Regional Finance Manager - Food Business - CA

We have an urgent opening with Leading Food Industries - Mumbai

About Source Solutions Incorporated:

The team at Source Solutions Incorporated has been hiring for over 25 industries, across 5 continents & 33 countries. It is a team that relies strongly on the art of headhunting to find the right talent for the right role. We have built our credibility by ensuring we deliver results and by ensuring that we remain informed and ahead of the curve.

We have also developed our own recruitment platform called GoEvals, which allows us to hire leveraging technology. We have built our own capabilities of remote hiring, video interviewing & conducting digital candidate reference checks using real time analytical reports. Thus, combining technology with superlative headhunting skills.

The Team is constantly trained on new emerging trends & keeps themselves informed about not just what is happening within the recruitment practice but also in the industries that they hire in. This helps them provide critical insights to the position they are head hunting for and ensures they are able to identify quality talent quickly for our clients.

Following are the details:

Role: Regional Finance Manager

Experience: 7+ years

Qualification: CA 2011 - 2015 (Pass out)

Location: Mumbai

Job Description:

This role will be broadly categorized into two parts:

First ensuring financial controls & statutory compliances and second supporting operation team in analyzing and driving region business performance by closely working with RMs. This role will require some travel also.

Financial Controls & statutory compliances

- Ensuring store complete timely EOD in POS and SRS

- In case of any unresolved queries/long pending queries from corporate office, like pending cashless to be filled by restaurants, long pending Reco issues, Cash not being deposited timely by restaurant, Utility bills not submitted by restaurants timely, vendor recons and helping the Corporate Finance team to get it resolved. Work closely with regional IT or any other regional department to get these resolved

- Assist the Corp Finance team in reviewing the monthly closure checklists, resolving internal and statutory audit queries

Work to strengthen controls at Restaurants / Commissaries specially matters pertaining to :

- Safeguarding of Inventory, Fixed Assets, Cash / Cheque / Cashless etc

- Check for "Display" of critical statutory compliances at restaurants such as GST no. / Licenses / HR related displays etc. - and in case of non-compliances, escalate to the Corporate Office (relevant functions) at regular intervals

- To check sales invoices on test basis w.r.t. GST rates

- Regular or surprise visit to restaurant to verify Inventory, Fixed assets, cash in hand etc

- Monitoring of cash expenses as per policy defined - Regular training / updation to the Region regarding Finance related policies / procedures/software functionalities etc

- Sharing of "New" initiatives taken by the Corporate Finance to the Regions. Work with the Corp Finance improves financial systems in the region and assist in introducing change where requested as part of the global improvement

- Ensuring tax compliance like submission of documents with the VAT/LBT/GST authority, if receive any VAT/CST/Entry Tax /GST related notices timely forward/apprise corporate office on that MIS & Analysis

- Collecting, analyzing and managing quantitative data and creating meaningful reports to drive business improvement across region

- Leading monthly finance close with detailed root cause analysis of variances vs budgets/estimates. Monitoring monthly budgets, expenses/payments at restaurant level falling in that region

- Key finance business partner for various initiatives carrying out at region. Responsible for conducting financial review activities, provide suggestions for revenue enhancement, pricing strategy and cost controlling

- Benchmarking circles and conducting reviews in order to provide strategic financial insights and improve performance of the Region

- Support RMs in preparing the annual budget and subsequent variance analysis of actual vs budget. Working closely with circle heads for identification of best practices, top/bottom performing restaurants, closure of restaurant, if required

- Work closely with business team, supply team and IT team to ensure business goals with financial goals are achieved

- Continually improving internal processes and controls. Ensure compliance with corporate governance and policies