Assistant Manager - Financial Planning and Analysis

Role Overview

Assistant Manager - Financial Planning and Analysis at Apparel Group. This position is responsible for overseeing financial analysis, budgeting, forecasting, and MIS reporting to support strategic decision-making and enhance financial performance.

Role Purpose

The role exists to analyze financial data, ensure data integrity, optimize budgeting processes, and provide key financial insights to management. The position plays a crucial role in cost control, risk assessment, and compliance with financial regulations to drive the organization's profitability and long-term growth.

Key Responsibilities

Financial Planning & Analysis

• Conduct financial analysis and reporting to identify trends, variances, and performance metrics, providing actionable insights for management.
• Assist in the development of annual budgets, quarterly forecasts, and long-term financial projections to align with business objectives.
• Perform variance analysis, comparing actual financial results against budgets and forecasts, and recommend corrective actions.
• Support cost analysis and profitability assessments to drive cost-saving initiatives and process optimization.

Management Reporting & Data Analysis

• Prepare and present accurate MIS reports, including store-wise Profit & Loss (P&L) statements, Balance Sheets, and other financial reports.
• Ensure the timely month-end closing of financial reports and modules in accounting systems.
• Evaluate CAPEX proposals and store feasibility.
• Perform ledger scrutiny, trial balance reviews, and general ledger reconciliation to ensure data accuracy.
• Assist in managing insurance processes for retail outlets, assets, warehouses, and offices.

Budgeting & Forecasting

• Assist in preparing budgets and forecasts, ensuring alignment with strategic objectives.
• Develop and maintain financial models to support business decisions, investment planning, and risk management.
• Support the monthly reconciliation of intercompany transactions and accounts to ensure financial integrity.

Compliance & Risk Management

• Monitor financial compliance with regulatory requirements and internal policies.
• Ensure risk management processes are in place to safeguard financial health.
• Assist in audit processes and internal financial assessments to maintain accuracy and transparency.

Qualifications & Experience

• 5–7 years of experience in Management Information Systems (MIS) or IT management.
• Experience in a leadership role.
• Proficiency in database management, data analysis, and ERP systems.

Skills & Competencies

• Strong analytical skills.
• Strong problem-solving abilities.
• Strong project management skills.

Additional Information

• Reports to: Manager – Financial Planning & Analysis.
• Key relationships include: Business Teams, Functional departments, Executive - MIS & Business Analyst, Manager - Accounts and Finance, Treasury Operations Team, Purchase Team, Manager - Tax.