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Financial Operations Manager

1 month ago

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Arvind Fashions Limited is a leading lifestyle company in India, offering a diverse range of fashion brands. Our company has a proud heritage, dating back to Arvind Ltd., a renowned integrated textile player in India. We have built a strong portfolio of homegrown and global brands that cater to various lifestyles, categories, and price points. Our brands are available across 1300 standalone stores and 5000 departmental & multi-brand stores in over 192 cities and towns across India, as well as online on our e-commerce platform and other third-party marketplaces.

Job Overview:

We are seeking a highly organized and detail-oriented Financial Operations Executive to oversee and manage the financial aspects of purchase order creation and invoice accounting using SAP software. The successful candidate will play a crucial role in ensuring the accuracy and efficiency of financial processes and will be responsible for data management, budget evaluation, and reporting.

Key Responsibilities:

  1. Purchase Order Management:
  • Create and manage purchase orders using SAP or other relevant software.
  • Ensure purchase orders are accurate and comply with company policies and budget constraints.
  • Coordinate with the procurement team to track order status and resolve any discrepancies.
  1. Invoice Accounting:
  • Validate and process invoices through SAP, ensuring accuracy and adherence to company guidelines.
  • Monitor and resolve any discrepancies or issues related to invoices.
  • Collaborate with vendors and internal teams to resolve payment discrepancies.
  1. Financial Data Management:
  • Maintain an organized and easily accessible database of financial records, including purchase orders and invoices.
  • Ensure that financial data is complete and up-to-date for reporting and auditing purposes.
  1. Budget Evaluation:
  • Assist in the development and monitoring of departmental budgets.
  • Prepare regular reports on budget utilization and provide insights and recommendations for cost control.
  1. Weekly Reporting:
  • Prepare and present weekly reports on the department's financial spending to the Head of Projects.
  • Highlight any variances, financial risks, or opportunities for improvement.
  1. Compliance and Documentation:
  • Ensure compliance with accounting and financial regulations.
  • Maintain accurate and up-to-date documentation of financial transactions.

Requirements:

  • Bachelor's degree in Finance, Accounting, or a related field. A master's degree is a plus.
  • Proven experience in financial operations, purchase order management, and invoice accounting.
  • Proficiency in SAP or other relevant financial software.
  • Strong analytical and problem-solving skills.
  • Excellent organizational and time management abilities.
  • Attention to detail and accuracy.
  • Strong communication and interpersonal skills.
  • Ability to work effectively in a fast-paced and dynamic environment.
  • Knowledge of relevant financial regulations and best practices.