V Mart Retail - Business Analyst

V Mart Retail is urgently looking for a Business Analyst to streamline Business Strategic Planning mechanism and would be based in Corporate Office in Gurgaon, Phase V

Job Description : Business Analyst

Work Location: Gurgaon

The primary responsibilities would be as follows:

Major Activities :

- Collaborating with top management to prepare short & long term business plans and ensuring their implementation as per plan

- Studying industry, market & product segmentation and performing competition analysis

- Carrying out in-depth analysis of region-wise, store-wise & product-wise sales & profitability to assist top management in decision making

- Assessing new store opening plans & financial models

- Accountable for optimization of net working capital, tracking inventory & payables and performing vendor flow through analysis

- Administering domestic & global vendors- terms of trade, taxation, commercials & payments

- Identifying bottlenecks for growth & plan counter measures for the same along with business heads

- In consultation with HODs define Key Performance Indicators to measure operational performance

- Provide data and analysis on past performance to support the planning process and to guide target setting

- Consolidate inputs from HODs and Disseminate approved plans to HODs

- Prepare and present consolidated budget (annual/monthly/seasonal) and key business related analysis to management for approval

- Iterate for approval

- Prepare monthly operational and business analysis / reports

- Interact with HODs to understand variances and future impact

- Monitor performance indicators, analyze trends / variances, identify issues and opportunities

- Prepare consolidated forecasts for review and decision by management - business plans: budget vs. actual, action plan etc.

- Analyze and suggest areas for cost control and reduction

- Prepare business and operational reports / presentations for management / board of directors

- Benchmark and share company's business and operating results against industry performance

- Consolidate and analyse purchase and sales data, competitor pricing data and other internal benchmarks to develop a robust pricing model

- Advice on pricing of all items/SKU's to ensure that margins are as per objectives while ensuring maximum sales at the price point as well

- Contribute/advice on discounts to be offered after analyzing various factors like inventory age, profit after discount etc.

- Ensure that pricing and billing at stores are as per policies and guidelines defined by the pricing model

- Ensure and monitor implementation of internal control systems and templates for data capture

- Contribute to the continuous improvement of business control systems, business information systems and processes to ensure the efficient and effective operation of the business function at

- Ensure that all expenses and revenue generation for each department is captured in the system and is as per the defined business plan

- Facilitate and provide support for audits

- Maintain effective relationship with managers and officers within the function ensure teamwork with related functions

- Ensure that staff are developed, trained, motivated, evaluated for job performance and compensated fairly

- Ensure proper staffing in areas of responsibility

V-Mart is a complete family fashion store that provides its customers true value for their money.

We offer our customers a great shopping experience each time they visit at V-Mart store by offering a vast range of products under one roof. Maintaining high standard s in quality and design, V-Mart offer fashion garments at down-to-earth prices and over a period of time has emerged as the destination of choice for bargain hunters and the fashionable alike.

We primarily operate in tier II & tier III cities with the chain of - Value Retail- departmental stores. Our stores cater the needs of the entire family altogether by offering apparels, general merchandise and kirana goods.

- Price Less Fashion- is the Main Motto through which we believe in providing the latest trends to the upwardly mobile Indians at the best possible price.

We have 107 stores across 90 cities in 12 states and union territories,with a total retail area of 8.72 Lac sq.ft (8.10 Thousand Sq Mtr.). Our stores are located in prime cities such as Bihar, Chandigarh, Gujarat, Haryana, Jammu and Kashmir, Madhya Pradesh, New Delhi, Punjab, Rajasthan, Uttarakhand and Uttar Pradesh. We are among the pioneers in setting up modern ambiance stores or large retail malls across various small towns and cities like including Sultanpur, Ujjain, Motihari and more.

First incorporated as Varin Commercial Private Limited under the Companies Act in 2002 in West Bengal. Then in 2003, we opened our maiden store in Ahmedabad (Gujarat).

In the Year 2004 we have opened our first store in capital city, new delhi.

Further in 2006 we have crossed 1 lac sq.ft. retail space and subsequently renamed to V-Mart Retail Private Limited.

In the year of 2008, we hit the base by registering V-Mart Retail as a public limited entity and also crossed the turnover of 1,000 million INR As the time passes by we took the shape of a renowned family brand that caters the needs of whole family by offering high quality retail products. Along with growing customers, we achieved a turnover of over INR 2,000 million in 2011-12 In the Year 2012 we have crossed the retail space of 5 lac Sq. Ft.

We have a standalone concept of One Stop Family Shop with a comprehensive portfolio of retail product offerings and a large assortment of product categories catering to the entire needs of the family. With providing contemporary fashion at a reasonable price. V-Mart has been successful in creating an identity for itself amongst the target segment of the society. For the convenience of customers as well as to identify the store's stock requirement and sales pattern, V-Mart has internally created 4 divisions/formats that are mentioned below. In certain stores the company has blended two concepts into one if required.

V-Mart Aspire

This format caters to the young generation and hence the focus of the company is to provide GEN X latest trends in fashion. The target customers are the youth and hence the designers in the company study the market trend to purchase and stock the merchandise accordingly.

V-Mart Plus

These stores cater to all the age groups and serve the basic needs of customers and provide contemporary fashion as well. Since the store serves customers of all age group and across the sections of the society, the company stocks the merchandise accordingly. These stores are normally in an area where the target customers range from kids to senior citizens.

V-Mart Corporate

These stores are targeted at customers from the age group 22-25 years and serve their contemporary fashion needs. The merchandise in these stores are specifically for office going individuals, both male and female and this line has been internally termed by the company as Gold Line Fashion. These stores are located in areas where the population mostly comprises of working professionals.

V-Mart Values

These stores cater to all age group formats focusing on basic needs keeping in mind the economic status of the region where the store is situated. But along with providing low cost products with good fashion, the quality of the products is not compromised on and the company provides value for money while manufacturing/purchasing low cost products.