Job Description

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The job holder will be responsible for managing and assisting the HoF in Financial Planning & Analysis, Budgeting, Periodic MIS reporting and controlling functions in the Concept. The job holder will be expected to utilize and manage financial resources and systems necessary to deliver Concept operational objectives. The job holder will be 2nd in line to the concept HoF.
Responsibilities:
Budgeting, Cost Control & MIS

• Assist in the formulation of the corporate strategy for the year and finalization of annual targets along with other functional heads to implement the strategic directions
• Coordinate the setting up of the revenue projections based on projected sales for each store in the territory
• Analyse budgets of the Concept and Territory operations monthly, discuss and revise allocations if necessary
• Monitor the income and expenses versus budget, track the variances, recommend corrective actions and follow-up on remedial actions to ensure the adherence to the budget and to support the effective monitoring of performance within the budget for:

• Revenue Productivity
• Gross Margin and Net Margin for the Concept
• Cash flow and NWC Management
• Conduct reviews and evaluations for cost-reduction opportunities
• Deliver set standards of MIS reports for various departments, ensure timely preparation and presentation of periodic MIS and interpret data to suggest ways of cost optimization and store performance improvement
• Ensure thorough checking of the entire MIS prior sending to Corporate office while adhering to agreed timelines
• Exercise necessary budgetary controls on all costs incurred by the Territories, ensuring that they comply with the drawn budgets
• Ensure due compliance in accordance with financial control parameters accountable for Internal Control System
• Evaluate and present feasibility of new projects and assess the financial implications of new or existing stores/ventures
• Monitor Capital Expenditure plans for various territories

Accounting and Audit

• Ensure proper approval, authorization of all payments and ensure accuracy in timelines and accuracy in all payments
• Develop and maintain systems for prompt and accurate collection of financial and accounting information
• Supervise online accounting and ensuring accuracy of all transactions
• Ensure scrutiny and timely payment to all suppliers and supplier accounts reconciliation
• Ensure purchase protection by enabling recoveries from suppliers
• Ensure creditors accounting and the non - group company accounting is taken care of
• Supervise timely and accurate internal audits and finalize Accounts for the Concept
• Review and validate Payroll, Overtime payments and Incentives on time
• Implement controls and procedures for debtors invoices and for monthly cash certificates
• Review and authorise banking transactions
• Review and Authorize Petty cash / Medical / Leave Settlement vouchers
• Review and approve Supplier payments

Miscellaneous

• Implement improvements in business processes as directed by Head - Finance
• Represent the Concept in all financial matters with banks, auditors and other relevant parties
• Train and educate the team members about errors/new developments
• Ensure that all the Concept assets are safeguarded
• Monitor Franchise agreements of various brands (if applicable)
• Monitor and renew Lease Contracts/AMCs/TL/ Insurance (if applicable)
• Coordinate for Project execution (New Stores / Warehouse) requirements (if applicable)
• Coordinate with the corporate legal team for any legal matter of the concept

Qualifications:
Graduate Degree in Commerce , CA / CPA / CIMA / ACA / ACS / ACWA / MBA
8 - 10 years of experience
Finance and Operations preferably in a Retail environment with specific exposure to operational financial planning and budget control * Accounting theory Concepts (e.g., internal controls, financial statement preparation, accrual accounting)

• Basic Accounting Tools or Financial tools (e.g. CAPEX)
• Knowledge of ERP based Accounting Systems
• Knowledge of International Financial Reporting (IFRS Standards)
• Financial Budgeting and Forecasting techniques
• Business valuation techniques
• Commercial and Business Awareness
• Logistics knowledge
• VAT and Corporate Tax Laws
• Attention to detail
• Analytical ability
• Negotiation skills
• Problem Solving
• Communication

About Us:
Our journey started in 1973 with a single store in Bahrain. Since then, we have grown into a global retail and hospitality group. The proud creator of 25 plus value led, own-built brands across retail, hospitality, food, and leisure.
Over the years, our UAE - based group has evolved into a comprehensive retail and hospitality entity, with over 2200 retail stores, leisure, and hospitality outlets, panning the GCC, Middle East, India, Southeast Asia, and Africa. Today, Landmark Group is one of GCC's largest omnichannel retailers and India's top home and fashion retailer.
We take immense pride in the organic growth of our retail brands, which have blossomed into household names. From Max, Splash, Babyshop, Centrepoint, Shoemart, Homecentre, Emax, Fitness First, to Funcity, to name a few, our brands span across a multitude of categories, enriching the lives of countless families over the past decade.
About the Team:
Landmark Leisure is the entertainment division of the iconic Landmark Group and was founded in 1999 with its flagship brand, Fun City. Since then, it has been the best-recognized family entertainment brand across the UAE, Bahrain, Kuwait, Oman, Qatar, and India catering to children from 1-12 years old. Our brands encourage children to learn whilst they play, with a variety of activities focused on their growth and development. The five Family Entertainment Centre (FEC) brands of the Landmark Leisure division include Fun City, Fun Ville, Fun Block, Fun Works, and Tridom.

Skills Required