Financial Controller
3 weeks ago
Key Responsibilities and Requirements:
This role at Jubilant Foodworks requires a skilled finance professional to lead the regional finance operations. The ideal candidate will possess excellent analytical and communication skills, with a strong command over MS Office, particularly Excel.
Key Responsibilities:
- Collect, analyze, and manage quantitative data to drive business improvement across the region.
- Lead the monthly finance close, conducting detailed root cause analysis of variances vs. budgets/estimates, and monitoring monthly budgets, expenses/payments at restaurant level.
- Act as a key finance business partner for various initiatives, conducting financial review activities, and providing suggestions for revenue enhancement, pricing strategy, and cost controlling.
- Benchmarking circles and conducting reviews to provide strategic financial insights and improve performance of the region.
- Support Regional Managers in preparing the annual budget and subsequent variance analysis of actual vs. budget.
- Collaborate with circle heads for identification of best practices, top/bottom performing restaurants, and closure of restaurants if required.
- Work closely with the business team, supply team, and IT team to ensure business goals align with financial goals.
- Continuously improve internal processes and controls, ensuring compliance with corporate governance and policies.
Financial Controls and Statutory Compliances:
- Ensure timely completion of store EOD in POS and SRS.
- Resolve unresolved queries/long pending queries from the corporate office, such as pending cashless, long pending reco issues, cash not being deposited timely by restaurants, utility bills not submitted by restaurants timely, vendor recos, and assist the Corporate Finance team in getting it resolved.
- Assist the Corp Finance team in reviewing the monthly closure checklists, resolving internal and statutory audit queries.
- Strengthen controls at Restaurants/Commissaries, particularly matters pertaining to safeguarding of Inventory, Fixed Assets, Cash/Cheque/Cashless, etc.
- Check for display of critical statutory compliances at restaurants, such as GST no./Licenses/HR-related displays, and escalate to the Corporate Office (relevant functions) at regular intervals.
- Verify sales invoices on a test basis w.r.t. GST rates.
- Regular or surprise visits to restaurants to verify Inventory, Fixed Assets, cash in hand, etc.
- Monitor cash expenses as per policy defined.
- Regular training/updation to the Region regarding Finance-related policies/procedures/software functionalities, etc.
- Share 'New' initiatives taken by the Corporate Finance to the Regions, working with the Corp Finance to improve financial systems in the region and assist in introducing change where requested as part of the global improvement.
- Ensure tax compliance, including submission of documents with the VAT/LBT/GST authority, and timely forwarding/appraising the Corporate Office on any VAT/CST/Entry Tax/GST-related notices.
Requirements:
- Qualified CA 2011-12 passout, preferably first attempt.
- 10 years of post-qualification experience.
- Analytical ability and command over MS Office, particularly Excel.
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