process, including the preparation of annual budgets and forecasts.
• Provide insights into market trends and competitive dynamics to aid financial planning.

Financial Reporting & Analysis

• Prepare accurate financial statements, including profit and loss accounts, balance sheets, and cash flow statements.
• Present financial reports to the executive team and other stakeholders.
• Conduct financial analysis to inform business decisions, including profitability assessments, cost control, and investment evaluations.

E-Commerce Financial Management

• Oversee the financial aspects of e-commerce operations, including revenue forecasting, margin analysis, and cost management.
• Monitor online sales performance and offer recommendations to enhance profitability and optimize customer acquisition costs.
• Collaborate with the e-commerce team to develop pricing strategies and promotional campaigns aligned with financial objectives.

Cash Flow Management

• Manage cash flow efficiently, including working capital, payment cycles, and investment opportunities.
• Monitor and manage financial risks related to currency fluctuations, inventory, and supplier payments.

Cost Control & Profitability

• Implement cost control measures across the organization, focusing on sourcing, production, and logistics.
• Evaluate and optimize cost structures to improve margins in retail and online sales channels.
• Lead efforts to improve operational efficiency and reduce unnecessary expenditures.

Financial Compliance & Risk Management

• Ensure compliance with financial regulations and standards, including tax laws and reporting requirements.
• Manage the external audit process and liaise with auditors for accurate and timely reporting.
• Identify and mitigate financial risks, including credit, market, and operational risks.

Team Leadership & Development

• Supervise and mentor the finance team, encouraging professional development and best practices.
• Provide training and guidance on financial best practices and industry-specific challenges.
• Ensure the finance department operates efficiently with clear roles, responsibilities, and performance expectations.

Stakeholder Management

• Collaborate with stakeholders such as investors, suppliers, and external partners to ensure financial transparency and support business growth.
• Build and maintain relationships with banking partners and financial institutions for effective financial management.
• Provide financial insights to support negotiations with suppliers and service providers.

Technology & Systems

• Oversee financial systems and tools to improve reporting, analysis, and decision-making.
• Leverage technology to enhance financial operations, including e-commerce platforms, ERP systems, and data analytics.

Qualifications & Experience

• Education: ACA, ACCA, CMA, CIMA (Part-Qualified or Qualified)
• Experience: Minimum of 7-10 years of experience in finance, with at least 3 years in a managerial role within the fashion & textile industry.
• Skills: Proficiency in financial modeling, analysis, and forecasting. Experience with financial software. Strong analytical, leadership, and communication skills.

Key Competencies

• Strategic Thinking: Ability to contribute to the development and implementation of long-term financial strategies.
• Analytical Skills: Strong analytical abilities to interpret financial data and provide actionable insights.
• Leadership: Demonstrated experience in managing and developing high-performing finance teams.
• Commercial Acumen: In-depth understanding of the fashion and e-commerce sectors with a focus on profitability and growth.
• Adaptability: Capacity to excel in a dynamic, fast-paced environment with evolving market conditions.

Compensation & Benefits

• Tax-Free Monthly Salary: Rs. 175k per month
• Bonus: One guaranteed annual bonus, subject to performance and achievement of KPIs
• Employee Share Option Pool: Participation subject to vesting and performance conditions
• Health Insurance
• Paid Annual Leaves
• Provident Fund Scheme to be introduced soon

Job Requirements:

The successful candidate must possess excellent leadership skills, strategic thinking, and strong analytical abilities. Proficiency in financial modeling, analysis, and forecasting is also essential. Additionally, experience with financial software and strong communication skills are highly desirable.

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