Assistant Manager - Financial Planning and Analysis
At a Glance
- Category
- 🏦 Finance & Banking
- Level
- Mid-Level
- Type
- Full-time
What the Software Sees
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The Assistant Manager - Financial Planning & Analysis (FP&A) is responsible for overseeing financial analysis, budgeting, forecasting, and MIS reporting to support strategic decision-making and enhance financial performance. This role involves analyzing financial data, ensuring data integrity, optimizing budgeting processes, and providing key financial insights to management. The position also plays a crucial role in cost control, risk assessment, and compliance with financial regulations to drive the organization’s profitability and long-term growth.
KEY RESPONSIBILITY
Financial Planning & Analysis:
- Conduct financial analysis and reporting to identify trends, variances, and performance metrics, providing actionable insights for management.
- Assist in the development of annual budgets, quarterly forecasts, and long-term financial projections to align with business objectives.
- Perform variance analysis, comparing actual financial results against budgets and forecasts, and recommend corrective actions.
- Support cost analysis and profitability assessments to drive cost-saving initiatives and process optimization.
Management Reporting & Data Analysis:
- Prepare and present accurate MIS reports, including store-wise Profit & Loss (P&L) statements, Balance Sheets, and other financial reports.
- Ensure the timely month-end closing of financial reports and modules in accounting systems.
- Evaluation of CAPEX proposals and store feasibility
- Perform ledger scrutiny, trial balance reviews, and general ledger reconciliation to ensure data accuracy.
- Assist in managing insurance processes for retail outlets, assets, warehouses, and offices.
Budgeting & Forecasting:
- Assist in preparing budgets and forecasts, ensuring alignment with strategic objectives.
- Develop and maintain financial models to support business decisions, investment planning, and risk management.
- Support the monthly reconciliation of intercompany transactions and accounts to ensure financial integrity.
Compliance & Risk Management:
- Monitor financial compliance with regulatory requirements and internal policies.
- Ensure risk management processes are in place to safeguard financial health.
- Assist in audit processes and internal financial assessments to maintain accuracy and transparency.
DESIRED EXPERIENCE
The ideal Assistant Manager – Financial Planning & Analysis should have 5-7 years of experience in Management Information Systems (MIS) or IT management, with experience in a leadership role.
Proficiency in database management, data analysis, and ERP systems.
Strong analytical, problem-solving, and project management skills.
KEY RELATIONSHIPS
Manager – Financial Planning & Analysis, Business Teams, Functional departments, Executive - MIS & Business Analyst, Manager - Accounts and Finance, Treasury Operations Team, Purchase Team, Manager - Tax, etc.
Requirements
- •5-7 years of experience in Management Information Systems (MIS) or IT management
- •Experience in a leadership role
- •Proficiency in database management
- •Data analysis skills
- •ERP systems proficiency
- •Strong analytical and problem-solving skills
- •Project management skills
Responsibilities
- •Conduct financial analysis and reporting to identify trends, variances, and performance metrics
- •Assist in development of annual budgets, quarterly forecasts, and long-term financial projections
- •Perform variance analysis and recommend corrective actions
- •Support cost analysis and profitability assessments for cost-saving initiatives
- •Prepare and present MIS reports including store-wise P&L statements and Balance Sheets
- •Ensure timely month-end closing of financial reports and modules
- •Evaluate CAPEX proposals and store feasibility
- •Perform ledger scrutiny, trial balance reviews, and general ledger reconciliation
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Guides for this role
- See what hiring software sees in your CV before Apparel Group does
- Get every weak line rewritten
- Download a CV written for the Gulf
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Apparel Group is a global fashion and lifestyle retail conglomerate. It operates a large portfolio of leading international brands across the Middle East, Africa, and India.