Senior Finance Manager - Retail Chain & Hospitality

Description:

Key Responsibilities:

- Strategic Financial Leadership

- Lead the end-to-end financial strategy, planning, and control for the retail and hospitality vertical.

- Drive business profitability, cost optimization, and cash flow management across multiple business units.

- Partner with senior leadership to align financial goals with organizational growth strategies.

- Prepare and analyze annual budgets, forecasts, and long-term business plans.

- Provide financial insights to support expansion plans, new outlets, and franchise feasibility studies.

Financial Operations & Control:

- Oversee day-to-day accounting, audits, and reconciliations across all locations and business units.

- Ensure timely closure of monthly, quarterly, and annual financial statements in compliance with statutory and company standards.

- Implement and monitor robust internal controls for inventory, cash handling, procurement, and revenue recognition.

- Supervise vendor management, AP/AR, payroll, and taxation processes.

- Establish standardized reporting systems for retail outlets and hospitality units, ensuring transparency and accuracy.

Compliance, Governance & Risk Management:

- Ensure full compliance with GST, TDS, Income Tax, and ROC regulations.

- Liaise with statutory auditors, internal auditors, and government authorities for compliance and audits.

- Mitigate business and financial risks through effective governance, insurance, and contingency planning.

- Maintain strong ethical financial practices and data integrity across all operations.

Business Analysis & Decision Support:

- Develop MIS dashboards and performance metrics for operational and financial tracking.

- Conduct profitability analysis for outlets, cost centers, and product/service lines.

- Evaluate capital expenditures, new projects, and return-on-investment (ROI) studies.

- Collaborate with operations and marketing teams to optimize pricing, promotions, and cost efficiency.

Team Leadership & Development:

- Lead, mentor, and develop the finance team across different locations.

- Build a high-performance culture focused on accountability, accuracy, and continuous improvement.

- Coordinate with cross-functional departments HR, IT, Supply Chain, and Operations for seamless financial integration.

Technical & Functional Competencies:

- Strong knowledge of Indian Accounting Standards (Ind AS) and Companies Act compliance

- Expertise in ERP systems (SAP, Oracle, Tally Prime, or similar) and advanced MS Excel / Power BI skills

- Proficiency in financial modeling, variance analysis, and cash flow forecasting

- Understanding of POS, inventory management, and revenue systems in retail/hospitality environments

- Familiarity with GST filing, tax audits, and statutory reporting

- Exposure to multi-location, multi-entity consolidation and intercompany accounting

Qualifications & Experience:

- Education: CA / CMA / MBA (Finance) from a reputed institution

- Experience: Minimum 15 years in Finance, with at least 5 years in a senior leadership role within retail chains, restaurants, or hospitality

- Proven experience managing multi-unit financial operations (franchise, outlets, or hotels)

- Strong business acumen, analytical skills, and commercial understanding

- Excellent communication and stakeholder management skills

- Ability to thrive in a fast-paced, growth-oriented environment

Preferred Attributes:

- Exposure to strategic expansion projects (new outlets, mergers, franchise rollouts)

- Experience with financial digitization and automation initiatives

- Demonstrated success in cost leadership and process optimization

- Strong interpersonal skills and hands-on leadership approach