31 Oct
|
Career Path HR Solution
|
Bhubaneswar
31 Oct
Career Path HR Solution
Bhubaneswar
Job Description - Finance Head
Industry: Food & Beverage (F&B;) / Retail / QSR / Hospitality / FMCG
Location: Bhubaneswar, Odisha
Department: Finance & Accounts
Reporting To: Founders
Experience: 10-15 Years
Leadership Experience: Minimum 3-5 Years
Qualification: CA / CMA / MBA Finance preferred; Bachelor's degree in Commerce, Finance, Accounting, or a related field
Compensation: 10-12 LPA Fixed + 10% Performance-Linked Variable
Job Summary
We are looking for an experienced and hands-on Finance Head to lead the overall finance function, ensuring strong financial controls, profitability, cash flow management, regulatory compliance, and strategic financial planning. The candidate should have experience in multi-unit retail, QSR, hospitality, FMCG, or other consumer-facing businesses and be capable of supporting business expansion while maintaining financial discipline.
Key Responsibilities
Financial Planning & Strategy
Develop annual budgets, business plans, and financial forecasts.
Drive financial strategy aligned with business growth objectives.
Conduct outlet-wise profitability and contribution margin analysis.
Evaluate expansion projects, capital expenditure (CAPEX), and new business opportunities.
Support fundraising, investor discussions, and financial due diligence.
Financial Control & Accounting
Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.
Establish and maintain strong internal controls and financial governance.
Monitor revenue, expenses, margins, and overall financial performance.
Lead statutory audits, internal audits, and financial reporting processes.
Cash Flow & Working Capital Management
Manage cash flow forecasting and liquidity planning.
Optimize working capital, inventory levels, and vendor payment cycles.
Monitor outlet-level cash controls and banking operations.
Ensure efficient fund utilization across all business units.
Business Finance & Commercial Support
Analyze outlet-wise sales, profitability, and operating performance.
Identify cost-saving opportunities and efficiency improvements.
Collaborate with operations, procurement, HR, and business teams to improve profitability.
Develop and monitor key financial performance indicators (KPIs).
Compliance & Taxation
Ensure compliance with GST, TDS, Income Tax, Companies Act, and other applicable regulations.
Manage tax planning and optimize tax efficiency.
Liaise with auditors, bankers, legal advisors, and regulatory authorities.
Team Leadership & Process Improvement
Build and lead a high-performing finance and accounts team.
Develop finance processes and systems to support business expansion.
Drive ERP implementation and financial automation initiatives.
Mentor team members and strengthen financial capabilities.
Required Skills & Qualifications
- 10-15 years of progressive finance experience.
- Minimum 3-5 years in a finance leadership role.
- CA / CMA / MBA Finance preferred.
- Solid expertise in financial planning and analysis, budgeting, and forecasting.
- Experience in cash flow and working capital management.
- Strong knowledge of taxation, statutory compliance, and financial reporting.
- Experience in financial modelling, investment analysis, and business finance.
- Proficiency in ERP systems such as Zoho, SAP, or Oracle.
- Advanced MS Excel skills and strong MIS reporting capabilities.
- Excellent leadership, analytical, and stakeholder management skills.
Preferred Industry Background
Candidates with experience in QSR, coffee chains, multi-unit retail, hospitality, FMCG, or other multi-location consumer-facing businesses will be preferred.
Experience in business expansion, fundraising, financial due diligence, and ERP-driven organizations is highly desirable.
Key Performance Indicators (KPIs)
EBITDA and profitability improvement
Outlet-wise contribution margins
Budget adherence and forecast accuracy
Cash flow management and working capital efficiency
Compliance and audit performance
Inventory variance and cost control
Timely MIS and management reporting
Compensation Structure: 10-12 LPA fixed + 10% performance-linked variable.
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